U.S. Army Awards $3.3 Million Contract to Microvision to Design Unique Wearable Display for Medical Applications.Business Editors and Technology/Medical Writers BOTHELL, Wash.--(BUSINESS WIRE)--Dec. 20, 2001 Microvision, Inc. (Nasdaq:MVIS MVIS Microvision Inc (Redmond, Washington) ) today announced that it has been awarded a $3.3 million development contract from the U.S. Army's Medical Research Acquisition Activity (USAMRAA USAMRAA United States Army Medical Research Acquisition Activity ), Telemedicine and Advanced Technology Research Center (TATRC TATRC Telemedicine and Advanced Technology Research Center ) for the initial phase in the development of a mobile wireless personal display system for medical applications. The contract supports the objectives for the Army's INFOMEDIC concept -- a mobile medical system that will enable military surgical personnel and medics to access, read, and transmit critical medical data via a head-worn display, wearable computer See body-worn computer. , and wireless network. Microvision will design, integrate, and test a head-worn mobile display solution based on its unique retinal scanning Noun 1. retinal scanning - biometric identification by scanning the retina of the eye; "identification by retinal scanning is complicated by eye movements" display technology to meet the Army's medical system specification. The INFOMEDIC display will be developed over the next 16 months, and will leverage and build upon Microvision's newly completed design of the Nomad(TM) Personal Display System. The Nomad Personal Display System is a `see-through,' high-resolution, daylight-readable, head-worn display that augments the user's natural vision by merging electronic information into their field of view to bring information to the "point of task." The Nomad display enables mobile workers to work hands-free and head-up in any lighting condition, allowing them to access information anywhere As a result, the Nomad system delivers major improvements in situational awareness Situation awareness or situational awareness [1] (SA) is the mental representation and understanding of objects, events, people, system states, interactions, environmental conditions, and other situation-specific factors affecting human performance in , productivity, safety, and precision and provides greater versatility for mobile applications than alternative display solutions. "Microvision's contract with TATRC underscores the company's objectives for the ongoing development of a family of personal displays based on the Nomad product," noted Rick Rutkowski, Microvision 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. . "We are just beginning initial commercial production of the Nomad system, and this effort will pave the way for subsequent additions to the Nomad product line that will feature enhancements in overall ergonomic design, form factor, and performance; enhancements that will benefit a variety of military, medical, aviation and industrial applications," said Rutkowski. "This contract gives Microvision the opportunity to demonstrate that we can quickly design, develop, and deploy fully integrated display systems for specific military applications. The INFOMEDIC concept represents the future of battlefield medicine, and indeed the future of personal information display. We are excited about the opportunity to demonstrate the advantages that our display technology will bring to this critical aspect of military operations." About Microvision: www.mvis.com Headquartered in Bothell, Wash., Microvision Inc. is the developer of the patented retinal scanning display technology and a world leader in micro miniature optical scanning technology for display and imaging applications. The company's technology has applications in a broad range of military, medical, industrial, professional and consumer information products. Forward Looking Statement The information set forth in this release includes "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and is subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. created by those sections. Certain factors that realistically could cause results to differ materially from those projected in the company's forward-looking statements are set forth in the company's 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. and Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. , as filed with the Securities and Exchange Commission. Per U.S. Army policy This release refers to U.S. Army Award Number DAMD DAMD Duct Air Monitor Device 17-02-2-0005. The U.S. Army Medical Research Acquisition Activity, 820 Chandler Street, Fort Detrick MD 21702-5014 is the awarding and administering acquisition office. The content does not necessarily reflect the position or the policy of the Government; and no official endorsement should be inferred. |
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