MicroVision Signs Laser Beam Scanning System Contract
Display and sensor developer MicroVision Inc. has signed a contract with a major technology company to develop a laser beam scanning (LBS) display system and produce specific components.
Under the agreement, MicroVision would develop a new generation of MEMS1, ASICs2 and related firmware for a high-resolution, LBS-based product. MicroVision would receive up to $24 million, including $14 million in fees, for development over a span of 21 months and an upfront payment for other items. The fees are contingent upon completion of milestones in 2017 and 2018.
MicroVision is a developer of ultra-miniature laser projection and sensing solutions based on laser beam scanning methodology.
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