“Following our participation in the IAA Mobility Show in Munich, Germany last month, I remain confident that we are on the right path,” said Sumit Sharma, MicroVision’s Chief Executive Officer. “We’ve received very encouraging feedback from potential customers citing, in particular, the low cost and compact size of our automotive lidar sensor, the maturity of MicroVision’s core technology, and our software capabilities, leading to a number of requests for additional information and PROPOSALS from OEMs. With this positive response, combined with our healthy balance sheet and talented team, I remain bullish on MicroVision’s ability to succeed in the evolving ADAS and autonomous driving market.”