Microvision Awarded Additional $7.5 Million From U.S. Army

Company Will Modify High-Performance Helicopter Display and Virtual Cockpit

Program



Apr 04, 2001, 01:00 ET from Microvision, Inc.

    BOTHELL, Wash., April 4 /PRNewswire/ -- Microvision, Inc. (Nasdaq:   MVIS)
 today announced that it will receive a contract modification for an additional
 $7.5 million from the U.S. Army Aircrew Integrated Systems Product Office
 awarded through the Aviation Applied Technology Directorate (AATD).
 Microvision will modify the Virtual Cockpit Optimization Program (VCOP) and
 the Aircrew Integrated Helmet System (AIHS) for use in attack and utility
 helicopters.
     The contract addition allows Microvision to continue its modifications of
 the AIHS and VCOP helmet.  Microvision will improve the helmet's electronics,
 optics and scanning features to increase overall system efficiency and
 performance.  Microvision also will begin efforts to flight demonstrate the
 VCOP system.
     The contract indicates that the potential requirement for the VCOP system
 is an estimated average yearly procurement quantity of 500 systems per year
 and an estimated total quantity of 3,000, with an average selling price
 objective not to exceed $750,000.
 
     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 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 and Quarterly
 Reports on Form 10-Q, as filed with the Securities and Exchange Commission.
 
 

SOURCE Microvision, Inc.
    BOTHELL, Wash., April 4 /PRNewswire/ -- Microvision, Inc. (Nasdaq:   MVIS)
 today announced that it will receive a contract modification for an additional
 $7.5 million from the U.S. Army Aircrew Integrated Systems Product Office
 awarded through the Aviation Applied Technology Directorate (AATD).
 Microvision will modify the Virtual Cockpit Optimization Program (VCOP) and
 the Aircrew Integrated Helmet System (AIHS) for use in attack and utility
 helicopters.
     The contract addition allows Microvision to continue its modifications of
 the AIHS and VCOP helmet.  Microvision will improve the helmet's electronics,
 optics and scanning features to increase overall system efficiency and
 performance.  Microvision also will begin efforts to flight demonstrate the
 VCOP system.
     The contract indicates that the potential requirement for the VCOP system
 is an estimated average yearly procurement quantity of 500 systems per year
 and an estimated total quantity of 3,000, with an average selling price
 objective not to exceed $750,000.
 
     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 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 and Quarterly
 Reports on Form 10-Q, as filed with the Securities and Exchange Commission.
 
 SOURCE  Microvision, Inc.