MicroVision's Recent Press Release Reveals Great Promise for Company

3/11/2021

Vineeth Mothe and Bahram Negahban

Although MicroVision has been a sleeping giant for the past few years, this new technology will be its reawakening.

Laser technology company MicroVision (MVIS) has recently undergone several substantial updates regarding its new Lidar technology. Lidar, which stands for light detection and ranging software, is an up-and-coming field of innovation. The sector’s primary objective is to create a level 4 autonomous vehicle.

“This equates to 520 points per square degree. Our LRL Sensor will also output velocity of moving objects relative to an ego vehicle across our dynamic field of view in real-time 30 Hz sensor output. This sensor would accelerate development of Level 3 (L3) autonomous safety and Level 4 (L4) autonomous driving features that are important to potential customers and interested parties.” This development means that unlike Tesla's current level of autonomous vehicle (Level 2), this technology will be safe enough to have no hands on a steering wheel.

MicroVision’s recent press release highlighted the key elements of its new Lidar software, which boasts capabilities and components that surpass any other current technology. This position puts the company in a great position since its current market cap is lower than many other prominent lidar companies. The promising application has garnered more investors in MicroVision and increased its stock price.

“We expect our 1st generation LRL Sensor to have range of at least 250 meters and the highest resolution at range of any lidar with 340 vertical lines up to 250 meters, 568 vertical lines up to 120 meters and 944 vertical lines up to 60 meters.” Its promising applications caused share prices to skyrocket on February 10 during after-hour trading. Its 50% increase is “Just the beginning,” according to major shareholder Brent Awbrey. This company is certainly on the rise.

This news is very good for shareholders because of the rumors that have spread throughout the past few months, including a potential Apple buyout. Since the company (AAPL) has been working on their Lidar full self-driving cars, and MVIS has the patents and technology, if AAPL decides to purchase the company, share prices will skyrocket. This buyout is what shareholders are looking and waiting for because this would result in this company’s market cap increasing by up to 10 times.

Back

B-Line

B-Line students write articles that capture what it means to be part of the Barstow community, and record, review and analyze current events.

B-Line's origins date back to 1897, when students published "The School Paper," from Barstow's Quality Hill campus. It was published under various names in following decades, including "The Cornpatch," when Barstow moved to State Line in 1961. Today, B-Line is primarily a digital publication.

“Success in any line of work demands one know how to communicate with others concisely and persuasively.”

Adviser

List of 1 members.

Lucia Scott
Bio
Ms. Scott is an expert in communications, both spoken and written. Besides leading the staff of student journalists at B-Line, she teaches Advanced Debate and middle school Introduction to Debate, International Studies and Current Events.

She attended high school in the Wichita area where she occupied herself with debate and writing. Ms. Scott obtained her degree in secondary education (speech/ theatre) with a minor in communication studies from Kansas State University. She received her master’s degree in communication from Baylor University in 2018.

She believes every student should be a capable communicator and self-advocate shaping their own future. She finds that both mass communication settings like B-Line and rhetorical settings like debate prepare students for their future.