Last month OLED microdisplay maker eMagin announced that the company received a $5.5 million award from the US Department of Defense to improve eMagin’s OLED microdisplay manufacturing capabilities - which was a first phase in a three phase program.
The DoD yesterday published the full project, a Defense Production Act Title III agreement with eMagin that has a total funding of $33.6 million (this excludes the $5.5 million announced before). The DoD wants eMagin to sustain and expand its critical industrial base production of OLED microdisplays. This project is part of the US national response to COVID-19.
Disclosure: the author of this post holds some shares in eMagin
Joe, that was what I understood from eMagin - not 100% sure though.
Okay, it seems as if the $33.6 million excludes the $5.5 million already announced - my mistake, I fixed the post as well.
Ron, where are you seeing that the 33.6 million includes the 5.5 million that eMagin announced a few weeks ago? Not seeing that in the DOD release.