MicroVision Enhances Executive Team, Names New Chief Financial Officer and New Vice President of Marketing and Business

  MicroVision Enhances Executive Team, Names New Chief Financial Officer and
  New Vice President of Marketing and Business Development

 The Addition of Stephen Holt and Michael Franzi Sets Stage for Next Phase of
                             MicroVision’s Growth

Business Wire

REDMOND, Wash. -- April 23, 2013

MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature
projection display technology, today announced new additions to its leadership
team including the appointment of Stephen P. Holt, Chief Financial Officer.
Michael J. Franzi also recently joined MicroVision as Vice President of
Marketing and Business Development to lead the strategic marketing and
customer acquisition activities for the company.

Holt brings more than 20 years of global financial management and operations
experience with public and private companies across multiple industries
including consumer electronics, transportation and software. He most recently
served as Chief Financial Officer at PixelOptics where he played a lead role
in bringing the company’s first electronic focusing eyewear product to market.
At this venture capital-backed start-up, Holt raised capital and negotiated
strategic partner agreements to license technology in addition to implementing
policies and procedures to create an infrastructure capable of supporting
rapid growth while maintaining a strong internal control environment. Holt is
expected to help MicroVision accelerate its strategic growth initiatives,
enhance operations and optimize profitability.

Franzi brings more than 30 years of leadership in marketing and business
development for global technology companies and has deep expertise in
licensing, most recently as vice president and general manager of the Sonic
Focus product line at Synopsys Inc. In this position he was responsible for
business development, product marketing and applications support for the
licensing of intellectual property and technology across international
markets. Prior to Synopsys Inc., Franzi was vice president of global licensing
and business development for SRS Labs, Inc. where he led intellectual property
and licensing initiatives. Franzi is focused on expanding MicroVision’s market
presence through strategic definition and execution of MicroVision’s
go-to-market activities for PicoP® display technology under the company’s
licensing business model.

“We are excited to welcome Steve and Michael to MicroVision. These two
seasoned executives bring valuable expertise to our team that aligns well with
our ingredient brand licensing business model and culture,” said Alexander
Tokman, president and CEO of MicroVision. “Our leadership team’s expertise and
innovative ways to drive improvements in execution and profitability will be
invaluable in helping to support our plans for growth.”

Holt and Franzi join Dale Zimmerman, Vice President of Research and
Development, and Thomas Walker, Executive Vice President, Corporate, on the
company’s executive team. Zimmerman has extensive experience in the display
industry and broad experience developing and bringing innovative technologies
to market. He was one of the pioneers at Texas Instruments who brought DLP
technology to market. Walker has a long tenure with MicroVision where he has
been integrally involved in negotiating development and licensing deals in
addition to leading the acquisition of IP from Motorola in 2010. More recently
his role was broadened and includes optimizing the monetization strategy and
execution of the company’s highly regarded patent portfolio.

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
growth, future product and technology development and sales, and those
containing words such as “expects,” are forward-looking statements that
involve a number of risks and uncertainties. Factors that could cause actual
results to differ materially from those projected in the company's
forward-looking statements include the following: our ability to raise
additional capital when needed; products incorporating our PicoP display
engine may not achieve market acceptance, commercial partners may not perform
under agreements as anticipated, we may be unsuccessful in identifying parties
interested in paying any amounts or amounts we deem desirable for the purchase
or license of IP 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; 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 the company's Annual Report on Form 10-K 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:

Investors:
MicroVision, Inc.
Dawn Goetter, 425-882-6629
or
Media/PR:
Edelman
Joani Jones, 503-471-6863
 
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