Here's Why Microvision Stock Soared Today
Shares of Microvision (NASDAQ: MVIS) surged on Wednesday after the laser technology company said it completed a key development project. As of 12:50 p.m. EDT, Microvision's stock price was up more than 15% after rising as much as 27.7% earlier in the day.
Microvision's new A-Sample hardware and development platform will allow it to demonstrate the benefits of its long-range lidar sensor to prospective customers.
"I believe our differentiated, high-performance lidar sensor has the potential to advance autonomous driving and active safety systems beyond current sensors announced in the automotive market," CEO Sumit Sharma said in a press release. "I expect that a version of this lidar sensor could be available for sale, in initial quantities, in the third or fourth quarter of 2021."
Source Fool.com
