eMagin

eMagin (making OLED microdisplays) has posted their financial results for 3Q 2009. Quarterly revenue exceeded $6.1 million, and net income was $1.2 million. eMagin also reports substantial manufacturing yield.

Just a few days ago eMagin reported a new $6 million US army project for OLED microdisplays.

eMagin announced today that they have been awarded a 2 year, $6 million program by the US Army to develop ultra-high resolution (1920x1200) OLED microdisplays. The project was awarded by the US Army Medical Medical Research and Materiel Command (USAMRMC), and the aim is to create a 3D-capable display system for advanced medical training systems.

The WUXGA (Widescreen Ultra eXtended Graphics Array) microdisplay is being designed to be sized less than one-inch diagonal with over 7 million pixels at a 9.6 micron color pixel pitch. The program also involves the design of optics for a wide field-of-view between 60 and 80 degrees. The culmination of this program is expected to provide a prototype of an ultra-high resolution display system suitable for several applications within Army medicine and military simulation and training, as well as for broad military and commercial uses.

Other participants in the program include Rockwell Collins and Columbia University.

The US Congress has approved 3M$ in additional funding for eMagin's OLED night-vision goggles project, which already got a 2.4M$ back in 2007. The bill must win the approve of the Senate before it is finalized. 

eMagin's OLED micro-displays will enable more powerful and yet small equipment for US soldiers.

eMagin issued financial results for its second quarter ending June 30, 2009. eMagin posted record sales and profits - they had 5.9M$ in sales, and 1.3M$ net income.

eMagin are seeing increased acknowledgment by customers of the advantages of their proprietary OLED microsidplay technology, and also lower royalties expenses - this is probably because OLED patents are starting to expire, and also they might have negotiated better deals with IP companies.

TekGear has released a new driver board for eMagin SVGA+ XL Rev2 and Rev3 & SVGA3D OLEDS.

TekGear says that the O5 is the smallest, lowest power and most feature rich driver board for the eMagin OLED on the market today. Features include:

eMagin is showing their microdisplays at this year's SPIE Defense, Security and Sensing conference. eMagin is showing two kinds of OLED microdisplays:

eMagin, makers of OLED microdisplays, reported financial results for 2008 Q4.Revenus were 5.3M$ - a record for eMagin. They also retired all of its long term debt in December, 2008.

eMagin is improving their yield, and have achieved positive EBITDA.