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eMagin Exhibits OLED Solutions at CEATAC

CEO presents OLED advantages for consumer applications

Tokyo, October 5, 2004 – eMagin Corporation (AMEX: EMA), the leader in active matrix OLEDon- silicon displays, is demonstrating its displays in 3D stereovision at CEATAC at the Makuhari Messe Convention Center in the city of Chiba. Visitors to eMagin's booth #8D20 can experience 3D virtual images in some of today's most popular computer games.

In addition, Gary Jones, eMagin's president and chief executive officer, will give a presentation about the state of OLED technology and product development, as well as the market potential for OLED microdisplay-based products in the near-to-eye sector for consumer applications. The presentation will be given October 7 at 3:30 pm to 4:30 pm at the International Exhibition Hall 7, Makuhari Messe Center.

eMagin has developed and patented on-display processing to deliver seamless 3D virtual images in motion-tracking head-mounted displays. Available in resolutions up to 852 x 600 (SVGA+), eMagin's displays deliver the brilliant color and unsurpassed contrast characteristic of OLED displays in a compact, low-power design. The company's displays have recently been incorporated into more than 30 products for commercial, industrial, medical, and defense applications, including Total Fire Group's Fire Warrior (tm) thermal imager which will be demonstrated at the show.

Analysts predict that the OLED market will grow into a several billion dollar industry over the next five years. Through its technology innovation, eMagin is extending the potential markets for OLED into microdisplays. The company has developed its active matrix OLED microdisplays on silicon chips, taking advantage of the processing capability to buffer video information at each pixel for a more responsive virtual imaging experience.

eMagin's OLED-on-silicon displays deliver high-resolution full color or monochrome imagery for near-eye applications. Because OLED materials emit light, eMagin displays are thinner and consume less power than conventional microdisplay technologies. In addition, eMagin displays offer higher contrast and a wider dispersion of light, making them more comfortable and useful for near-eye applications than competing technologies. CEATEC Japan 2004 is one of the largest exhibitions in Asia, featuring cutting-edge technologies displayed by over 700 domestic and overseas companies and groups. The exhibit continues through October 9, 2004. 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