Microvision, Inc. (NASDAQ:MVIS) announced it is showcasing the capabilities of three display and sensing engines that the company plans to introduce in 2017 and 2018 at CES 2017 in Las Vegas, January 5-8, 2017.
MicroVision announced last year that it is planning to offer three display and sensing engines based on the ability of its patented PicoP scanning technology to enable projected display, interactivity and 3D sensing for a wide range of products and applications. The company has prepared demonstrations of the capabilities of all three engines that it will be featuring in its meeting suites at CES.
MicroVision will be featuring samples of its small form factor display engine, model PSE-0403-101, highlighting how this engine which has a volume of less than 12 cubic centimeters and is only six millimeters in width, can be embedded into a number of small, portable devices like smartphones, tablets, media players and other smart IOT devices.
MicroVision will also be featuring an interactive display prototype that combines display functionality with 3D sensing that enables a natural gesture recognition feature for consumer products. The interactive display engine enables user experiences where touching a projected image is processed by the system in the same way as interacting with a touchscreen on a smartphone or tablet. Samples of interactive display engines the company is developing, model PSE-0403sti-101, are expected to be available in the second quarter of this year with production units targeted for the third quarter.
MicroVision will also demonstrate a prototype 3D sensing mid-range LiDAR system at CES. Viewers will be able to see the real time capture of moving targets with little to no difference in the color map for white and black objects at the same distance. MicroVision is developing a sensing engine, PSE-0403Li-101, for mid-range LiDAR and expects to have samples of this engine in the second half of 2017 and be ready for mass production in the first half of 2018. (Original Source)
Shares of Microvision are currently trading at $1.33, up $0.04 or +3.40%. MVIS has a 1-year high of $3.08 and a 1-year low of $0.89. The stock’s 50-day moving average is $1.36 and its 200-day moving average is $1.45.
On the ratings front, Oppenheimer analyst Andrew Uerkwitz reiterated a Hold rating on MVIS, in a report issued on December 22. According to TipRanks.com, Uerkwitz has a yearly average return of 5.5%, a 51% success rate, and is ranked #633 out of 4351 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.