eMagin To Receive R&D Contract Awards

eMagin Corporation has been notified it will receive a number of R&D contracts over the next two 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,” said Andrew G. Sculley, president and CEO of eMagin Corporation. “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.”