MicroVision expands revenue programs in security, defense markets

MicroVision (MVIS) announced expanding traction in security and defense markets, with an increase in sensor shipments supporting a range of mission-critical applications. “Not only are we seeing an increase in initial customer shipments, we’re receiving meaningful repeat orders from customers following successful evaluation programs and integrations,” said Glen DeVos, CEO of MicroVision. “For example, a defense-industry customer that has been integrating 200+ Movia L units over the past several months recently placed another order for 200 additional units. Another customer is looking to bring Iris sensors to the front line. With sensor inventory on hand, MicroVision can support customers like these behind the scenes as they carry out high-stakes, discreet operations. We’re proud to see MicroVision sensors become an integral part of autonomous safety systems serving urgent needs in active war zones. Today’s defense strategies require perception-based autonomy that can adapt to rapidly changing environments. Our lidar solutions are designed to meet stringent operational requirements while giving customers an open software architecture they can innovate and manipulate based on emergent needs.”