We plan to continue focusing on executing our business plan of securing design wins and entering into licensing agreements with OEMs. We believe that by executing the fundamentals of our plans, we can regain compliance within the 180 day period as we have done in the past.
We believe MicroVision is positioned for growth because of several key factors:
-Transition to a business model that is structured to license technology, receive royalties, and sell key components.
-Maturation of direct green laser technology that offers cost, performance, and size conducive to most markets.
-Availability of PicoP® Gen 2 technology that highlights performance, size and cost advantages of patented PicoP® display technology.
-Strong intellectual property portfolio.
-Mobile ecosystem maturation and global interest in the pico projection markets.
-Consistent performance since our business model transition and restructuring in 2012 including aggressive management of costs and cash used in operations in line with our goals.