Claudio Ruben Resigns from Microvision Board; Company Expects to Name New Members to Its Board.REDMOND Redmond, city (1990 pop. 35,800), King co., W Wash., a suburb of Seattle, on Lake Sammamish; inc. 1912. Its economy centers around computer software (Microsoft Corp. , Wash. -- Microvision, Inc. (Nasdaq:MVIS MVIS Microvision Inc (Redmond, Washington) ), today announced that Claudio Ruben resigned from its Board of Directors for personal reasons. "I enjoyed being a member of Microvision's Board, and I fully support the Company's management team in its implementation of a new business strategy, the 2006 operating plan and organizational changes at all levels," said Ruben. "I believe that the new management team is taking the right steps to get the Company back on track, and I regret that, due to personal reasons, I will not continue to serve our shareholders as a director." "We are going to miss Claudio's expertise and good counsel," said Alexander Tokman, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Microvision. "He has been a real asset during his short time on the Board, but we understand his decision to step down. I thank him personally for his invaluable contributions and sound judgment." "We have been in discussions with a number of new potential Board members, each of whom has the experience and skills that support our recently announced operating plan and growth strategy. I look forward to naming one or more new members to the Board soon," concluded Tokman. About Microvision: www.microvision.com. Headquartered in Redmond, Wash., Microvision, Inc. is the world leader in the development of high-resolution displays and imaging systems based on the company's proprietary silicon micro-mirror technology. The company's technology enables solutions and products in a broad range of industrial, consumer, military, and medical applications. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. Certain statements contained in this release relating to relating to relate prep → concernant relating to relate prep → bezüglich +gen, mit Bezug auf +acc new directors and product applications are forward-looking statements that involve a number of risks and uncertainties. Factors that could cause actual results to differ materially from those projected in the company's forward-looking statements include the following: our ability to obtain financing; success of executive transition; market acceptance of our technologies and products; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; government regulation of our technologies; our ability to enforce our intellectual property rights and protect our proprietary technologies; the ability to obtain additional contract awards and to develop partnership opportunities; the timing of commercial product launches; the ability to achieve key technical milestones in key products; and other risk factors identified from time to time in the company's SEC reports, including in its Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. , as may be amended a·mend v. a·mend·ed, a·mend·ing, a·mends v.tr. 1. To change for the better; improve: amended the earlier proposal so as to make it more comprehensive. 2. , and its Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . |
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