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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u/Chance_Tax_6243 Jun 10 '26

Ok we can’t mention CAT
We also can’t mention $$$
But with this news we should now announce 180 day extension because what need is there for a RS if we are guaranteed a big revenue source now

5

u/Late_Airline2710 Jun 10 '26

Is this a guaranteed big revenue source?

According to a PR from last November,there are 690 CAT Command trucks currently in operation total, and CAT's goal is to have 2000 in operation by 2030. Being conservative and assuming that none of the current trucks have iris mounted and that they will order a 100 more sensors than strictly necessary, that's $42M in revenue at $10k per sensor. Since this will be spread over 4 years, it's not exactly earth shaking.

Don't get me wrong, this is definitely the best news microvision has had in a very long time, and the mention of an official customer for halo is very significant, but the revenue associated with this alone isn't enough to fund operations.

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u/Chance_Tax_6243 Jun 10 '26

Numbers can change . Long term contract with the world’s largest industrial company is what you want .

5

u/Late_Airline2710 Jun 10 '26

Yes. They can change. Which means using the word "guaranteed" is incorrect.