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Slide 3:
Combined company positioned for industry leadership
Synergistic product to meet all OEM aesthetic and performance requirements
Combines MicroVision’s best-in-class MAVIN hardware and Ibeo’s best-in-class perception software, to be integrated into MicroVision’s perception ASIC
MAVIN to become the lowest cost sensor with the smallest profile and highest embedded perception capabilities
Accelerates 2023 revenue through synergies and expanded Total Addressable Market
Combined company revenue $8-$15 million in 2023
Faster revenue growth through expanded product portfolio: Standalone software, lidar hardware (Flash and MEMS based) and combined perception solutions
Expand multi-market revenue into non-automotive customers for industrial, smart infrastructure, robotics applications
Slide 4:
IBEO overview
Key Offerings [images]
Key Partners & Customers [logos]
Slide 5:
Transaction overview
Transaction consideration
Up to € 15 million in an all-cash transaction
Addition of key commercial contracts with marquee automotive OEMs and non-automotive customers
Expand our combined patent portfolio to over 700 patents and other relevant IP
Expected financial impact
Accelerates growth: Combined company forecast to have $8-$15 million revenue in 2023
Financing
Funded with cash on balance sheet to retain upside for MVIS shareholders
MicroVision raised cash post Q3 under its ATM program