NASDAQ: MVIS

Founded
in 1993, MicroVision, Inc. is a pioneer in laser beam scanning, or LBS technology, which is based on our patented technology in micro-electromechanical
systems, or MEMS, laser diodes, opto-mechanics, electronics, algorithms and software and how those elements are packaged into a small
form factor. Throughout our history, we have combined our proprietary technology with our development expertise to create innovative
solutions to address existing and emerging market needs, such as augmented reality microdisplay engines; interactive display modules;
consumer lidar components; and, more recently, lidar sensors and software solutions for automotive, industrial, and security & defense
markets.

In
January 2023, we acquired certain strategic assets of Germany-based Ibeo Automotive Systems GmbH, which was founded in 1998 as a lidar
hardware and software provider. Ibeo developed and launched the first lidar sensor to be automotive qualified for serial production with
a premium, or Tier 1, automotive supplier and that is currently available in passenger cars by premium original equipment manufacturers,
or OEMs. Ibeo developed software solutions, including perception and validation software, also used by premium OEMs. In addition, Ibeo
sold its products for non-automotive uses such as industrial, agriculture, smart infrastructure, and robotics applications.

In
January 2026, we completed the acquisition of assets from Scantinel Photonics GmbH, based in Germany. Scantinel develops a unique lidar-on-chip
solution, utilizing 1550nm frequency-modulated continuous wave, or FMCW, technology. Our 1550nm FMCW lidar solution has applications
for long-range use cases across our target markets, with particularly compelling advantages for the commercial vehicle market.

3

In
February 2026, we completed the strategic acquisition of assets primarily comprising the worldwide lidar business of Luminar Technologies,
Inc. The acquired assets include the IRIS sensor, a 1550nm time-of-flight long-range lidar, and its next generation HALO sensor, built
off the same architecture as IRIS but with improved performance and reduced size and cost. The automotive-grade IRIS sensor achieved
start of production in April 2024, with subsequent deliveries used in vehicles for road data collection and system training. The acquisition
also included SENTINEL, under development as a full-stack software platform supporting safety and autonomy applications for passenger
vehicles and commercial trucks.

Our
hardware solutions include a broad and multi-featured portfolio of lidar sensors, which can be integrated with our software or with our
customers’ software, targeted for sale to automotive OEMs and Tier 1 suppliers, industrial mobility and autonomy companies, and
security & defense contractors. Our lidar sensors, all solid state, include MOVIA™, a flash-based short- to mid-range sensor;
MAVIN™, a MEMS-based 905nm long-range sensor capable of small object detection; IRIS and HALO, each a 1550nm long-range sensor;
and our Scantinel 1550nm long-range FMCW lidar. Our software stack has met the rigorous requirements of automotive qualification and
incorporates advanced features, like localization and fusion. We also develop customer-specific application software, allowing expansion
into a wide array of sectors.

In
2025, we recorded an impairment charge of $10.1 million in connection with perception software acquired from Ibeo, a $9.9 million
write-down of select MOVIA L sensor inventory, as well as a $2.2 million impairment charge associated with certain production
machinery and tooling equipment related to our MAVIN sensor. Additionally, in 2025, we recorded an adverse purchase commitment of
$3.2 million related to the production of select MOVIA L sensor inventory. See