eMagin Ranked 311th Fastest Growing Technology Company in North America

eMagin Corporation announced that it has been ranked number 311 on Technology Fast 500, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006-2010.

“We are honored to be included on the Technology 500 list of the fastest growing technology companies in North America for the fifth consecutive year” stated Andrew Sculley, president and CEO. “We continue to lead the Active Matrix OLED-microdisplay industry with cutting edge technologies, products and solutions that address the needs of our military, industrial and consumer customers who recognize the significant operating advantages of our microdisplays, including lower power consumption, wider temperature range, higher contrast, higher resolution and faster response time.”

“As part of our continuing effort to enhance our production capabilities to accelerate growth, we will soon begin installing and operating our new, state-of-the-art OLED deposition machine,” Sculley added. “Once fully operational, we expect up to a ten-fold increase in deposition capacity and greater yield.”

“eMagin, like all 2011 Technology Fast 500 companies, has excelled in fostering innovation and channeling it into spectacular growth — against the backdrop of one of the most a challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. “Deloitte recognizes eMagin for its remarkable accomplishments.”

“We are pleased to honor eMagin as a 2011 Technology Fast 500 company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, eMagin has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”

Overall, 2011 Technology Fast 500 companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent.