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<SEC-DOCUMENT>0001157523-11-000856.txt : 20110215
<SEC-HEADER>0001157523-11-000856.hdr.sgml : 20110215
<ACCEPTANCE-DATETIME>20110215071708
ACCESSION NUMBER:		0001157523-11-000856
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20110215
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20110215
DATE AS OF CHANGE:		20110215

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MICROVISION INC
		CENTRAL INDEX KEY:			0000065770
		STANDARD INDUSTRIAL CLASSIFICATION:	ELECTRONIC COMPONENTS, NEC [3679]
		IRS NUMBER:				911600822
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34170
		FILM NUMBER:		11612354

	BUSINESS ADDRESS:	
		STREET 1:		6222 185TH AVE NE
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052
		BUSINESS PHONE:		425-936-6847

	MAIL ADDRESS:	
		STREET 1:		6222 185TH AVE NE
		CITY:			REDMOND
		STATE:			WA
		ZIP:			98052
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a6611906.htm
<DESCRIPTION>MICROVISION, INC.  8-K
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2011 Business Wire, a Berkshire Hathaway company.-->
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  </head>
  <body style="font-family: Times New Roman; font-size: 10pt">
    <hr style="text-align: center; height: 1.5 pt; width: 100%; color: #000000">


    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 14pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 14pt"><br style="font-family: Times New Roman; font-size: 14pt"></font><font style="font-family: Times New Roman; font-size: 14pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>Washington,
      D.C. 20549</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 14pt"><b>FORM 8-K</b></font><br><br><font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><font style="font-size: 12pt"><b>Pursuant to
      Section 13 or 15(d) of</b></font><br><font style="font-size: 12pt"><b>the
      Securities Exchange Act of 1934</b></font><br><br><font style="font-family: Times New Roman; font-size: 10pt">Date
      of Report (Date of earliest event reported): </font><font style="font-family: Times New Roman; font-size: 10pt"><b>February
      15, 2011</b></font><br><font style="font-family: Times New Roman"><b>______________</b></font><br>
    </p>
    <p style="text-align: center">
      <font style="font-size: 14pt"><b>MICROVISION, INC.</b></font><br><font style="font-family: Times New Roman; font-size: 10pt">(Exact
      Name of Registrant as Specified in Charter)</font><br><br>
    </p>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-left:auto;margin-right:auto; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; width: 34%; white-space: nowrap; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>0-21221</b>
          </p>
        </td>
        <td valign="bottom" style="padding-right: 0.0px; width: 33%; white-space: nowrap; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>91-1600822</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (State or Other Jurisdiction of
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Incorporation)
          </p>
        </td>
        <td valign="top" style="width: 34%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (Commission File Number)
          </p>
        </td>
        <td valign="bottom" style="width: 33%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            (IRS Employer
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            Identification No.)
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="text-align:center">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-left:auto;margin-right:auto; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>6222 185<sup>th</sup> Avenue NE </b>
          </p>
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Redmond, Washington 98052</b>
          </p>
        </td>
      </tr>
      <tr>
        <td valign="bottom" style="padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <font style="font-family: Times New Roman; font-size: 10pt">(Address
            of Principal Executive Office) (Zip Code)</font>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <br>
      <font style="font-family: Times New Roman; font-size: 10pt">Registrant&#8217;s
      telephone number, including area code: </font>&#160;<b>(425) 936-6847</b><br><br>
    </p>
    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">Check the
      appropriate box below if the Form 8-K filing is intended to
      simultaneously satisfy the filing obligation of the registrant under any
      of the following provisions </font>(see General Instruction A.2. below)<font style="font-family: Times New Roman; font-size: 10pt">:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c)) </font>
    </p>
    <hr style="height: 1.0 pt; width: 100%; color: #000000; text-align: center">


    <p>

    </p>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p>
      The information in this Current Report is being furnished and shall not
      be deemed &#8220;filed&#8221; for the purposes of Section 18 of the Securities
      Exchange Act of 1934, as amended, or otherwise subject to the
      liabilities of that Section.&#160;&#160;The information in this Current Report
      shall not be incorporated by reference into any registration statement
      or other document pursuant to the Securities Act of 1933, as amended.
    </p>
    <p>
      On February 15, 2011, Microvision, Inc. issued a press release
      announcing its preliminary financial results for the quarter and year
      ended December 31, 2010.&#160;&#160;A copy of the press release is attached as
      Exhibit 99.1 and is incorporated herein by reference.
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements, Pro Forma Financial
      Information and Exhibits.</b>
    </p>
    <p style="white-space: nowrap; margin-left: 30.0px">
      (c)&#160;&#160;<i>Exhibits</i>.
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 8%">
          &#160;
        </td>
        <td valign="top" style="padding-right: 0.0px; width: 7%; white-space: nowrap; padding-left: 0.0px; text-align: left">
          99.1
        </td>
        <td valign="top" style="width: 85%; padding-left: 0.0px; text-align: left">
          Microvision, Inc. Press Release Outlines 2011 Strategy and Announces
          Preliminary 2010 Results.
        </td>
      </tr>
    </table>
    </div>
    <p style="margin-left: 150.0px">

    </p>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="font-family: Times New Roman; font-size: 10pt; text-indent: 30.0px">
      <font style="font-family: Times New Roman; font-size: 10pt">Pursuant to
      the requirements of the Securities Exchange Act of 1934, the registrant
      has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.</font>
    </p>
<div style="text-align:left">
    <table style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px" cellspacing="0">
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            MICROVISION, INC.
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td colspan="2" valign="top" style="padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="padding-bottom: 2.0px; width: 5%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 45%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="padding-bottom: 2.0px; width: 5%; padding-left: 0.0px; text-align: left">
          By:
        </td>
        <td valign="top" style="width: 45%; border-bottom: solid black 1.0pt; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Thomas M. Walker
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="width: 45%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="width: 5%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="width: 45%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Thomas M. Walker
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td valign="top" style="width: 5%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td valign="top" style="width: 45%; padding-left: 0.0px; text-align: center">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <i>Vice President, General Counsel &amp; Secretary</i>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
        <td style="width: 5%">

        </td>
        <td valign="top" style="width: 45%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td valign="top" style="width: 5%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td valign="top" style="width: 45%; padding-left: 0.0px; text-align: left">
          <p style="margin-top: 0px; margin-bottom: 0px">
            February 15, 2011
          </p>
        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 45%">

        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
  </body>
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     "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd">-->
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</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a6611906_ex99-1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
<html>
  <head>
    <title></title>
<!--Copyright 2011 Business Wire, a Berkshire Hathaway company.-->
<!--All rights reserved www.businesswire.com-->
  </head>
  <body style="font-family: Times New Roman; font-size: 8pt">
    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>MicroVision
      Outlines 2011 Strategy and Announces Preliminary 2010 Results</b></font>
    </p>
    <p>
      REDMOND, Wash.--(BUSINESS WIRE)--February 15, 2011--MicroVision, Inc.
      (NASDAQ: MVIS), a leader in innovative ultra-miniature projection
      display technology, today announced key elements of its 2011 business
      strategy and preliminary 2010 operating and financial results.
    </p>
    <p>
      <b>2011 Strategy</b>
    </p>
    <p>
      &#8220;A revolution in mobile display is coming: a PicoP&#174; display technology
      based on a direct green laser that should address the critical needs of
      both the mobility and automotive markets,&#8221; stated Alexander Tokman,
      president and CEO. &#8220;Recent progress by global suppliers in the
      development of native or `direct' green lasers and our engagement with
      Pioneer Corporation put us on an accelerated path to commercialize a
      next-generation PicoP display solution in 2012. These developments have
      allowed us to simplify operations and devote key personnel to advance
      this important goal.&#8221;
    </p>
    <p>
      The highlights of MicroVision&#8217;s 2011 strategy include:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Concentrating resources and working with industry-leading partners to
        advance the commercialization of the direct green laser PicoP&#174; display
        engine. The company has already engaged Pioneer Corporation and is in
        advanced discussions with other development partners to facilitate its
        go-to-market plan for a direct green PicoP engine.
      </li>
      <li style="margin-bottom: 10.0px">
        Sell existing innovative products based on the synthetic green laser
        to (a) continue to build market awareness, (b) drive new use models
        for the PicoP display technology, and (c) increase OEMs and mobile
        operators experience with PicoP embedded solutions.
      </li>
      <li style="margin-bottom: 10.0px">
        Simplify operations and reduce 2011 cash requirements by 40%.
      </li>
    </ul>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      The green laser is a key component of the company&#8217;s PicoP display
      technology. The current PicoP engine uses an expensive synthetic green
      laser which has limited the adoption of the PicoP engine for high volume
      applications. Several companies have recently announced their plans to
      commercialize direct green lasers between late-2011 and mid-2012. Direct
      green lasers are simpler components and are expected to offer
      significant advantages in price, size, power, and performance making
      them superior to synthetic green lasers for MicroVision&#8217;s mobile display
      solutions.
    </p>
    <p>
      <b>Commercialize Direct Green PicoP Display Engine</b>
    </p>
    <p>
      Built on the direct green laser technology, the next generation PicoP
      display engine is expected to provide a high performance, low cost
      embedded solution for OEM partners serving the mobile consumer and
      automotive markets. The company plans to work with industry-leading
      development partners, including Pioneer, to facilitate commercialization
      of the direct green PicoP engine. Business and development alliances are
      expected to allow the company to concentrate more of its resources on
      technology and applications innovation. Pioneer has been working with
      MicroVision under one such arrangement to develop and manufacture
      display engine subsystems for consumer and in-vehicle head-up displays
      (HUDs). Pioneer has announced plans to introduce an aftermarket HUD
      product based on the direct green PicoP engine in the first half of 2012.
    </p>
    <p>
      <b>Sell innovative products</b>
    </p>
    <p>
      In 2011 the company will continue selling the award-winning SHOWWX+&#8482;
      laser pico projector introduced in November 2010. As more devices and
      applications are designed with video-out capabilities, pico projection
      display products become a natural part of the mobile ecosystem.
      MicroVision has continued to evolve its sales and marketing strategy in
      response to a dynamic market landscape. The company plans to augment the
      SHOWWX&#8482; product line with additional connectivity features, accessories
      and applications to address a larger serviceable market and enhance the
      end-user experience.
    </p>
    <p>
      <b>Simplify Operations</b>
    </p>
    <p>
      MicroVision anticipates lowering its cash used in operations for 2011 by
      approximately 40% on an expected moderate increase in revenue through a
      combination of:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Sharing development and commercialization costs of the direct green
        PicoP engine with its development partners.
      </li>
      <li style="margin-bottom: 10.0px">
        Limiting investment in the synthetic green PicoP platform.
      </li>
      <li style="margin-bottom: 10.0px">
        Moving future product development, beyond SHOWWX+, to original design
        manufacturers.
      </li>
      <li style="margin-bottom: 10.0px">
        Restructuring of inventory cycles with major suppliers.
      </li>
      <li style="margin-bottom: 10.0px">
        Reducing additional operating costs through a recently completed
        workforce reduction and other measures.
      </li>
    </ul>
    <div style="width: 100%; margin-left: 0pt; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Operating and Financial Results</b>
    </p>
    <p>
      Recent notable operating achievements include:
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Unveiled SHOWWX+&#8482;, the second-generation of the award-winning laser
        pico projector which boasts a fifty-percent increase in brightness
        compared to the SHOWWX&#8482; Classic and offers connectivity to today&#8217;s
        popular mobile devices.
      </li>
      <li style="margin-bottom: 10.0px">
        Completed a joint development agreement and memorandum of
        understanding with Pioneer Corporation.
      </li>
      <li style="margin-bottom: 10.0px">
        Integrated early samples of direct green lasers from three leading
        manufacturers into pico projector prototypes and demonstrated two of
        these at CES.
      </li>
      <li style="margin-bottom: 10.0px">
        Introduced and delivered the PicoP&#174; display engine to multiple OEMs
        for enabling embedded future device design wins.
      </li>
      <li style="margin-bottom: 10.0px">
        Purchased a significant patent portfolio from Motorola, Inc. that
        enhances the company's existing highly rated intellectual property
        portfolio.
      </li>
      <li style="margin-bottom: 10.0px">
        Showcased the advantages of the PicoP&#174; technology at the Consumer
        Electronics Show 2011 by demonstrating an innovative mini-tablet
        prototype with embedded pico projector and the SHOWWX+ laser pico
        projector paired with iOS4 gaming applications.
      </li>
    </ul>
    <p>
      2010 Preliminary Financial Results (Unaudited):
    </p>
    <p>
      The company expects the following financial results for the quarter and
      year ended December 31, 2010, compared to the same periods one year ago.
    </p>
    <ul>
      <li style="margin-bottom: 10.0px">
        Revenue of $683,000, compared to $971,000 for the same quarter and
        $4.7 million, compared to $3.8 million for the prior year.
      </li>
      <li style="margin-bottom: 10.0px">
        Operating loss of between $15.3 million and $15.8 million, compared to
        $11.3 million for the same quarter and between $48.3 million and $48.8
        million, compared to $39.2 million for the prior year. The operating
        loss for the quarter includes inventory adjustments of approximately
        $5.7 million. The adjustments are a result of lower prices for the
        SHOWWX and SHOWWX+ and obsolescence caused by the transition to
        SHOWWX+.
      </li>
      <li style="margin-bottom: 10.0px">
        Net loss of between $15.3 million and $15.8 million, or between $0.16
        and $0.17 per share, compared to $8.7 million, or $0.11 per share for
        the same quarter and $47.4 million and $47.9 million, or between $0.52
        and $0.53 per share, compared to $39.5 million, or $0.54 per share for
        the prior year.
      </li>
      <li style="margin-bottom: 10.0px">
        Backlog of $13.7 million as of December 31, 2010, which includes $11.9
        million from an OEM for the embedded PicoP display engine.
      </li>
      <li style="margin-bottom: 10.0px">
        Cash and cash equivalents of $19.4 million as of year end, which
        includes $9.9 million in cash raised during the fourth quarter through
        a previously announced equity financing facility.
      </li>
    </ul>
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        <div style="text-align: center">

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          <hr style="height: 1.5pt; color: black">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Conference Call</b>
    </p>
    <p>
      The company will host a conference call today to discuss its 2011
      business strategy, preliminary results for 2010, and current business
      operations at 8:30 a.m. ET / 5:30 a.m. PT. Participants may join the
      conference call by dialing (866) 730-5769 (for U.S. participants) or
      (857) 350-1593 (for international participants) ten minutes prior to the
      start of the call. The conference call pass code number is 88376065. The
      call will also be broadcast over the Internet and can be accessed from
      the company's web site at <u>www.microvision.com/investors</u>. The
      webcast and information needed to access the telephone replay will be
      available through the same link approximately one hour after the
      conference call concludes.
    </p>
    <p>
      <b>About MicroVision</b>
    </p>
    <p>
      MicroVision provides the PicoP&#174; display technology platform designed to
      enable next-generation display and imaging products for pico projectors,
      vehicle displays and wearable displays that interface with mobile
      devices. The company&#8217;s projection display engine uses highly efficient
      laser light sources which can create vivid images with high contrast and
      brightness. For more information, visit us on:
    </p>
    <p>
      Our company website: <u>www.microvision.com</u><br>Our corporate blog: <u>www.microvision.com/displayground</u><br>Twitter:
      <u>www.twitter.com/microvision</u><br>Facebook: <u>www.facebook.com/MicrovisionInc</u><br>YouTube:
      <u>www.youtube.com/mvisvideo</u>
    </p>
    <p style="text-align: center">
      <i>MicroVision, SHOWWX, SHOWWX+ and PicoP are trademarks of MicroVision,
      Inc. in the United States and other countries. All other trademarks are
      the properties of their respective owners.</i>
    </p>
    <p>
      <b>Forward-Looking Statements</b>
    </p>
    <p>
      Certain statements contained in this release, including those relating
      to future product development and commercial contracting, operating
      results, and product commercialization, which includes the risk that no
      definitive agreements result from the memorandum of understanding, and
      those using words such as &#8220;expects&#8221;, &#8220;intends&#8221;, &#8220;plans&#8221;, &#8220;should&#8221;,
      &#8220;would&#8221;, &#8220;will&#8221; and &#8220;believe&#8221; are forward-looking statements that
      involve a number of risks and uncertainties. Factors that could cause
      actual results to differ materially from those projected in the
      company's forward-looking statements include the following: our ability
      to raise additional capital when needed; our or our customers failure to
      perform under open purchase orders; our financial and technical
      resources relative to those of our competitors; our ability to keep up
      with rapid technological change; government regulation of our
      technologies; our ability to enforce our intellectual property rights
      and protect our proprietary technologies; the ability to obtain
      additional contract awards; the timing of commercial product launches
      and delays in product development; the ability to achieve key technical
      milestones in key products; dependence on third parties to develop,
      manufacture, sell and market our products; potential product liability
      claims; and other risk factors identified from time to time in the
      company's SEC reports, including the company's Annual Report on Form
      10-K filed with the SEC. Except as expressly required by federal
      securities laws, we undertake no obligation to publicly update or revise
      any forward-looking statements, whether as a result of new information,
      future events, changes in circumstances or any other reason.
    </p>
    <p>
      CONTACT:<br>MicroVision, Inc.<br>Tiffany Bradford, 425-882-6629
      (investors)<br>Callie Snyder (Edelman), 503-997-3440 (media/PR)
    </p>
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