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REDMOND, WASHINGTON - MicroVision, Inc. (NASDAQ:MVIS), a $324 million market cap technology company currently rated as fairly valued according to InvestingPro analysis, announced Monday that its MOVIA lidar system is now supported on the NVIDIA DRIVE AGX platform, a development that could streamline integration for automotive customers seeking advanced perception solutions.
The NVIDIA DRIVE AGX platform is designed to process complex workloads required for autonomous driving applications. According to the company, MicroVision’s integration will provide automotive OEMs with point cloud data processed by perception compute capabilities within the sensor itself. With analysts projecting significant sales growth for the current year, this integration could prove crucial for the company’s expansion plans.
"With our MOVIA solution now supported on the NVIDIA DRIVE AGX platform via a plugin driver, we’re giving automotive OEMs and other partners robust point cloud data already processed by our powerful perception compute within the sensor," said Glen DeVos, CTO of MicroVision.
The company stated that its MOVIA L sensor is designed for commercial trucking applications, while the MOVIA S sensor aims to deliver performance at competitive pricing for high-volume automotive applications.
MicroVision develops integrated lidar hardware and perception software solutions from its facilities in Redmond, Washington and Hamburg, Germany. The company’s technology portfolio includes MEMS-based long-range lidar and flash-based short-range lidar systems integrated with onboard perception software.
The announcement comes as automotive manufacturers continue developing advanced driver-assistance systems (ADAS) and autonomous driving capabilities. The company indicated in its press release statement that availability on the NVIDIA platform could accelerate integration opportunities with automotive manufacturers. With its next earnings report due on August 6, InvestingPro subscribers can access 13 additional investment tips and comprehensive analysis to evaluate MicroVision’s growth trajectory in this competitive sector.
In other recent news, MicroVision Inc. reported its Q1 2025 earnings, noting a revenue of $600,000, largely generated from its industrial sectors. The company achieved a 45% reduction in expenses compared to the previous year, emphasizing its strategic focus on broadening its product offerings in automotive, industrial, and defense markets. Meanwhile, MicroVision has sought shareholder approval to increase its authorized shares of common stock, a proposal seen as vital for executing its strategic plan and reinforcing financial strength. CEO Sumit Sharma highlighted the importance of this move to ensure flexibility for strategic initiatives that could enhance long-term shareholder value. In another development, MicroVision announced changes to its executive compensation structure, introducing the 2025 Executive Bonus Plan to motivate and retain employees based on performance. The plan allows for bonuses in cash, equity awards, or a mix of both, tied to the company’s financial outcomes and individual contributions. Additionally, the company appointed Laura Peterson to its Board of Directors, following the retirement of Dr. Mark Spitzer. Peterson brings over 30 years of executive experience, including significant roles at Boeing and other sectors related to robotics and transportation.
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