Pioneer orders components from Microvision for over $4 million
MicroVision announced that it has received purchase orders from Pioneer Corporation valued in excess of $4 million. The purchase orders cover key components, including MEMS and electronics, which are part of the HD PicoP engine (Pico Gen2, based on direct green lasers). Pioneer will integrate those components into its Cyber Navi car navigation system. Microvision should also receive license fees and royalties for the technology.
Pioneer will combine the MEMS and electronics it receives from MicroVision with red, blue and direct green lasers from Pioneer’s laser suppliers to create optical engines based on MicroVision’s patented PicoP reference design.