Company: MVIS
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001493152-25-021931
Chunk: 164

Company: MICROVISION, INC.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part I, Item 1
Chunk 164
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 plans, future operations, financing needs or plans of MicroVision, Inc. (“we,” “our,”
or “us”), as well as assumptions relating to the foregoing. The words “anticipate,” “could,” “believe,”
“estimate,” “expect,” “goal,” “may,” “plan,” “will” and similar
expressions identify forward-looking statements. Factors that could cause actual results to differ materially from those projected in
our forward-looking statements include risk factors identified below in Item 1A.

Overview

MicroVision,
Inc. is committed to driving the global adoption of our proprietary products, which leverage our deterministic AI “at the edge”
with our innovative perception and application software running on our diverse lidar sensors. Our solutions enable ADAS and autonomy
features for customers in a wide range of industries, including robotics, automated warehouse, agriculture, mining, military, and automotive.
Our deterministic AI at the edge software running on our sensors enables intelligent autonomous, active safety, and automation systems
which depend on secure, cost-effective, and energy-efficient solutions. This software has been developed in close collaboration with
our automotive customers and we are now rapidly expanding with it into new industrial and commercial vehicle sectors.

With
engineering teams based in Redmond, Washington and Hamburg, Germany, we develop and supply integrated solutions built on our perception
software stack, incorporating application software and processing data from differentiated sensor systems. Our extensive experience in
developing and productizing core lidar hardware and software components, along with our expertise in edge computing, positions us as
a valuable commercial partner capable of delivering high-value, low-power products.

Founded
in 1993, MicroVision, Inc. is a pioneer in laser beam scanning, or LBS technology, which is based on our patented technology in micro-electromechanical
systems, or MEMS, laser diodes, opto-mechanics, electronics, algorithms and software and how those elements are packaged into a small
form factor. Throughout our history, we have combined our proprietary technology with our development expertise to create innovative
solutions to address existing and emerging market needs, such as augmented reality microdisplay engines; interactive display modules;
consumer lidar components; and, more recently, lidar sensors and software solutions for industrial, automotive, and military markets.

In
January 2023, we acquired certain strategic assets of Germany-based Ibeo Automotive Systems GmbH, which was founded in 1998 as a lidar
hardware and software provider. Ibe