Welcome to our dedicated page for Microvision news (Ticker: MVIS), a resource for investors and traders seeking the latest updates and insights on Microvision stock.
MicroVision, Inc. (NASDAQ: MVIS) is a technology company focused on lidar-based perception solutions for autonomy and mobility, with applications across automotive, industrial, and defense-related markets. This news page aggregates company announcements, press releases, and other public updates so readers can follow how MicroVision’s lidar hardware and perception software are being developed and deployed.
In its recent news, MicroVision has highlighted commercial momentum in the industrial and Security & Defense sectors, including an initial order for its solid-state, flash-based MOVIA L short-range lidar sensors with integrated software. The company has also reported progress in integrating its MOVIA lidar into NVIDIA’s DRIVE AGX platform, positioning its technology within an autonomous vehicle ecosystem and supporting engagement with global automotive OEMs.
Visitors to this page can review updates on MicroVision’s product portfolio, such as announcements around its next-generation MOVIA S short-range sensor and its Tri-Lidar Architecture solution. The company’s news also covers strategic initiatives like its agreement to acquire the business and assets of Scantinel Photonics GmbH to add 1550nm FMCW long-range lidar technology, as well as the formation of an Aerial Systems team and expansion into the defense tech and ISR sectors.
In addition to technology and market developments, MicroVision’s news flow includes quarterly earnings releases, commentary on non-GAAP financial measures, and corporate governance changes, such as leadership transitions and board appointments. Investors and followers of MVIS can use this page to monitor operational milestones, sector-specific initiatives in automotive, industrial automation, and defense, and other material events disclosed by the company over time.
MicroVision, Inc. (Nasdaq: MVIS) announced on June 22, 2020, that it has regained compliance with Nasdaq's listing requirements, following a notification of a previous bid price rule violation. The Nasdaq Hearings Panel granted an extension that allowed MicroVision to meet compliance standards. The company will continue to monitor the potential need for a reverse stock split, as authorized by shareholders. MicroVision is recognized for its PicoP® scanning technology and holds a prominent intellectual property portfolio.
MicroVision, Inc. (Nasdaq: MVIS) has announced the election of Dr. Mark B. Spitzer to its board of directors. Dr. Spitzer brings extensive experience in technology innovation, particularly in augmented reality (AR) and virtual reality (VR), with a strong background in developing micro-display systems. His previous roles include leadership positions at Google X and founding MicroOptical Corporation. The appointment aims to strengthen the company's strategic direction as it explores options with Craig-Hallum Capital Group for its technology. Dr. Spitzer's expertise is expected to enhance the company's growth potential.
MicroVision (Nasdaq: MVIS) announced on May 26, 2020, that it regained compliance with Nasdaq’s market value listing requirement, effective May 22, 2020. This follows a notification on April 8, 2020, regarding a previous non-compliance issue. However, the company still faces a challenge with the minimum bid price requirement of $1.00 per share, with a compliance deadline set for August 24, 2020. Failure to meet this requirement could lead to delisting. MicroVision continues to pursue its business plan and explore actions to maintain Nasdaq listing.
MicroVision (NASDAQ: MVIS) announced the resignation of Perry M. Mulligan from its board of directors, effective May 21, 2020. Mulligan, who served as a board member since January 2010 and as CEO from November 2017 to February 2020, cited health issues as the reason for his departure. The board chair, Brian Turner, recognized Mulligan’s contributions and expressed regret at his exit, while also emphasizing the successful transition to the new CEO, Sumit Sharma. The company, known for its PicoP® scanning technology, continues to focus on innovative projection and sensing solutions.
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