Monday, June 22, 2009

Microvision Gets $15M PIPE Investment

Redmond-based Microvision, a developer of micro-display products and technology, said this morning that the firm has reached an agreement with Taiwanese firm Walsin Lihwa to receive a $15M equity investment from the firm. According to MicroVision, the investment will come through Walsin Lihwa's subsidiary, Max Display Enterprises Limited, a provider of MEMs-based display products. The deal comes in the form of a securities purchase agreement, which includes a discounted price to Microvision's common stock plus warrants. Microvision's display technology is being applied to wearable displays, vehicle displays, and other areas; the firm also sells bar code scanners.