8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d)

OF THE SECURITIES EXCHANGE ACT OF 1934

DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED) September 27, 2022

MicroVision, Inc.

(Exact name of registrant as specified in its charter)

Delaware

001-34170

91-1600822

(State or other jurisdiction

of incorporation)

(Commission

File Number)

(I.R.S. Employer

Identification No.)

6244 185^th Avenue NE, Suite 100

Redmond, Washington 98052

(Address of principal executive offices) (Zip code)

(425) 936-6847

Registrant’s telephone number, including area code

Not Applicable

(Former name or former address if changed since last report)

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:

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading

symbol(s)

Name of each exchange

on which registered

Common stock, par value $0.001 per share

MVIS

The NASDAQ Stock Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01.

Other Events.

On September 27, 2022, MicroVision, Inc. issued a press release announcing Class 1 compliance. A copy of the press release is attached as Exhibit 99.1 and is incorporated herein by reference.

This Current Report on Form 8-K, including Exhibit 99.1, contains forward-looking statements, including implications of Class 1 compliance, product capabilities, and market acceptance, as well as other statements about future events based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainties, which are described in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and MicroVision undertakes no duty to update or revise any forward-looking statement, whether as a result of new information, future events, changes in circumstances or any other reason. All forward-looking statements in this filing, including exhibits, are qualified in their entirety by this cautionary statement.

Item 9.01.

Financial Statements and Exhibits.

Pursuant to the rules and regulations of the SEC, the attached exhibit is deemed to have been furnished to, but not filed with, the SEC.


Exhibit No.		Description

99.1		Press Release of MicroVision, Inc. dated September 27, 2022

104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

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.


MICROVISION, INC.

By:		/s/ Drew G. Markham
		Drew G. Markham
		Vice President, General Counsel and Secretary

Dated: September 27, 2022

Exhibit 99.1

LOGO

MicroVision’s MAVIN DR Dynamic Range Lidar Class 1 Compliant

Class 1 Compliance Allows MicroVision to Begin Sample Sales and Accelerate Real-World Validation

REDMOND, WA / ACCESSWIRE / September 27, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and advanced driver-assistance systems (ADAS) solutions, today announced its MAVIN^™ DR dynamic view lidar system as Class 1 laser product compliant. Class 1 laser products comply with laser safety standards and present no hazard to the eye or skin, according to the International Electrotechnical Commission (IEC). Achieving Class 1 compliance is a key milestone toward securing OEM partnerships, allowing MicroVision to begin sample sales and allowing potential customers to develop lean system architectures with unmatched system level safety guaranteed at lidar level running in real-time logic. MicroVision believes that this represents a huge advantage over all other current solutions. In particular, MicroVision’s pixel-by-pixel approach to Class 1 compliance, believed to be a first in the industry, is expected to meet the high standards of OEMs.

MAVIN DR, MicroVision’s lidar sensor featuring a dynamic field of view, delivers high resolution at all ranges and with low latency, enabling new ADAS safety features to achieve true highway-pilot functionality that OEMs demand. To ensure system compliance to current IEC standards, MicroVision’s lidar system incorporates its patented Automatic Emissions Controls (AEC) methodology. Pulses that are hardware-encoded and timed within nanoseconds of each other are used to qualify the safety of each and every pulse emitted throughout the field of view. This represents the first implementation of its kind that conforms to IEC specification with safety compliance inside the lidar unlike other systems that rely on more expensive sensor fusion implementations that may not be as robust to IEC requirements.

“Given our 20-plus years of expertise developing products centered on laser beam scanning technology, the Class 1 compliance process is not new to the MicroVision team. We have navigated this process before and are pleased to achieve this important milestone with our MAVIN technology,” said Sumit Sharma, CEO of MicroVision. “Right from the start, we developed our lidar sensor with safety in mind, incorporating our proprietary technologies, like AEC, to ensure safe operation to Class 1 standards. Our team continues to demonstrate its commitment to on-time delivery at the highest quality levels, and I am grateful for their hard work.”

About MicroVision

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, on Facebook at www.facebook.com/microvisioninc, follow MicroVision on Twitter at @MicroVision, and LinkedIn at https://www.linkedin.com/company/microvision/.

MicroVision is a trademark 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 and Matt Kreps

Darrow Associates Investor Relations

[email protected]

Media Contact

Heidi Davidson

Galvanize Worldwide for MicroVision

(914) 441-6862

[email protected]

SOURCE: MicroVision, Inc.