Microvision Awarded $400,000 Add-on to Development Contract

    Business Editors/High-Tech Writers

    BOTHELL, Wash.--(BUSINESS WIRE)--March 7, 2005--Microvision (Nasdaq:MVIS), the leader in light scanning technologies for displays and imaging, announced today that it has been awarded a $400,000 add-on to a previously announced development contract. The add-on expands the scope of work for the project which is underway. During the first quarter of 2005, the company has announced new contract bookings totaling in excess of $7.6 million.
    "We are off to the strongest start in the company's history for new contract bookings," stated Rick Rutkowski, Microvision CEO. "We expect this trend to continue through the first half of the year with additional bookings later this quarter or early in the second quarter. We continue to make excellent progress in delivering breakthrough technology solutions to global market leaders in several significant product categories."

    About Microvision: www.microvision.com

    Headquartered in Bothell, Wash., Microvision Inc. is the world leader in the development of high-resolution displays and imaging systems based on the company's proprietary silicon micro-mirror technology. The company's technology has applications in a broad range of military, medical, industrial, professional and consumer products.

    Forward-Looking Statements

    Certain statements contained in this release, including those relating to future contracts and product applications and those which use "expect," 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: market acceptance of our technologies and products; our ability to obtain financing; 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 and to develop partnership opportunities; the timing of commercial product launches; the ability to achieve key technical milestones in key products; and other risk factors identified from time to time in the company's SEC reports, including in its Annual Report on 10-K for the year ended December 31, 2003, and its Quarterly Reports on Form 10-Q.

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CONTACT: Microvision Inc. Matt Nichols, 425-415-6657 (Media) Brian Heagler, 425-415-6794 (Investors)

KEYWORD: WASHINGTON INDUSTRY KEYWORD: HARDWARE COMPUTERS/ELECTRONICS AEROSPACE/DEFENSE GOVERNMENT MANUFACTURING SOURCE: Microvision Inc.

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