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MicroVision IRIS long-range lidar selected by Overland AI for its next-gen IBEX autonomous ground vehicle. REDMOND, Wash., October 15, 2026 (Newswire.com) - MicroVision, Inc. (NASDAQ:MVIS), a leader in advanced perception solutions for industrial, security and defense, and automotive applications, today announced that its IRIS(TM) long-range lidar sensor has been selected by Overland AI, a leader in autonomous ground systems for defense applications, for integration into its recently launched next-generation fully autonomous ground vehicle, IBEX. As a leading developer of autonomous ground capabilities built to perform in demanding mission environments, Overland AI's IBEX boasts a payload capacity of 2,000 pounds and can drive at speeds over 35 mph in full autonomy. Overland AI is the first ground autonomy company to prime a production contract for the U.S. military. With long-range detection, high-resolution perception, and a compact architecture, MicroVision's IRIS sensor bolsters the perception capabilities of the IBEX in demanding operating environments. IRIS integrates the detailed environmental data autonomous systems need to navigate dynamic terrain safely and effectively. Its solid-state design enables reliable performance in off-road conditions, while its use of a 1550 nm wavelength makes it invisible to night vision goggles, providing a critical advantage in combat environments. "We're thrilled that IRIS was selected by Overland AI for the newest addition to its industry-leading line of AGVs," said Glen DeVos, CEO of MicroVision. "The selection of IRIS for Overland's IBEX vehicle underscores the capability and readiness of our sensor to reliably perform in the most challenging defense environments." "IRIS supports our mission to advance autonomous ground capabilities with reliable perception technology suited to demanding operational environments," said Greg Okopal, co-founder and chief operating officer of Overland AI. "When developing mission-ready technology for harsh environments, the reliability and performance of all system components is critical." This announcement reflects MicroVision's continued expansion into the security & defense market, where lidar can provide critical perception capabilities for autonomous vehicles, robotics, perimeter security, and other applications operating in demanding environments where accuracy, range, and reliability are essential. About Overland AI Founded in 2022 and headquartered in Seattle, Washington, Overland AI builds autonomous land systems to defend the United States and its allies. The company is filling a capability gap with off-road autonomy that takes on the critical tasks that put humans at greatest risk. Overland AI products span the full stack across autonomy software, the sensors and control systems that enable perception and maneuver, and in-house manufacturing to deliver autonomous assets rapidly and at scale. About MicroVision MicroVision is defining the next generation of lidar-based perception solutions for industrial, security & defense, and automotive markets. As the industry moves beyond proof of concept toward value, deployment, and commercialization, MicroVision delivers integrated hardware and software solutions designed for real-world performance, automotive-grade reliability, and economic scalability. With engineering centers in the U.S. and Germany, MicroVision leads the industry in depth and breadth of its portfolio, with both short- and long-range lidar solutions, featuring solid-state sensors with varying wavelengths, advanced sensor architectures, design-to-cost engineering, and open software solutions. MicroVision, MicroVision HALO, IRIS, MOVIA, MOSAIK, and SENTINEL are trademarks of MicroVision, Inc., and SCANTINEL is a trademark of Scantinel GmbH, in the United States and other countries. All other trademarks are the property of their respective owners. Investor Relations Contact Jeff Christensen Darrow Associates Investor Relations [email protected] Media Contact

MicroVision eyes 2027 revenue doubling as lidar gains defense, industrial traction. Microvision (NASDAQ:MVIS) said it is seeing commercial traction across industrial, security and defense markets as it works to broaden its lidar portfolio, reduce costs and move toward positive cash flow. During a business update webcast, Chief Executive Officer Glen DeVos said the company's "Lidar 2.0" strategy has focused on four areas: expanding its product portfolio, lowering lidar costs, broadening its end markets beyond automotive and strengthening its leadership team. DeVos said automotive remains an important market but has longer development cycles, prompting the company to pursue nearer-term opportunities in industrial, security, defense, data communications and photonic interconnects. He said a growing portion of MicroVision's revenue is coming from non-automotive markets. Portfolio expansion and commercial activity. DeVos pointed to the company's Scantinel and Luminar acquisitions as part of its portfolio expansion. He also cited the launch of MOVIA S during the current month, along with continued shipments of IRIS and MOVIA L products. Chief Commercial Officer James Byun said MicroVision has signed multiple long-term customer agreements in the United States and Europe covering industrial, security and defense applications. He said the agreements are intended to support recurring sensor sales as customers deploy and expand their programs. Byun said purchase orders already in hand have improved visibility into demand, allowing the company's supply chain and manufacturing teams to plan component purchases and production capacity. He said the immediate commercial focus is on delivering quality sensors on time and supporting customers as they deploy the products. MicroVision is also pursuing additional long-term agreements, expanding its qualified sales pipeline and converting that pipeline into revenue, Byun said. * IRIS: Byun said the long-range sensor is seeing demand in autonomous ground systems and defense applications, particularly because its 1550-nanometer wavelength is invisible to night-vision goggles. * HALO: The company is working with multiple customers on how its next-generation long-range sensing roadmap could support future programs, he said. * MOVIA S: Byun said the compact solid-state sensor is aimed at short-range perception for robotics and industrial applications. * MOVIA Air: The product line extends the company's offerings to aerial systems, with MOVIA Air Plus adding onboard compute processing, according to Byun. Byun also said MicroVision announced a collaboration with Robinson Unmanned and planned to demonstrate more MOVIA Air capabilities at the AUSA event in Washington, D.C. He noted that a recent FCC update involving foreign-produced advanced robotic components could increase the importance of U.S.-made sensors. Revenue outlook. Chief Financial Officer Christine Chambers said the broader mix of commercial and industrial applications can shorten sales cycles relative to automotive programs and reduce dependence on any single customer program or market vertical. She added that the company can potentially adapt sensor inventory for different use cases more quickly. Chambers said MicroVision remains confident in its full-year 2026 revenue guidance of $10 million to $15 million. Looking to 2027, she said the company expects revenue to double, supported by existing inventory and a commercial pipeline in industrial, defense and security markets. The company said it plans to provide additional financial information during its third-quarter 2026 earnings call. Cash flow and cost discipline. DeVos said the path to positive cash flow starts with pursuing markets, customers and products that can generate both revenue and gross margin. He said management is seeking to align resources and optimize the organizational structure around those revenue streams. Chambers said MicroVision is reviewing spending based on whether it advances commercialization, with planned emphasis on operations, sales and marketing, product-cost improvements, customer delivery and adoption. She said the company's consolidation of Luminar operations from a West Coast office into an Orlando manufacturing facility is largely complete. According to Chambers, the Orlando facility and existing inventory position MicroVision to pursue its 2027 revenue objectives without significant new capital expenditures. She said a second phase of consolidation and efficiency efforts is expected to result in net cost reductions and a significant decrease in cash burn in 2027 compared with 2026. Chambers also said the company is evaluating its debt structure, lease obligations and potential monetization of non-core assets as part of efforts to improve its balance sheet. About microvision (NASDAQ:MVIS). MicroVision, Inc develops lidar sensors and perception software designed primarily for advanced driver-assistance systems and autonomous driving applications. Its technology uses microelectromechanical systems (MEMS), laser scanning and proprietary software to help vehicles detect and interpret surrounding objects, road features and driving environments. The company's product portfolio has included the MAVIN family of long-range automotive lidar sensors, the MOVIA short-range lidar sensor and the MOSAIK software platform for processing and analyzing lidar data.

MicroVision eyes 2027 revenue doubling as lidar gains defense, industrial traction. Microvision (NASDAQ:MVIS) said it is seeing commercial traction across industrial, security and defense markets as it works to broaden its lidar portfolio, reduce costs and move toward positive cash flow. During a business update webcast, Chief Executive Officer Glen DeVos said the company's "Lidar 2.0" strategy has focused on four areas: expanding its product portfolio, lowering lidar costs, broadening its end markets beyond automotive and strengthening its leadership team. Discover more Stock market news Stock comparison tool Stock market analysis DeVos said automotive remains an important market but has longer development cycles, prompting the company to pursue nearer-term opportunities in industrial, security, defense, data communications and photonic interconnects. He said a growing portion of MicroVision's revenue is coming from non-automotive markets. Portfolio expansion and commercial activity. DeVos pointed to the company's Scantinel and Luminar acquisitions as part of its portfolio expansion. He also cited the launch of MOVIA S during the current month, along with continued shipments of IRIS and MOVIA L products. Chief Commercial Officer James Byun said MicroVision has signed multiple long-term customer agreements in the United States and Europe covering industrial, security and defense applications. He said the agreements are intended to support recurring sensor sales as customers deploy and expand their programs. Byun said purchase orders already in hand have improved visibility into demand, allowing the company's supply chain and manufacturing teams to plan component purchases and production capacity. He said the immediate commercial focus is on delivering quality sensors on time and supporting customers as they deploy the products. MicroVision is also pursuing additional long-term agreements, expanding its qualified sales pipeline and converting that pipeline into revenue, Byun said. * IRIS: Byun said the long-range sensor is seeing demand in autonomous ground systems and defense applications, particularly because its 1550-nanometer wavelength is invisible to night-vision goggles. * HALO: The company is working with multiple customers on how its next-generation long-range sensing roadmap could support future programs, he said. * MOVIA S: Byun said the compact solid-state sensor is aimed at short-range perception for robotics and industrial applications. * MOVIA Air: The product line extends the company's offerings to aerial systems, with MOVIA Air Plus adding onboard compute processing, according to Byun. Byun also said MicroVision announced a collaboration with Robinson Unmanned and planned to demonstrate more MOVIA Air capabilities at the AUSA event in Washington, D.C. He noted that a recent FCC update involving foreign-produced advanced robotic components could increase the importance of U.S.-made sensors. Revenue outlook. Chief Financial Officer Christine Chambers said the broader mix of commercial and industrial applications can shorten sales cycles relative to automotive programs and reduce dependence on any single customer program or market vertical. She added that the company can potentially adapt sensor inventory for different use cases more quickly. Chambers said MicroVision remains confident in its full-year 2026 revenue guidance of $10 million to $15 million. Looking to 2027, she said the company expects revenue to double, supported by existing inventory and a commercial pipeline in industrial, defense and security markets. The company said it plans to provide additional financial information during its third-quarter 2026 earnings call. Cash flow and cost discipline. DeVos said the path to positive cash flow starts with pursuing markets, customers and products that can generate both revenue and gross margin. He said management is seeking to align resources and optimize the organizational structure around those revenue streams. Chambers said MicroVision is reviewing spending based on whether it advances commercialization, with planned emphasis on operations, sales and marketing, product-cost improvements, customer delivery and adoption. She said the company's consolidation of Luminar operations from a West Coast office into an Orlando manufacturing facility is largely complete. According to Chambers, the Orlando facility and existing inventory position MicroVision to pursue its 2027 revenue objectives without significant new capital expenditures. She said a second phase of consolidation and efficiency efforts is expected to result in net cost reductions and a significant decrease in cash burn in 2027 compared with 2026. Chambers also said the company is evaluating its debt structure, lease obligations and potential monetization of non-core assets as part of efforts to improve its balance sheet. About microvision (NASDAQ:MVIS). MicroVision, Inc develops lidar sensors and perception software designed primarily for advanced driver-assistance systems and autonomous driving applications. Its technology uses microelectromechanical systems (MEMS), laser scanning and proprietary software to help vehicles detect and interpret surrounding objects, road features and driving environments. The company's product portfolio has included the MAVIN family of long-range automotive lidar sensors, the MOVIA short-range lidar sensor and the MOSAIK software platform for processing and analyzing lidar data.