HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--Jan. 6, 2016--
eMagin Corporation (NYSE MKT:EMAN) has signed a non-exclusive
intellectual property (IP) licensing agreement for its unique 4
MegaPixel per eye immersive virtual reality headset technology with an
undisclosed company. The deal includes an upfront licensing fee of $1M
and a commitment to use eMagin’s 2,000 x 2,000 pixel full color displays
in the company’s headsets. eMagin’s OLED microdisplays are the superior
choice for the emerging Virtual Reality (VR) and Augmented Reality (AR)
markets with features such as their speed (which helps prevent nausea),
small size, low power consumption, high brightness and high contrast.
These features make eMagin’s microdisplays a better choice than
alternative liquid crystal based display technologies like LCOS or LCD.
“This licensing agreement confirms that our immersive headset technology
is unique in the VR market,” said Andrew G. Sculley, CEO of eMagin
Corporation. “Our immersive headset has four times the resolution of
alternative cellphone based VR headsets and provides a more realistic,
“screen-door”- free image. This agreement also demonstrates that
eMagin’s OLED microdisplays are the right choice for VR applications,
giving eMagin the opportunity to jump into the market with its highest
resolution microdisplay offering.”
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 consumption, lightweight
personal displays. eMagin microdisplays provide near-eye imagery in a
variety of products from military, industrial, medical and consumer
OEMs. 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. 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. OLED-XL, Color OLED-XLS and
True Black are trademarks of eMagin Corp. OLED-ULT is trademark pending.
All other names are the products of their respective owners.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160106006599/en/
Source: eMagin Corporation
eMagin Corporation:
Jeffrey Lucas, 845-838-7900
jlucas@emagin.com
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