eMagin Corporation Offers World's First Full-Color OLED

Full-Color, Video-Capable OLED Microdisplays to be Available to Commercial

Manufacturers Worldwide



Apr 18, 2001, 01:00 ET from eMagin Corporation

    HOPEWELL JUNCTION, N.Y., April 18 /PRNewswire/ -- eMagin Corporation
 (Amex:   EMA), the leader in OLED-on-Silicon microdisplay technology, today
 announced that it is accepting orders for its new full-color active matrix
 organic light emitting diode (OLED) SVGA+ Developer's Kit.  The SVGA+ OLED
 microdisplay, designed for consumer applications, contains more than
 1.5 million individually addressable picture elements and exhibits up to
 16 million colors.
     "eMagin has the first OLED microdisplay available for sale to commercial
 manufacturers for use as a computer or video display," said Gary Jones,
 eMagin's CEO and president.  "It is essentially the first full-color
 commercial OLED display of any kind available.  This marks an important
 turning point for eMagin as a company, as we move from the development-stage
 toward production."
     The SVGA+ Developer's Kit, targeted at near-eye video and data
 applications, will be available to original equipment manufacturers (OEMs)
 designing viewers for mobile information products such as portable computers,
 wireless Internet viewers, portable DVD players, gaming platforms, and
 wearable computers.  The kit consists of a color SVGA+ resolution microdisplay
 and associated electronics required for OEMs to build and test new products.
 It will also provide OEMs with the first opportunity to evaluate an
 OLED-on-silicon microdisplay.  Key advantages include low power, high
 luminance, lighter weight, easy integration with optics, and capability for
 integration on silicon ICs to provide system-on-a-chip capability.
 Properly interfaced, the display will support either PC or consumer video
 applications requiring minimal system power.  At the same time, it provides
 high-resolution, high-speed, flicker-free video that can be coupled with
 inexpensive optics to create a large field of view with easy-to-view images.
     Jones added, "Our team at eMagin has worked intensely to bring this new
 technology to market and to create an automated manufacturing capability.  We
 also want to thank our outstanding partners and suppliers including Kodak,
 Covion, Idemitsu Kosan, Ulvac, the US Air Force, and the US Army, among
 others.  It is truly wonderful to see the excitement from our customers as
 they realize how much performance they are going to be able to achieve with
 our SVGA+ display, coupled with the elimination of the many expensive
 components needed to utilize other microdisplay products that otherwise can
 double or triple the cost."
     eMagin recently brought into operation the last of its core manufacturing
 equipment, which provides potential capacity for 50,000 to 100,000 SVGA-class
 displays per month.  The company has already received requests from over
 40 OEMs and is seeking potential partners who require high-volume microdisplay
 production capacity.  Customer requests for Developer Kits and additional
 SVGA+ displays should go to www.emagin.com or call 408-567-9700.
     eMagin will be showing the SVGA+ in several demonstration viewfinder and
 headset systems in the West Hall of the Electronic Display Exhibition (EDEX
 2001) in Tokyo through April 20, 2001.
 
     About eMagin's SVGA+ OLED Microdisplay
     The SVGA+ microdisplay has a compact 0.62-inch diagonal active screen that
 is suitable for creating virtual images similar to the real images of a
 computer monitor or large TV screen.  This display has over 1.5 million
 potential color subpixel elements (600 x 3 x 852 pixels).  The display was
 dubbed "SVGA Plus" because it has 52 more imaging columns than a standard SVGA
 display.  These added columns make it possible for the SVGA+ display to run
 either 600 x 800 pixels in order to interface to the analog output of portable
 computers or to run 852 x 480 pixels in a 16:9 wide screen entertainment
 format (e.g., DVD players).  The OLED microdisplay stores all the color and
 luminance value information at each of the pixel elements in the display
 array, eliminating the flicker or color breakup seen by most other high
 resolution microdisplay technologies.
     The display contains the majority of the electronics required for
 connection to the RGB port of a PC imbedded in its silicon IC backplane,
 thereby eliminating many other components required by other display
 technologies such as D-A converters, ASICs, light sources, multiple optical
 elements, and other components.  This unique design makes the new class of
 microdisplay potentially the most compact, highest image quality, and lowest
 cost solution for SVGA resolution near-eye applications.
     In addition, with no perimeter glue seal band requirement, the number of
 displays per silicon wafer can be higher on OLEDs than on liquid crystal
 displays (LCDs), helping to reduce the cost to OEMs.  eMagin's unique long
 life OLED technology has the potential for over 10,000 hour life at luminances
 brighter than the typical notebook computer display, well in excess of the
 requirement for most near-eye viewer consumer products.  The OLED-on-silicon
 microdisplay has exhibited superior temperature range characteristics over
 other near-eye viewer alternatives and is expected to have lowest power
 consumption requirement of any full-color, full-video SVGA resolution range
 display on the market.
 
     About eMagin Corporation
     A leading developer of virtual imaging technology, eMagin combines
 integrated circuits, microdisplays, and optics to create a virtual image
 equivalent to the real image of a computer monitor or large-screen TV.  These
 miniature, high-performance, virtual imaging modules provide access to
 information-rich text, data, and video, which can facilitate the opening of
 new mass markets for wearable PCs, wireless Internet appliances and mobile
 phones, portable DVD-viewers, digital cameras, and other emerging
 applications.
     eMagin's intellectual property portfolio of more than 100 patents issued
 or filed is leveraged by key OLED technology licensed from Eastman Kodak and
 joint development programs with IBM and Covion.  OLEDs are emissive devices
 (i.e., they create light), as opposed to liquid crystal displays (LCDs) that
 require a separate light source.  OLED devices use less power and are capable
 of high brightness and color.  Because the light they emit is "Lambertian"
 (i.e., appears equally bright from all directions), they are ideal for near to
 the eye applications since a small movement in the eye does not change the
 image.  According to Stanford Resources, a leading market research firm
 focusing on the global electronic display industry, the worldwide market for
 OLED displays will grow to $1.6 billion in 2007, or 63% a year over that
 period.
     eMagin's corporate headquarters and microdisplay operations are co-located
 with IBM on its campus in East Fishkill, N.Y.  Wearable and mobile computer
 headset/viewer system design and full-custom microdisplay system facilities
 are located at its wholly owned subsidiary, Virtual Vision, Inc., in Redmond,
 WA.  The company has sales and marketing offices in Santa Clara, CA and in
 Japan.  Further information about eMagin and its virtual imaging solutions can
 be accessed at www.emagin.com.
 
     Note to editors: eMagin is properly spelled beginning with a lower case e.
 
     This 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.  These statements relate to future events or our future
 financial performance.  In some cases, you can identify forward-looking
 statements by terminology such as "may," "will," "should," "expect," "plan,"
 "anticipate," "believe," "estimate," "predict," "potential" or "continue," the
 negative of such terms, or other comparable terminology.  These statements are
 only predictions.  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.
 
 

SOURCE eMagin Corporation
    HOPEWELL JUNCTION, N.Y., April 18 /PRNewswire/ -- eMagin Corporation
 (Amex:   EMA), the leader in OLED-on-Silicon microdisplay technology, today
 announced that it is accepting orders for its new full-color active matrix
 organic light emitting diode (OLED) SVGA+ Developer's Kit.  The SVGA+ OLED
 microdisplay, designed for consumer applications, contains more than
 1.5 million individually addressable picture elements and exhibits up to
 16 million colors.
     "eMagin has the first OLED microdisplay available for sale to commercial
 manufacturers for use as a computer or video display," said Gary Jones,
 eMagin's CEO and president.  "It is essentially the first full-color
 commercial OLED display of any kind available.  This marks an important
 turning point for eMagin as a company, as we move from the development-stage
 toward production."
     The SVGA+ Developer's Kit, targeted at near-eye video and data
 applications, will be available to original equipment manufacturers (OEMs)
 designing viewers for mobile information products such as portable computers,
 wireless Internet viewers, portable DVD players, gaming platforms, and
 wearable computers.  The kit consists of a color SVGA+ resolution microdisplay
 and associated electronics required for OEMs to build and test new products.
 It will also provide OEMs with the first opportunity to evaluate an
 OLED-on-silicon microdisplay.  Key advantages include low power, high
 luminance, lighter weight, easy integration with optics, and capability for
 integration on silicon ICs to provide system-on-a-chip capability.
 Properly interfaced, the display will support either PC or consumer video
 applications requiring minimal system power.  At the same time, it provides
 high-resolution, high-speed, flicker-free video that can be coupled with
 inexpensive optics to create a large field of view with easy-to-view images.
     Jones added, "Our team at eMagin has worked intensely to bring this new
 technology to market and to create an automated manufacturing capability.  We
 also want to thank our outstanding partners and suppliers including Kodak,
 Covion, Idemitsu Kosan, Ulvac, the US Air Force, and the US Army, among
 others.  It is truly wonderful to see the excitement from our customers as
 they realize how much performance they are going to be able to achieve with
 our SVGA+ display, coupled with the elimination of the many expensive
 components needed to utilize other microdisplay products that otherwise can
 double or triple the cost."
     eMagin recently brought into operation the last of its core manufacturing
 equipment, which provides potential capacity for 50,000 to 100,000 SVGA-class
 displays per month.  The company has already received requests from over
 40 OEMs and is seeking potential partners who require high-volume microdisplay
 production capacity.  Customer requests for Developer Kits and additional
 SVGA+ displays should go to www.emagin.com or call 408-567-9700.
     eMagin will be showing the SVGA+ in several demonstration viewfinder and
 headset systems in the West Hall of the Electronic Display Exhibition (EDEX
 2001) in Tokyo through April 20, 2001.
 
     About eMagin's SVGA+ OLED Microdisplay
     The SVGA+ microdisplay has a compact 0.62-inch diagonal active screen that
 is suitable for creating virtual images similar to the real images of a
 computer monitor or large TV screen.  This display has over 1.5 million
 potential color subpixel elements (600 x 3 x 852 pixels).  The display was
 dubbed "SVGA Plus" because it has 52 more imaging columns than a standard SVGA
 display.  These added columns make it possible for the SVGA+ display to run
 either 600 x 800 pixels in order to interface to the analog output of portable
 computers or to run 852 x 480 pixels in a 16:9 wide screen entertainment
 format (e.g., DVD players).  The OLED microdisplay stores all the color and
 luminance value information at each of the pixel elements in the display
 array, eliminating the flicker or color breakup seen by most other high
 resolution microdisplay technologies.
     The display contains the majority of the electronics required for
 connection to the RGB port of a PC imbedded in its silicon IC backplane,
 thereby eliminating many other components required by other display
 technologies such as D-A converters, ASICs, light sources, multiple optical
 elements, and other components.  This unique design makes the new class of
 microdisplay potentially the most compact, highest image quality, and lowest
 cost solution for SVGA resolution near-eye applications.
     In addition, with no perimeter glue seal band requirement, the number of
 displays per silicon wafer can be higher on OLEDs than on liquid crystal
 displays (LCDs), helping to reduce the cost to OEMs.  eMagin's unique long
 life OLED technology has the potential for over 10,000 hour life at luminances
 brighter than the typical notebook computer display, well in excess of the
 requirement for most near-eye viewer consumer products.  The OLED-on-silicon
 microdisplay has exhibited superior temperature range characteristics over
 other near-eye viewer alternatives and is expected to have lowest power
 consumption requirement of any full-color, full-video SVGA resolution range
 display on the market.
 
     About eMagin Corporation
     A leading developer of virtual imaging technology, eMagin combines
 integrated circuits, microdisplays, and optics to create a virtual image
 equivalent to the real image of a computer monitor or large-screen TV.  These
 miniature, high-performance, virtual imaging modules provide access to
 information-rich text, data, and video, which can facilitate the opening of
 new mass markets for wearable PCs, wireless Internet appliances and mobile
 phones, portable DVD-viewers, digital cameras, and other emerging
 applications.
     eMagin's intellectual property portfolio of more than 100 patents issued
 or filed is leveraged by key OLED technology licensed from Eastman Kodak and
 joint development programs with IBM and Covion.  OLEDs are emissive devices
 (i.e., they create light), as opposed to liquid crystal displays (LCDs) that
 require a separate light source.  OLED devices use less power and are capable
 of high brightness and color.  Because the light they emit is "Lambertian"
 (i.e., appears equally bright from all directions), they are ideal for near to
 the eye applications since a small movement in the eye does not change the
 image.  According to Stanford Resources, a leading market research firm
 focusing on the global electronic display industry, the worldwide market for
 OLED displays will grow to $1.6 billion in 2007, or 63% a year over that
 period.
     eMagin's corporate headquarters and microdisplay operations are co-located
 with IBM on its campus in East Fishkill, N.Y.  Wearable and mobile computer
 headset/viewer system design and full-custom microdisplay system facilities
 are located at its wholly owned subsidiary, Virtual Vision, Inc., in Redmond,
 WA.  The company has sales and marketing offices in Santa Clara, CA and in
 Japan.  Further information about eMagin and its virtual imaging solutions can
 be accessed at www.emagin.com.
 
     Note to editors: eMagin is properly spelled beginning with a lower case e.
 
     This 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.  These statements relate to future events or our future
 financial performance.  In some cases, you can identify forward-looking
 statements by terminology such as "may," "will," "should," "expect," "plan,"
 "anticipate," "believe," "estimate," "predict," "potential" or "continue," the
 negative of such terms, or other comparable terminology.  These statements are
 only predictions.  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.
 
 SOURCE  eMagin Corporation