MicroVision and LAKE FUSION Technologies Sign Multi-Year Strategic Partnership Agreement for IRIS Lidar Sensors

LFT's purchase commitment extends throughout 2027 and into 2028 for sensors used in its helicopter awareness systems.

Rhea-AI Summary

MicroVision (MVIS) signed a multi-year partnership with LAKE FUSION Technologies covering purchases of IRIS lidar sensors for helicopter awareness systems. LFT has committed to purchasing sensors throughout 2027 and into 2028 for integration into its AS-1 systems, designed for civil and military helicopter operations.

The agreement follows the companies' June 2026 integration announcement and moves their collaboration from testing and evaluation to a commercial commitment. It establishes a framework covering development, certification, marketing, supply and long-term support of integrated systems. AS-1 integrates two IRIS sensors with software to warn crews of obstacles and environmental hazards. The companies also intend to explore opportunities in ground-based defense, safety and security markets.

3 points · 0 major

PositiveiHow this balance works

How this balance works

Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 0 points

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.LFT committed to purchasing IRIS sensors throughout 2027 and into 2028 for AS-1 integration.
• Minor pointThe multi-year agreement establishes a framework for integrated-system development, certification, commercialization, supply and fleet support.
• Minor point. Forward-looking: it has not happened yet and may not happen.The companies intend to explore ground-based defense, safety and security opportunities.

Negative

• None.

Key Figures

Purchase commitment period: Throughout 2027 and into 2028

Purchase commitment period

Throughout 2027 and into 2028

LFT committed to purchasing IRIS lidar sensors

Key Terms

sensor fusion, lidar, ingaas, class 1 laser

4 terms

sensor fusion technical

"developer of advanced sensor fusion and situational awareness systems"

Sensor fusion is the process of combining data from multiple sensors—like cameras, radar, microphones, or motion detectors—to create a single, clearer picture of what’s happening in the real world. For investors, better fusion means products and systems that are safer, more reliable, or smarter (think a car using several eyes and ears to avoid collisions), which can reduce costs, speed product adoption, and improve a company’s competitive edge.

lidar technical

"a 1550 nm Class 1 eye-safe laser"

Lidar, which stands for Light Detection and Ranging, is a technology that uses laser beams to create detailed, three-dimensional maps of the environment. It works like a sophisticated eye that measures distances by bouncing light off objects, helping machines see and understand their surroundings. For investors, lidar is important because it enables advancements in autonomous vehicles, robotics, and mapping, which can drive innovation and growth in related industries.

ingaas technical

"an ultra-sensitive InGaAs receiver"

InGaAs (indium gallium arsenide) is a semiconductor material used to make sensors that detect near- and short-wave infrared light, similar to how a camera sensor detects visible light but tuned for wavelengths our eyes can’t see. It matters to investors because InGaAs-based detectors are key components in fiber-optic communications, night-vision, LiDAR, and other high-growth technologies; demand and supply for this specialized material can influence costs, product performance, and the competitive position of companies that rely on or produce these sensors.

class 1 laser technical

"a 1550 nm Class 1 eye-safe laser"

A Class 1 laser is a regulatory safety classification for a laser or laser-containing product that is safe under all reasonably foreseeable conditions of normal use, because its accessible emission levels do not exceed established safety limits. The designation is set by laser safety standards (commonly IEC 60825-1 and corresponding national rules) and depends on factors such as wavelength, power, and exposure duration; it does not imply the device has no laser inside, and the classification can change if the device is opened, modified, or viewed with optical instruments that increase retinal exposure.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Partnership progresses from initial testing to commercial deployment, bringing MicroVision's long-range lidar technology to LFT’s advanced airborne situational-awareness solutions

ORLANDO, Fla. and MARKDORF, Germany, Nov. 05, 2026 (GLOBE NEWSWIRE) -- MicroVision, Inc. (NASDAQ: MVIS), a leader in advanced perception solutions for industrial, security and defense, intelligent infrastructure, and automotive mobility, today announced a multi-year strategic partnership agreement with LAKE FUSION Technologies (LFT), a German developer of advanced sensor fusion and situational awareness systems. Under the agreement, LFT has committed to purchasing MicroVision IRIS™ long-range lidar sensors throughout 2027 and into 2028 for integration into its Awareness Systems (AS-1), designed to enhance safety and obstacle detection for civil and military helicopter operations.

The multi-year agreement marks another significant commercial milestone following the companies' June 2026 announcement to expedite the integration of IRIS lidar technology and accelerate the deployment of advanced situational awareness solutions. With testing and evaluation progressing into a formal strategic partnership, MicroVision and LFT have now established a framework to develop, certify, market, supply, and support integrated lidar-based situational awareness solutions.

"This agreement is another clear demonstration of our strategy moving from technology validation to commercial commitments on our path to profitability," said Glen DeVos, Chief Executive Officer of MicroVision. "LAKE FUSION Technologies' commitment to acquiring IRIS sensors reinforces the value of our long-range lidar technology in demanding, safety-critical environments. Together, we are extending our technology into airborne applications while establishing a foundation for additional opportunities across defense, safety, and security markets."

LFT's AS-1 solutions integrate two MicroVision IRIS sensors, mounted in the nose of a helicopter, with advanced sensor fusion software to provide flight crews with early warning of obstacles and environmental hazards. Designed for both day and night operations, the system detects difficult-to-see hazards, including power lines and thin wires, that pose significant risks during low-altitude flight.

The solution is particularly relevant for demanding helicopter missions, including takeoff and landing outside established airports, confined-area landings, search and rescue, hoisting and sling-load operations, and hovering or low-speed maneuvers in complex environments.

MicroVision's IRIS lidar technology combines a 1550 nm Class 1 eye-safe laser, and an ultra-sensitive InGaAs receiver to deliver long-range detection of small, dark, and low-reflectance objects. Its invisible laser operation is compatible with night vision goggles, making it particularly well suited for aviation and defense applications requiring reliable perception in challenging conditions.

"By integrating MicroVision's IRIS lidar technology into AS-1, we are bringing advanced obstacle detection capabilities to helicopter operators facing some of the most complex operational environments," said Christian Meyer, Chief Executive Officer of LAKE FUSION Technologies. "This strategic partnership gives us a framework to advance the solution from system development and certification through market introduction and long-term fleet support, with opportunities to expand into additional applications."

The partnership encompasses the full product lifecycle, from system architecture and prototyping through certification, commercialization, supply, fleet support, and future product generations. While initially focused on helicopters and civil airborne applications, the companies intend to explore additional opportunities in ground-based defense, safety, and security markets.

"This partnership strengthens our path to the North American market," said Tim Schlegel, CEO and Managing Partner of LAKE FUSION Technologies LLC. “Together with MicroVision, we aim to give helicopter crews earlier warning of hazards and greater confidence across commercial and government missions."

For more information about MicroVision’s IRIS lidar technology, please visit https://microvision.com/sensors/iris.

About LAKE FUSION Technologies

LAKE FUSION Technologies (LFT) develops advanced perception, situational awareness, and safety systems for aviation, defense, autonomous mobility, and critical infrastructure. By combining LiDAR, sensor fusion, deterministic algorithms, and safety critical software, LFT transforms complex environmental data into actionable awareness, helping operators and autonomous systems make better decisions in demanding real world conditions.

Looking ahead, LFT is focused on becoming a leader in trusted environmental intelligence for both crewed and autonomous platforms. The company's technologies are designed to improve safety, resilience, and operational effectiveness, enabling aircraft, vehicles, and critical systems to operate with greater confidence in increasingly complex environments. For more information, please visit https://lf-t.net/.

About MicroVision

MicroVision is defining the next generation of lidar-based perception solutions for industrial, security & defense, and automotive markets. As the industry moves beyond proof of concept toward value, deployment, and commercialization, MicroVision delivers integrated hardware and software solutions designed for real-world performance, automotive-grade reliability, and economic scalability. With engineering centers in the U.S. and Germany, MicroVision leads the industry in depth and breadth of its portfolio, with both short- and long-range lidar solutions, featuring solid-state sensors with varying wavelengths, advanced sensor architectures, design-to-cost engineering, and open software solutions.

For more information, visit the company's website at https://microvision.com/, on Facebook at https://www.facebook.com/MicrovisionInc/, and LinkedIn at https://www.linkedin.com/company/microvision/.

MicroVision, MOSAIK, MOVIA, IRIS, and SENTINEL are trademarks of MicroVision, Inc. in the United States and other countries. All other trademarks are the properties of their respective owners.

Investor Relations Contact

Jeff Christensen
Darrow Associates Investor Relations
MVIS@darrowir.com

Media Contact

Heidi Davidson - For MicroVision
heidi@galvanizeworldwide.com
(914) 441-6862

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1ef9bb0-a758-4564-8f02-d5fed9c8f3cd

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What does MicroVision's partnership with LAKE FUSION Technologies cover?

LFT has committed to purchasing MicroVision's IRIS long-range lidar sensors throughout 2027 and into 2028 for integration into AS-1 helicopter awareness systems. The partnership also establishes a framework for development, certification, commercialization and long-term fleet support.