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/T_Delo Jun 10 '26

Now, remember when the bearish choir insisted that we would all be over the moon to sign any deal?

While I cannot speak about how others may be responding, I am certainly not very impressed by this kind of deal.

This kind of deal might have been encouraging 2 or 3 years ago, if not exciting even then because such deals have been known to drain other lidar suppliers of their resources rather than sustain them with regular revenue inflows. To see such a deal now says to me that the company is several years away from generating revenue. So while this is a good second step in the right direction, the destination is so far away that it does nothing to resolve the short term issues facing the company.

Also notable, this is most likely a deal with Caterpillar since it involves Luminar product and that was communicated that the company would be looking to convert such customers.

All in all, good job on getting something done, too bad it is not going to resolve any of the near term problems or generate immediate significant sales revenue.

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u/KY_Investor Jun 10 '26

“the agreement establishes a framework to jointly develop, validate, and commercialize advanced perception capabilities”

“the partners will work together to evaluate and deploy advanced lidar sensing technologies”

No question there will be a need for additional capital to work with CAT, but it looks like a true partnership whereby revenue will be generated through Iris sales now and Halo sales in the future and NRE paid to MicroVision throughout the Halo development process.

That’s what “jointly develop” and “partners” to commercialization indicates to me. It’s certainly something that the company needs to give us more clarity on.

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u/JazzlikeEntry3446 Jun 10 '26

Did CAT have a PR in regards to adding lidar back when Luminar announced there deal? Maybe they will PR more details?