Q3 Business and Product Highlights

The Company continued to make progress towards its goals of winning new U.S. military programs while expanding its presence in foreign military, commercial and industrial markets.

• Beginning to deliver displays for the Low Rate Initial Production (LRIP) phases of the U.S. Army’s Enhanced Night Vision Goggle III (ENVG III) and Family of Weapon Sight-Individual (FWS-I) programs. Shipments under these programs are expected to accelerate beginning in the fourth quarter 2016 and continuing into 2020.
• Entered into a multi-year agreement with a major European defense company that manufactures thermal weapon sights and goggle systems that continues through 2018 and totals in excess of $3.5 million in display sales.
• Awarded a new production contract for a European military helmet mounted display system for augmented reality training and simulation. This order will provide displays for initial production in 2017 with follow-on orders expected for several years.
• Received an initial order for a military air defense missile system which will be deployed in 19 countries. Production is scheduled to last through 2020, followed by long-term maintenance and support.
• Notified by a major medical device company that eMagin’s HD-plus resolution WUXGA display has been selected for the next generation of surgical equipment. This further establishes eMagin’s presence in the medical device field and follows a large order in the second quarter from another major medical device company.
• Prepared for launch of first two consumer products, BlazeSpark^TM and BlazeTorch^TM, for night vision. Click for Release.