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MicroVision partners with STMicro +5
MicroVision has announced
an agreement with STMicroelectronics to "work
together to develop, sell, and market Laser Beam Scanning (LBS)
technology." STMicro was already producing MicroVision
projection modules. This makes it sound like Sony will be
marginalized going forward, especially on newer scanning, driver
assistance and augmented reality technology. This could be a
good move for the long run, but brings increased operational
risk. At least we now know why management raised capital.
Operational results may be challenged in the near term, but this
is a step towards potentially game changing results.