--Announces Signing of Technology Partnership Agreement to Support Mass Production--
Separately, the Company announced an agreement with a U.S.-based chipmaker to support scaling of mass production for the consumer AR and VR markets. This agreement will provide supply chain development assistance for eMagin to enable prototype and mass production of OLED microdisplays. As part of this agreement, eMagin’s partner will provide raw materials sourcing support necessary for scaling to mass production while helping the Company meet the cost requirements of high volume consumer segment original equipment manufacturers (“OEMs”).
“I am pleased to report our partnering strategy for the consumer segment
is progressing as planned,” commented
“This is another important step for eMagin as we move forward in the development and commercialization of our OLED microdisplay technology for the consumer AR/VR market,” commented Mr. Sculley. “Our partner in this effort will provide backplane and interface design support which we anticipate will enable us to meet the performance, cost and scalability requirements of the high volume consumer segment. For us to be successful in the consumer segment, it is critical that we continue to execute and deliver high brightness, direct patterned OLED microdisplays to multiple OEM partners. This technology partnership gives eMagin the necessary sourcing assistance to be successful.”
To schedule an appointment for a demonstration of our high brightness 2K
OLED Microdisplay, contact
About
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.
Forward-Looking Statements
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 and
uncertainties, including those described in the Company’s most recent
filings with the
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Source:
eMagin Corporation
Jeffrey Lucas, 845-838-7931
Chief Financial
Officer
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Or
Affinity
Growth Advisors
Betsy Brod, 212-661-2231
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