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eMagin Corporation Announces Significant Order, Strengthening Strategic Partnership with Major Defense Contractor

December 17, 2019 GMT

HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--Dec 17, 2019--

eMagin Corporation, or the “Company”, (NYSE American:EMAN), a leader in the development, design and manufacture of Active Matrix OLED microdisplays for high resolution near-eye imaging products, today announced an order of approximately $5.6 million for displays from a major defense contractor.

“This order for OLED microdisplays further strengthens our strategic partnership with this major defense contractor and reflects our long-standing relationship supporting a broad spectrum of military and commercial programs,” stated Andrew G. Sculley, CEO of eMagin.

“Display deliveries under this purchase order will commence in the current quarter and are scheduled to continue through December 2020. We are excited that this major defense contractor continues to use eMagin OLED microdisplays for currently fielded programs and for the ongoing collaboration between our development teams for programs of the future,“ Sculley added.

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’s microdisplays provide near-eye imagery in a variety of products for military, industrial, medical and consumer applications. More information about eMagin is available at www.emagin.com.

Forward-Looking Statements

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. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the section entitled “Risk Factors” in eMagin’s Annual Report on Form 10-K for the fiscal year ended December 31, 2018.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191217005489/en/

CONTACT: eMagin Corporation

Jeffrey Lucas, President and Chief Financial Officer

845-838-7931

jlucas@emagin.comAffinity Growth Advisors

Betsy Brod

212-661-2231

betsy.brod@affinitygrowth.com

KEYWORD: UNITED STATES NORTH AMERICA NEW YORK

INDUSTRY KEYWORD: SEMICONDUCTOR CONSUMER ELECTRONICS DEFENSE TECHNOLOGY NANOTECHNOLOGY AUDIO/VIDEO CONTRACTS

SOURCE: eMagin Corporation

Copyright Business Wire 2019.

PUB: 12/17/2019 08:39 AM/DISC: 12/17/2019 08:39 AM

http://www.businesswire.com/news/home/20191217005489/en