Wednesday, March 30, 2016

VRguy podcast Episode 4: J.P. Gownder, Forrester Research, on the Crossover Between Enterprise and Consumer Markets

The man in the AMD shirt pictured below with eMagin's iHMD is Antal Tungler (Senior Manager Public Relations at AMD) and Lurker LOOK! also Senior Manager Public Relations, Radeon Technologies Group

And sick of this, they found their VP of Manufacturing

Looks Like They Found Their Senior Packaging Engineer

Looks Like They Found Their Buying/Purchasing Agent

Looks like they found their Corporate Controller

The Oculus Rift VR headset is finally out, and this is what people think

Top News@Twitter VR Headset

The Logo on his shirt is AM_ 0r AN_ or American Movie Channel? I Wonder...

Tuesday, March 29, 2016

You do not want this kind of Buzz

we'll take it

Microvision? VR? OK, you lost some credibility there...

What the heck, eMagin is trending on Twitter? Just a little trend

And It's Clunky!..Oculus Rift Review: A Clunky Portal to a Promising Virtual Reality

Fair to say Reviews are Mixed

Sensics Partners With DAQRI, Adding AR to OSVR: (DAQRI feeling the heat from Hololens)

North America Organic Light Emitting Diodes Industry report in 2016 set to grow according to forecasts...OK Get Growin'

Sunday, March 20, 2016

The Discussion of the Virtual Staff Meeting

with others remotely participating is, I believe, a description of a use case for the Stealth Mode HMD in development. Not exactly a whale breeching through the gym floor but typical for Sculley a bland narrative adequate to convey.

Hopefully Lalet is not just driving around in circles waiting for something to do.

Ukraine's New Sniper Rifles: Deadly weapons to fight Russia's war in Donbas

Wonder if the loosening of ITAR/EAR allows certain components to be shipped to places where shipping the scopes/sights/weapons themselves would be seen as a provocation. Not that it prevents Russia from assuming the worst as to Western intentions.  Proudly displays the Made in Ukraine label.

Joint Effects Targeting System (JETS)

JETS is the new program eMagin is in as mentioned in the recent CC. Contractors are and will be BAE and DRS. Initial Operational Capability 2017.

Friday, March 18, 2016

Sorry Admiral, too juicy not to pirate

"eMagin expects every man to do his duty"

admiral0721  42 minutes ago 

Oppenheimer just issued their eMagin Report

Headline: Flat Quarter,But 2016-2017 Prospects Bright
They maintained a market perform
.. best opportunity for HMD penetration in the 2nd and 3rd generations ... in the long term we view its OLED microdisplay as the most promising next generation display technology for mobile devices.

I liked this Lucas intervention

Yes, I’m the guy to blame for that probably. But I first of all it’s important that we underscore here that our revenues are solid and we’re entering a year with good momentum. So I want to put you at ease there. Our top line is stable and as you’re seeing opportunity in the military business that could even boost our revenues for this year. But I do want to just point out why we actually changed the position here, there’s change of philosophy. And our goal here, just to be clear, sort of move away from revenue numbers, and change the focus of our discussion to what we are doing really drive shareholder value.
Now clearly revenue is one of these. But you know the other initiatives in which Andrew, I and the other members of the management team are working are the key elements of that shareholder value and quite frankly these are drivers they automatically impact revenue in the first year. So that’s kind of the thinking that we had. But I will point out again our revenues are solid and stable and I think we could be looking at a good year. Anything you want to add to that Andrew.

Kopin indicated they had Individual FWS sown up

Sculley says they are providing displays for said program.

Now, we’re supplying displays for the qualification of ENVG III as it’s called, but also we’re supplying displays for Family of Weapons Sight that’s FWS, it’s referred to, for the individual program. And this is in production qualification testing and low rate initial production.

The Hand Held NV System is likely a FLIR Scout III Thermal ruggedized for Military use with an OLED rather than an LCD display

bound for the Eastern Front.

Pretty sure the Stealth Mode HMD is a Mixed-Reality Device

Thursday, March 17, 2016

New 2kX2k HMD for Military, parallel with Consumer Version

eMagin 10-K 2015

Desirable Partner for Mass Production

Yow! High Volume Manu Partner!

Samples 7 Tier One Companies

Establishing Beachheads!

Manufacturing readiness for Direct Pattern in 2017, Thanks MANTECH!

eMagin currently Largest Share of Global Military Market for Microdisplays

supplying samples for FWS

ENVG III Ongoing

Ongoing Flight Testing, positive signs, well received

Microoled & Olightek, much lower brightness

Major Wins: 23 New Projects

Like the Chamber Music, Schubert?

Guess: FLIR the Handheld Night Vision, Ubimax the Euro

Drive Shareholder Value in 2016, Hoist a Green Guiness!

eMagin Corporation Announces Fourth Quarter and Full Year 2015 Financial Results
HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--Mar. 17, 2016-- eMagin Corporationor 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 financial results and corporate highlights for the fourth quarter and full year ended December 31, 2015.
“I am pleased to say that we exited 2015 with momentum on several fronts,” stated President and CEO Andrew G. Sculley. “In late December, we completed a strategic licensing deal in the commercial sector for our novel headset technology, providing significant validation of both our market leading 2K x 2K microdisplay technology and its broad commercialization potential in the virtual reality (“VR”) market. Our leading technology was again validated by our military customers with many new design wins in 2015, including 6 of our top 10 new bookings being brand new projects. Further, we strengthened our balance sheet in December with a $6 million equity raise. Finally, we ended 2015 with revenue above the guidance we provided in our third quarter earnings call.
Q4 and 2015 Business and Product Highlights
  • We signed a $1 million non-exclusive intellectual property licensing agreement for our unique virtual reality headset technology. The licensee will use eMagin’s 2,000 X 2,000 pixel full color displays in their headsets.
  • Samples of our microdisplays have been provided to seven companies working on AR and VR headsets.
  • We had a major new Asian customer go into production in 2015 with our SVGA+ display, with 2015 bookings exceeding $1.5M.
  • During Q4, orders were booked for 25 new projects including a major design win for a new project with a European customer with booked display orders exceeding $800K, and a new international product using our DSVGA color display for a handheld night-vision system.
  • In 2015, we also made significant progress towards getting our displays qualified for avionics applications. In addition to shipments to our government customers, we shipped samples of our Green XLT, color ultra-high brightness and XLS displays for avionics applications to seven customers.
  • We finalized the design requirements and commenced the design for an improved 2K x 2K full color microdisplay to support consumer virtual reality headset requirements and a US Government program scheduled to start in Q1-2016.
  • A new version of the company's WUXGA microdisplay silicon backplane was released for fabrication in November. Initial samples, which were designed to improve manufacturability and performance, are expected in Q1 of 2016.
  • In December, we completed a $6MM equity raise boosting our balance sheet and allowing us to expand our business in 2016.
Full Year Results
Revenues for 2015 were $25.1 million versus $25.7 million for 2014, a decrease of 2.3%. Product revenues (primarily display sales) totaled $20.9 million, about 13.1% less than in 2014. During the year, we saw customers shift some of their focus from existing to next generation programs. While this provided some headwind to product sales, we also witnessed expansion in R&D revenue, which totaled $4.2 million, a 155.7% increase from $1.7 million in 2014. We believe growth in R&D revenue is a positive for future product sales based on next generation solutions. We shipped fewer displays in 2015 in comparison to 2014, but at a higher average selling price, reflecting the shift in demand to our more advanced, higher priced products.
Gross margin for 2015 was 28 percent on gross profit of $7.0 million compared to a gross margin of 29 percent on gross profit of $7.4 million in 2014. The decrease in gross margin from last year was primarily due to an approximate $1.2 million charge in the fourth quarter for the write-down of inventory in connection with the 2014 stop shipment by a major customer. Excluding the write-down, the gross margin in 2015 would have been 32%.
Operating expenses for 2015 decreased to $11 million from $12.6 million in 2014. Operating expenses are comprised of R&D expenses and selling, general and administrative (SG&A) expenses. R&D expenses decreased to $4.1 million in 2015 from $4.5 million in 2014. This was primarily due to decreases in material and compensation charges and the reclassification of R&D expense to the cost of goods sold to support the higher level of R&D contract revenues. SG&A expenses decreased approximately $1.2 million or 14% from 2014, mostly due to the lower administrative cost structure and the reduction in bad debt expense which more than offset higher nonrecurring charges including severance expense.
Operating loss for 2015 decreased to $4.1 million from $5.3 million in 2014. Net loss was $4.1 or $0.16 per diluted share, versus a net loss of $5.3 million or $0.22 per diluted share for 2014.
Quarterly Results
Revenues for the fourth quarter of 2015 were $6.7 million, essentially flat with fourth quarter of 2014. Product revenues (primarily display sales) totaled $5.7 million, 1.3% more than fourth quarter last year. R&D contract revenues totaled approximately $1.0 million, in line with fourth quarter last year. Similar to the annual comparison noted above, the fewer displays sold during the fourth quarter 2015 were more than offset by a higher average selling price.
Gross margin for the fourth quarter was 14 percent on gross profit of $0.9 million compared to a gross margin of 23 percent on a gross margin of $1.5 million in the same quarter last year. Excluding an approximate $1.2 million one-time inventory write-down, the gross margin in the fourth quarter 2015 would have been 31%.
Operating expenses for the fourth quarter of 2015 decreased to $3 million from $3.1 million in the fourth quarter of 2014. R&D expenses increased to $1.1 million from $0.8 million in the year-ago quarter. The increase was due primarily to a greater proportion of total R&D expense charged to R&D contract related work in the fourth quarter of 2014 than in the fourth quarter of 2015. SG&A expenses decreased to $1.9 million from $2.3 million.
Operating loss for the fourth quarter increased to $2.1 million from $1.6 million in the fourth quarter last year. Net loss was $2.1 million or $0.08 per diluted share, versus a net loss of $1.6 million or $0.07 per diluted share for the fourth quarter last year.
At December 31, 2015, the Company had approximately $9.3 million of cash and cash equivalents compared to $6.0 million of cash, cash equivalents and investments in certificates of deposit at December 31, 2014.
At December 31, 2015, the Company had no outstanding debt.
“Entering 2016, we are strategically focused on supporting our military business and advancing our presence in the consumer marketplace through our AR and VR technology while enhancing our technology and maintaining a strong balance sheet,” continued Mr. Sculley.
“As we look ahead we are encouraged by several factors, including growth in the US Department of Defense budget for 2016 and 2017 after years of flat to down spending. This growth, combined with continued evolution of our technology, positions us well in the government markets for both better volumes on existing contracts and the potential for new opportunities.
“In our commercial business, we are encouraged by the level of interest from potential well-recognized entities with whom we are in conversation. In concert with these discussions, we are actively meeting with potential partners with high volume manufacturing capability to prepare us to meet expected demand from commercial applications of our displays.
“We are highly focused on returning to profitability from our existing product and services business inclusive of ongoing aggressive funding for advanced R&D as well as heavy investments to support our consumer product development efforts. We look forward to achieving stable revenue performance over the short term while we build on what we achieved in our new business efforts in 2015. Overall, we are very excited about the year ahead as we leverage the momentum we have established to drive shareholder value in 2016,” concluded Mr. Sculley.

I OH MY GOSH! ALMOST VOMITED | Ultimate Booster Experience REACTION | Oculus Rift DK2

The Gaels, the Race That God Made Mad, All their Wars Are Happy, All Their Songs Are Sad

Analysts Await...

Webcast- eMagin:Q4 2015 eMagin Corporation Earnings Conference Call Thursday, March 17, 2016 4:45 p.m. ET

Hopefully find out why Lalet-Jose is driving manufacturing partners around.

Wednesday, March 16, 2016

How delightful!

Facebook/Oculus is blowing it big time...

Delightful Nausea!

"Oh Woe is Me" Zuckerberg, Luckey, Iribe etc..Vertigo lives: Oculus Rift preview event suffers from VR tracking woes


Snapchat might be working on 'smart glasses' like Google Glass

Since the Myvu Band (Kokinakis, Cui, Latel-Jose) seems to be getting back together provocative to consider that Myvu's former CEO is the Director at Google X

Tuesday, March 15, 2016

Feel ya bro

We are too! (Great Products)

Lalet Jose:Director of Manufacturing, HMD Division, eMagin Corp

Second to last paragraph

Monday, March 14, 2016

Lets not get carried away

Optimism Indicator Needle Jumps

Who dat? Somebody is driving eMagin's manufacturing partners, Yow!

F-35 Helmet Display System

Amidst Concerns About Neck Injuries During Ejection the F-35 Could get a Lighter Helmet..Light F-35 Helmet Tests Begin, DOD Aims To Fix Escape System This Year

And the fact that he describes his current Sphere of Endeavor as "Consumer Electronics" provides even more

A little odd that Kip refers to his current work as an "assignment", assignments are usually mandated by a superior, currently working with Wave Optics and eMagin might be an indicator. The Asian Connection with Aterra provides intrigue.

Thursday, March 10, 2016

Augmented Reality Training Systems Destined for Marine Schoolhouses (Photonics SA HMD, eMagin Inside)

"We're going to be focused on miniaturizing, ruggedizing, battery life, and improving the head-mounted display," Yates said. While a per-unit cost for the system has not been established, he said, "It's a fraction of the cost of ammunition that a single artillery battery would expend during a year of annual training requirements."

Form 4s

Real Future: The Amazing Future of VR Medicine (Episode 10)

"Travelin' man"

Virtual reality doesn't mean what you think it means

Tuesday, March 1, 2016

4K Resolution #1..The Near Future of VR and AR: What You Need to Know

Why Virtual Reality Is Vital

Building Better Worlds: Leap Motion Co-founder/CTO on the Arrival of VR (Around 14:00 Minute Mark Discussion of OLED Headsets)

Don't Forget, you can keep up with Mr. High Concept Who Uses REALLY BIG WORDS i.e. the Social Networks #1 Masshole Who Has No Life Right Here!

LCD vs. OLED vs. AMOLED: Difference Explained (Cell Phone Displays but Comparison Applies to Microdisplay As Well)

Microsoft's HoloLens is now ready for developers

Head Mounted Display (HMD) Market Share, Analysis And Forecasts To 2020(Zuckerberg says 10 years for mass market VR but Lokesh here says any month now)

  • Helmet mounted displays accounted for over 60% of the head mounted display market in 2013; these products are expected lose market share due to growing popularity of wearable glass. They are expected to continue enjoying widespread use in defense applications over the next six years.
  • Defense accounted for over 70% of the head mounted display market in 2013, and is expected to remain the dominant end-use segment over the forecast period. HMDs prove highly efficient during training regimes and in locations with poor visibility. Increasing popularity of augmented and virtual reality is expected to drive the consumer segment over the next six years.
  • Training and simulation is expected to continue accounting for majority of the overall market through 2020. This is a result of the growing use of HMDs in medical as well as military training modules.
  • North America accounted for over 35% of the global HMD market in 2013; Asia Pacific is expected to exhibit high growth over the forecast period. Establishment of manufacturing facilities along with technology advancement due to the presence of Japan, South Korea and China is expected to fuel regional market growth.
  • Key companies operating in the market include eMagin Corporation, BAE Systems, Vuzix, Rockwell Collins and Seiko Epson. Major manufacturers have started developing products targeted at entertainment purposes; additionally, geographical expansion is expected to be a key growth strategy.

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