Microvision signed a $24 million agreement to develop an LBS pico projector system for a major technology company

Microvision new logoMicrovision 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.

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