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eMagin Corporation Receives New Order for Collins Aerospace Helmet Displays

HOPEWELL JUNCTION, N.Y. –January 7, 2020 – 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 $1.4 million for displays from Collins Aerospace.

“This significant order for OLED microdisplays will support the delivery of F-35 Helmet Mounted Displays (HMD) supplied by Collins Elbit Vision Systems (CEVS) and extends our ongoing monthly display deliveries through third quarter 2020,” stated CEO Andrew G. Sculley.

“We continue to work closely with the Collins team in preparation for Limited Rate Initial Production,“ Mr. 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.

CONTACT:

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