COMPANY OVERVIEW MARCH 28, 2019 - MICROVISION, INC.
←
→
Page content transcription
If your browser does not render page correctly, please read the page content below
Company Overview
March 28, 2019
Safe Harbor Statement
The statements and graphics in this presentation that are not historical facts, including statements regarding our future business strategy, future
products and technology development, market growth and technology adoption, financial growth, and plans and objectives for future
operations, are forward-looking statements. Such forward-looking statements are inherently uncertain and necessarily involve risks that may
affect MicroVision’s business prospects and performance, causing actual results to materially differ from those discussed during the
presentation. 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; market acceptance of our technologies and products, and for
products incorporating our technologies; the failure of our commercial partners to perform as expected under our agreements; our ability to
identify parties interested in paying any amounts or amounts we deem desirable for the purchase or license of intellectual property 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 and to develop partnership opportunities; 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 for the year ended December
31, 2018. The forward-looking statements in this presentation speak only as of the date of this presentation, and, except as expressly required
by the federal securities laws, MicroVision undertakes 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.
© 2019 MicroVision 2
Re-inventing MicroVision
• We are a pioneer in laser beam scanning
(LBS) technology
• We are evolving from an R&D entity to a
solutions provider
• Changed our corporate culture
• Sharpened our product roadmap
• Developed new MEMS, ASICs and added
machine intelligence on our modules
• Now engaged with multiple North
American Tier 1 AI platform owners
• Anticipate seeing products launched in
volume in the 2nd half of this year
MicroVision: Core Competencies
Core System IP
Developed and continuously matured
Innovative Developer of
PicoP® Scanning Technology Embedded Software
Embedded firmware and machine intelligence
Over 500 patents issued
and pending Custom ASIC + MEMS
Enables scaling of our module business
NASDAQ: MVIS
Custom Hardware
Allows MicroVision to develop unique
solutions that are difficult to replicate
Advanced Manufacturing
Allows us to compete with fabless and CM models
© 2019 MicroVision 4
Artificial Intelligence
is the Product
Global spending on AI systems world wide in 2018 is
expected to be $19.1B USD
It is expected to grow at CAGR of 46.2% from 2018 to
2021 to reach $52.2B USD*
MicroVision is focused on enabling unique Input /
Output solutions for Artificial Intelligence connected
products and services targeting 4 market verticals
*IDC report Worldwide Semi-annual Cognitive/Artificial Intelligence
Systems Spending Guide, reported March 22, 2018 in Business Wire
© 2019 MicroVision 5
AI Enabled With MicroVision,
Devices they can:
LISTEN AND
SPEAK
By focusing on the user
experience,
ANSWER BASIC
QUESTIONS
we make it easier, more
natural and seamless to
interact with AI
PERFORM SIMPLE
TASKS
© 2019 MicroVision 6
Initially Targeting These Markets
IOT Products Consumer
Interactive Display & LiDAR
Display Only through Smart Home &
our License Partner Security
© 2019 MicroVision 7
IoT Products
© 2019 MicroVision
IoT Products
The smart speaker market is growing but limited to voice commands. Most
users use only a few simple skills not tied to monetization
Amazon shipped 3.6M Echo
family units in Q2 20181
Google shipped
3.1M Home family units
in Q2 20181
Smart Speaker forecast 85M units in 2021, over 320M
units installed base2
1. Strategy Analytics, Global Smart Speaker Shipments and Revenue by Model and Price Band: Q2 2018
2. 2018 IHS Markit Report on Smart Speakers
© 2019 MicroVision 9
IoT Products: Interactive Display Integrated display & interactivity module with edge computing Augments voice assistants with a large interactive display enabling a more natural user experience for seamless transactions and expanded access to services Industry leading 80lm brightness* for a laser beam scanned display with embedded Time-of-Flight sensing * Enhanced brightness, typical video content © 2019 MicroVision Illustrative application 10
IoT Products: Display Only
DISPLAY-ONLY LICENSED
Display-Only products could be very similar to
interactive display, but at a lower price point
Illustrative application
Licensed Display-Only to technology leader
that was capable of hitting the lower price point
required of this product
Basic elements to the agreement:
• $10M license fee paid in 2018
• Purchase of ASICS and MEMS components
from MicroVision
• Minimum purchase requirements to
maintain exclusivity is approximately $20M
per year after a ramp-up period
© 2019 MicroVision 11IoT Products: Status of IoT Sales Efforts
We believe Display-Only product,
through licensee, is very close to a
significant design win with a Tier 1 OEM Illustrative application
Interactive Display has strong interest
from multiple Tier 1 OEMs.
• Working for 2019 orders
• Some OEMs may want to launch in
2020
• Some NRE in 2019 possible for
customization
© 2019 MicroVision 12Consumer LiDAR
Smart Home &
Security
© 2019 MicroVisionConsumer LiDAR High fidelity sensing and presence detection for AI enabled services through IoT devices © 2019 MicroVision 14
Consumer LiDAR
High fidelity sensing and presence detection for
AI enabled services through IoT devices
Giving OEM Solutions the ability to:
• Know who and how many people are in a
space
• Control devices based on that information
• Entertainment content
• Purchases more efficient
• Home devices share the sensor
33% US homes are projected to have
a security system by 2022, annual market of
$8B.1
1. Statista.com April 2018
© 2019 MicroVision Illustrative application 15Consumer LiDAR
Our solution has:
• Very high-density point cloud (up to 20M
points/sec),
• Machine Intelligence for object recognition
• Reduced compute power
• Low latency
• Right size and cost
© 2019 MicroVision 16Consumer LiDAR
Market Status
• March 2019 expect to begin shipping
Explorer Kits to OEMs
• Explorer Kits are designed to allow OEMs to
design products that incorporate the
Consumer LiDAR
• Targeting OEMs to launch products in 2020
Illustrative application
© 2019 MicroVision 17Also Targeting Two More Markets
?
IOT Products Consumer April 2017 Automotive
Interactive Display & LiDAR Contract LiDAR
Display Only through Smart Home & High Definition Active Collision
our License Partner Security Display System Avoidance
© 2019 MicroVision 18April 2017 Contract: High Definition Display System
April 2017 Contract Status of the Contract
• $15.2M in Development Fees • Expect to complete the
• $10M Prepayment for future development in Q2
component purchases • Expect to receive orders for
• MVIS Develops MEMS, ASICS, SW components in March or April
for HD Display and will sell those
components to the customer • Expect shipments to begin in Q2
• Unable to name the customer, a
leading technology company
• Unable to name the product or
target market
© 2019 MicroVision 19Automotive LiDAR Active Collision Avoidance
Automotive LiDAR: Active Collision Avoidance
OEM demand driven by safety
regulations and technology disruption
Level 3 safety systems are expected to
drive market volume
We believe our core technology gives us
a competitive advantage
95M cars and light trucks sold
world wide in 20171
Nearly 1.25 million people die
in road crashes each year. An
additional 20-50 million are
injured or disabled2
1. LMC Automotive Global Light Vehicle Sales Update (1/17/2018)
2. Annual Global Road Crash Statistics, ASIRT.org
© 2019 MicroVision 21How our technology
works…click here for video*
*When the video is finished, hit your browser back button to return to slide presentation
© 2019 MicroVision• Sell components to customer of April
2017 contract
• Sell components to licensee of Display-
Only Technology for Tier 1 OEM product
• Sell Interactive Display Modules to Tier 1
OEMs
• Sell Consumer LiDAR Explorer Kits in
2019, Targeting 2020 Product Launches
© 2019 MicroVision 23• Use world-class ODMs, already in the supply chain
of OEMs, for modules and components
• ODMs allows for low manufacturing investment and
control of expenses during ramp
• Leverage industry standard processes for MEMS
silicon and ASICs
• Use highly automated processes proven to operate
at high first-pass yields
• Working with large contract manufacturer to reduce
MicroVision’s need to finance working capital
• Common components between Display-Only,
Interactive Display, and Consumer LiDAR drive costs
down due to shared volume
© 2019 MicroVision 24Company Highlights
Addressing large Near-Term • Experienced
emerging market Opportunities with: management
opportunities: • April 2017 team
• IoT Products contract customer • Strong intellectual
• Consumer LiDAR • Display-Only property
• Automotive LiDAR licensee
• Strong Interest in
Interactive Display
with Multiple Tier
1 OEMs
© 2019 MicroVision 25BRINGING IO TO AI © 2019 MicroVision, Inc. All rights reserved. PicoP® is a registered trademark of MicroVision, Inc. All other trademarks are the property of their respective owners.
You can also read
