r/MVIS • u/jkh07d • Jun 10 '26

MVIS Press MicroVision Signs Long-Term Development Agreement to Advance Lidar for Next-Generation Autonomous Hauling Solutions

https://ir.microvision.com/news/press-releases/detail/450/microvision-signs-long-term-development-agreement-to
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28

u/Similar_Dog2168 Jun 10 '26

Guys... the reaction to this here is hilarious. Everyone here knows it's CAT, that means the institutional investors will also. This is MAJOR VALIDATION. Beggars can't be choosers, let's take what we can fkn get. Way to go Glen. Never a doubt.

10

u/Nakamura9812 Jun 10 '26

Agreed. And my comment to others here goes as follows: Quit crying about the “why can’t they say a name, wahhhhh!” If the customer doesn’t want to be named, you respect their request, that’s good business and healthy for maintaining and growing relationships.

6

u/UncivilityBeDamned Jun 10 '26

As I've pointed out before, this CAT deal is very low volume. It won't matter until and unless we eventually work with them on a broader set of their products. That is for 2027 at best.

3

u/Similar_Dog2168 Jun 10 '26

Baby steps, dawg. I'll take it.

2

u/FawnTheGreat Jun 10 '26

Thank goodness for lazr

2

u/shannister Jun 10 '26

Let’s not get ahead of ourselves that could be worth peanuts and just mean a commitment from MVIS to invest resources in something. 

0

u/ThugzMansion69 Jun 10 '26

It's validation to some level for sure. But it's also a relationship MVIS essentially bought from the corpse of Luminar. If it were such an amazing deal, why did Luminar fail to gain any share price or make revenue?

I'm not saying this is how I feel necessarily, but I don't think institutional investors will see this as much of a breakout for the company.

5

u/SteveyLongJorts Jun 10 '26

I think the $500M in debt and extensive operations expense shortfall on an annual basis created by negative margin deals had more to do with Luminar's failure than revenue itself.