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Vinghog Incorporates eMagin Microdisplays

OLEDs to be Used in Norwegian Soldier Modernization Program

HOPEWELL JUNCTION, N.Y., & TØNSBERG, Norway, July 21, 2004 -- eMagin Corporation (AMEX: EMA), the leading manufacturer of active matrix OLED-on-silicon displays, has placed its award-winning SVGA+ microdisplay in a fire control system (FCS) being developed by Vinghøg AS of Tønsberg, Norway. The company is preparing the system as part of the Norwegian Soldier Modernization Program. Vinghøg designed this system as a stand-alone universal site for all weapons and calibers from 5.56 to 40 mm automatic grenade launcher.

The Vingsight FCS uses a see-through OLED microdisplay to deliver graphic and text information as overlays on the target image. The overlays show the user's own position, target position, waypoint indication, and bank and arrow indication for direction. In addition, an integrated camera provides enhanced low-light operation. The Vingsight system also contains a laser rangefinder, digital magnetic compass, GPS, motion and temperature sensors, and storage capacity for ten images. It communicates by USB2.

"Modernizing our military means preparing them for the 21st century; so we built our system to take advantage of the latest technologies and deliver capabilities for tomorrow's conflicts," said Trygve Egenes, Managing Director, Vinghøg AS. "The OLED display can deliver the brightness we need for daylight and low-light applications at temperatures starting at -40oC. And its low power and weight make it ideal for the Vingsight."

"The Vingsight FCS delivers critical information where and when it's needed. Vinghøg has done an efficient, effective design," said Susan Jones, eMagin's chief marketing and strategy officer. "It's exciting for us to see our displays used in such a critical and advanced system."

About Vinghøg AS Vinghøg's tradition and reputation for quality and innovation began over 50 years ago when the company was first established to rebuild cannons and fortifications for the Norwegian government. In the early days the company worked closely with the Norwegian defense forces to improve their existing products and develop new equipment. Over the years the business has grown from being a small and efficient manufacturer concentrating on serving their domestic market to a truly international, sophisticated mechanical, electro-optical engineering company with customers around the world. For more information, go to http://www.vinghog.com.

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