Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 19

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 19
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 markets, inventory requirements or future financial results will be adversely affected.

Because
perception solutions involving lidar are new in the markets we are seeking to enter, our market forecasts may not materialize as
anticipated.

Our
market opportunity estimates and growth forecasts are subject to significant uncertainty and are based on assumptions and estimates that
may not materialize as anticipated. These estimates and forecasts relating to the expected size and growth of the markets for lidar-based
technology may prove to be inaccurate. Even if these markets experience the forecasted growth we anticipate, we may not grow our business
at similar rates, or at all. Our future growth is subject to many factors, including market adoption of our products, which is subject
to many risks and uncertainties. Accordingly, we cannot assure you that these forecasts will not be materially inaccurate.

ITEM
1B. UNRESOLVED STAFF COMMENTS

None.

ITEM
1C. CYBERSECURITY

Risk
Management and Strategy

Our
Cybersecurity Processes 

We
continue to strengthen our cybersecurity measures to safeguard our information systems based on industry standards. Our measures include
policies to promote internal compliance by our employees, policies and procedures to regularly evaluate the security of our information
systems and implementation of third-party products, including intrusion prevention and detection solutions, multifactor identification
and anti-virus software, to help detect and protect against potential cybersecurity threats. We educate our staff on cybersecurity matters
with periodic risk awareness information, phishing awareness campaigns, and training materials. Moreover, given the rapid growth of our
global operations in 2023 due to the Ibeo acquisition, and our expectations for near- and long-term strategic growth, our Information
Technology, or IT, team is prioritizing enhancements to our response system and continuity plans.

A
key dimension to the security and effectiveness of our information system is our compliance with standards that are unique to the industries
in which we operate. For instance, it is critical that our information system achieves TISAX certification. Established by the German
Association of the Automotive Industry, Trusted Information Security Assessment Exchange, or TISAX, is a globally recognized assessment
and exchange mechanism for information security in the automotive industry. Automotive OEMs rely on the TISAX label to ensure that suppliers
and partners have a solid information security management system in place. To successfully complete the TISAX assessment process in our
German and U.S. operations, we are actively evaluating our cybersecurity measures and seeking enhancements, including engaging a third-party
auditor and