eMagin corporation - Page 22

eMagin reports that they have been awarded a patent that describes a method of creating electrically stable TFTs for OLED devices having small pixel sizes.

eMagin says that this method enables lower cost microdisplays for many virtual imaging applications including electronic gaming, data processing, and viewing movies. The approach is also potentially useful for creating very high resolution large screen OLED displays.

eMagin says that the new Kinetta digital cinema camera uses their OLED microdisplay. This is a flexible digital movie camera which provides the control and flexibility that cinematographers have always appreciated in their film cameras. The Kinetta camera records everything the sensor puts out, as RAW ten-bit log data, on an onboard miniature hard drive array containing 12 1.8" hard drives.

Kinetta's Jeff Kreines commented: "The OLED microdisplay from eMagin is a perfect fit. We considered many other technologies - LCOS, LCD, CRT, optical - but only the eMagin OLED gave us the combination of excellent color reproduction, lack of flicker, low power consumption, and small size that we needed."

eMagin demonstrated their first UXGA (Ultra Extended Graphics Array, 1600x1200) OLED microdisplay. This new display uses the company's bundled fiber optic elements to effectively couple four SVGA displays into a single UXGA display.

eMagin reported their Q2 2004 financial results: revenues were $1.44 million (compared to $0.31 million for the same period in 2003, a 371% increase). Net loss was $1.40 million.

5DT unveiled five new VR training products, all of which use eMagin's OLED microdisplays. The products are:

• The 5DT Head-Mounted Display 800-40 (HMD) - employing two eMagin SVGA 3D displays with head-tracking capability and a 40 deg field of view (FOV) for simulation and visualization
• The 5DT Virtual Binoculars 800-45 Custom - for use with ship bridge simulators, air traffic control simulators, and observer post training
• The 5DT Virtual Laser Range Finder 800-45 (V-LRF) - for training troops how to use and apply laser range finders in combat
• The 5DT Virtual Night Vision Goggles 800-45 (V-NVG) - for training pilots in the use of night vision equipment for flying
• The 5DT Virtual Monocular Display 800-45 - for operational environments such as maintenance and field support where hands- free operation is desired or required

eMagin announced that Vinghøg AS of Tønsberg, Norway is using their SVGA+ OLED microdisplay in a fire control system (FCS). Vinghøg is developing the system as part of the Norwegian Soldier Modernization Program. Vinghøg designed this system as a stand-alone universal site for all weapons and calibers from 5.56 to 40 mm automatic grenade launcher.

The Vingsight FCS uses a see-through OLED microdisplay to deliver graphic and text information as overlays on the target image. The overlays show the user's own position, target position, waypoint indication, and bank and arrow indication for direction. In addition, an integrated camera provides enhanced low-light operation. The Vingsight system also contains a laser rangefinder, digital magnetic compass, GPS, motion and temperature sensors, and storage capacity for ten images. It communicates by USB2.

eMagin announced that their SVGA+ OLED microdisplays are being implemented in Elbit Systems next generation AN/AVS-7 ANVIS-HUD Head Unit Displays.

Elbit Systems' AN/AVS-7 is a standard helicopter aviator day and night helmet mounted display system (a Heads-Up display). The HUD is an electro-optic system combining the standard ANVIS goggles image with aircraft flight instrumentation and computer graphics during night operation.

eMagin announced their preliminary 2Q 2004 results. Revenues are estimated to exceed $1.3M - which will be a record for the company. eMagin also reports that they have begun to deliver on larger quantity orders.