Laser TV

Microvision Inc.

Founded in 1993 and headquartered in Redmond, Washington, Microvision Inc. is a leading developer of miniature display and imaging engines based on integrated photonics modules. Microvision is marketing a standalone microprojector called a Pico Projector, and this technology will be affordably embedded into cell phones and PDAs in the very near future. While this company does not produce parts for Laser TV, the use of laser engines in portable electronics could have a significant impact on the television and display market.

Microvision’s portable projector is laser based and uses a single mirror system, which is purportedly more affordable than the competition’s (TI) multiple micromirror system. Microvision has contracts in place with Motorola and two unnamed parties, an automotive supplier and Asian electronics manufacturer, for use of Microvision’s proprietary technology in cell phones, digital cameras and personal media players.

Microvision’s stock is coming off of highs near $6 a share last summer, and currently trades near $2.50 a share. According to one recent report “Companion and integrated pico projectors are now forecast to reach nearly 30 million units in 2012.” If this report is true, now may be the time to start looking at some of the key and novel players in laser engine technology.

Arasor International Ltd.

Arasor International Ltd. recently acquired Novalux, Inc., which focuses on laser technology, for $7 million in Arasor stock and the assumption of $13 million in debt. Sydney, Australia-based Arasor is an optoelectronics firm, specializing in chips for use in laser based displays. By acquiring Novalux, Arasor said the acquisition will let it provide an end-to-end solution in the manufacture of light sources in the laser display industry.

In November of 2007, Arasor entered into a $300 million joint venture with ZTE Corp. (Zhong Xing Telecommunication Equipment Co. Ltd.) of China to develop and manufacture up to six million laser engines for use in Asian displays in televisions, projectors and mobile devices including cellular phones, PDAs and notebooks. Arasor will own 51 percent of the joint venture.

Arasor’s stock has been pummeled recently, it trades publicly on the Australian Exchange, but is trading under $1 on the Pink Sheets in the U.S., off of highs over $3 only one year ago. Arasor may have made some early PR blunders, but it does appear revenues are growing handsomely, and this company is certainly well positioned if Laser TV and laser based monitors become the new market standard.

*Any information contained in this article should not be construed as investment advice, but strictly as the thoughts and opinions of the author.*

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