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January 05, 2018 08:01 AM Eastern Standard Time

HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--eMagin Corporation (NYSE American: EMAN) (“eMagin” or the “Company”), 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 augmented reality (“AR”) and virtual reality (“VR”) markets by appointment only to select customers at CES from January 9th through January 11th. eMagin is the only company that has designed and manufactured 2K OLED microdisplays which provide the brightness that consumer products companies demand for their next generation AR and VR headsets.

“We have multiple agreements in place with consumer OEM partners and are continuing to advance discussions with mass production partners as well. In addition, we are pleased to announce an agreement with a U.S. based chipmaker to support scaling of mass production for the consumer AR and VR markets.”

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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 Andrew Sculley, President and CEO of eMagin. “We have multiple agreements in place with consumer OEM partners and are continuing to advance discussions with mass production partners as well. In addition, we are pleased to announce an agreement with a U.S. based chipmaker to support scaling of mass production for the consumer AR and VR markets.”

“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 Steve Costello, SVP of Strategic Partnerships at scostello@emagin.com or 617-462-9726.