Microvision, Inc. Announces Proposed Underwritten Public Offering of Shares of Common Stock and Warrants

Business Wire, May 9, 2006

REDMOND, Wash. -- Microvision, Inc. (Nasdaq:MVIS) announced today that it plans to offer its common stock and warrants in an underwritten public offering.

Microvision intends to use the net proceeds for general corporate purposes.

MDB Capital Group LLC is expected to act as the lead underwriter of the offering.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. A prospectus supplement relating to these securities has been filed with the Securities and Exchange Commission. The offering of the shares of common stock may be made only by means of the prospectus supplement and related prospectus, copies of which will be available from MDB Capital Group LLC, 401 Wilshire Boulevard, Suite 1020, Santa Monica, California 90401 by calling 310-526-5000.

About Microvision: www.microvision.com

Headquartered in Redmond, 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 enables solutions and products in a broad range of industrial, consumer, military, and medical applications.

Forward-Looking Statements Disclaimer

Certain statements contained in this release, including closing of proposed financing, product applications, as well as statements containing words like "believes," "estimate," "expects," "anticipates," "target," "plans," "will," "could" and other similar expressions, 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: capital market risks, our ability to raise additional capital when needed; market acceptance of our technologies and products; our financial and technical resources relative to those of our competitors; our ability to keep up with rapid technological change; our dependence on the defense industry and a limited number of government development contracts; 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; 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, risks related to the business of Lumera Corporation and the market for its equity, which impacts our existing investment in Lumera Corporation; and other risk factors identified from time to time in the company's SEC reports and other filings, including the Company's Annual Report on Form 10-K filed with the SEC. Except as expressly required by the federal securities laws, we undertake 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.