eMagin Corporation Announces Significant Order, Strengthening Strategic Partnership with Major Defense Contractor
December 17 2019 - 8:39AM
Business Wire
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.
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version on businesswire.com: https://www.businesswire.com/news/home/20191217005489/en/
eMagin Corporation Jeffrey Lucas, President and Chief Financial
Officer 845-838-7931 jlucas@emagin.com
Affinity Growth Advisors Betsy Brod 212-661-2231
betsy.brod@affinitygrowth.com
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