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eMagin Overviews OLED Display Progress at

Hopewell Junction, N.Y., September 24, 2004 -- eMagin Corporation's (AMEX:EMA) chief executive officer and president, Gary Jones, and chief financial officer, John Atherly, addressed the Display Technology Investment Conference, co-sponsored by WR Hambrecht and Co. and the United States Display Consortium, in San Francisco September 23. eMagin, the leader in OLED microdisplays, provides displays and modules for more than 30 products used for military, commercial, and medical applications.

“We can now get past the border imposed by fixed screens,” Jones noted. “Whether it's 12 or 105 inches, the display limits perspective. The image stops at the edge. At eMagin, we challenge ourselves to think beyond the edges. We talk about the large screen experience where the effective usable size can be almost anything, where the image extends beyond a few hundred pixels.”

The company has demonstrated a binocular headset that delivers 3D stereovision in effective full-surround so that a viewer could see left and right, up and down, and behind with a simple turn of the head. Said Jones, “This can provide the virtual effect of a room full of displays. Studies have shown marked improvements in productivity when users have a dual screen display. Imagine how easy it would be if you had your spreadsheet, net research, presentation, and email arrayed in front of you. Imagine being able to see through the first layer of the spread sheet to the numbers behind the numbers or walk along room size documents or images.”

Citing early efforts at virtual reality headsets that relied on heavy CRTs or LCDs that demanded a lot of power and delivered images plagued by flicker, he noted that displays have been one of the limiting factors. "It's taken time for the right matrix of technologies to develop. eMagin innovations coupled with other electronics and software developments have converged to help us realize virtual imaging, a view without borders. Microprocessors are faster, stereovision and perspective tracking is available in low cost games, precision largefield optics can be molded, and video and audio are standard capabilities for today's computers. OLED microdisplays are one more key development. They're low power, needing only what's supplied by the USB; and they deliver bright, high-speed color video and very high contrast with no flicker."

eMagin's technology is already being used in many industrial and military applications, such as night vision, thermal imaging, situational awareness, computer aided design, simulation, and robot control, with consumer applications on the horizon. 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