MicroVision Receives Nasdaq Global Market Listing Deficiency Notice

  MicroVision Receives Nasdaq Global Market Listing Deficiency Notice

Business Wire

REDMOND, Wash. -- March 1, 2013

MicroVision, Inc. (NASDAQ:MVIS) announced today that it received a notice on
February 26, 2013, from The Nasdaq Stock Market advising the company that for
30 consecutive business days preceding the date of the notice the company was
not in compliance with the $50,000,000 minimum market value of listed
securities required for continued listing on The Nasdaq Global Market pursuant
to Nasdaq's listing requirements. In accordance with Nasdaq's listing rules,
the company has 180 calendar days, or until August 26, 2013, to regain
compliance with this requirement. This notification is simply a notice of
deficiency, not of imminent delisting, and has no current effect on the
listing or trading of MicroVision's common stock on The Nasdaq Global Market.

During the 180 day compliance period, MicroVision can regain compliance if the
market value of its listed securities closes at $50,000,000 or more for a
minimum of 10 consecutive business days. The company could also regain
compliance with Nasdaq’s continued listing requirements by reporting
stockholders’ equity of $10 million or more. If the company does not regain
compliance by August 26, 2013, Nasdaq will notify the company that its
securities are subject to delisting.

The company outlined its business objectives for 2013 and 2012 business
results in its recent earnings press release and related conference call. The
key objectives for the year included: securing customer commitments under the
company’s licensing business model, strengthening its supply chain to enable
customers to bring products to market and aggressively managing cash used in
operations. The company believes the best way to regain compliance is to
successfully execute on its strategy.

About MicroVision

MicroVision is the creator of PicoP® display technology, an ultra-miniature
laser projection solution for mobile consumer electronics, automotive head-up
displays and other applications. MicroVision’s patented display technology
helps OEMs break down display boundaries and offer enhanced visibility to
mobile experiences. Nearly two decades of 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 is also
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 relating to
MicroVision's expectations, intentions or strategies, 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. These risks and uncertainties include, but are not limited to, the
risk that MicroVision may not regain compliance with the continued listing
standards of the Nasdaq Stock Market; capital market risks; our ability to
raise additional capital when needed; 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 our Annual Report on Form 10-K and Quarterly
Report on Form 10-Q 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.

Contact:

MicroVision, Inc.
Dawn Goetter, 425-882-6629 (investors)
or
Edelman
Callie Snyder, 503-471-6816 (media/PR)
 
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