(EMAILWIRE.COM, July 28, 2004 ) Hopewell Junction, N.Y. -- eMagin Corporation (AMEX:EMA), the leading manufacturer of active matrix OLED microdisplays, announced that the company will present today at Intertech's Large Screen Displays for Home Entertainment Conference in San Diego, California. At the annual conference which highlights markets, technological advances, and applications of physically large screens, Gary Jones, chief executive officer, will provide an alternative perspective of miniature microdisplays for portable, virtually large screen views.

Affirming eMagin's commitment to developing OLED microdisplays for consumer applications, Mr. Jones notes that getting a large-display experience need not imply "more weight and less portability."

"It's time to think beyond the border imposed by typical fixed screens. Whether it's 12 inches or 72 inches, there's still a border, a limit," said Mr. Jones. "We will talk about the large screen experience where the effective usable size can be almost anything and wrap around you. At eMagin, we challenge ourselves to think beyond the edges."

Mr. Jones noted that the company has demonstrated a binocular headset that delivered 3D stereovision in effective full-surround so that a viewer could see left and right, up and down, and behind with a simple turn or nod of the head. This can provide the effect of hundreds of displays placed all around the user.

"It's taken time to develop the right combination of technologies," said Jones, citing early efforts at virtual reality headsets that relied on heavy CRTs or LCDs that demanded a lot of power and delivered images plagued by flicker. "Displays were the weakest link, which is being overcome by eMagin's OLED on silicon SVGA and SVGA-3D displays, but there were other issues which slowed the progress toward this surround view concept. These encumbrances include slow processors not optimized for video and complex requirements for video processing, head tracking, difficult small field or heavy optics, large amounts of processing for stereovision, and high power where batteries, charges and even heat were major issues."

"Technology developments have now converged to move beyond those issues. Microprocessors are faster, plug-and-play surround imaging is closer to reality, precision large field optics are now moldable with new equipment, and video and audio are standard. OLED microdisplays are one more key development, and they can draw all the power they need through the USB port. And they deliver, in a compact size, brilliant, high speed color video and very high contrast with no flicker."

"They're easy on the eye and have simple system requirements. That's why more than 30 products currently use eMagin OLED displays, primarily first for a diverse array of industrial, medical, and military applications, but with many more products in development for high volume consumer uses."

In addition to discussing market opportunities, Mr. Jones is providing an overview of the technology, which entails a layer of emissive organic light-emitting diode material on a silicon chip. Once charged each pixel illuminates immediately at speeds about 1000x that of LCDs at a fraction of the power.

"For many consumer applications - from television to personal computing to electronic gaming - OLED microdisplays offer a borderless viewing experience," said Mr. Jones.

eMagin's presentation is scheduled today at 1:00 p.m. PDT at the Hilton San Diego Resort Hotel.

About eMagin Corporation
A leader in virtual imaging technologies, eMagin manufactures and integrates OLED-on-silicon microdisplays. The company also designs and integrates magnifying optics and systems to deliver a near-eye image comparable to that of a computer monitor or a large-screen television. eMagin's products are enabling new markets for wearable computers, wireless communications appliances, portable entertainment, digital cameras, and so on. These products support industrial, medical, military, and homeland defense applications. eMagin's corporate headquarters and microdisplay operations are located in Hopewell Junction, N.Y. Optics and system design facilities are located at its wholly-owned subsidiary, Virtual Vision, Inc., in Redmond, Wash. For more information, visit http://www.emagin.com.



Media Contact:

Joe Runde, eMagin, 845-838-7905, jrunde@emagin.com

Forward Looking Statements

This release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company's most recent filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.

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