MicroVision Inc. (NASDAQ: MVIS) shares are soaring in trading today. At last check, MVIS shares were trading 20.34% higher at $3.19 on above average volume of 2.70 million.
MVIS shares have been gaining momentum after the company announced the receipt of a purchase order from Pioneer Corporation.
MicroVision, which develops high-resolution miniature laser display and imaging engines based upon its PicoP display engine technology, said on Thursday that it received purchase orders from Pioneer valued in excess of $4 million.
The purchase order from Pioneer includes MEMS and electronics, which are part of MVIS’ patented next generation HD PicoP® display technology based in direct green lasers.
Recently, MicroVision also announced that it completed $5 million equity financing from private investors. The company received around $5 million from sale of about 3.34 million shares of MVIS common stock and warrants to purchase a total of 1 million shares of MVIS common stock at an exercise price of $2.12 per share.
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