MicroVision Collaborates with Ragentek on VOGA V Smartphone with Embedded Pico Projector
June 28 2017 - 9:00AM
Business Wire
MicroVision supplying the display engines for
new innovative smartphone to be available in China
MicroVision, Inc. (NASDAQ:MVIS), a leader in innovative
ultra-miniature projection display and sensing technology, today
announced that its PicoP® scanning engine for projected display is
part of a new VOGA V flagship smartphone just announced at Mobile
World Congress Shanghai by Ragentek.
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View the full release here:
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VOGA V Laser Projector Phone with PicoP
Scanning Technology (Graphic: Business Wire)
Ragentek, a Chinese-based smartphone manufacturer and solution
company with top selling phones in China, India, Brazil and other
countries, placed a $6.7 million order with MicroVision in March
2017 for a customized display engine, PSE-0403-103, to be embedded
in its VOGA V smartphone. Ragentek plans to begin pre-orders for
the phone immediately with delivery starting in July. To support
Ragentek’s schedule, MicroVision began shipping engines at the end
of June and will begin volume shipments in July.
“Ragentek has done an amazing job designing the VOGA V
smartphone. It is a sleek, high performance product that addresses
the consumer’s desire for slim, compact smartphones while at the
same time maximizing functionality for watching video with a large,
projected image,” said Alexander Tokman, President and Chief
Executive Officer of MicroVision. “As soon as we began talks with
the Ragentek team it was clear that they had a vision for the type
of product they wanted to bring to market and a plan for getting
there. We are extremely pleased they chose to partner with us and
embed our PicoP scanning engine in the VOGA V.”
“When we came to MicroVision with our ideas for this product,
their ability to work their engine design around our product design
was a key factor in getting this product to market quickly. The
mobile-first features of PicoP scanning technology such as
always-in-focus images, lower power consumption and small module
size were essential for us to maintain our phone design and
performance standards while still extending the functionality to
include high definition projected large screen images,” said
Jiaming Le, Chief Executive Officer of Ragentek. “Our target
customers want to have it all in a smartphone and today that means
a device that is optimized for video viewing. With this engine from
MicroVision, we are excited to offer a cutting-edge solution that
will give our customers an experience beyond what they might expect
from simply increasing the built-in screen a few centimeters.”
For its smartphone design, Ragentek required an electronics
board layout that varied from the standard form of MicroVision’s
PSE-0403-101 display engine. MicroVision was able to quickly design
an engine that met the requirements and could be manufactured by
MicroVision’s supply chain partner. This engine, PSE-0403-103, uses
the same MEMS and ASICS1 components as the standard MicroVision
PSE-0403-101 engine and has the same performance characteristics,
including an always-in-focus, high definition image from a small,
low power engine. The flexibility to meet Ragentek’s specific
design requirements together with the performance that is optimized
for a mobile product were key factors for MicroVision winning this
business.
1 Micro-electrical mechanical systems (MEMS) and
Application-specific integrated circuits (ASICS)
About MicroVision
MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the
laser beam scanning methodology pioneered by the company.
MicroVision's platform approach for this advanced display and
sensing solution means that it can be adapted to a wide array of
applications and form factors. It is an advanced solution for a
rapidly evolving, always-on world. MicroVision’s business model and
product line offering includes display and sensing engines,
licensing its patented technology and selling components to
licensees for incorporation into their scanning engines.
Extensive research has led MicroVision to become an
independently recognized leader in the development of intellectual
property. MicroVision’s IP portfolio has been recognized by the
Patent Board as a top 50 IP portfolio among global industrial
companies and has been included in the Ocean Tomo 300 Patent Index.
The company is based in Redmond, Wash.
For more information, visit the company’s website at
www.microvision.com, on Facebook at www.facebook.com/MicroVisionInc
or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Forward-Looking Statements
Certain statements contained in this release, including those
using words such as plans, expects or similar words and those
relating to shipping schedules, future product and product
applications are forward-looking statements that involve a number
of risks and uncertainties. Factors that could cause actual
results to differ materially from those projected in the company's
forward-looking statements include the following: our ability to
raise additional capital when needed; products incorporating our
PicoP® scanning technology may not achieve market acceptance,
commercial partners may not perform under agreements as
anticipated, we may be unsuccessful in identifying parties
interested in paying any amounts or amounts we deem desirable for
the purchase or license of IP assets, our or our customers failure
to perform under open purchase orders; our financial and technical
resources relative to those of our competitors; our ability to keep
up with rapid technological change; government regulation of our
technologies; our ability to enforce our intellectual property
rights and protect our proprietary technologies; the ability to
obtain additional contract awards; the timing of commercial product
launches and delays in product development; the ability to achieve
key technical milestones in key products; dependence on third
parties to develop, manufacture, sell and market our products;
potential product liability claims; and other risk factors
identified from time to time in the company's SEC reports,
including the company's Annual Report on Form 10-K filed with the
SEC. Except as expressly required by federal securities laws, we
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, changes in circumstances or any other reason.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20170628005065/en/
MicroVision, Inc.Investors:Dawn Goetter,
425-882-6629ir@microvision.comorMedia:Heather Hewit,
732-212-0823heatherh@lotus823.com
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