eMagin Receives Initial Production Subcontract for U.S. Army Enhanced Night Vision Goggle

SENVG

June 26, 2012

BELLEVUE, Wash., June 26, 2012 - eMagin Corporation (NYSE Amex: EMAN), a leader in OLED microdisplays and virtual imaging technologies, announced today that it has received a subcontract from ITT Exelis Corporation for initial production volumes of the display beam combiner assembly (DBCA) for the Spiral Enhanced Night Vision Goggle (SENVG) for the U.S. Army, which includes eMagin’s OLED-XL full color microdisplays. The total contract award is valued at approximately $49.5 million. eMagin’s subcontract has a potential value of $3.6 million, with deliveries planned from mid-2012 through mid-2013.

The Army awarded Exelis a production option for the SENVG, designated AN/PSQ-20A. The SENVG gives soldiers the ability to detect and identify potential threats regardless of weather or environmental conditions, helping to ensure they complete their missions and come home safely.

"This is an important award for eMagin as it proves the value of the low power, high contrast and wide temperature operational advantages of our active matrix OLED technology for the U.S. Army’s night vision initiatives," commented Andrew Sculley, President and Chief Executive Officer of eMagin. "We are pleased to be able to help reduce the power requirements for the SENVG with low-power, high contrast, OLED microdisplays."

According to ITT Exelis Geospatial Systems, the SENVG is production-ready, reliable and durable in challenging conditions and combines the strengths of thermal infrared imagery and image intensification. The SENVG is designed to accommodate enhancements for future network integration and lays the foundation for a digital future.

A leader in OLED microdisplay technology and personal display systems, eMagin integrates high-resolution OLED microdisplays with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low-power, lightweight personal displays. eMagin microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs. The company's own Z800 3DVisor provides 3D stereovision and headtracking for PC gaming, training and simulation, immersion therapy, and other applications.

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