Company: MVIS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001641172-25-009765
Chunk: 63

Company: MICROVISION, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 4
Chunk 63
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 a timely manner or at prices or on other
terms that are acceptable to us, we may be unable to meet contract or production milestones. Moreover, changes or challenges in our supply
chain could result in increased cost and delays and subject us to risks and uncertainties regarding, but not limited to, product warranty,
product liability and quality control standards. The loss of any single or limited-source supplier, the failure of any of these suppliers
to perform as expected or the disruption in the supply chain of components from these suppliers could cause significant delays in product
deliveries, which could result in lost future revenues and damaged customer relationships.

Historically,
we have been dependent on third parties to develop, manufacture, sell and market products incorporating our technology.

Our
business strategy for commercializing our technology in products has historically included entering into development, manufacturing,
licensing, sales and marketing arrangements with OEMs, ODMs and other third parties. These arrangements reduce our level of control over
production and distribution and may subject us to risks and uncertainties regarding, but not limited to, product warranty, product liability
and quality control standards.

We
cannot be certain that we will be able to negotiate arrangements on acceptable terms, if at all, or that these arrangements will be successful
in yielding commercially viable products. If we cannot establish or maintain these arrangements, we would require additional capital
to undertake such activities on our own and would require extensive manufacturing, sales and marketing expertise that we do not currently
possess and that may be difficult to obtain.

In
addition, we could encounter significant delays in introducing our products and technology or find that the development, manufacture
or sale of products incorporating our technology would not be feasible. To the extent that we enter into development, manufacturing,
licensing, sales and marketing or other arrangements, our revenues will depend upon the performance of third parties. We cannot be certain
that any such arrangements will be successful.

We
could face lawsuits related to our use of LBS technology or other technologies, which would be costly, and any adverse outcome could
limit our ability to commercialize our technologies or products.

We
are aware of several patents held by third parties that relate to certain aspects of light scanning displays, 3D sensing products, and
other technologies that are core to our sensor hardware. These patents could be used as a basis to challenge the validity, limit the
scope or limit our ability to obtain additional or broader patent rights of our patents. A successful challenge to the validity of our
patents could limit