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MicroVision, Inc. (MVIS) Adds New Chief Financial Officer And Vice President Of Marketing And Business Development

|Includes: Microvision, Inc. (MVIS)

Innovative leader MicroVision, creator of ultra-miniature projection display technology, has formally announced two additions to its team. Stephen P. Holt has been named Chief Financial Officer and Michael J. Franzi has been appointed as Vice President of Marketing and Business Development.

With over 20 years of operations and financial management experience, Holt has worked with both public and private companies across multiple industries. Holt previously served as Chief Financial Officer at PixelOptics where he helped bring to market the company's first electronic focusing eyewear product. Holt has raised capital, negotiated strategic partner agreements, as well as implemented procedures that established infrastructure supportive of rapid growth. He is also set to oversee MicroVision's goals to speed growth initiatives and optimize overall profitability.

With over 30 years of leadership in business development and marketing, Franzi has extensive experience in licensing. Franzi previously served as vice president and general manager of the Sonic Focus product line at Synopsys Inc. Responsible for business development, Franzi oversaw product marketing and applications support for the licensing of global intellectual property and technology. Prior to his role with Synopsys Inc., Franzi sat as vice president of global licensing and business development for SRS Labs, Inc. He is set to focus on extending MicroVision's market presence through the strategic execution of MicroVision's go-to-market activities for PicoP(NYSE:R) display technology.

"We are excited to welcome Steve and Michael to MicroVision. These two seasoned executives bring valuable expertise to our team that aligns well with our ingredient brand licensing business model and culture," commented Alexander Tokman, president and CEO of MicroVision. "Our leadership team's expertise and innovative ways to drive improvements in execution and profitability will be invaluable in helping to support our plans for growth."

Holt and Franzi join a strong team of executives at MicroVision, Inc. With almost two decades of research under its belt, MicroVision has become an independently recognized leader in the development of intellectual property. MicroVision, Inc. is based in Redmond, Wash.

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