Covion and eMagin Team to Develop and Commercialize OLED Display Materials.Business & Technology Editors HOPEWELL JUNCTION, N.Y and FRANKFURT, Germany--(BUSINESS WIRE)--May 2, 2000-- Alliance Represents Another Major Step Toward Commercialization of OLED (Organic Light Emitting Device, Organic Light Emitting Diode) A thin film light-emitting technology that is expected to compete with LCD and plasma TVs as well as LCD monitors and readouts. Microdisplays On Silicon Chips, to Enable Virtually-Large Screens for Handheld Internet Devices and Wearable Computers eMagin Corporation (AMEX AMEX See: American Stock Exchange :EMA (1) (Enterprise Management Architecture) An earlier strategic plan from Digital for integrating network, system and application management. It provided the operating environment for managing a multi-vendor network. ), a leading manufacturer of virtual imaging technology, and Covion Organic Semiconductors GmbH, a developer of organic light emitting diode See LED. (OLED) materials, are teaming to bring eMagin's new microdisplay products to market using Covion's new organic OLED materials. Covion is a joint venture between the global chemical companies Aventis and Avecia. Under the terms of the agreement, Covion will supply new organic light emitting organic materials which eMagin will evaluate for eMagin's microdisplay applications, and eMagin will supply prototype displays to Covion for demonstration purposes. Financial arrangements between the companies were not disclosed. Covion's organic OLED materials are being developed for incorporating into eMagin's future microdisplay applications such as wearable computers, entertainment headsets, and handheld portable Internet appliances or telecommunication devices. In particular, Covion's materials are being evaluated for their potential to permit the development of high temperature processable OLED displays which can be operated at projection compatible luminance The amount of brightness, measured in lumens, that is given off by a pixel or area on a screen. For example, dark red and bright red would have the same chrominance, but a different luminance. levels. OLED microdisplays are small flat panel displays A thin display screen for computer and TV usage. The first flat panels appeared on laptop computers in the mid-1980s, and the LCD technology became the standard. Stand-alone LCD screens became available for desktop computers in the mid-1990s and exceeded sales of CRTs for the first time which are optically magnified to produce large virtual images of data or video. For example, a 0.6-inch diagonal microdisplay could produce a virtual image equivalent to a 19-inch computer screen or a 60-in television. OLEDs are seen as a promising technology for virtual imaging systems due to their large field of view, low power consumption, and potential for low cost manufacturing processes. "This important alliance further expands our core technology base," said Susan K. Jones, eMagin's Executive Vice President. "The ability to process OLED displays at high temperature and to operate the OLEDs at much higher power Higher power is a term used in a 12-step program, such as Alcoholics Anonymous, to describe "a power greater than yourself." Although many participants equate their higher power with God, a belief in God or in formal religion is not mandatory; the higher power is intended as a levels opens the door for existing and many new product applications, while at the same time, offering lower cost fabrication fabrication (fab´rikā´sh  n),n the construction or making of a restoration. . Many additional OLED applications could result from this collaboration enabled by Covion's unique materials." "Covion's OLED materials are uniquely placed to offer high efficiency, high luminance light output in new generation OLED microdisplays while providing the high temperature stability required in advanced applications," said Dr. Hermann Schenk, Covion's Managing Director. eMagin, a licensee of Eastman Kodak's fundamental OLED patents, holds over 80 of its own patents (issued and pending) in the flat panel display sector as well as in related fields of optics, active matrix drive schemes, and systems integration. eMagin was the world's first company to demonstrate an OLED-on-Silicon video display and has demonstrated the world's most efficient full-color spectrum white OLEDs. eMagin's work with Covion will supplement its current efforts with Eastman Kodak and other materials developers and suppliers working on enhancing various aspects of the OLED device for microdisplay applications. eMagin recently announced a joint effort with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) to further develop OLED on silicon technology for possible use in future products, such as wearable computers and handheld portable Internet appliances. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Stanford Resources, Inc. and Strategies Unlimited's recent report entitled, "Organic Light-Emitting Diodes Noun 1. organic light-emitting diode - a self-luminous diode (it glows when an electrical field is applied to the electrodes) that does not require backlighting or diffusers OLED (OLEDs): Technology Trends and Display Market Assessment ", the worldwide OLED display market is forecast to increase from $3 million, in 1999 to more than $714 million, in 2005." About eMagin: eMagin combines integrated circuits Integrated circuits Miniature electronic circuits produced within and upon a single semiconductor crystal, usually silicon. Integrated circuits range in complexity from simple logic circuits and amplifiers, about 1/20 in. (1. , microdisplays, and optics to create a virtual image equivalent to the real image of a computer monitor or large screen TV. These miniature, high-performance, virtual imaging modules provide access to information-rich text, data, and video which can facilitate the opening of new mass markets for wearable PCs, Internet appliances, portable DVD-viewers, digital cameras, and other advanced emerging applications. eMagin's corporate headquarters and microdisplay operations are co-located with IBM on its campus in East Fishkill, N.Y. Wearable and mobile computer headset/viewer system design and full-custom microdisplay system facilities are located at its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. , Virtual Vision, Inc., in Redmond, WA. In conjunction with a private placement financing led by Citigroup Investments, Inc. and Verus International, eMagin began trading on the American Stock Exchange American Stock Exchange (AMEX) Stock exchange in the U.S. Originally known as “the Curb,” it began as an outdoor marketplace in New York City c. 1850. It moved indoors to its present location in the Wall Street area in 1921. on March 17, 2000 under the symbol EMA. Further information about eMagin and its virtual imaging solutions can be accessed at www.emagincorp.com About Covion: Covion Organic Semiconductors GmbH at Frankfurt / Main, Germany, designs, manufactures and markets high performance small molecule and polymer materials for the OLED flat panel display and opto-electronic markets. Covion's initial production facility in Frankfurt became operational in 1996. This month, Covion commissions a $5 million extension to the facility, marking Covion's move into full-scale manufacture of high performance conjugated conjugated adj. Conjugate. estrogens, conjugated Warning - Hazardous drug! C.E.S. polymers. The company's research and development focus includes advanced applications in electronic circuitry, image recognition, advanced lighting, lasers and optical data storage. Covion forms the Displays materials segment in the Electronic Materials business of the joint venture partner Avecia. For further information on Covion, consult www.covion.com Forward Looking Statements: This release contains "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. ," as defined under the Federal Securities Laws, regarding the intents, beliefs or current expectations of eMagin or its officers with respect to various matters. These forward-looking statements are based on information currently available to eMagin and eMagin assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company's actual results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in eMagin Corporation's most recent filings with the SEC. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion