Seval Oz Joins MicroVision Board of Directors, Director Bernee D. L. Strom Steps Down
March 02 2021 - 8:30AM
MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS based solid
state automotive lidar and micro-display technology for augmented
reality, today announced that Seval Oz has been appointed to its
board of directors and that Bernee D. L. Strom has stepped down as
a Director.
Seval Oz is a recognized global business and
marketing leader in mobility, autonomous vehicle technology and
intelligent transportation systems. Oz was a Founder and CEO of
Aurima, Inc, a multi-sensor awareness platform powered by AI deep
learning for autonomous vehicles. She was previously CEO of
Continental Intelligent Transportation Systems, a division of
Continental AG Interiors Division. She has served as Head of Global
Strategic Partnerships for Google[x]'s Self Driving Cars Program
(Waymo) where she supported global business and marketing efforts
for Google’s self-driving technology commercial launch. In
addition, she is an executive board advisor to automotive industry
leaders and an investment advisor to several investment funds and
holds 10 patents in vehicular technology software. Oz was the
recipient of the Women in Technology Award for Courage and serves
as an advisor to several boards including Pioneer Electronics,
Moove.ai, HealthCorps®, a national health education program for
high schools and Endeavor.Org, a global high-impact
entrepreneurship organization based in NYC. Oz is a frequent
speaker on women’s leadership in technology and serves in an
advisory capacity to multiple automotive industry leaders. Oz
received her MBA from Wharton Business School and her BA from
Wellesley/M.I.T. in economics and political science.
“We are fortunate to add Seval Oz to our board
of directors and look forward to benefiting from her significant
experience working with public companies and technology companies
as well as having her management expertise gained from a long
career in leadership roles,” said Sumit Sharma, Chief Executive
Officer of MicroVision.
“I am thrilled to join the MicroVision board of
directors at this opportune time. I am excited to bring my
expertise and experience in autonomous vehicle technology and
mobility to the Company as it develops its automotive lidar
technology and explores strategic alternatives,” said Seval Oz,
newly appointed Independent Director of MicroVision. “I look
forward to working with Brian, Sumit, board members and the
management team to help the Company maximize the value of its solid
state automotive lidar and micro-display technology.”
Concurrent with Seval Oz joining the board of
directors, Director Bernee Strom decided to step down from the
board.
“I have enjoyed my work with the board and
management and feel I can confidently step down to continue work
with my other boards and philanthropic activities,” said Bernee
Strom. “The Company is well positioned with two new board members
with experience in automotive lidar, mobility and automotive OEM
markets. I believe the Company is on strong footing and I am
excited for MicroVision’s future.”
“Bernee has been a valuable member of our board
and has been a significant contributor to the vision and strategy
of the Company,” stated Brian Turner, Chairman and Independent
Director at MicroVision. “We want to thank Bernee for her hard work
on the board; she will be missed.”
About MicroVision
MicroVision is a pioneering company in MEMS
based laser beam scanning technology that integrates MEMS, lasers,
optics, hardware, algorithms and machine learning software into its
proprietary technology to address existing and emerging markets.
Our integrated approach uses our proprietary technology to provide
solutions for automotive lidar sensors, augmented reality
micro-display engines, interactive display modules and consumer
lidar modules.
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 is a trademark 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 relating to benefits of adding a new board member,
development of Company technology, pursuit of strategic
alternatives, maximizing the value of Company technology, product
applications and statements using words such as “believe” and
“opportune” are forward-looking statements that involve a number of
risks and uncertainties that could cause actual results to differ
materially from those in the forward-looking statements. Factors
that could cause actual results to differ materially from those
projected in such forward-looking statements include the risk that
the Company may not succeed in finding licensing or other strategic
solutions, including a potential sale of the Company, with
acceptable timing, benefits or costs; our ability to operate with
limited cash or to raise additional capital when needed; market
acceptance of our technologies and products or for products
incorporating our technologies; the failure of our commercial
partners to perform as expected under our agreements, including
from the impact of COVID-19 (coronavirus); our ability to identify
parties interested in paying any amounts or amounts we deem
desirable for the purchase or license of intellectual property
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 and develop partnership opportunities; 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; our
ability to maintain our listing on The Nasdaq Stock Market, 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. These factors are not intended to represent a
complete list of the general or specific factors that may affect
us. It should be recognized that other factors, including general
economic factors and business strategies, may be significant, now
or in the future, and the factors set forth in this release may
affect us to a greater extent than indicated. 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.
Investor Relations Contact
David H. AllenDarrow Associates,
Inc.408.427.4463dallen@darrowir.com
A photo accompanying this announcement is available at
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