MICROVISION Business Summary

MicroVision, Inc. (MVIS) operates a high-growth business model centered on the commercialization of proprietary Micro-Electro-Mechanical Systems (MEMS) based LiDAR sensors and perception software. The company generates revenue through hardware sales of its MAVIN and MOVIA sensor suites, software licensing of its MOSAIK validation platform, and specialized engineering services. Its primary business segments include Automotive (ADAS and autonomous driving), Industrial (robotics and logistics), and a newly established Defense and Aerial Systems division. In early February 2026, MicroVision significantly expanded its market footprint by completing the acquisition of key LiDAR assets from Luminar Technologies following its bankruptcy, integrating the Iris and Halo product lines into its portfolio. Positioned as a low-cost, high-performance leader in solid-state technology, MicroVision competes directly with Innoviz Technologies, Cepton, and indie Semiconductor, distinguishing itself through a "dual-engine" strategy that balances long-cycle automotive contracts with near-term industrial and defense revenue. Originally founded in 1993 by Thomas A. Furness III to commercialize virtual retinal display technology, MicroVision is currently led by Chief Executive Officer Glen DeVos, who assumed the role in September 2025 after serving as CTO and previously holding senior leadership positions at Aptiv and Delphi Automotive. The executive team includes Interim CFO Stephen Hrynewich, a veteran of Lucid Group and General Motors, and General Counsel Drew Markham. The company’s strategic direction is overseen by a high-pedigree Board of Directors, including Chairman Robert Carlile, former NVIDIA executive Jeffrey Herbst, and former Boeing executive Laura Peterson. While maintaining a highly active retail investor base, MicroVision’s institutional stability is anchored by major passive shareholders including Vanguard, BlackRock, and State Street, reflecting its transition from a pure R&D entity to a scaled technology supplier.