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eMagin Showcases Virtual Imaging

SEATTLE –(Business Wire)– May 25, 2004 eMagin Corporation (AMEX:EMA), the leader in active matrix OLED microdisplays, is highlighting products employing its technology in booth 1051 at the 2004 Society for Information Display (SID) International Symposium and Exhibition at the Washington Convention Center in Seattle through Thursday, May 27.

“In 2003 we made great strides in helping our customers as they integrated our displays into many applications,” said Susan Jones, executive vice president, eMagin Corporation. “This year we’re demonstrating sample customers’ products and games to illustrate the breadth and potential of virtual imaging. Our prototype 3D headsets make a compelling case for virtual imaging in computer entertainment.”

Applied OLED Technology at the booth

— The Virtual Game Room – Visitors to eMagin’s booth can get a taste of high performance virtual imaging in the worlds of popular 3D games. Visitors will have the opportunity to compete in a four-person network, running Unreal Tournament (TM) on 3D-capable PCs equipped with eMagin’s prototype stereo 3D headsets. Equipped with these head tracker devices, users can move through their virtual environments by simply moving their heads. In addition to gaming, such virtual environments are extendable to future applications where many documents, giant spreadsheets, or photos can be viewed and manipulated in a simulated “room-full-of-displays.”

— New Size Displays – A new fiber-optic taper magnifier creates a larger (approx. 1-inch) SVGA+ display from eMagin’s standard display and immediately permits tiling multiple displays for custom applications – panoramic viewers or larger, higher resolution displays and alternate formats such as UXGA and beyond.

— See-Through Display – eMagin is demonstrating its see-through SVGA high-brightness display using its see-through optic. This product is designed for virtual imaging applications that benefit form transparent displays that provide adjustable brightness and render vital information clearly, even in high background ambient light.

— PocketPC, Desktop View – Virtual imaging can also bring full-screen capability to the handheld computer, digital camera, or PDA. An eMagin display highlights the full capability of an iPAQ (TM) with a CF Voyager card. While handhelds enable us to carry and access information as we travel from place to place, the small size, direct-view displays simply cannot deliver all the resolution of a desktop screen. Low resolution, physically small areas, power consumption and difficulty in achieving daylight visibility are some of the principal issues eMagin’s virtual imaging overcomes, extending the handheld’s display to full-size, full-color, easy-to-see SVGA+ resolution.

— Computing, Virtually, Anywhere – Illustrating another frontier for virtual imaging and wearable computing, the Liteye 400, based on eMagin displays, delivers critical visual information in full color at full-screen resolution. This display will be shown operating under water, emphasizing the ruggedness of eMagin’s OLEDs and Liteye’s system.

— Rugged and Military Visualization – Kaiser Electro-Optical’s ProView SO35 Monocular system employs an eMagin SVGA display to deliver full color image information in conditions ranging from -32 degrees to 55 degrees C and up to 95% RH. This device is in use in the field with the U.S. military. Total Fire Group’s Fire Warrior micro thermal imaging system is designed for complete hands-free use in the smoke and confusion of a fire, enabling more efficient search and rescue missions and safe recognition of hot spots.

About eMagin Corporation

eMagin is a leader and innovator in near-to-the-eye virtual imaging technologies and products, integrating high resolution OLED displays (smaller than one-inch), magnifying optics, and systems technologies to create a virtual image that appears comparable to that of a computer monitor, a large-screen television, or even a theater-like experience 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. The company has developed unique technology for producing high performance OLED-on-silicon microdisplays and related optical systems. eMagin was the first company commercially sell active matrix color displays and to announce, publicly show and sell full-color active matrix OLED-on-silicon microdisplays. eMagin also licenses OLED technology from Eastman Kodak Company. The company supplies these displays in commercial quantity to OEMs. In addition, the company sells integrated modules to military, industrial and medical customers. 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. Website: http://www.emagin.com.

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 each 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.

eMagin

Joe Runde, 845-838-7905

[email protected]