OLED microdisplay maker eMagin reported two significant orders for its OLED microdisplays - both from the defense sector.
The first order is a follow-on order for $4.3 million in connection with the U.S. Army’s Enhanced Night Vision Goggle Binocular (ENVG-B) program - which is expected to result in more orders as this is a multi-year program. The second order if from a major defense contractor (eMagin did not detail further) - and worth $5.6 million.
Last month eMagin announces its latest financial results - which were "a significant improvement" over recent results with the second highest quarter revenues in the Company's history. The company also demonstrated significant improvement in yield and throughput as production volumes increased over 50% from the second quarter.
The microdisplay market is heating up, in both the established defense, medical and industrial sectors and in the consumer markets (AR and VR) which are only now emerging. To learn more about the OLED microdisplay market (including our views on the disruptive microLED technologies), check out our OLED Microdisplay Market Report.
Disclosure: the author of this post holds some shares in eMagin
