Microvision jumps after Apple patent gets ink
Sep 30 2014, 12:17 ET | By: Eric Jhonsa, SA News Editor
Microvision (MVIS +11.1%) has spiked higher over the last 20 minutes of trading. The apparent trigger: A Patently Apple column noting Apple has received a patent for a holographic display that could be used in future Macs or iDevices.
The patent describes a solution that can "provide a three-dimensional viewing and interacting experience, without the requirement of a reflective medium or wearing 3D glasses."
Of note: Apple obtains patents for numerous technology concepts, many of which never get commercialized.
Sentiment: Strong Buy
"the only confirmed consumer electronic device that is known to use the PICOP engine from Microvision"
Has this been verified? Did I miss something?
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9/22/2014. • Optical Systems Engineer* (8608)
Redmond, Washington, United States
I've sent the video of the AirPico to some friends who have been waiting for something like this and they liked what they have seen so far. I think it will be a hit. People are always looking for something new to buy for Christmas. If they put this on QVC, it would sell out in a flash.
Thank you, Peter. It's so nice to read about something other than HUD....LOL! Maybe we will have a nice surprise on the 9th? Wouldn't that be nice!
By Parke Shall
Microvision (NASDAQ:MVIS) stock got a boost last week due to news of the company obtaining $1.9M in new component orders from an agreement it had signed in April of 2013.
The company, which develops micro sized projection displays, has had a great 2014 so far, up 60.5% from prices it started the year at. Over a longer term period the company's stock has fallen sharply, but some would argued that the company's focus on R&D over the past few years has them at a jumping off point. The company is working with Sony, which many analysts see as a potential catalyst for them making significant revenue moving forward. Sony had previously announced that it was developing an HD resolution pico projector module that uses MicroVision's technology.
Other contributors have made bullish notes about this partnership:
One recent market research report forecasts that the pico projector segment will experience significant growth exceeding 40% compounded annually over seven years to reach $10 billion by 2020.
Thus, it is evident that the Sony deal will be a pivotal and company defining transaction in determining its future success. Assuming a business contract with Sony is finalized and announced before the end of 2014, along with their decision to also support volume product manufacturing by then, it is logical to assume MVIS would begin recording component sales no later than Q2 2015 and possibly as early as Q1 2015 to reach commercial status.
Another PR, which announced a deal to work with a Fortune 500 company and went out in June 2014, has had people speculating as to whether or not Microvision could find itself a beneficiary of the mobile and tablet market.
Before that, the last time Microvision had a positive catalyst was when, on June 9th, SA Pro author Chris Katje published a piece claiming there were multiple catalysts for the company looking forward. On July 1st, the company gained on reports of being mentioned in a Microsoft heads-up display patent filing.
On the negative side, the company has received criticism that its projectors lack the brightness and contrast as some of its competitors. Some of these complaints are addressed in an earlier Seeking Alpha piece here.
The company has meanwhile brought down its cash burn to roughly $12.5 million and has a cash position ($12.5 million as of 6/30) to allow the company to keep conducting its business through 2015, when it's estimated that the company might start to see the reflection of its technology being used in mobile devices and tablets.
While MVIS is expected to perform another financing heading into 2015, the company is still worth a speculative look based on any conceptualization of its products in mobile. This would be a potentially huge upside catalyst.
Of course, with any financing will likely come dilution, which can be a challenge for companies at the micro-cap level. The company's shares outstanding has increased seven fold in the last 3 years alone.
Combined with the $1.9 million in orders that the company has announced, there's plenty of reason to keep one eye on Microvision heading into the new year. We're keeping Microvision on our watch list, and we currently rate it as a hold.
Reply to The next 'smart thing' - This article was posted on 09/10/2014 by geoffreyporter •Sep 13, 2014 4:31 AM
geoffreyporter • Sep 13, 2014 10:13 AM
bTendo and STMicroelectronics to release worlds smallest pico projector soon
Posted by admin on Jan 3, 2014
The optical engine is tiny indeed – only 1.7cc (5mm high). In the photos you can see the engine together with the core board. ST also showed a complete HDMI projector prototype – which is only 8cm x 4cm x 6mm, with most of the space taken by the battery. This projector is basically the size of a credit card only thicker…
ST 720p laser pico projector parts photo
ST says they are ramping up production and products that integrate those engines are expected “very soon”. ST’s projector use a direct green laser.
by joe_spaz2003 • Aug 14, 2014 10:25 PM Flag
Director Supply Chain Management at MicroVision
Notice the last part of his ongoing work at MicroVision:
Director Supply Chain Management
April 2011 – Present (3 years 5 months)Redmond, Washington
Start up company specializing in proprietary patented PicoP laser projection engines featuring 1 mm MEMS electro magnetic powered scanning mirror (MEMS die and higher level assembly process) controlled with two custom ASICS that tune proprietary designed RGB Laser module up to 2,000 raster patterns a second.
Directly responsibe for 2 Generation’s Business and Operations NPI program management issues with ODM partners that manufacture the MEMS die and perform final assembly of the Product. First generation launched and successfully sold 30,000+ units to Pioneer Corporation in 2012. Currently in launch process of next generation with new die fab (ST Microelectronics MV) and assembly partners. Includes day to day management of 2 in Asian theater team members.
: ) Less Less
Here is one link, Joe will have to provide the other... Thanks, Joe!
Sentiment: Strong Buy
For those who can actually afford the RangeRover, $1,700 is a drop in the bucket. Most people will lease this vehicle, keep it for a year or two and get another. I remember shopping for a car, when I started to drive and they were charging $900 additional for air-conditioning. It seems like a lot of money, but when you break it down into monthly payments, you don't even feel it.
For just about anything they can dream-up to put them in, e.g., HUD, mail scanning, gaming, pico projectors, medical, embedded in phones. Go to youtube and search MicroVision, Inc., for some history. Go to their website.