eMagin Showcases New OLED Virtual Imaging Capabilities During SID 2002; Innovations include 3D Stereovision, 3D Headtracking, and See-Through Imaging

Business Wire, May 21, 2002

Business Editors/High-Tech Writers

BOSTON--(BUSINESS WIRE)--May 21, 2002

eMagin Corporation (AMEX:EMA), the leading developer of active matrix organic light emitting diode (OLED) microdisplays, will showcase its cutting-edge portfolio of advanced microdisplay and optics solutions for virtual imaging applications such as wireless communications, electronic gaming, personal computing, and military head-mounted displays this week during the Society for Information Display (SID) conference and exhibition, held at the Hynes Convention Center in Boston.

eMagin's exhibit will feature a number of pioneering breakthroughs integrated with its SVGA-3D (800 x 3 x 600 picture elements) and SVGA OLED (852 x 3 x 600 picture elements) microdisplays and state of the art prism optics.

Highlights of new innovations making their first public US or worldwide showings include:

-- SMO2 Super Mirror(TM). The Super Mirror is a lightweight (about 5 grams)
solid-prism-shaped optical lens that magnifies the image created by a small
electronic display. The Super Mirror uses all three surfaces to efficiently
magnify the actual image generated by an 0.59-inch diagonal OLED microdisplay
to create a virtual image that appears to be as large as a 19-inch monitor used
on a desktop PC with 70-80% efficiency, depending upon lens coatings used. The
Super Mirror was developed by eMagin's subsidiary, Virtual Vision, Inc., and is
available to OEMs for integration with eMagin's OLED microdisplays.

-- OLED Telecom Virtual Viewer(TM) concept. As a component or accessory of a
cell phone or other handheld mobile information device, an OLED virtual viewer
can provide for viewing of full 800 x 600 pixel web page images with a virtual
19-inch screen size at 22-inch distance with low power consumption. eMagin will
work with OEM manufacturers to supply displays and optics for their commercial
product designs

-- OLED binocular Olympus headset integrated with SVGA  OLED displays. The
35-degree ufield of view provides a virtual 60-inch TV image (at ~6 feet) with
flicker-free operation down to 40 Hz refresh rate. The system will be shown
playing a DVD movie.

-- Prototype of eGlass II(TM) Personal Viewer(TM) monocular head-wearable
system. The headset is compatible with most PCs and laptops. The 38-degree
field of view is equivalent to a 19-inch CRT monitor at 22 inches, and is ideal
for mobile computing applications in which portability, wide screen view, and
privacy are desired.

In addition, eMagin will exhibit the following offerings:

-- SMO2 Super Mirror(TM). The Super Mirror is a lightweight (about 5 grams)
solid-prism-shaped optical lens that magnifies the image created by a small
electronic display. The Super Mirror uses all three surfaces to efficiently
magnify the actual image generated by an 0.59-inch diagonal OLED microdisplay
to create a virtual image that appears to be as large as a 19-inch monitor used
on a desktop PC with 70-80% efficiency, depending upon lens coatings used. The
Super Mirror was developed by eMagin's subsidiary, Virtual Vision, Inc., and is
available to OEMs for integration with eMagin's OLED microdisplays.

-- OLED Telecom Virtual Viewer(TM) concept. As a component or accessory of a
cell phone or other handheld mobile information device, an OLED virtual viewer
can provide for viewing of full 800 x 600 pixel web page images with a virtual
19-inch screen size at 22-inch distance with low power consumption. eMagin will
work with OEM manufacturers to supply displays and optics for their commercial
product designs

-- OLED binocular Olympus headset integrated with SVGA  OLED displays. The
35-degree ufield of view provides a virtual 60-inch TV image (at ~6 feet) with
flicker-free operation down to 40 Hz refresh rate. The system will be shown
playing a DVD movie.

-- Prototype of eGlass II(TM) Personal Viewer(TM) monocular head-wearable
system. The headset is compatible with most PCs and laptops. The 38-degree
field of view is equivalent to a 19-inch CRT monitor at 22 inches, and is ideal
for mobile computing applications in which portability, wide screen view, and
privacy are desired.

eMagin's active matrix OLED-on-silicon microdisplays operate at low power (typically less than 300 mW) to provide full motion video or PC data with more than 16 million colors and are capable of more than 100 cd/m2 luminance with an operating temperature range of less than -35 degrees C to greater than 70 degrees C. The microdisplays can be powered by a personal computer's USB port alone. The market for OLED displays is expected to range from $900 million to $3.6 billion by 2005, according to Stanford Resources-iSuppli and DisplaySearch.

The Exhibition at SID 2002 will be held from May 21 - 23, 2002. Editors or customers interested in learning more about eMagin's OLED microdisplay and optics portfolio are encouraged to visit eMagin's booth #1932, or contact Tia Ciferri at 617-877-9121 to set up a personal briefing.

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 invented the award-winning SVGA and SVGA-3D OLED microdisplays, the worlds' first and only 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. Selected for US Army Land Warrior, US Air Force Joint Strike Fighter, and other military programs, 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 info@emagin.com.