Company Makes First Public Demonstration of its 10,000 cd/m2 Full-color OLED Microdisplay Using dPd Technology

HOPEWELL JUNCTION, N.Y., Feb. 01, 2022 (GLOBE NEWSWIRE) -- eMagin Corporation, or the “Company,” (NYSE American: EMAN), a leader in the development, design and manufacture of high-resolution OLED microdisplays for, AR/VR and other near-eye imaging products, announced the first public demonstration of the Company’s flagship Direct Patterning Display (dPd™) technology on a widescreen ultra-extended graphics array (WUXGA) (1920x1200 pixels) OLED microdisplay that reached over 10,000 candela per square meter (cd/m2) of maximum luminance in full color, which was showcased in customer monocular and binocular augmented reality (AR) headsets at the 2021 Interservice/Industry Training, Simulation and Education Conference (I/ITSEC) in December.

“Since unveiling the world’s brightest full-color OLED microdisplay to industry analysts in October, we have made continued progress towards the expected commercialization of our dPd technology in 2023 and have been giving customers the opportunity to experience this new technology firsthand,” said eMagin CEO Andrew G. Sculley. “We received very positive feedback at the I/ITSEC conference, particularly regarding the microdisplay’s performance in high-ambient light settings and for its fast response time, which eliminates the motion blur associated with LCD technology.

“Power efficiency at high luminance levels is absolutely essential for next-generation AR/VR applications, and eMagin has always been a leader in this area. The simple fact is that our dPd-based, full-color OLEDs are more power efficient at any brightness level, which paves the way for dPd technology to ultimately replace current full-color OLED technologies aimed at metaverse applications.”

About eMagin Corporation

eMagin is the leader in OLED microdisplay technology, enabling the visualization of digital information and imagery for world-class customers in the military, consumer, medical and industrial markets. The Company invents, engineers and manufactures display technologies of the future and is the only manufacturer of OLED displays in the United States. eMagin's Direct Patterning Technology (dPd™) will transform the way the world consumes information. Since 2001, eMagin's microdisplays have been used in AR/VR, aircraft helmets, heads-up display systems, thermal scopes, night vision goggles, future weapon systems and a variety of other applications. For more information, please visit www.emagin.com.

Important Cautionary Information Regarding 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, including those described in the Company's most recent filings with the SEC. For a more complete description of the risk factors that could cause our actual results to differ from our current expectations, including impacts of the COVID-19 pandemic, please see the section entitled "Risk Factors" in eMagin's Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and in any Form 10-Q filed or to be filed by eMagin, and in other documents we file with the SEC from time to time.

Contacts
eMagin Corporation
Mark A. Koch
Chief Financial Officer
845-838-7900
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Sharon Merrill Associates, Inc.
Nicholas Manganaro
617-542-5300
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