Microvision signed a $24 million agreement to develop an LBS pico projector system for a major technology company
Microvision announced that it has signed a contract with a major technology company to develop a Laser Beam Scanning (LBS) display system and to produce MicroVision specific components.
Microvision will develop a new generation of MEMS, ASICs and firmware to support a high resolution LBD product. MicroVision would receive up to $24 million including $14 million in fees for development work that is expected to span 21 months and an upfront payment for other items.
Source: http://www.picoprojector-info.com/microvision-signed-24-million-agreement-develop-lbs-pico-projector-system-major-technology-company
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