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.
The award was granted under the Industrial Base Analysis and Sustainment (IBAS) Program for OLED Supply Chain Assurance. These funds will be used for procurement and installation of capital equipment in eMagin’s NY-based manufacturing facility.
This is the first phase in a potential three-phases project. eMagin says that later phases will help eMagin to order and install equipment that will increase its direct-patterning technology production capabilities.
The IBAS Cornerstone program was created to strengthen the US manufacturing and defense industrial base.
Disclosure: the author of this post holds some shares in eMagin.
