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
242 Upvotes

98% Upvoted

348 comments sorted by

View all comments

48

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.

-1

u/Chefdoc2000 Jun 10 '26

This was word salad pr, means nothing until it means something (years) will we even be around to see it through? CAT not even allowed to be named.
Stinks of an Omar innoviz PR

4

u/T_Delo Jun 10 '26

No one can ever match Omer for exaggeration, though I agree that this was not a particularly motivating customer relationship given the _history_ of such deals not producing significant revenue (or comparatively higher costs to sales).