MicroVision, Inc. has delivered its MOVIA lidar sensors to a leading artificial intelligence company and hyperscaler for evaluation in robotics and autonomous systems. The shipments, announced on June 29, 2026, mark a milestone in MicroVision's strategy to expand its perception technologies into markets where AI systems require accurate, real-world understanding of the physical environment.

The customer is a global leader in AI and large-scale computing infrastructure, with significant investments in robotics, intelligent automation, and machine perception. The MOVIA sensors will support evaluation efforts involving environmental understanding, object detection, and spatial intelligence.

MOVIA Platform Capabilities

MicroVision's MOVIA platform is designed to provide high-resolution, low-latency perception data in a compact and scalable form factor. The technology is suited for deployment across intelligent systems in robotics, industrial automation, security and defense, and automotive markets.

Strategic Implications

Glen DeVos, Chief Executive Officer of MicroVision, stated that the engagement validates the critical role perception will play in next-generation intelligent systems. He emphasized that as AI moves into physical-world applications, the ability to accurately perceive the environment becomes essential.

MicroVision believes the convergence of AI, robotics, automation, and advanced sensing technologies is creating a significant growth opportunity for lidar-based perception solutions. The company continues to engage with customers and partners across robotics, industrial automation, security and defense, intelligent infrastructure, and automotive markets.

MicroVision, Inc. has secured a recommendation from independent proxy advisory firm Glass Lewis & Co. for shareholders to vote "FOR" all proposals at its Annual Meeting on July 10, 2026. The meeting, scheduled for 9:00 am PT, will address critical governance and strategic measures, including a reverse stock split and the election of directors. The endorsement from Glass Lewis, which advises institutional investors managing over $40 trillion in assets, highlights the alignment of the proposals with shareholder interests.

Key Proposals for Shareholder Approval

Shareholders will vote on seven distinct proposals. The election of seven director nominees is the primary governance item. Additionally, the board seeks approval to issue shares under existing convertible notes to facilitate debt repayment through equity rather than cash. A proposal to amend the certificate of incorporation will authorize the board to execute a reverse stock split at a ratio between 1-for-5 and 1-for-15. This amendment simultaneously proposes reducing MicroVision's authorized shares of common stock from 510 million shares to 150 million shares.

Other items on the ballot include an advisory vote on executive compensation and the ratification of auditors for the current fiscal year. The table below summarizes the key proposals:

Strategic Rationale and Board Commentary

Robert Carlile, Chairman of the Board, emphasized the importance of the reverse stock split authorization, stating that Glass Lewis agrees it is in the best interest of the company and shareholders. He urged shareholders to vote in advance of the Annual Meeting. Chief Executive Officer Glen DeVos linked the proposals to the company's strategic commercial objectives, asserting that approval provides necessary tools to drive progress in lidar-based perception solutions.

Participation and Voting Information

MicroVision's Proxy Statement contains detailed information on the proposals. Shareholders can vote electronically using their control number at www.proxyvote.com . The Annual Meeting will be held virtually, allowing participation at www.virtualshareholdermeeting.com/MVIS2026 . For assistance, shareholders may contact Saratoga Proxy Consulting LLC.