Microvision ASM 2010 Highlights

Pico Projection Solutions
Imagine. Entertain. Share.

Microvision 2010 Annual Shareholder Meeting

Safe Harbor Statement

The statements and graphics in this presentation that are not historical
facts, including statements regarding our future business strategy,
financial situation 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 and adversely differ from those discussed during
the presentation. Information about these risks is contained in
Microvision’s SEC reports and other filings, including Microvision’s
Annual Report on form 10-K filed with the SEC.

© 2009 Microvision, Inc.
All rights Reserved. Page 1

Market Trends

» Current generation smart phones and multimedia devices are
increasingly replacing laptops
» Large installed base of personal media devices (iPods)
» Rich mobile content cannot effectively be displayed on tiny screens

Problem Microvision’s Solution


Multiple End Markets

Notebooks/ Personal Media Handheld Game
Cell Phones Digital Cameras
Netbooks Players Systems

- 1.21 billion mobile phones in - 162 million mobile - 225 million in 2009, - 106 million in 2009 - Nintendo DS:
2009, expected to grow to PC shipments in up from 210 million 5 27.11 million in
1.32 billion in 2010 1 2009, a 15.4% in 2008 4 2009, down from 33
- Reflects 11.6%
increase over 2008. million sold in 2008 6
- Smart phones grew 24% y/y decline but
from 2008 to 172 million in - 29 million represent expected to return - Sony PSP:
2009 2 mini-notebooks 3 to growth in 2010. 9.9million in 2009,
down from 16 million
sold in FY2008 7

• USA Today
• Gartner
• Gartner
• In-Stat
• CNET
• Nintendo
• Kotaku

Critical To Success Factors

Technology

Products

People

Technology

People

Technology

!"
#


IEEE 2010: Top 20 Global Electronics
Companies for IP Prowess

Note: The IEEE Pipeline Power score is derived by multiplying the company's patent count by the product of four other variables: Pipeline
Source: IEEE Growth, Pipeline Impact, Pipeline Generality and Pipeline Originality. In each category, a score above 1.00 indicates that the company
performed better than average in its technology class


Notable External Recognition for IP Pipeline Power

2008:
IEEE - top 20 (#20) IP portfolio among all electronics global
companies
2009:
companies
Patent Board (WSJ) - top 50 (#43) IP portfolio among global
industrial and electronics companies
2010
companies
Patent Board (WSJ) - top 50 (#38) IP portfolio among global
industrial and electronics companies


Products


Microvision Product Portfolio

PicoP Engine

Accessory 1 Embedded

First generation product, Ultimate mid to longer-
longer-
launched September 2009 Term product…embedded
product…

Low to medium volume Large volume


Global Distribution Footprint

…and growing!


WebStore


Recent Notable Industry Awards


Recent Media Coverage

“I saw all the pico projectors, What’s so cool about the
What’
the SHOWWX is the best”best” “The perfect mobile projection SHOWWX is the ability to always
platform for the iPod/iPhone”
iPod/iPhone” be in focus, on any surface.
Christopher Perl, iPhoneLife
Paul Curhtoys, MacLife
Curhtoys, Richard Robbins, BBC

“While the Microvision device is an
“Although the Showwx is approximately
external product, it blows the LG
the size of a mobile phone, it still
eXpo out of the water in terms of
manages to deliver an impressive, vivid
resolution and versatility.”
versatility.” “big screen” viewing experience”
screen” experience”
Melissa Arseniuk , Vancouver Sun
Aharon Etengoff, TG Daily

“Lasers make a big difference for pico
projectors, and Microvision’s
Microvision’ “Microvision won the on-line vote in
on-
SHOWWX Laser Pico Projector is the the last gadget standing hands-down!
hands-
first powered by laser, which gives it This kind of enthusiasm is indicative
better color and infinite focus”
focus” of a very exciting new product.”
product.”

Brian Chen, Wired.com Patrick Houston, Editor in Chief,
Netshelter

Recent Media Coverage

“At times, it felt like little video gnomes had snuck into
CES, and stashed tiny iPhone compatible projectors all
over the place—and most of them sucked—out of focus,
colors from hell and the luminance of a black hole. But
then I found the Microvision SHOWWX, and my faith in
video gnomes was restored. The SHOWWX was by far
the best IPhone/iPod projector that I saw at CES.”

Chas, Hand Held Hollywood


Sizing the Current Competition

3M Optoma Microvision
LCOS TI/DLP PicoP
640 x 480 WVGA 480 x 320 HVGA 848 x 480 WVGA

Enhanced user experience with PicoP -- image is larger, brighter, more
colorful, always in focus, and offers true plug-n-play solution

Sizing The Current Competition

TI DLP 3M LCOS PicoP

N/A

*image through an iPod.
Cannot connect to a laptop
Laptop - PPT Laptop - PPT

All rights Reserved. *Note: Photos taken with iPhone camera Page 17

People


What Do We Need To Do

» Grow PicoP products revenue

» Complete first generation PicoP embedded engine design;
and start supplying display engines to OEM’s for
development of their products

» Innovate and develop new applications that highlight the
competitive advantages of our technology.

» Strengthen the operating infrastructure and organization in
preparation for growth



» Grow PicoP products revenue

Early Leading Indicators:

» Launched product in Europe and Asia in late September 2009

» Launched product in US in March after securing 2nd green laser
source

» Generated record $16.7M order backlog through Q1 2010



» Complete first generation PicoP embedded engine design;
and start supplying display engines to OEM’s for
development of their products


» Completed Gen 1 PicoP engine design in March 2010

» Received in April 2010, an $8.5M P.O. to embed it inside OEM high
end multimedia device



» Innovate and develop new applications that highlight the
competitive advantages of our technology.


» New higher brightness, HD prototype Pico Projector the size of
iPhone

» Gaming – Intel’s Extreme Masters series



» Strengthen the operating infrastructure and organization in
preparation for growth

» Recruited new senior talent in Operations, Sales and Marketing and
Engineering

» Expanding presence in Asia

» Selected by NW Business publication as “100 Best Companies To Work
For”


Challenges & Opportunities


Additional Markets and Applications

Automotive
Head up Display

Improved Driver Safety

Personal Displays
Fashion Eyewear
Display

Mobility Redefined

Gaming
Improved Interactive
Experience

© 2009 Microvision, Inc. Imagine. Entertain. Share.

Innovation Enabled by PicoP

Medical Aviation Digital Signage Point of Sale
Gaming
Vehicle Displays Smartphone Laptop
Augmented Reality Eyewear
Military 3D Image Capture


Wrap

Best-in-Class Technology

25 23.4

20

Large TAM

Units (in millions)
14.8
15

10
5.9
5
0.2 1.1
0
2009E 2010E 2011E 2012E 2013E

Multiple End Markets

Initial Product Validation

Rapidly Building Momentum

Experienced and Innovative Team


Thank you!

Microvision ASM 2010 Highlights

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Editor's Notes