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MicroVision +4% pre-market, collaborating with STMicroelectronics on laser beam scanning technology

Published 11/10/2016, 09:29 AM
MicroVision +4% pre-market, collaborating with STMicroelectronics on laser beam scanning technology
STMPA
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MVIS
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  • Pico projections, virtual and augmented reality, 3D sensing and ADAS applications highlighted along with intentions to develop, sell and market solutions through close collaboration. Future cooperative opportunities for the companies, beyond this arrangement, are additionally to be explored with a particular focus on a joint laser beam scanning product roadmap.
  • STMicroelectronics (NYSE:STM): "Working with MicroVision, our goal is to build on our matched skills, shared vision, and commitment to grow LBS-enabled markets to open up many opportunities for both companies. This relationship will position ST to pursue all of the growth opportunities for LBS and the complementary power, sensing, and control components.
  • MicroVision (NASDAQ:MVIS): "Teaming up with ST, a world leader in its field, is important for MicroVision both for ST’s expertise in semiconductor technology and its global customer reach. Combining ST’s expertise in the development and manufacture of key components for LBS scanning engines with MicroVision’s proprietary system, engine, and applications knowledge, and intellectual property can be highly advantageous for marketing LBS solutions to a wide array of companies for numerous applications."
  • STMicroelectronics -1.6% before the open.

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