Boston, MA 05/20/2013 (wallstreetpr) – Friday’s trading session saw Microvision, Inc (NASDAQ:MVIS) climbing up by 19.37%. It opened at a price of $2.22 which reached an intraday high of $2.74 before heading down to close at $2.22 per share. Close to 0.947 million shares exchanged hands in the previous trading session, which was above the average volume of 0.172 million that was measured over a 30-day period.
MVIS in involved in the development of miniature, high-resolution laser displays and imaging engines. These are based on its PicoP display engine technology. This technology uses its two-dimensional lasers, Micro-Electrical Mechanical Systems, optics as well as electronics in the creation of a still image or a video. This comes from a tiny form-factor device that has low power requirements in comparison to conventional display technologies. It focuses on providing mobile consumer devices-users, such as, media players, smartphones, tablets and other consumer electronics products with large screens viewing.
This is produced by a small embedded projector. These products afford users the ability to watch videos and movies, display images, play video games on a range of surfaces. In essence, this frees users from the restrictions that a palm-sized screen has. As of 31 December 2011, it markets and sells the SHOWWX line of accessory pico projectors. These use its PicoP display engine via a network of global distributors. Microvision, Inc (NASDAQ:MVIS) works with original equipment manufacturers (OEMs) as well as others to produce and distribute products that are PicoP-based. It is also involved in marketing and selling the SHOWWX line of accessory pico projectors. These make use of its PicoP display engine.
