MicroVision Announces Retirement of Board Member Yalon Farhi
March 24 2021 - 4:05PM
MicroVision, Inc. (NASDAQ: MVIS), a leader in MEMS based solid
state automotive lidar and micro-display technology for augmented
reality, today announced that Yalon Farhi will not stand for
re-election to the board of directors and will step down when his
current term expires at the Company’s 2021 annual meeting of
shareholders.
Yalon Farhi joined the Board in September 2016 and is stepping
down to pursue personal business interests. Farhi, a Colonel in the
Israeli Defense Forces (reserves), has served as a motivational
lecturer and educator at Bnei-David Institutions, a pre-army and
post-army educational program in Israel and has served on the board
of directors of DarioHealth Corp., a provider of digital health
services and dynaCERT, Inc. a Canadian company that provides carbon
reduction technology for internal combustion engines.
“Yalon Farhi has been a valuable member of the board since he
joined in 2016,” said Brian Turner, Chairman and Independent
Director at MicroVision. “We have benefitted from Yalon’s expertise
in international business and appreciate his insight and
contributions to the board and the Company. I have enjoyed working
with him and wish him well on his future pursuits.”
“I am grateful to have been able to serve on the MicroVision
board and contribute to the evolution of the Company,” said Yalon
Farhi. “I will miss working with my fellow board members and
management but believe the time is right to not stand for
re-election and retire from the Board when my term ends to enable
me to focus on personal business opportunities. I remain excited
about the Company’s future.”
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. The Company’s
integrated approach uses its 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
related to the Company’s future and product applications 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; its ability to operate with limited cash or to
raise additional capital when needed; market acceptance of its
technologies and products or for products incorporating its
technologies; the failure of its commercial partners to perform as
expected under its agreements, including from the impact of
COVID-19 (coronavirus); its ability to identify parties interested
in paying any amounts or amounts that the Company deems desirable
for the purchase or license of intellectual property assets; its or
its customers’ failure to perform under open purchase orders; its
financial and technical resources relative to those of its
competitors; its ability to keep up with rapid technological
change; government regulation of its technologies; its ability to
enforce its intellectual property rights and protect its
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 its products; potential product liability claims; its
ability to maintain its 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
the Company. 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 the Company to a greater extent than
indicated. Except as expressly required by federal securities laws,
the Company undertakes 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
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