MicroVision Establishes Defense Industry Advisory Board
Rhea-AI Summary
MicroVision (NASDAQ:MVIS) has formed a Defense Advisory Board to expand into the defense tech industry and military sector. The company, originally founded for military programs focusing on helmet-mounted display systems, is now leveraging its 30-year legacy to explore new opportunities in defense technology.
The Advisory Board comprises three distinguished members:
- Nate Adler - Former Special Adviser for Intelligence with 16+ years of national security experience
- Lisa Donnan - CEO of The Donnan Group, expert in dual-use technologies with 25+ years of public/private sector experience
- Brian Hibbeln - 30+ year veteran of Department of Defense and U.S. Intelligence Community, currently serving multiple roles including venture partner at SineWave Ventures
CEO Sumit Sharma emphasized the company's intent to reconnect with the military sector, building on their expertise in automotive and industrial perception solutions.
Positive
- Strategic expansion into defense/military sector leveraging existing technology portfolio
- Formation of high-profile Defense Advisory Board with experienced members from government and military backgrounds
- Company has prior experience in military programs, specifically in helmet-mounted display systems
- Potential for new revenue streams through military contracts and partnerships
- Board members bring extensive networks and expertise in defense, intelligence, and national security
Negative
- No immediate revenue impact or concrete contracts announced
- Significant time gap since previous military sector involvement indicates potential challenges in market reentry
- Heavy competition in defense tech sector may pose barriers to entry
News Market Reaction
On the day this news was published, MVIS declined 1.74%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
REDMOND, WA / ACCESS Newswire / April 29, 2025 / MicroVision, Inc. (NASDAQ:MVIS), a technology pioneer delivering advanced perception solutions in autonomy and mobility, today announced that it has formed a Defense Advisory Board to further the company's strategic expansion, pursuing customer and partnership opportunities to deliver MicroVision's leading technologies and safety solutions into the defense tech industry and military sector.
"MicroVision was founded over 30 years ago to develop technologies for military programs, with a focus on high-resolution helmet-mounted display systems delivered directly and through partners for various military applications. Over the years, our technology portfolio has broadened to now feature our automotive and industrial perception solutions," said Sumit Sharma, MicroVision's Chief Executive Officer. "Today, with highly relevant and extensive experience, networks, and expertise, the members of our Defense Advisory Board are well poised to help the company reestablish military sector connections and identify productive inroads and opportunities for our technologies in this wide-ranging industry."
"We are excited to work with these impressive defense-industry professionals," continued Sharma.
The founding members of MicroVision's Defense Advisory Board include:
Nate Adler is an advisor on matters involving national security and emerging technologies. With expertise in Defense and Intelligence, Mr. Adler spent over 16 years serving the United States in various roles, including the Office of the Vice President as Special Adviser for Intelligence, Office of National Security Affairs; in the Office of the Under Secretary of Defense for Policy as a Principal Director; as Senior Professional Staff Member to the Select Committee on Intelligence of the United States Senate; and as National Security Advisor to U.S. Senator John D. Rockefeller IV.
Lisa Donnan is founder and Chief Executive Officer of The Donnan Group, a consulting firm advising on matters concerning dual-use, defense, and civilian technologies. With over 25 years of experience in both the private and public sectors and particular expertise in national security with advanced technologies, Ms. Donnan has successfully commercialized new technologies and reoriented strategies to achieve business objectives. She has served on boards of directors and advisory boards, and worked as a venture capitalist investing in companies focused on dual-use technologies for national security, cyber capabilities, AI, data-centric intelligence, open-source intelligence, and cloud technologies.
Brian Hibbeln has over 30 years of experience in the Department of Defense and U.S. Intelligence Community, where he championed novel uses of commercial systems, sensors, and platforms and earned accolades for his ability to unite people, funding, and advanced technologies to benefit warfighters and give the U.S. a competitive edge on the battlefield. Currently, Mr. Hibbeln serves as a venture partner for SineWave Ventures, as Chief Innovation Officer for NineTwelve.on, and on the Board of Directors of publicly traded Australian firm, Whitehawk Ltd. and Advisory Boards at Kymeta Corporation and Leonid Capital Partners. Mr. Hibbeln is a senior fellow at the Potomac Institute for Policy Studies, the nation's premier think tank for technology policy, and as a senior advisor for Blackstone Private Equity. He served for over 23 years as an active-duty and reserve officer in the United States Air Force.
About MicroVision
MicroVision drives global adoption of innovative perception solutions to make mobility and autonomy safer. Fueled by engineering excellence in Redmond, Washington and Hamburg, Germany, MicroVision develops and supplies an integrated solution built on its perception software stack, incorporating application software and processing data from differentiated sensor systems. MicroVision's proprietary technology solutions deliver enhanced safety for a variety of industrial applications, including robotics, automated warehouse, and agriculture, and the automotive industry accelerating advanced driver-assistance systems (ADAS) and autonomous driving, as well as for military applications. With deep roots in MEMS-based laser beam scanning technology that integrates MEMS, lasers, optics, hardware, algorithms and machine learning software, MicroVision has the expertise to deliver safe mobility at the speed of life.
For more information, visit the Company's website at www.microvision.com, on Facebook at www.facebook.com/microvisioninc, and LinkedIn at https://www.linkedin.com/company/microvision/.
MicroVision, MAVIN, MOVIA, and MOSAIK 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
Marketing@MicroVision.com
SOURCE: MicroVision, Inc.
View the original press release on ACCESS Newswire
FAQ
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