8-K
Microvision, Inc. (MVIS)
View as plain text
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) October 11, 2022
MicroVision, Inc.
(Exact name of registrant as specified in its charter)
| Delaware | 001-34170 | 91-1600822 |
|---|---|---|
| (State or other jurisdiction<br> <br>of incorporation) | (Commission<br> <br>File Number) | (I.R.S. Employer<br> <br>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<br> <br>symbol(s) | Name of each exchange<br> <br>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 October 11, 2022, MicroVision, Inc. issued a press release announcing commencement of delivery on sample sales. 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 future sales, 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. |
|---|
(c) 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<br>No. | Description |
|---|---|
| 99.1 | Press Release of MicroVision, Inc. dated October 11, 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: October 11, 2022
EX-99.1
Exhibit 99.1

MicroVision Commences Delivery on Sales of MAVIN DR Dynamic View Lidar Samples
Delivery of Commercial Samples Allows OEMs and Tier 1s to Test and Validate MAVIN
REDMOND, WA / ACCESSWIRE / October 11, 2022 / MicroVision, Inc. (NASDAQ:MVIS), a leader in MEMS-based solid-state automotive lidar and advanced driver-assistance systems (ADAS) solutions, today announced achievement of another important milestone as it begins delivering samples of its MAVIN^™^ DR dynamic view lidar system, fulfilling sales to OEMs and Tier 1 suppliers. MAVIN DR, MicroVision’s lidar sensor featuring a dynamic field of view, is now available worldwide for sample sales to OEMs, Tier 1s, and other potential customers. MAVIN delivers high resolution at all ranges and with low latency, enabling new ADAS safety features to achieve true highway-pilot functionality that OEMs demand.
“I am pleased to announce that we have successfully started to deliver MAVIN DR samples to OEM and Tier 1 customers,” said Sumit Sharma, CEO of MicroVision. “This is an important milestone on the path toward RFQ cycles and adoption of our technology.”
MAVIN DR combines short-, medium- and long-range sensing and fields of view into one form factor. Dynamic range, with our object level software, is key to enabling ADAS features at highway speeds. At speeds of up to 130 km/h (80 mph), ADAS systems need more time to make decisions and react in order to take proactive action and hence need resolution at range. MicroVision’s sensor produces an ultra-high-resolution point cloud showing drivable and non-drivable areas of the road ahead. With its low latency point cloud (30 hertz), the MAVIN product line allows ADAS systems to respond more quickly, make split-second decisions and take action at high speeds.
“MAVIN has been designed first and foremost for OEMs, so they may seamlessly integrate it into the design of a vehicle without detracting from its aesthetics, aerodynamics or design language. It has also been engineered to complement OEMs’ supply chains. Built with materials familiar to OEMs and used in their existing supply chains, MAVIN is scalable, sourceable and supports a lower cost structure,” added Sharma.
1
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 RelationsContact
Jeff Christensen and Matt Kreps
Darrow Associates Investor Relations
MVIS@darrowir.com ****
Media Contact
Heidi Davidson
Galvanize Worldwide for MicroVision
(914) 441-6862
MicroVision@galvanizeworldwide.com
SOURCE: MicroVision, Inc.
2