Sunday, November 19, 2017

This is a technology company, not a personality company....

Ultimately this is a technology company, not a personality company.... no change

The tech is still incredible... no change.

Microvision is still transitioning from bleeding-edge to leading edge.... no change

Microvision is still transitioning from pre-revenue to revenue generating company....no change

There are still orders out there waiting to be finalized (a couple larger, a couple smaller)...no change.

there is still room for MVIS in at least 10% of the world's smartphones.... no change.

And still available for key roles in multiple emerging technologies.

Interesting Image


Strategic Investor? --- Seeking Alpha

I occasionally have my doubts about this source. 

I will let this link stand without without commentary. 


Strategic Investor? A leading Automotive or Technology Giant Is Likely to Invest in MicroVision

Friday, November 17, 2017

Tesla Truck

People and companies are willing to pay big bucks for sensors that are part of saving big bucks.


Tesla Truck USA TODAY



"Even with 80,000 pounds it'll get to 60 mph in 20 seconds," Musk said, hopping out of a truck. "What about up a hill?"

More significantly for trucking companies, Musk said that a standard diesel truck would be 20% more expensive to operate than a Tesla truck: $1.26 per mile compared to $1.51 per mile.

Musk said that if Tesla Semis were to drive in a convoy, in which trucks can draft off each other while letting computers and sensors keep them just feet apart at highway speeds, it could compete on cost with trains. "This beats rail," said Musk, throwing up an 85 cents per mile cost.


Voga V... Walmart "Quantum" / Now available in Brazil / #12 new Android

Mobile PC online

  1. New product
    Millet A1
    1
  2. ¥ 599
    God 6A
    2
  3. ¥ 3299
    Hammer Nuts Pro2 6GB + 256GB
    3
  4. ¥ 2699
    Hammer Nuts Pro2 6GB + 128GB
    4
  5. ¥ 2299
    Hammer Nuts Pro2 6GB + 64GB
    5
  6. ¥ 980
    Philips S310X
    6
  7. ¥ 2299
    U11 Life
    7
  8. New product
    Jin M7Plus
    8
  9. New product
    Jin Li S11Plus
    9
  10. New product
    Jin Li S11
    10
  11. New product
    Asus Pegasus 4s
    11
  12. ¥ 3999
    Orange VOGA V mobile phone
    12


Now Sold in Brazil 


Announced at the end of August , the V is an intermediate smartphone of the Brazilian Quantum (subsidiary of Positivo) and stands out for an unusual feature: it has a projector of 31 lumens embedded in its body , being able to display images up to 80 inches with HD resolution. Although it was introduced about three months ago, the model was still being offered only in the pre-sale, leaving many people eager to get their hands on the novelty.
Fortunately, Quantum has just announced that, starting this week, the V will finally begin to be sold through the brand's official website and in its kiosks scattered around Brazil. Available only in blue color, the gadget can be bought for R $ 1,7 thousand in the boleto banc├írio; if you opt for the credit card, the total amount rises to R $ 2 thousand. Still, these figures are lower than the price suggested by the company outside the launch promotion, which is R $ 2.2 thousand.

Walmart Brazil



Good finds Tom.

HC Wainwright -- price target $4.00


Ledger Gazette

Microvision, Inc. (NASDAQ:MVIS) received a $4.00 price objective from research analysts at HC Wainwright in a research report issued on Thursday. The brokerage presently has a “buy” rating on the electronics maker’s stock. HC Wainwright’s price target indicates a potential upside of 154.78% from the stock’s previous close.
MVIS has been the subject of a number of other reports. Zacks Investment Research downgraded Microvision from a “buy” rating to a “hold” rating in a report on Thursday, August 10th. Northland Securities set a $3.00 price objective on Microvision and gave the company a “buy” rating in a report on Friday, August 4th. ValuEngine downgraded Microvision from a “hold” rating to a “sell” rating in a report on Thursday, November 2nd. Finally, S&P Equity Research increased their price target on shares of Microvision from $1.75 to $2.22 in a research report on Thursday, November 2nd. Two research analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $3.34.

Thursday, November 16, 2017

Sprint Bundling Hulu

Another reason I'm looking forward to the Voga V

CNBC

Sprint will offer its unlimited data plan customers free subscriptions to the streaming service Hulu, the companies said on Wednesday, marking the latest move by a U.S. wireless carrier to bundle content with mobile service.
Under the agreement, Sprint's unlimited plan, priced at $60 a month for a single line, will cover Hulu's $7.99 a month basic subscription. The No. 4 U.S. wireless carrier is also working on plans to offer Hulu's $39.99 live TV streaming service to customers next year, potentially at a discounted price, said Allan Samson, senior vice president of marketing at Sprint, in an interview.
U.S. wireless carriers are seeking ways to provide content to win over customers in a saturated market. In September, T-Mobile said it will offer free subscriptions to Netflix with its unlimited data family plans.
AT&T, which is in the process of buying Time Warner for $85.4 billion, has already started bundling the premium channel HBO with wireless service. Earlier this year, Sprint tested a promotion with Dish Network's streaming service Sling TV in Chicago and Atlanta.

Wednesday, November 15, 2017

Perry Mulligan in As CEO

I have great confidence in Mr. Mulligan. I have mixed feelings about this, but we'll see how it turns out.

I will not be selling anything.



MicroVision, Inc. (MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced that it has named Perry Mulligan, a company director, as chief executive officer, replacing Alexander Tokman who has resigned as chief executive officer and director.
Mulligan has served as a director at MicroVision since January 2010 and assumes the role of chief executive officer (CEO) immediately. Tokman will remain as president through the end of 2017 to assist with the transition.
“Perry is very familiar with MicroVision, its vision and management through his seven-year tenure as a member of the Board of Directors. Perry brings a track record of success and a strong background in executive leadership, operational management and global supply chain design,” said Brian Turner, chairman and independent director at MicroVision. “Alex has worked tirelessly for MicroVision, and we appreciate his contributions, energy and commitment to the company’s success. We are grateful that Alex has agreed to stay on as president through the end of the year and to be available to support the company and Perry as we move forward.”
“I am very excited to join MicroVision as CEO and I look forward to carrying on the vision of the company and building on its success,” said Perry Mulligan, incoming CEO. “There are many opportunities ahead, and I am pleased that Alex will be available to help ensure a smooth transition, enabling the company to continue to execute on our business plan.”
“After a decade of guiding MicroVision, I have decided it is time to step back and spend more time with my family,” said Alexander Tokman, outgoing CEO. “I believe that Perry is the right person to take the company to the next stage and am pleased that he was chosen to helm the next era of growth for the company.”
Mulligan was formerly senior vice president of operations for Emulex Corporation, where he oversaw Emulex operations, including supplier management, test engineering, logistics, IT and facilities. Prior to Emulex, Mulligan was senior vice president, operations for QLogic, where he was responsible for all aspects of the manufacturing and delivery of products to the customer in addition to overall supply chain design and manufacturing strategy.

GOERTEK - CES 2017

CES 2018 is in a couple of months. Goertek was at work last year there. Turns out it may be useful to stop by their booth in January. 


Goertek at 2017 CES  (PR NEWSWIRE -- SOURCE)


Unmanned System Layout and Planning

As per capita disposable income increase has led to more adoption of the Internet of Things, human-computer interaction and other technology will go through rapid iterations of advancement with robots and other unmanned systems accelerating the development pace in the industry. Goertek maintains its core competence with market trends by active planning of unmanned system layout and development. In the field of robot development, Goertek hasbrought office assistant, home assistant, and technology enthusiast robotic product solutions. Products such as theRobot Bell office assistant, a compact robot capable of flexible movement can achieve simple operation through voice control to send and receive messages, schedule customization and reminders with micro-projection and interactive functions. In the UAV drone category, Goertek has also brought mainstream consumer UAV product solutions.

From components to integrated one-stop services, Goertek has a wealth of high-quality electronic components, with vertical integration to build system and accessory products. In the CES exhibition area, Goertek has also brought its leading MEMS microphone, sensors, antennas, speakers, and receiver component products. Goertek is committed to providing the necessary components to build future systems for the Internet of Things.

Goertek Optical Components

Tuesday, November 14, 2017

ADAS Presentation

New post on the displayground blog.

From Displayground (source)

The proliferation of ADAS has spawned headlines and interest in a variety of sensor technologies that enable vehicles to observe and understand their surroundings, and now similar opportunity is emerging inside the car for new sensors that can observe and understand the driver and passengers as well as provide intuitive control interfaces.

MicroVision’s Director of Product Engineering, Jari Honkanen, recently gave a presentation at FUTURECAR 2017 detailing how our Laser Beam Scanning technology for MEMS-based LiDAR solutions provides a unique approach that enables new 3D sensor capabilities in areas such as dynamic and variable resolution, acquisition speed, and field of view. These small and cost-effective MEMS-based LIDAR sensors can be applied to new innovative interior and exterior automotive applications benefiting from high-fidelity 3D depth sensing from short to medium distances.

Learn more by viewing the below slideshow.

Monday, November 13, 2017

Transitioning from the Bleeding Edge to the Leading Edge


I am "Pinning" this post to the top for a while.

If you can find a good up and coming technology to invest in, you can end up holding stock in a company that will pay you enormous returns. Think Apple, Microsoft, Nvidia and Google --companies that went from the bleeding edge of technology to the leading edge.





Notable investor Ronald Wayne, is an excellent example of a "smart investor" who missed the gains possible in holding a "bleeding edge company." In 1976 he was one of the first investors in Apple computer company. He was a 10% stakeholder and sold his stake for $800. He did double his money in 12 days, but had he held onto his investment it would be worth 90 Billion today.  Ronald Wayne

Now, not all bleeding edge companies make it to the leading edge. However, if you can find a company that is transitioning from the bleeding edge to the leading edge, you can avoid a lot of the risk the early investors took, and get most of the gains. The sweet spot to find one of these companies is when it's making the transition.


Of course to find the right company now, you'd look to something that was going to be a key component of an up and coming new technology. 

  • Mobile technology is still in its infancy -- find the next must-have feature, and you're golden. 
  • Personal assistants, like the Amazon Echo or the Google Home are gaining popularity, and will likely become more and more common, and more widely available everywhere -- especially if video features can be conveniently added to them. 
  • The Internet of Things is talked about everywhere, more and more powerful computers are being put in everyday items. If you're old enough to remember the 1990's a powerful personal computer of the 1990's was required to play the game "DOOM" -- but that computing horsepower is now available in a thermostat. [Doom on a Thermostat] The thing about that computing horsepower is that people need a good way to interact with it, that will be a key component.
  • Augmented Reality, the ability to enhance the world you see with computer generated information, is so new most people have seen little of it except perhaps an experience with Pokemon Go. They're getting great results with this technology in industry, greatly increasing productivity -- and it's a wild fantasy of gamers. It will be bigger than Virtual Reality -- it brings people together, or it can. Virtual reality isolates them. 
  • Self Driving Cars and Automation: I know self-driving cars are controversial -- they're not going to happen all at once though. They're going to happen a little at a time. More and more sensors will appear, the ability to automate some functions of the car, and the ability of the car to process the sensors' information and intervene when necessary is going to increase. No one is complaining about cars automatically NOT hitting pedestrians, or parking themselves, or alerting us when there's another car in our blind spot. This happens through primarily sensors that can detect and identify other objects.
If you want to do a good job investing in future technology, you could find a good company in each space -- but finding a good company that is publicly traded in each specific space could be tedious. You could invest in ST Microelectronics, absolutely nothing wrong with them, or Intel, or Google. However I think there's a way to invest in a company that has much greater growth potential, and it's poised to provide key components in ALL of those areas. 
  • Mobile Technology
  • The Internet of Things - Personal Assistants
  • Augmented Reality
  • Self Driving Cars & Automation
The Ticker symbol is MVIS

I'll keep this as brief and complete as possible, you can explore the rest of the blog....



Pico Projection -- Mobile Phone Technology

Why? Because of the picture below. Want to share your pictures? Would you rather share it with the picture on the phone below (at the bottom, slightly to the right of the center of the picture is my phone.) It's showing the same image as the PicoP powered projected large image, everyone can see it at once. (yes the crab were delicious.)





When I ask people "so, of the smart phones made in the world, how many of them do you think will eventually get a projector like this?"

The most common answer is "all of them." I have a link to a price calculator below, and you can see the difference between 10% and "all of them."

Would you like a six foot screen in your Phone? This phone is now available in China, and Romania, and soon will be in Brazil, and India. (45%+ of the worldwide smartphone market.) 




Personal Assistants & Internet of things: Put a sensor in that projector and turn it into a touch screen. This projector product should be available for purchase in the second half of 2018. It can be included in personal assistants, appliances, and anywhere else a touch screen would be desirable.



Below is another prototype that uses MicroVision's technology. How would you like it if your Amazon Echo or your Google Home speaker could do this? 




Augmented Reality: This is an area that is just getting started. Most people are unaware this is possible, but it's probably going to be huge.

Pokemon' Go was an early augmented reality game, and Microsoft is having a lot of early success with its Hololens


MicroVision is working on Augmented Reality, displays; I do not know with who, and haven't seen a recent example. I have seen an old augmented reality display from MicroVision however, and it was much more impressive to me than other displays that were being shown at the time.

 In 2015 I attended the Consumer Electronics Show in Las Vegas. I tried every "augmented reality" item I could find, and none of them got even close to the contrast, and field of view that MicroVision's NOMAD system. (listen to what they say about the NOMAD display's business model below. That business model is becoming a reality. 
 [Augmented Reality Increasing Productivity]




 At that time I was told that what they have now is much better. I wish I could say I have seen it in person, but I haven't.

Are lasers (MicroVision's realm) going to be used? Nvidia thinks so, and they think that EVERYONE will be using augmented reality. (NVidia at SIGGRAF 2017) All good, but for our purposes, be sure to observe from 4:25-5:45! 


Below is a video of how Microsoft Imagines Augmented Reality. 



And Augmented Reality Games, below. I know these samples are from Microsoft, but that doesn't mean that they will be the only player, but for displays, I believe MicroVision will be key.



Scanning LiDAR

A huge problem with most automated things that move is that you don't want them to crash into things. If it's a moving arm, a robot, a truck, car, forklift, or gigantic digging machine. Scanning LiDAR is where it's at for those sensors. MicroVision's product is much smaller than competition, (and shrunk again by a factor of eight!) and they are in the mid-range sweet-spot of importance. Knowing where things are at a distance and close up is good, but most of the important decisions are made in the mid range.From Semiengineering.com
"Kevin Watson, senior director of product engineering at Redmond, Wash.-based MicroVision, a publicly held company, disagrees. “I don’t think that’s going to go anywhere,” he said of flash LiDAR. “For many years, the Holy Grail of LiDAR sensors we thought to be a MEMS mirror-based laser scanner, because they’re super-small, relatively inexpensive to manufacture in great quantity, and very reliable. They’re small enough to hide several around an automobile.”

Watson calls LiDAR “the most important sensor” in automotive electronics. “Vision systems are great, but they’re a totally passive system. LiDAR is active.” 

Mr Watson left Velodyne to work on the Holy Grail of LiDAR sensors at MicroVision.



It can also do 3D mapping for things like autonomous cars, robots, making movies, or creating content for Augmented reality. (And I'm sure more.


MicroVision Partners

ST Microelectronics 





Goertek  

Customers: Samsung, Sony and Lenovo

WPG Holdings The largest distributor of semiconductor components in Asia


Sharp / Foxconn Robohon is a sharp product, and Foxconn now owns a controlling interest in Sharp. (Robohon Video)

SONY   Sony has several products with MicroVision's PicoP inside, The relationship with Sony seems to have been problematic, but Sony is still in a position to produce products with MicroVision's technology inside. Products included: celluon PicoPro, and the Sony MPCL1 Laser Pico Projector, A cellphone with an embedded laser projector the Qualper phone has been shown but apparently not released: Qualper Phone



So how good is MicroVision's Intellectual Property? [ PatentVue ]

"Microvision Inc. made our list as the largest US patent holder in this space, owning 289 US patents primarily related to hardware components for augmented reality systems, with a focus on miniaturized MEMS and PICO level systems. Another smaller company is this space with significant patent protection is Kopin Corporation, with 206 relevant patents."


Microvision has been a company for the last 20 years that has been on the "bleeding edge" of technology. They have had to wait for some technologies (lasers) to catch up with them, and even had the lasers existed to do what they wanted to do ten years ago, the content landscape wasn't quite ready.


Where could this go? Well, if I'm conservative and say the company profits $5 per projector unit, and it goes into 10% of the world's smartphones and everything else fails? Then this thing will be trading about 200 times what it is now. If it does better? Sky is the limit. Check the price target calculator below, and put in your own numbers.

The sweet spot is to catch a company when it transitions from the bleeding edge of technology to the leading edge -- and I am long this company. I have endured the bleeding edge pain -- but things are going to get interesting as products are going into production now.

There's more, check out these past posts, and dig around a lot. There's way more out there than is on this blog.

Surface Phone
Price Target Calculator

The TICKER is MVIS

Tesla Semi Truck

The STREET

This was delayed from it's originally scheduled reveal in September. Now Scheduled for this week.)

In this video, pay particular attention to seconds 15-22 or so.


Tesla Twitter

Sunday, November 12, 2017

What's possible with Augmented Reality.

One of the recently completed development contracts was about an AR product.

We know that MicroVision is working in this field to create wide field of view displays with high contrast displays for this kind of application.




Daqri AR Glasses Home Page

Tuesday, November 7, 2017

I wouldn't mind a translation...keep watching....

Sorry if this has some kind of problem, getting video out of China has often been difficult.

Source --- Thanks Joe


Monday, November 6, 2017

Voga V Sales...

So, while I'm on the road back home after a visit to the Midwest I get this link from Joe.

We had a bit of a discussion about the seemingly deliberate misinterpretations of the news from the Conference Call last week.

Anyway, this looks good, as always machine translations from Chinese aren't always terribly coherent, but this Google Translator version of this article seem pretty good.  --- SOURCE   (gathered all content)

We really can't tell anything from the sales records yet. (On the market only since August at all, and not yet available in Brazil according to my friend on the ground there.)

I've seen this phone in person, and I would dump my Sony Xperia phone for it in a hot second.




Double eleven online shopping Carnival is a step by step approached, but the business pre-sale war has already played in full swing, all kinds of coupons, shopping allowances, deposit inflatable play after another, we already tempted to share that chest chopped respect impulse , Pre-order is the most popular new hand chop posture. The phone as the highlight of the calendar year, it is locked in advance a lot of people's attention, including projection mobile phone is even more eye-catching.

Samsung, MOTO have been the forerunners in the field of projection phones, has introduced a number of Galaxy Beam projection phone products, and MOTO through the modular concept, the projector as a mobile phone accessories and continues today, and then in the field of projection phones Has a high voice, in June 2017 officially released domestic brand VOGA obviously belongs to a rising star, but with very different projection ideas and technical advantages, becoming the only mobile phone with MOTO rival projection mobile phone brand.

Of course, VOGA as a rising star in the market is still far behind the volume and the depth of the MOTO, but in this pre-war double 11 pre-war, VOGA is actually grab a MOTO limelight, a Double eleven cell phone pre-sale war in a dark horse. According to Taobao sales data shows, VOGA V laser projection phone ahead of the sale, in one fell swoop to capture the projected mobile phone pre-sale strategic high ground.

Why VOGA is particularly popular with everyone? This is related to the design concept of two projection phones. As a big brother in the mobile phone industry, there is a profound precipitation in the traditional mobile phones. MOTO has chosen to implement the projection function of the mobile phone through an external projection module. This method has higher flexibility and can be readily used in ordinary mobile phones and special mobile phones But also brought enough portability, extra burden and other issues; and VOGA V is taken directly to the projector module into the fuselage of the program, although a slight increase in the thickness of the machine, but a sense of unity, portability and more Strong, that is, cast whenever and wherever possible.

In addition, VOGA V also uses the latest MEMS laser projection technology, compared to the traditional DLP projection technology, MEMS laser projection continued features longer battery life, wide color gamut (NTSC up to 150%) contrast High (5000: 1), no focus, automatic keystone correction, etc. are also important technical highlights, all of which provide the technical basis for VOGA V's good user experience.

In addition, VOGA V also has a set of blue-orange mobile phone specifically designed for projection mobile phone VOGA UI system, such as the screen integrates a rapid projection switch, rapid selection of content and other projection features VR projector icon, ingenuity V The Laser Projector below the dot matrix announces the core features of projection phones. There are still can edit the document at any time, to share business cards and manipulate the presentation of a small assistant, such as out of control, air mouse, multiplayer and other special features, so that the projection phone more diversified gameplay.

Distance from the official start of the double eleven Although there are still a few days, but the pre-sale results also reflect to some extent the consumer concerns and recognition of the product, I believe VOGA and MOTO continuous competition in the forward position will continue, representing Projection in the field of mobile phone two major areas of the opponent will bring us what kind of change, look forward to it!

Friday, November 3, 2017

The CC and aftermath.

Yesterday, after the conference call, I hit the road almost immediately. I discussed it with a friend over coffee, and was traveling then for the rest of the day.

I heard nothing to fear in that conference call, and a lot to be excited about.


--- I haven't had a chance to review and reference the CC, so If I'm getting anything wrong here, you're welcome to send a correction and I'll fix it the moment I can.

There were several new things, perhaps the upsetting thing would be that the 30-60 million guidance on the three engines is the low end of the guidance (FOR THAT PROJECT -- which many have seemed to miss.) by the end of next year.



  • The Development contract is going on (24 million is a big development project) and they added that the results of this development will apparently be available for MicroVision to exploit outside the agreement with whatever company this is. (I find that to be an enormous positive.)
  • There were "several" -- "A couple larger and a couple smaller" (assuming larger than, and smaller than Ragentek) orders that they were trying to get completed before the call, but they didn't make that timeline. (So I expect them soon -- Positive.)
  • The Engine #2 has changed places with Engine #3 in the timeline. I regard this as a neutral development. (Some may interpret it as negative, because the revenue timeline would be pushed back a quarter... I'm not looking at this company and its potential on a quarter by quarter basis, nor do I regard the upside in the stock price is going to be entirely dependent on the immediate revenue generation....I'm long term, and when the public gets excited about what this stuff can do, they'll overprice the hell out of it.)
  • Developments on the LiDAR engine sound fantastic.... much smaller, better, and the capabilities sound awesome.
  • TWO other development contracts completed... these usually end up with customers making orders, and the customers are happy with what they got.
  • The power & size advantages of MicroVision
  • While STM wasn't brought up specifically during the call, STM continues to highlight positively their relationship with MicroVision publicly.

Of those people I talk with about MicroVision on a regular basis, with the exception of one, they're either buying a lot more stock on this pull back or would be if they could. One gleefully selling stock in other companies to purchase MVIS, and one has said that when he gets back to even he's pulling the plug.

Thursday, November 2, 2017

Conference Call

.... in Questions... some things have changed, but I'm really liking what I'm hearing.


Conference Call Link



MicroVision Announces Third Quarter 2017 Results


Product Shipments and Development Programs Produce Revenue of $6.1 Million, a Year-Over-Year Increase of 52 Percent

REDMOND, Wash.--(BUSINESS WIRE)--Nov. 2, 2017-- MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative ultra-miniature projection display and sensing technology, today announced its financial and operating results for the third quarter of 2017.

As previously announced, Ragentek, a China-based smartphone manufacturer and solution company, placed a $6.7 million order with MicroVision in March 2017 for a customized model of the company’s PSE-0403 display engine. Volume shipments of engines began in July and are ongoing. Ragentek began shipping its smartphone with the embedded display engine in late August. MicroVision plans to complete fulfillment of the order in the coming months.

The PSE-0403 display engine is part of MicroVision’s engine line of business. Two additional scanning engines, one for 3D LiDAR sensing and the other for interactive display, are in the development stages. MicroVision has been engaging with potential customers about these engine solutions. As a result of customer interest in evaluating the 3D LiDAR scanning engine, the company plans to accelerate availability of a development kit for this engine to the end of this year, from an originally planned timeframe of second quarter 2018.

Development kits for the interactive display engine have been provided to select OEMs and software developers for evaluation. Initial feedback to the company included indications of how much time would be needed to develop software applications for the interactive gesture and touch interface using the 3D point cloud output by the MicroVision scanning engine as well as requests for performance enhancements. MicroVision is planning upgrades to this engine based on this feedback, and commercial availability of the engine is now planned for the second half of 2018.

During the third quarter, MicroVision continued working on a major development and supply contract for a laser beam scanning (LBS) system for a leading technology company. The development work began in April, and to date MicroVision has recognized $2.6 million in revenue for this contract, with $1.8 million of that being recognized in the third quarter of 2017. MicroVision also concluded work on two other development contracts signed last year. MicroVision delivered concept demonstration devices to these customers: one for augmented reality and the other for an automated driving assistance system (ADAS). Third quarter revenue from these contracts totaled $1.5 million.

The following financial results are for the three and nine months ended September 30, 2017, compared to the same periods of 2016:


  • Revenue was $6.1 million for the third quarter of 2017 compared to $4.0 million for the third quarter a year ago. Revenue for the first nine months of 2017 was $8.3 million, compared to $11.9 million for the same period in 2016.
  • Operating loss for the third quarter of 2017 was $5.2 million, compared to $4.1 million for the third quarter a year ago. Operating loss was $16.4 million for the first nine months of 2017, compared to $11.1 million for the first nine months of 2016.
  • Net loss for the third quarter of 2017 was $5.2 million, or $0.07 per share, compared to $4.1 million, or $0.08 per share, for the same quarter a year ago. Net loss was $16.4 million, or $0.23 per share, for the first nine months of 2017 compared to $11.1 million, or $0.22 per share, for the first nine months of 2016.
  • For the third quarter of 2017, cash used in operations was $5.7 million compared to $3.8 million for the same period in 2016. For the nine months ended September 30, 2017, cash used in operations was $7.8 million compared to cash used in operations of $10.9 million for the same period in 2016. The cash use for the first nine months of 2017 reflects a $10 million upfront payment received in the second quarter under the development and supply contract for a leading technology company.

As of September 30, 2017 backlog was $15.8 million and cash and cash equivalents were $25.3 million.

Wednesday, November 1, 2017

Connect the dots

If you have Myopia, you might not be seeing this.....

The long view is amazing.


Hololens, India -- increased productivity and efficiency

I have no idea if Microvision may be included in this particular product, but Microvision is a definite contender in the "Near Eye Display" category that will work for devices like this.





NEW DELHI: In the interiors of Punjab, Swedish food packaging giant Tetra Pak is experimenting with a technology that can help solve a complex glitch in its manufacturing line within a matter of minutes, without the need to fly down a specialist. 


The technology, HoloLens, is Microsoft's biggest bet in the area of mixed or virtual reality. It is helping ground-level engineers and doctors to not just access real-time assistance during an emergency situation, but gets expansive real-life-like training as well. 

Microsoft launched the technology in 2015 and several global organisations have already deployed it -space agency NASA uses HoloLens to deliver real-life experiences of walking on Mars in a room. In India, too, HoloLens has started to gain momentum. 

“This is a great example of how you think that technologies such as augmented reality, artificial intelligence are only first world but it turns out that it is needed more here,“ Meetul Patel, general manager for marketing & operations at Microsoft India, told ET. Coupled with artificial intelligence, Internet of Things and big data analysis, HoloLens could become one of the most powerful tools in the coming times, he added. 

“You have the benefits of the skills and talent of the global workforce being applicable to some tier II or III city which may otherwise cost enormous money and predictive maintenance is making sure you are not down for a day or two which may again cost millions,“ Patel said. 

The technology, which seems straight out of a sci-fi film for its ability to turn the empty space around a person into one large 3D screen where hand motions and gestures can shut or open computer icons or type out entire documents, is being deployed by not just Tetra Pak in India, but also several other leading companies including those in healthcare and aviation. 

******

“You can't have milk sitting in a plant while there is a breakdown, it has huge financial consequences. HoloLens is one of the technologies that we have adapted with a view that if we have a problem we can have someone sitting half way across the world walk a service engineer through the solution and you have the system up and running in, say, 20 minutes.“ 


HoloLens is also being used to deliver in-depth aviation maintenance and overhaul training as well as remote support, Ramco Syst .. 

Voga V Video

A great video of the Voga V, where Microvision's PicoP technology enables the onboard projector.

I'm very much waiting for the opportunity to purchase one of these. It will make sharing my pictures so much more fun.

This video is hosted somewhere in China. You will get an advertisement first!








Monday, October 30, 2017

Lenovo AR headset

So, Lenovo is releasing this AR headset, that works with a reflective visor, and a smartphone. It's a step up from what we saw with Pokemon Go. (I occasionally see some die-hard players out there still.)

I will be interested to see how well this is adopted. AR is in the early stages and for industrial applications it's clear that it will be well received. How much people use it for fun, remains to be seen -- but I think it's going to be a it. (maybe not in this iteration.)





NewAtlas  (Source) much more there.



The Mirage headset sports a pair of motion-tracking cameras that keep watch for two markers. First there's a tracking beacon you place on the floor, which tells the system where the ground is and allows the projected characters to find their footing. And of course there's your controller, which looks like the handle of a lightsaber with a glowing nub of a blade on the end.


When you look at the thing in your hand through the AR goggles, a beam of light emerges from the tip with that all-too-familiar hum. It really feels like you're wielding one of the most iconic weapons in movie history, and it's almost entertaining enough just to swing it around and watch it follow your every move. The next step – turn that lightsaber onto some deserving droids.

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The app includes a few other game modes as well. In a similar vein to the droid defense game we played, you can also take on bad guys like Darth Vader and Kylo Ren in lightsaber battles. If you want to slow things down a bit, the classic Holochess game we see in A New Hope is now an (augmented) reality, with players directing the alien pieces around the board by pointing the lightsaber stub. And finally, a mode called Strategic Combat turns your living room floor into a warzone between the Rebels and the Empire, in a strategy game that looks like Age of Empires.

Friday, October 27, 2017

Space Needle VR Bar...

This will probably generate a lot of interest. I have tried VR in a "fear of heights" kind of experiment, and it had a more profound effect than I thought it would.

This is part of the whole growth process. I'll try to get down there to check this out in person.


SEATTLE, Oct. 26, 2017 /PRNewswire/ -- The Space Needle has launched a free virtual reality (VR) installation, The VR Bar, that offers guests four extraordinary ways to experience Seattle's most iconic landmark. In partnership with Panogs and Graffix, the Space Needle developed a sleek bar that gives visitors the virtual experience of walking the Space Needle's outer Halo, flying a seaplane above Lake Union, soaring over Seattle, and bungee jumping from 520' in the air. Included with the price of admission, The VR Bar is available to all guests who visit the Space Needle's Observation Deck.



"Since the Space Needle opened for the 1962 World's Fair, the tower has symbolized innovation and endless possibilities," said Space Needle Chief Marketing Officer Karen Olson. "Today, we're taking that pioneering spirit above and beyond with digital experiences designed to give guests new and exciting ways to interact with Seattle's most iconic landmark."


Panogs, a leading photographic agency that focuses on VR storytelling, refers to the project as one of its most technological challenges to date.

"In less than 30 days, our team was set with the task of developing an authentic and thrilling bungee jump experience," explained Gavin Farrell, Panogs co-founder. "Two of our biggest challenges were navigating the best way to record footage on such a uniquely designed structure, and how to keep the cameras stabilized during the bungee jump fall. While drones are typically used to capture aerial footage, our team dropped a camera from the Space Needle's 520' Observation Deck, which captured a more realistic descent."

In addition to Panogs working with a mechanical engineer to design the camera drop-system, the company also partnered with a gimbal design specialist from Advance Visuals to develop AutoGimbal, a gimbal specifically designed to stabilize the cameras during the free fall. The AutoGimbal measures angular velocity 800 times a second, and the information is used to calculate the amount of motion in the opposite direction. This allowed the camera to remain compass-locked during the free fall with all potential spin and other movement distractions being completely absorbed by the AutoGimbal. 


Once the 360-degree videos were completed, Graffix—a design and build fabricator of signage and branded environments—customized a one-of-a-kind VR installation for the experiences. Also focusing on The VR Bar's user interface and software development, Graffix created a user experience that directly aligned with the Space Needle's brand and vision.

"We were challenged to create a unique interactive exhibit that would facilitate a virtual reality user experience in an environment where there are a varied set of users," said the Graffix President Chris Richardson.

The VR Bar is part of the Space Needle's larger initiative to enhance guests' experiences using technology. In the past few years, the Space Needle has launched a series of digital experiences including augmented reality, virtual reality, interactive experiences, and mixed reality technologies. Visit www.spaceneedle.com/wow/ for more information on the Space Needle's digital experiences.

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About the Space Needle
The Space Needle, one of the most recognized landmarks in the world, is in the midst of a multi-year venture focused on preservation and renovation of the 55-year-old icon. The renovation will update the structure's physical systems and elevate the visitor experience by dramatically enhancing the view with floor-to-ceiling view glass on each level, an open-air observation deck with glass benches over the outer halo of the structure, and a first-of-its-kind rotating glass floor revealing downward views of the structure never seen before.

About Panogs
Panogs is a photographic agency focused on virtual reality storytelling and next generation image capture technologies. From filming in virtual reality from the summit of Mt. Everest for Sports Illustrated, to shooting spherical gigapixel images from the top of One World Trade Center, Panogs has executed projects in some of the most extreme and technically challenging conditions on the planet.

About Graffix
Graffix is a design/build fabricator of interior and exterior signage and branded environments. With an evolving 30-year history beginning in the commercial graphics arena, Graffix has expanded its services into the architectural business markets where innovation and creativity collide to develop high-quality custom signage solutions. They seamlessly manufacture, fulfill, and install complete front and back of house signage and environments including: signage, wayfinding, wall graphics, and decor, communication systems and menus, fixtures and any identity elements for each environment.

Contact:
Danielle Davis, (206) 905-2139
DanielleD@spaceneedle.com