Seval Oz Joins MicroVision Board of Directors, Director Bernee D. L. Strom Steps Down
“We are fortunate to add
“I am thrilled to join the MicroVision board of directors at this opportune time. I am excited to bring my expertise and experience in autonomous vehicle technology and mobility to the Company as it develops its automotive lidar technology and explores strategic alternatives,” said
“I have enjoyed my work with the board and management and feel I can confidently step down to continue work with my other boards and philanthropic activities,” said
“Bernee has been a valuable member of our board and has been a significant contributor to the vision and strategy of the Company,” stated
MicroVision is a pioneering company in MEMS based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software into its proprietary technology to address existing and emerging markets. Our integrated approach uses our proprietary technology to provide solutions for automotive lidar sensors, augmented reality micro-display engines, interactive display modules and consumer lidar modules.
MicroVision is a trademark of
Certain statements contained in this release, including those relating to benefits of adding a new board member, development of Company technology, pursuit of strategic alternatives, maximizing the value of Company technology, product applications and statements using words such as “believe” and “opportune” are forward-looking statements that involve a number of risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those projected in such forward-looking statements include the risk that the Company may not succeed in finding licensing or other strategic solutions, including a potential sale of the Company, with acceptable timing, benefits or costs; our ability to operate with limited cash or to raise additional capital when needed; market acceptance of our technologies and products or for products incorporating our technologies; the failure of our commercial partners to perform as expected under our agreements, including from the impact of COVID-19 (coronavirus); our ability to identify parties interested in paying any amounts or amounts we deem desirable for the purchase or license of intellectual property 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 and develop partnership opportunities; 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; our ability to maintain our listing on
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Source: MicroVision, Inc.