eMagin Announces New Products for the Consumer Market
November 11 2016 - 7:00AM
Business Wire
eMagin Corporation, or the “Company” (NYSE MKT:
EMAN), a leader in the development, design and manufacture of
Active Matrix OLED microdisplays for high resolution imaging
products, today announced the launch of two new products:
BlazeSparkTM and BlazeTorchTM, innovative and affordable night
vision products for the consumer marketplace.
“eMagin is bringing military quality, high resolution night
vision to the mass market,” said Andrew G. Sculley, President and
CEO of eMagin. “Our products, BlazeSpark and BlazeTorch, were
designed with the sports enthusiast in mind. With the superior
night infrared technology and other features of the products, we
expect them to be equally attractive to law enforcement, first
responders, utility companies and others who work at night.
Importantly, we are launching these new products at disruptive
price points compared to existing products on the market. As such,
we believe eMagin has the capability to significantly expand the
market for these applications.
“We are also are excited to have been named a 2017 Consumer
Electronics Show (“CES”) Innovation Award Honoree in the Digital
Imaging product category for BlazeSpark. This prestigious award was
presented last night at the CES Awards Banquet in New York City in
advance of the CES show in Las Vegas next January where we will be
an exhibitor. Both products will be sold through our website
www.blazethenight.com as well as through specialty partner
channels.”
The BlazeSpark product is a handheld smartphone attachment that
allows consumers to see clear, high-resolution images in the dark
by inserting their smartphone into a revolutionary case that will
display what the night vision sensor is seeing. A companion app
allows users to record, chat, and live stream content within the
BlazeSpark network or to other social media sites and share their
experience worldwide. The suggested retail price will be below
$300.
The BlazeTorch product is a wearable device that utilize
eMagin’s advanced OLED microdisplay technology to provide
hands-free operation during night-time activities with the
capability to record and upload content. Video can be uploaded to
www.blazethenight.com as well as shared with others on social media
sites. The suggested retail price for the wearable headset will be
below $1,000.
“We have established the supply chain and built inventory for
the initial launch. We anticipate ramping up production for
expanded distribution during the first quarter of 2017. We expect a
modest contribution to revenues in 2016 and look for a more
meaningful contribution in 2017 as volumes increase,” continued Mr.
Sculley.
“We believe that these products will form the basis of an
important new revenue stream for the company outside of our
traditional markets. We are excited by opportunities to further
leverage our leading microdisplay technology to expand our consumer
offerings beyond this initial product launch,” concluded Mr.
Sculley.
More information on eMagin’s new consumer products, BlazeSpark
and BlazeTorch, can be found at www.blazethenight.com.
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 from military,
industrial, medical and consumer OEMs. 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. 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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20161111005038/en/
eMagin CorporationJeffrey Lucas, Chief Financial
Officer845-838-7931jlucas@emagin.comorMBS Value PartnersBetsy Brod,
212-661-2231Betsy.brod@mbsvalue.com
eMagin (AMEX:EMAN)
Historical Stock Chart
From Mar 2024 to Apr 2024
eMagin (AMEX:EMAN)
Historical Stock Chart
From Apr 2023 to Apr 2024