Company Overview. April 27, 2018 COPYRIGHT ALL RIGHTS RESERVED. 1 MICROVISION, INC.

Size: px
Start display at page:

Download "Company Overview. April 27, 2018 COPYRIGHT ALL RIGHTS RESERVED. 1 MICROVISION, INC."

Transcription

1 Company Overview April 27, MICROVISION, INC.

2 Safe Harbor Statement The statements and graphics in this presentation that are not historical facts, including statements regarding our future business strategy, future products and technology development, market growth and technology adoption, financial growth, and plans and objectives for future operations, are forward-looking statements. Such forward-looking statements are inherently uncertain and necessarily involve risks that may affect MicroVision s business prospects and performance, causing actual results to materially differ from those discussed during the presentation. 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 technology 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 for the year ended December 31, The forward-looking statements in this presentation speak only as of the date of this presentation, and, except as expressly required by the federal securities laws, MicroVision undertakes 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. 2 MICROVISION, INC.

3 Innovative developer of PicoP scanning technology Addressing large emerging market opportunities Experienced management team Over 500 patents issued and pending NASDAQ: MVIS Core System IP Developed and continuously matured Embedded Software Embedded MEMS and Laser Control. Best in class Firmware. Machine Learning. Custom ASIC + MEMS Enables unique applications Custom Hardware Allows MVIS to develop unique solutions that are difficult to replicate Advanced Manufacturing Allows us to compete with fabless and CM models 3 MICROVISION, INC.

4 Management Team Professional Role Prior Experience Perry Mulligan CEO Steve Holt CFO Sumit Sharma VP Product Engineering & Operations Dale Zimmerman VP Strategic Programs David Westgor VP General Counsel 4 MICROVISION, INC.

5 Targeting Large Emerging Technologies IoT Products Interactive Projection For AI Platform Consumer LiDAR Smart Home & Security VR Content Generation Automotive LiDAR Active Collision Avoidance HD Mapping AR+MR+VR Optical Engine for Binocular Headset Large Field of View High Resolution 5 MICROVISION, INC.

6 Targeting Large Emerging Technologies IoT Products Interactive Projection For AI Platform Amazon Echo has shipped 20M+ units 1 Google Home sold 6.8M units in 2017 holiday season alone 2 1 Voicebot.AI October 12, Business Insider January 5, MICROVISION, INC.

7 Targeting Large Emerging Technologies Consumer LiDAR Smart Home & Security 38M (30%) US homes will have a security system by Parks Associates August MICROVISION, INC.

8 Targeting Large Emerging Technologies Automotive LiDAR Active Collision Avoidance HD Mapping ~80M cars and trucks sold annually world wide 1 ~35K annual US automobile fatalities, 2.3M injured or disabled costing $230B 2 1 CNBC.com January ASIRT.org 8 MICROVISION, INC.

9 Targeting Large Emerging Technologies AR/VR headsets projected to grow from 10.3M units in 2016 to 75M by AR+MR+VR Optical Engine for Binocular Headset Large Field of View High Resolution 1 IDC World Wide Quarterly Augmented and Virtual Reality Headset Tracker, December 15, MICROVISION, INC.

10 Enabling users to naturally interact with emerging technologies through sight, touch, gestures and perception 10 MICROVISION, INC.

11 11 MICROVISION, INC.

12 12 MICROVISION, INC.

13 13 MICROVISION, INC.

14 14 MICROVISION, INC.

15 15 MICROVISION, INC.

16 16 MICROVISION, INC.

17 How Our LiDAR Technology Works for Interactivity X,Y location of object known because of knowledge of MEMS pointing angle Z determined by Time-of-Flight IR Photodiode 2D MEMS Micro mirror Red laser IR laser Blue laser Green laser 17 MICROVISION, INC.

18 IoT Products: Today s Offerings Have Limited Interfaces Audio-only agents have a narrow useful interface Services cannot include complex interactions making search and service delivery harder Monetization with voice-only commands limited to simple native transactions and enterprise transactions Most Echo users use only a few simple skills not tied to monetization Companies are looking for ways to improve monetization from their devices and platforms 18 MICROVISION, INC.

19 Our IoT Value Proposition MicroVision s technology provides Sight, touch, gestures and perception to voice enhancing consumer usage of Virtual Digital Assistants (VDA) Integrated hardware and software module with machine learning algorithms Low latency and low power requirements High reliability and easy integration Unlocks opportunities for our customers to increase monetization of their VDAs 19 MICROVISION, INC.

20 Consumer LiDAR: Intelligent Distinctions Possible LiDAR systems make important distinctions Differentiate between a person smoking and a fire Determine authorized and unauthorized entrants Spot potential danger toddler moving toward the door or stove 20 MICROVISION, INC.

21 Our Consumer LiDAR Value Proposition Low cost, high accuracy that is easy to integrate into security systems, smart home and AI platforms Enable the next level in smart home security and home automation where valuable safety, comfort and security information is available Gives the smart home the ability to anticipate Enables commercial conference room management 21 MICROVISION, INC.

22 Automotive LiDAR: Improved Safety Active collision avoidance can increase safety dramatically Level 3 and Level 4 capable autonomous vehicle ISO fault detection isolation and recovery specifications of ASIL D required Current systems are limited by Low resolution High latency Requires heavy computing Poor aesthetics due to power and size Expensive Create high definition street map of all urban areas (~81% of US population covered) 22 MICROVISION, INC.

23 Our Automotive LiDAR Value Proposition High resolution Perceptive LiDAR Decreases latency Improves object recognition Supports active collision avoidance applications Small size preserves automobile aesthetics Low cost 23 MICROVISION, INC.

24 Augmented, Mixed, Virtual Reality: Requirements Requirements for a successful system High definition, high frequency display Large field of view Small size Light weight Ability to transpose virtual content over reality has tremendous industrial and entertainment value 24 MICROVISION, INC.

25 Our AR/MR/VR Value Proposition Our optical engine High definition, high frequency display Large field of view Small size and weight Low persistence Can be incorporated in the systems of multiple OEMs Display engine can be incorporated into an OEM s ecosystem Two successful AR/VR development contracts completed in MICROVISION, INC.

26 Paths to Enhanced Shareholder Value MicroVision Primary revenue path, productizing our technology with development of new MEMS based module for our customers. Direct B2B sales and marketing activities Integrated Software and Hardware Module Sale Integrated MEMS Based Hardware and Software Solutions for our Customers Exclusive Development of Modules and Components Develop and launch custom MEMS, ASIC and integrated modules for customers License specific modules for mass market launch License Modules to OEM + ODM Engineering Services for Reference design Hardware, software and advanced manufacturing services, to support launch of licensed modules 26 MICROVISION, INC.

27 Company Highlights Addressing large emerging market opportunities IoT Consumer LiDAR Automotive LiDAR AR/MR/VR Innovative developer of PicoP scanning technology Strong intellectual property Experienced management team 27 MICROVISION, INC.

28 Thank You 28 MICROVISION, INC.