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eMagin Displays In SaabTech HMD Prototype

HOPEWELL JUNCTION, N.Y., September 15, 2004 – eMagin Corporation (AMEX: EMA), the leading manufacturer of active matrix OLED-on-silicon displays, is delivering virtual imagery in SaabTech's prototype Soldier Head-Mounted Device (HMD). One of the world's leading high technology companies, Saab is marketing the HMD for military and commercial applications.

SaabTech is using the displays in head-mounted devices for applications that require visualization of full-color, high-resolution information, such as evaluation of reconnaissance photos, communication of critical command and control information, computer-aided design, urban planning, medical training, and similar applications. SaabTech – a member of the Saab Group – is a leading supplier of Avionics and electronic warfare systems on the international market. The company is currently engaged in programs within the European Community regarding new organic lightemitting diode (OLED) displays and 3D virtual cooperative applications using HMDs.

“SaabTech's prototype HMDs for training and information delivery highlights one value of the virtual image,” said Susan Jones, executive vice president and chief marketing & strategy officer, eMagin Corporation. “We're pleased that they have chosen to develop products with our displays. The systems they are creating will lead the way into new markets and new ways of accessing and interacting with information.”

eMagin's OLED-on-silicon displays deliver high-resolution full color or monochrome imagery for near-eye applications. Because OLED materials emit light, OLED displays are thinner and consumer less power than conventional LCDs. In addition, OLED displays offer higher contrast and a wider dispersion of light, making them more comfortable and usable for near-eye applications. About eMagin Corporation: A leader in OLED technology and personal display systems, eMagin manufactures and integrates high-resolution OLED microdisplays, magnifying optics, and systems technologies to create a virtual image comparable to that of a large computer monitor or a large-screen television. eMagin's OLED displays have been incorporated into a variety of near-eye imaging products for military, industrial, medical, and consumer markets that choose eMagin's award-winning technology as a core component for their solutions. eMagin's first personal display system, the Z800 3DVisor, provides superb 3D stereovision and headtracking for PC gaming, training and simulation, and other applications. It won the CEA's Best of Innovations award in the digital display category and won additional recognition in the electronic gaming category. eMagin's microdisplay manufacturing and R&D operations are co-located with IBM on its campus in East Fishkill, New York. System design facilities and sales and marketing are located in Bellevue, Washington. A sales office is located in Tokyo, Japan. For additional information, please visit www.emagin.com and www.3dvisor.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 and its subsidiaries' expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. All statements contained herein are based upon information available to eMagin's management as of the date hereof, and actual results may vary based upon future events, both within and without eMagin management's control. 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.

Note:eMagin, Eyebud, 3DVisor, X800 and Z800 are trademarks of eMagin Corporation.

FOR MORE INFORMATION:

Contact: Joe Runde
Phone: 425.882.7878
Email: jrunde@emagin.com