Microvision Announces $1M Contract Award from Lockheed Martin Corporation to Develop Low-Profile See-Through Eyewear Displays

REDMOND, Wash.--(Business Wire)--
Microvision, Inc. (NASDAQ: MVIS) announced today that it has been awarded a
$1,000,000 subcontract by Lockheed Martin Corporation. This subcontract is part
of DARPA`s Urban Leader Tactical Response, Awareness & Visualization (ULTRA-Vis)
program, an advanced technology development initiative, whose objective it is to
build a soldier-worn system that provides non-line-of-sight command and control
in distributed urban operations for dismounted warfighters. Under the
subcontract, Microvision will develop a daylight-readable, see-through,
low-profile, ergonomic eyewear display.

DARPA has created the ULTRA-Vis program to bring real-time tactical see-through
heads-up information to ground soldiers in order to increase their safety and
situational awareness in urban environments. Although tactical information is
available to ground soldiers today, existing head-mounted displays and legacy
system architectures have prevented this information from being delivered in a
low-profile, see-through iconic mode. When integrated to an advanced information
management system, Microvision`s eyewear display could enable users to receive
visual commands, view geo-registered iconic representations, and receive other
full-color image content overlaid on their view.

"Microvision is very pleased to work with Lockheed Martin to advance the
development of see-through eyewear displays in support of the DARPA ULTRA-Vis
program," said Ian Brown, Microvision`s Vice President of Sales and Marketing.
"By designing Microvision`s ultra-miniature PicoP Display Engine and our thin,
clear Substrate Guided Relay (SGR) Optics into a wearable display, we have the
potential to bring battery operable, low-profile, see-through, full-color
eyewear displays to users. This eyewear display development could enable
information content to be overlaid in the user`s field-of-view in operational
environments, providing a critical information advantage. Additionally, this
display could be used in other applications, where real-time content is needed
to improve situational awareness, such as combat support and logistics."

About Microvision

Microvision provides the PicoP display technology platform designed to enable
next-generation display and imaging products for pico projectors, vehicle
displays, and wearable displays that interface with mobile devices. The company
also manufactures and sells its bar code scanner product line which features the
company's proprietary MEMS technology. For more information, visit our website
at www.microvision.com and our corporate blog at
www.microvision.com/displayground.

Forward-Looking Statement

Certain statements contained in this release, including those relating to
product development, potential product benefits, and statements using words such
as "expect", "potential" and "could" 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: capital market risks, our ability to raise
additional capital when needed; market acceptance of our technologies and
products; our financial and technical resources relative to those of our
competitors; our ability to keep up with rapid technological change; our
dependence on the defense industry and a limited number of government
development contracts; 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 and other filings, including the Company's Annual Report on Form 10-K
filed with the SEC. Except as expressly required by the 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.

Microvision, Inc.
Media
Matt Nichols, 425-882-6657
Investors
Tiffany Bradford, 425-936-6847

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