May 4 2009
Corning Incorporated (NYSE: GLW) and Microvision, Inc. (NASDAQ: MVIS) announced today that the companies have entered into a supply agreement under which Corning will supply its G-1000 green lasers to Microvision, as a key component of Microvision's PicoP™ enabled microprojector accessory product.
Laser-based microprojectors have a unique combination of features that are optimal for mobile device users, including infinite focus, rich color, and high contrast and resolution. Corning’s synthetic green lasers, optimized for use as a light source in these display devices, play a critical role in this rapidly emerging mobile-display market by providing customers with a visually rich multimedia experience.
"We are pleased to be able to work with Microvision, a key player in the projection-display industry, to spearhead the introduction of laser-based microprojectors in 2009,” said Thomas Mills, general manager, Corning Green Lasers. “This is an important strategic growth opportunity for the advancement of microprojection technology and Corning’s industry-leading green lasers. The G-1000 green laser is a high-quality, compact, and efficient light source optimized for this exciting application.”
“Corning has been a pioneer in the rapid advancement of green laser technology, from development through commercialization,” said Alexander Tokman, president and chief executive officer, Microvision. “This agreement represents a major supply chain milestone in the commercialization roadmap of our accessory picoprojector product, and we are pleased to be working with the Corning team on creating new business- and entertainment-use models for people who are constantly on the go.”