Apache looks like it's a "GO"

Business and Product Highlights

• We successfully processed the initial 4K x 4K wafers that we designed for a Tier 1 consumer electronics partner which we received in December. This enabled us to validate the base functionality of the 4K x 4K display and confirmed our ability to develop a large area silicon microdisplay with no visible non-uniformities. These high brightness displays will be used to develop a headset with a wide field of view and no screen door effect. Validation at the individual display level is expected to be completed during the second quarter with full color prototype development using our dPd technology completed in the third quarter.
• We delivered displays for the F-35 Lightning II helmet throughout the first quarter while continuing to work closely with the Collins Aerospace team to further improve the display in preparation for Low Rate Initial Production.
• We increased our presence in the medical device market with an order from a new customer, an innovative developer and manufacturer of diagnostic and ophthalmic surgical equipment, for the development of their next generation diagnostic equipment.
• In April, we received a follow-on order of $239,000 in support of the Javelin Missile program Command Launch Unit. This is in addition to $560,000 of orders that we received during 2018.
• We continue to support full rate production for the US ARMY ENVG III program. Additionally, we are working with both prime contractors on pre-production units for the ENVG Binocular program. This program is anticipated to commence production in late 2019/early 2020 with an overall acquisition objective by the U.S. Army of approximately 190,000 systems.
• In April, we received a $627,000 order for the ENVG II program which the Company has been supporting since 2013, evidencing the ongoing revenue opportunities from mature programs.
• In the first quarter of 2019, we received $150,000 from the US Army for OLED display production and yield improvement projects in addition to the $830,000 we received in 2018. An additional $900 thousand of projects are under consideration with this successful program, of which $120 thousand has already been confirmed for 2019.
• Our high brightness microdisplay that we delivered to a major defense contractor last year has been selected for a next generation U.S. rotary wing helmet program with procurement expected beginning in 2020.