Boston, MA 10/10/2014 (wallstreetpr) – eMagin Corporation (NYSEMKT:EMAN) announced on Thursday, October 9, 2014, that it received three top notch R&D contracts, that sums to a net amount of $6.8 million, spanned over three major contracts. One of them that offered $1.1 million is panned out for the next 15 months, and deals in developing and enhancing the average brightness levels of the recent launch – high-brightness OLED micro display product.
The CEO’s View
The CEO and President, Andrew Sculley conjectured in September 2014 that the full WUXGA display comprises 9.6 micron pixels and spans across 7K nits. The objective of EMAN is to develop the brightest possible OLED micro display. The new contract, threw challenges, riding on which, Sculley hopes to double its overall brightness overall.
Ultra Bright OLED Micro Displays On The Cards
EMAN’s idea is to garner sufficient revenues and utilize it for achieving the status of being ‘high power efficient’, attain high contrast and form OLED micro displays with small form factor, yet the ultra high brightness. Andrew Sculley continued that the recent developments shall extend and augment the lead that eMagin Corporation (NYSEMKT:EMAN) is taking.
Lately, EMAN demonstrated a complete color display solution, possessing better brightness, and efficacious use of power. With the current development and demonstrations in place, eMagin Corporation (NYSEMKT:EMAN) seeks to create breakthrough advancements in the fields of Avionics – in the military and commercial genre. Besides, it also seeks to make an impact in the realm of glass wearables market. Indeed, high brightness coupled with high contrast suits best in Avionics.
EMAN Attracts Investors In Numbers
Attractiveness and USP are set to improve with the latest projects. eMagin Corporation (NYSEMKT:EMAN) has plans to thicken its overall display area by 1.8 mm. The production team at EMAN is all set to overcome glitches and inhibitions to fulfill its goal. Use of technology is deemed to ensure sustained luminance without any necessary requirement for illuminator, drive circuitry that would perform separately or back light. EMAN is set to possess high resolution microdisplay.
The investors expressed interest on eMagin Corporation (NYSEMKT:EMAN)’s shares soon after this announcement; consequently, prices surged almost 15.59% till the end of Thursday’s trade, with expectations of further growth— most likely.