--Provides Update on Consumer Segment--
HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--Jan. 4, 2017-- eMagin Corporation, or the “Company” (NYSE MKT:EMAN), a leader in the development, design and manufacture of Active Matrix OLED microdisplays for high resolution imaging products, today announced that management will be demonstrating their highest brightness, direct patterned micro-displays designed for the virtual reality (VR) and augmented reality (AR) market by appointment to select customers at CES. eMagin is the only company that has designed and manufactured OLED microdisplays which provide the brightness that consumer products companies demand for their next generation VR and AR headsets.
“I am pleased to report we achieved what we set out to do at the beginning of 2016,” commented Andrew Sculley, President and CEO of eMagin. “We are shipping the 2K x 2K display as part of an agreement with a Tier One company that we entered into last year. We previously stated that we expected to sign at least one additional agreement with a Tier One partner in 2016. I am happy to announce that we met this goal and anticipate signing additional agreements in 2017. Our pipeline of interested parties continues to grow, including OEM partners and mass production partners, both of whom are important for commercializing and scaling production of our cutting-edge technology. We have developed and will be demonstrating full color OLED at brightness levels above 4,000 nits that can be mass produced to achieve truly immersive virtual reality.”
“Also, during the fourth quarter we launched our two consumer night vision products, the award-winning BlazeSpark smartphone attachment and the BlazeTorch goggles, both of which are being shown at CES. Overall, our efforts in 2016 laid the foundation for a strong 2017 as we further capitalize on our technology development and marketing initiatives,” concluded Mr. Sculley.
About eMagin Corporation
A leader in OLED microdisplay technology, OLED microdisplay manufacturing know-how and mobile display systems, eMagin manufactures high-resolution OLED microdisplays and integrates them with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low-power, lightweight personal displays. eMagin’s microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs. More information about eMagin is available at www.emagin.com.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding eMagin Corporation’s expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company’s most recent filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements
Source: eMagin Corporation
Jeffrey Lucas, 845-838-7931
Chief Financial Officer
MBS Value Partners
Betsy Brod, 212-661-2231