RCS - MicroVision, Inc. - MicroVision Unveils MOSAIK(TM) Validation Suite

MicrovisionAnnouncement

22/03/2023 14:30

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230322:nRSV8364Ta&default-theme=true

RNS Number : 8364T  MicroVision, Inc.  22 March 2023

MicroVision Unveils New MOSAIK(TM) Validation Suite and Begins Cooperation
with Jaguar Land Rover

REDMOND, WA / ACCESSWIRE / March 22, 2023 / MicroVision, Inc. (NASDAQ:MVIS), a
leader in MEMS-based solid-state automotive lidar and advanced
driver-assistance systems (ADAS) solutions, today announced the launch of its
MOSAIK validation suite which enables automotive OEM and Tier 1 customers to
validate their ADAS and autonomous vehicle platforms in the most advanced way.
Following prior engagements with OEMs like BMW and Vinfast, MicroVision has
added Jaguar Land Rover (JLR) as a customer for its MOSAIK software suite to
enable enhanced automated driving capabilities and safety features for its
fleet of next-generation cars.

"We are pleased to supply JLR with our advanced validation solution," said
Sumit Sharma, MicroVision's Chief Executive Officer. "As OEMs seek to
internally validate their ADAS and AV systems, our auto-annotation software
allows them to efficiently process high volumes of reference data against
ground truth data to validate a wide range of sensors and solutions."

Following the closing of MicroVision's acquisition of certain assets of Ibeo
Automotive Systems, the company is offering a system solution for validating
vehicle sensors for ADAS and autonomous vehicle applications. The MOSAIK
validation suite offers hardware and software that comprise a complete
solution to validate their ADAS and AV systems. In addition to auto-annotation
and reference software modules, the validation solution may include
MicroVision lidar sensors.

"We're thrilled to demonstrate the synergies of the asset acquisition so
quickly after closing as our team worked diligently to accelerate the delivery
of our products to market," added Sharma. "This unique product line will
enable our customers to advance their validation needs and allow MicroVision
to continue advancing our perception features."

About MicroVision

With over 350 employees and offices in Redmond, Detroit, Hamburg, and
Nuremberg,MicroVision is a pioneering company in MEMS-based laser beam
scanning technology that integrates MEMS, lasers, optics, hardware, algorithms
and machine learning software into its proprietary technology to address
existing and emerging markets. The Company's integrated approach uses its
proprietary technology today to develop automotive lidar sensors and provide
solutions for advanced driver-assistance systems (ADAS), leveraging its
experience building augmented reality micro-display engines, interactive
display modules, and consumer lidar modules.

For more information, visit the Company's website at www.microvision.com
(https://pr.report/OHLb5wNh) , on Facebook at www.facebook.com/microvisioninc
(https://pr.report/ikHucYod) , follow MicroVision on Twitter at @MicroVision
(https://pr.report/CbhLnVkU) , and LinkedIn at
https://www.linkedin.com/company/microvision/ (https://pr.report/OwEeQxq-) .

MicroVision and MOSAIK are trademarks of MicroVision, Inc. in the United
States and other countries. All other trademarks are the properties of their
respective owners.

Investor Relations Contact

Jeff Christensen

Darrow Associates Investor Relations

MVIS@darrowir.com

Media Contact

Robyn Komachi

Marketing@MicroVision.com

SOURCE: MicroVision, Inc.

 

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

Reach is a non-regulatory news service. By using this service an issuer is confirming that the information contained within this announcement is of a non-regulatory nature. Reach announcements are identified with an orange label and the word “Reach” in the source column of the News Explorer pages of London Stock Exchange’s website so that they are distinguished from the RNS UK regulatory service. Other vendors subscribing for Reach press releases may use a different method to distinguish Reach announcements from UK regulatory news.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NRAFIFLEVTIFFIV