eMagin To Receive R&D Contract Awards
These awards confirm eMagin’s OLED technology dominance and signal an increase in the company’s contract revenue in the coming quarters
HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--eMagin Corporation (NYSE MKT: EMAN) has been notified it will receive a number of R&D contracts over the next 2 months. These awards represent a significant increase in the company’s R&D contract revenue beginning in its third quarter. The company believes these notifications signal an improved outlook for future awards which will allow us to further broaden our technology base and our leadership position in the OLED market.
“We are very pleased our OLED technology leadership and expertise continues to be acknowledged and we look forward to sharing the specifics of these awards as the contracts are signed. eMagin’s ultra-high brightness and high resolution technology is critical to government programs and meets the requirements of the exploding consumer personal headset market. Our recently demonstrated Ultra-high brightness full color OLED technology is capable of over 5,000 cd/m2. New development projects will more than double this capability,” said Andrew G. Sculley, president and CEO of eMagin Corporation.
About eMagin Corporation
A leader in OLED microdisplay technology, OLED microdisplay manufacturing know-how and mobile display systems, eMagin manufactures high-resolution OLED microdisplays and integrates them with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low-power, lightweight personal displays. eMagin microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs. More information about eMagin is available at www.emagin.com.
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. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
OLED-XL, Color OLED-XLS and True Black are trademarks of eMagin Corp. OLED-ULT is trademark pending. All other names are the products of their respective owners.