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eMagin Awarded Patent to Increase Flat Panel Display Life and Brightness; Invention Beneficial To OLED Microdisplays and Larger Displays for Information Technology Products

Business Wire, Feb 21, 2002

Business Editors

HOPEWELL JUNCTION, N.Y.--(BUSINESS WIRE)--Feb. 21, 2002

eMagin Corporation (AMEX:EMA), the leader in organic light emitting diode (OLED)-on-silicon display technology, today announced that it has been awarded a new patent which can significantly increase lifetime and luminance in OLED displays.

The invention described in U.S. Patent No. 6,337,492 can enable production of higher brightness OLED flat panel displays with longer life for a given level of brightness, which can be used in future mobile information products such as wearable computers, electronic games, wireless Internet viewers, and mobile phones.

The invention, entitled "Serially-Connected Organic Light Emitting Diode Stack Having Conductors Sandwiching Each Light Emitting Layer," creates stacked organic light emitting devices driven by a current flowing uniformly through each of the stacked devices, or "sandwiches." Each device emits light so that the sandwich generates more light with the same current flow than would be generated by a single device.

Combining the new structure with eMagin's high temperature, long life, full visible color spectrum white OLED display technology has the potential to more than double lifetime or luminance in future mobile information products designed to take advantage of the invention. The OLED sandwich is potentially most useful in manufacturing OLED displays that require operation at high luminance levels, such as aircraft helmet-mounted displays (HMDs) and sunlight-readable displays, or in applications with frequent long-term fixed image patterns, such as instrument displays. This invention is adaptable to miniature optically-viewed microdisplays as well as larger direct-view displays.

In addition to key patents licensed from Eastman Kodak, eMagin now holds 64 patents in its portfolio with more than 70 additional U.S. patents pending. eMagin invented the award-winning SVGA and SVGA-3D OLED microdisplays, the world's first and only single-chip color video OLED microdisplay and embedded controller for advanced virtual imaging. According to DisplaySearch, a flat-panel display market research firm, the OLED display market is expected to grow to $2.5 billion worldwide by 2005.

About eMagin Corporation

eMagin Corporation (AMEX:EMA) designs, develops, and markets virtual imaging system-on-a-chip solutions to enable the visual display of information, data, video, and games through a wide variety of mobile electronic devices and the next-generation of interactive virtual reality systems. The world leader in organic light emitting diode (OLED)-on-silicon 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'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. 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 www.emagin.com.

Note to editors: eMagin is properly spelled beginning with a lower case e.

Forward Looking Statements

This 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. These statements relate to future events or our future financial performance. 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.

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