OLED microdisplay maker eMagin announced that it has signed a development and licensing agreement with a tier-one consumer electronics company permitting it to use eMagin technology, specifically its direct-patterned OLED microdisplays.
eMagin says that this is a major step towards the commercialization of the company's proprietary OLED microdisplay technology. It seems that according to the agreement the Tier-One CE company will only pay eMagin licensing revenues if and when it decides to commercialize its microdisplays.
In August 2017, eMagin said that it is confident that it will sign another agreement by the end of the year, so it is great to see the agreement formally signed. eMagin already signed agreements with three other consumer electronics companies, and these projects are underway. Two of these required custom displays, and are paying for contract R&D.