Company: MVIS
Filing Date: 2025-03-26
Form Type: 10-K
Source: 0001641172-25-000783
Chunk: 21

Company: MICROVISION, INC.
Filing Date: 2025-03-26
Form: 10-K
Item: Item 1A
Chunk 21
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 processes and other cybersecurity-related matters. Although we do not currently employ a chief information security
officer, we are working with an outside consulting firm that is serving in this role and assisting our internal team with the primary
responsibility of overseeing our cybersecurity measures and risks.

The
day-to-day responsibility for assessing, monitoring and managing our cybersecurity risks resides with our IT team. Across the IT team
we have employees who have in-depth knowledge and decades of cybersecurity industry experience, including prior experience with developing
and overseeing cybersecurity polices and processes for companies required to comply with NIST SP800-171, cybersecurity standards for
companies that store sensitive unclassified information on behalf of the United States government, and former Ibeo employees having experience
with TISAX compliance. Yet, we recognize the evolving and increasing threat that cybersecurity will have on our operations. As part of
our long-term growth strategy, we expect to establish a dedicated cybersecurity team to oversee our cybersecurity risk management.

The
IT Team Director regularly meets with the Chief Financial Officer and as appropriate the Chief Executive Officer to discuss cybersecurity
risks. This ensures that management is informed about our current cybersecurity measures and aware of any potential risks facing our
operations. In the event of a cybersecurity incident, we have put in place a reporting structure to inform the Chief Financial Officer,
Chief Executive Officer and General Counsel promptly of any incident so that they may assess the appropriate response to the incident
and any reporting concerns that may be triggered by the incident.

20

ITEM
2. PROPERTIES

In
September 2021, we entered into a lease on approximately 16,681 square feet of space located in Redmond, Washington that we use primarily
for product testing and lab space. The lease provides for an initial term of 128 months that commenced November 1, 2021.

In
September 2021, we entered into a second lease on approximately 36,062 square feet of space located in Redmond, Washington that we use
primarily for general office space. The lease provides for an initial term of 120 months and commenced on December 1, 2022.

In
December 2023, we entered into a lease on approximately 60,000 square feet of space located in Hamburg, Germany that we will use primarily
for general office space and product testing. The lease provides for an initial term of 60 months and commenced on November 1, 2024.

We
believe that our facilities are adequate to meet our needs for the