eMagin Corp. has announced the signing of a development and licensing agreement with a tier-one consumer electronics company permitting it to use eMagin technology. The program is expected to generate licensing revenue if the company commercialises eMagin's
"This agreement is a major step towards the commercialization of our proprietary microdisplay technology."
"It is further validation of the capabilities of our direct patterning technology for high-brightness, high density microdisplays. Having another tier-one consumer electronics company complete rigorous diligence on our direct patterning technology and sign this agreement with us is a strong endorsement of our microdisplay technology."
"Display quality is one of the key remaining hurdles for ubiquitous AR/VR and we continue to hear that our technology is the solution. Just as we established our leadership in the demanding military market by leapfrogging LCD microdisplay technology with our superior OLED microdisplay technology, we believe we are now eliminating a key barrier for our consumer electronics partners to capture the AR/VR market."
Andrew Sculley, President and Chief Executive Officer