MicroVision (NASDAQ: MVIS) shares are up 6% after the company this morning said it has entered into an agreement with WPG Holdings for distribution of MicroVision’s line of PicoP® scanning engines across Asia. Per the agreement and through its subsidiaries AIT Group, WPG Korea and South Asia, WPG will provide sales, marketing, technical support and distribution of MicroVision’s engine products in China, Taiwan, Japan, Korea, India and Southeast Asia. “As the number one semiconductor distributor in Asia with trans-national services and established customer relationships across the Asia region, this partnership with WPG can help us grow the market for our PicoP® scanning engines,” MicroVision president and chief executive officer Alexander Tokman stated in the news release.
To view the full press release, visit: http://nnw.fm/k1LIm
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. MicroVision’s business model and product line offering includes display and sensing engines, licensing its patented technology and selling components to licensees for incorporation into their scanning engines. Extensive research has led MicroVision to become independently engaged 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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