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 develops lidar-based perception solutions for automotive, industrial, and security and defense markets. Company news centers on short- and long-range solid-state lidar sensors, integrated hardware and software, and open software architecture used in autonomy, mobility, mapping, navigation, and infrastructure applications.
Recurring updates cover MOVIA sensor shipments, HALO long-range lidar integration, Tri-Lidar Architecture demonstrations, industrial autonomy deployments, security and defense orders, reseller and partner programs, and collaborations that combine MicroVision sensing technology with external platforms. News also includes quarterly results, business updates, capital actions, and integration of acquired lidar sensor assets.
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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