MicroVision Announces Retirement of Board Member Richard A. Cowell
March 27 2017 - 5:30PM
Business Wire
Cowell is stepping down following a twenty-year
tenure on the company’s board
MicroVision, Inc. (NASDAQ: MVIS), a leader in innovative
ultra-miniature projection display and sensing technology, today
announced that Colonel (Ret.) Richard A. Cowell will not stand for
re-election to the board of directors and will step down when his
current term expires at the company’s 2017 annual meeting of
shareholders.
Colonel (Ret.) Cowell, who currently chairs the audit committee,
has been a member of MicroVision’s board of directors since August
1996 when it first became a publicly traded company. His extensive
military experience, from 25 years of service in the US Army and
later as a Principal at Booz Allen Hamilton focused on Department
of Defense and other agency contracts, aided MicroVision in its
first ten years which were characterized by defense-related
contracts. As the company turned its focus in 2006 to consumer
electronics and other commercial markets, Colonel (Ret.) Cowell’s
administrative and executive experience continued to benefit the
company.
“Rich Cowell has been a cornerstone of MicroVision’s board, and
we wish him well,” said Brian Turner, Chairman and Independent
Director at MicroVision. “Not only has he provided great insight
and guidance from his distinguished service in the Army and his
experience as a Principal at Booz Allen Hamilton, but he is a
fantastic person to know and work alongside and will be greatly
missed.”
“Watching the evolution of MicroVision and its laser beam
scanning technology for these many years has been an extraordinary
experience,” said Colonel (Ret.) Cowell. “I plan to continue
watching the company’s progress as it looks to broaden its
applications beyond projection to 3D sensing and exciting new
applications like autonomous vehicles. It is also gratifying to see
the company engage in augmented and virtual reality eyewear, an
application with roots in the early days of MicroVision when I
joined the board.”
Robert Carlile, a former partner at KPMG LLP, was recently named
to the board of directors and to the audit committee.
About MicroVision
MicroVision is the creator of PicoP® scanning technology, an
ultra-miniature laser projection and sensing solution based on the
laser beam scanning methodology pioneered by the company.
MicroVision's platform approach for this advanced display and
sensing solution means that it can be adapted to a wide array of
applications and form factors. It is an advanced solution for a
rapidly evolving, always-on world. Extensive research has led
MicroVision to become an independently recognized leader in the
development of intellectual property. MicroVision’s IP portfolio
has been recognized by the Patent Board as a top 50 IP portfolio
among global industrial companies and has been included in the
Ocean Tomo 300 Patent Index. The company is based in Redmond,
Wash.
For more information, visit the company’s website at
www.microvision.com, on Facebook at www.facebook.com/MicroVisionInc
or follow MicroVision on Twitter at @MicroVision.
MicroVision and PicoP are trademarks of MicroVision, Inc. in the
United States and other countries. All other trademarks are the
properties of their respective owners.
Forward-Looking Statements
Certain statements contained in this release, including those
relating to possibilities for future product, product applications
and expansion into new markets are forward-looking statements that
involve a number of risks and uncertainties. Factors that could
cause actual results to differ materially from those projected in
the company's forward-looking statements include the following: our
ability to raise additional capital when needed; products
incorporating our PicoP® scanning technology may not achieve market
acceptance, commercial partners may not perform under agreements as
anticipated, we may be unsuccessful in identifying parties
interested in paying any amounts or amounts we deem desirable for
the purchase or license of IP assets, our or our customers failure
to perform under open purchase orders; our financial and technical
resources relative to those of our competitors; our ability to keep
up with rapid technological change; government regulation of our
technologies; our ability to enforce our intellectual property
rights and protect our proprietary technologies; the ability to
obtain additional contract awards; the timing of commercial product
launches and delays in product development; the ability to achieve
key technical milestones in key products; dependence on third
parties to develop, manufacture, sell and market our products;
potential product liability claims; and other risk factors
identified from time to time in the company's SEC reports,
including the company's Annual Report on Form 10-K filed with the
SEC. Except as expressly required by federal securities laws, we
undertake no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information,
future events, changes in circumstances or any other reason.
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version on businesswire.com: http://www.businesswire.com/news/home/20170327006258/en/
MicroVision, Inc.Dawn Goetter, 425-882-6629
(investors)ir@microvision.comorNicole Cobuzio, 732-212-0823 ext.
102 (media)nicolec@lotus823.com
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