eMagin Receives Additional Contract from US Air Force; Continuation of SXGA Bright OLED.

Business Editors/High-Tech Writers

HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--Sept. 30, 2003

eMagin Corporation (AMEX:EMA) today announced it has received an additional $360,000 contract from the United States Air Force to complete development of its SXGA 1280x1024 pixel high luminance active matrix organic light emitting diode (AMOLED) microdisplay. The display is planned to be used by the US Air Force in programs such as Panoramic Night Vision Goggle, Lil HAL, and Strike Helmet 21.

The 0.96 inch diagonal monochrome digital interface display will provide luminance levels in excess of 30,000 Cd/m2. The display will have a number of imbedded control features and is expected to use a small fraction of the power required for LCDs (liquid crystal displays) or CRTs (cathode ray tubes) run at similar luminance levels. The display is also much less sensitive to vibration, shock, and temperature relative to LCDs, and will permit the use of more compact optical systems.

"The SXGA AMOLED is expected to establish a new high end for luminance for OLEDs while using less than 10% of the power levels used by conventional LCD and CRT systems," said Gary W. Jones, chief executive officer and president of eMagin Corporation. "We believe that the high luminance chip will be the first power efficient miniature flat panel device capable of replacing high luminance miniature CRTs for demanding day, see-through helmet mounted display applications."

OLED technology eliminates the backlighting needed by an LCD, so the entire package is thinner and lighter, yet the picture is brighter and sharper than an LCD and can be seen from a wide viewing angle (up to 160 degrees) even in very bright light. The wide temperature range permits the displays to be turned on below freezing and at high temperatures so that they can be instantly-on regardless of temperature. The displays are able to perform in high vibrating environments such as rotary wing vehicles.

The contract is being managed by Ball Aerospace.

About eMagin

The world leader in organic light emitting diode (OLED)-on-silicon microdisplay technology, eMagin combines integrated circuits, microdisplays, and optics to create a virtual image similar to the real image of a computer monitor or large screen TV. eMagin invented the award-winning SVGA+ and SVGA-3D OLED microdisplays, the world's first single-chip color video OLED microdisplay and embedded controller for advanced virtual imaging. eMagin's microdisplay systems are expected to enable new mass markets for wearable personal computers, wireless Internet appliances, portable DVD-viewers, digital cameras, and other emerging applications for consumer, industrial, and military applications. OLED microdisplays demonstrate performance characteristics important to military and other demanding commercial and industrial applications including low power consumption, high brightness and resolution, wide dimming range, wider temperature operating ranges, shock and vibration resistance, and insensitivity to high G-forces. eMagin's corporate headquarters and microdisplay operations are co-located with IBM on its campus in East Fishkill, N.Y. Optics and system design facilities are located at its wholly owned subsidiary, Virtual Vision, Inc., in Redmond, WA. Additional information is available at http://www.emagin.com or via email at [e-mail].

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