MicroVision, WPG Holdings enter into distribution agreement for Asia
MicroVision and WPG Holdings announced that they have entered into an agreement for distribution of MicroVision's line of PicoP scanning engines across Asia. WPG will distribute MicroVision's engine products in China, Taiwan, Japan, Korea, India and Southeast Asia through its subsidiaries AIT Group, WPG Korea and South Asia. MicroVision has announced its plans to have three different PicoP scanning engines in the market in 2017 and 2018: the first engine is available now for applications that benefit from a small form factor display engine; the second engine, for which development kits began sampling this quarter, combines projected display with an interactive user interface that mimics the familiar touch screen of a smartphone or tablet; the third engine is a 3D sensing solution for mid-range LiDAR, and samples are expected to be available in 1H18. WPG and its subsidiaries will provide sales and marketing and technical support as well as distribution services. The agreement is effective immediately.