Microvision, Inc. (NASDAQ:MVIS) announced that Colonel (IDF res.) Yalon Farhi has joined its board of directors. Colonel Farhi’s election expands the number of MicroVision board members to eight.
Colonel Farhi’s career encompasses a wealth of experience that spans serving in the Israeli Defense Forces (IDF), lecturing at Bnei David Institute since 1998, working for an Israeli non-government organization as a lead administrative manager and fundraiser for nearly 20 years and operating a successful business for over 30 years. Colonel Farhi also has acted as a consultant to multiple security companies and is currently a director at DarioHealth Corp. (NASDAQ: DRIO).
“Colonel Farhi will bring new perspectives and insights to the MicroVision board based on his broad, international experience,” saidBrian Turner, Chairman and Independent Director at MicroVision. “We look forward to having his voice and counsel as we progress MicroVision’s business and look to apply PicoP® scanning technology to emerging markets such as 3D sensing and augmented reality.”
“I am pleased to be joining the MicroVision board at this pivotal time in the company’s history. The company’s technology, the breadth of its patent portfolio and its potential to enable multiple applications is impressive,” said Colonel Farhi. “I look forward to sharing my experience with management and my fellow board members to assist the company with execution of its business plan.”
Colonel Farhi is a graduate in Education Studies from Moreshet Yaacov College in Jerusalem and military study in the Israeli Defense Forces. (Original Source)
Shares of Microvision closed yesterday at $1.32, up $0.01 or 0.76%. MVIS has a 1-year high of $3.47 and a 1-year low of $1.30. The stock’s 50-day moving average is $1.46 and its 200-day moving average is $1.74.
On the ratings front, Aegis Capital Corp. analyst Michael Rindos initiated coverage with a Buy rating on MVIS and a price target of $2.90, in a report issued on August 8. The current price target implies an upside of 119.7% from current levels. According to TipRanks.com, Rindos has a yearly average return of 18.0%, a 57.1% success rate, and is ranked #1245 out of 4200 analysts.
MicroVision, Inc. is the creator of PicoP scanning technology, an ultra-miniature laser projection and sensing solution based on the laser beam scanning methodology pioneered by the company. MicroVision’s platform approach for this advanced display and sensing solution means that it can be adapted to a wide array of applications and form factors.