Pioneer’s 2013 CYBER NAVI Uses MicroVision Technology to Project Augmented Reality

  Pioneer’s 2013 CYBER NAVI Uses MicroVision Technology to Project Augmented
  Reality

 Groundbreaking product now with updated features and one of the first to use
                             direct green lasers

Business Wire

REDMOND, Wash. -- August 15, 2013

MicroVision, Inc. (NASDAQ:MVIS), a leader in innovative ultra-miniature
projection display technology, is pleased to recognize and congratulate
Pioneer Corporation on its introduction of a new CYBER NAVI Car Navigation
System for the Japanese market. The product incorporates MicroVision’s
next-generation HD PicoP^® display technology based on direct green lasers
(PicoP^® Gen2) to offer drivers a new way to experience data on the road.

According to a recent press release issued by Pioneer, its Carrozzeria CYBER
NAVI has always pursued a spirit of innovation and industry leadership to
create new value. The CYBER NAVI, the world’s first head-up display (HUD) to
project augmented reality information in front of the windscreen and the
world’s first onboard HUD to use lasers, now has new “Smart Loop” eye
information sharing service. A recent Engadget review of the product described
the enhancement for drivers as “giving them a crowdsourced glimpse of any
trouble that lies ahead.”

The display engine based on PicoP^® display technology embedded in the CYBER
NAVI HUD delivers bright, clear, full-color images viewable in daylight from a
small form factor with low power requirements. Pioneer’s video demonstrates
how the driver’s augmented reality experience is aided by the brightness of
the projected display achieved with PicoP^® display technology. Watch the
latest Pioneer AR HUD video on You Tube now.

Pioneer was the first customer under MicroVision’s “Image by PicoP^®”
ingredient brand business model, and the CYBER NAVI HUD was the first
commercial product based on MicroVision’s PicoP^® Gen2 display technology when
it debuted in Japan in July, 2012. The product was also one of the first to
use direct commercial green lasers.

About MicroVision

MicroVision provides the PicoP® display technology platform designed to enable
next-generation display and imaging products for consumer devices, vehicle
displays and wearable displays. The company’s patented PicoP display
technology combines a MEMS scanning mirror with highly efficient laser light
sources to create vivid images with high contrast and brightness.

MicroVision is an independently recognized leader in the development of
intellectual property. MicroVision has been recognized by IEEE as a top 20 IP
portfolio among all global electronics companies, and the top U.S. Company in
the rankings. MicroVision’s intellectual property portfolio has also been
recognized by the Patent Board, in association with the Wall Street Journal,
as a top 50 IP portfolio among all global industrial companies. The Patent
Board has developed more than 50 indicators that track global patent activity
relating to companies’ innovation, technology, and science strengths.
MicroVision’s intellectual property portfolio is further recognized by having
been included in the Ocean Tomo 300 Patent Index. The Index is priced and
published by the NYSE Euronext (NYSE:OTPAT). The Index is objectively based on
the value of corporate intellectual property.

For more information, visit us on:

Website: www.microvision.com

Blog: www.microvision.com/displayground

Twitter: www.twitter.com/microvision

Facebook: www.facebook.com/MicrovisionInc

YouTube: www.youtube.com/mvisvideo

Forward-Looking Statements

Certain statements contained in this release, including those relating to
future products and technology, 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 license of IP assets;
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:

MicroVision, Inc.
Dawn Goetter, 425-882-6629 (investors)
or
Edelman
Rachel Weikum, 503-471-6840 (media/PR)