MicroVision (NASDAQ: MVIS) is trading higher after the ultra-miniature projection display and sensing technology company said it has signed a license agreement for its PicoP® scanning technology with a Taiwanese ODM. Per the agreement, the ODM is licensed to make and sell Laser Beam Scanning (LBS) engines incorporating components it is purchasing from third parties. MicroVision would receive a royalty payment from the ODM for each LBS engine the ODM sells.
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About MicroVision
MicroVision is the creator of PicoP® scanning technology, an ultra-miniature laser projection and sensing solution based on the laser beam scanning methodology pioneered by the company. MicroVision’s platform approach for this advanced display and sensing solution means that it can be adapted to a wide array of applications and form factors. It is an advanced solution for a rapidly evolving, always-on world. Extensive research has led MicroVision to become an independently recognized leader in the development of intellectual property. MicroVision’s IP portfolio has been recognized by the Patent Board as a top 50 IP portfolio among global industrial companies and has been included in the Ocean Tomo 300 Patent Index. The company is based in Redmond, Wash. For more information, visit the company’s website at www.microvision.com
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