eMagin Corp. Appoints John Atherly as CFO
(EMAILWIRE.COM, June 22, 2004 ) HOPEWELL JUNCTION, N.Y -- eMagin Corporation (AMEX: EMA), the leading manufacturer of active matrix OLED-on-silicon displays, has named John Atherly as its new chief financial officer.
A key member of eMagin's executive management team, Mr. Atherly will oversee the finance, corporate accounting, treasury, investor relations and information technology functions. He will also oversee the internal control functions of the company.
"John is an accomplished executive with experience as a CFO of both public and private companies," said Gary Jones, president and chief executive officer, eMagin Corporation. "John brings added experience toward financing of the company and building its internal management and control systems. We are fortunate to have found an executive of John's caliber who has agreed to play this role to help us realize our goals. We are delighted to welcome John to eMagin."
"I believe that eMagin represents a rare opportunity to create a substantial mark, both in the ways it will grow financially, and in the ways its products and technologies will affect people in the future," Mr. Atherly noted. "I believe the microdisplay and virtual imaging industries are at an important inflection point. I am excited about joining the eMagin team, and I am intent on focusing my efforts to ensure our continued leadership."
Before joining eMagin Corporation, Mr. Atherly served as CFO for Click2learn, Inc., a NASDAQ listed enterprise Software Company founded by Microsoft co-founder Paul Allen. In 1998, he completed Click2learn's initial public offering raising $33 million, and throughout his career has raised over $200 million in various financings for his companies. He has extensive experience in mergers and acquisitions having completed transactions with a cumulative value of over $100 million, most recently having completed in March 2004 the merger between Click2learn and their primary competitor
Docent, Inc. to form SumTotal Systems, Inc. During his 14 years with Click2learn Mr. Atherly managed the firm's finance and administration organizations, planning, budgeting, investor relations and financial reporting processes. From 1987 to 1990, Mr. Atherly was a Finance and Operations Manager at MicroDisk Services, a manufacturing firm serving the software industry. Mr. Atherly holds a BA in Business Administration from the University of Washington.
About eMagin Corporation
eMagin is a leader and innovator in near-to-the-eye virtual imaging technologies and products, integrating high-resolution active matrix organic light emitting diode (OLED) microdisplays (smaller than one inch), magnifying optics, and systems technologies to create a virtual image that appears comparable to that of a computer monitor, a large-screen television, or even a theater-like experience. eMagin's microdisplay systems are
applicable for wearable personal computers, wireless Internet appliances, portable DVD-viewers, electronic gaming, digital cameras, night vision and thermal imaging, and other emerging applications for consumer, industrial, military, and homeland defense applications. eMagin's corporate headquarters and microdisplay operations are co-located with IBM on its campus in East Fishkill, 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.
Forward Looking Statements
Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Media contact:
Joe Runde, eMagin, 845-838-7905, jrunde@emagin.com
A key member of eMagin's executive management team, Mr. Atherly will oversee the finance, corporate accounting, treasury, investor relations and information technology functions. He will also oversee the internal control functions of the company.
"John is an accomplished executive with experience as a CFO of both public and private companies," said Gary Jones, president and chief executive officer, eMagin Corporation. "John brings added experience toward financing of the company and building its internal management and control systems. We are fortunate to have found an executive of John's caliber who has agreed to play this role to help us realize our goals. We are delighted to welcome John to eMagin."
"I believe that eMagin represents a rare opportunity to create a substantial mark, both in the ways it will grow financially, and in the ways its products and technologies will affect people in the future," Mr. Atherly noted. "I believe the microdisplay and virtual imaging industries are at an important inflection point. I am excited about joining the eMagin team, and I am intent on focusing my efforts to ensure our continued leadership."
Before joining eMagin Corporation, Mr. Atherly served as CFO for Click2learn, Inc., a NASDAQ listed enterprise Software Company founded by Microsoft co-founder Paul Allen. In 1998, he completed Click2learn's initial public offering raising $33 million, and throughout his career has raised over $200 million in various financings for his companies. He has extensive experience in mergers and acquisitions having completed transactions with a cumulative value of over $100 million, most recently having completed in March 2004 the merger between Click2learn and their primary competitor
Docent, Inc. to form SumTotal Systems, Inc. During his 14 years with Click2learn Mr. Atherly managed the firm's finance and administration organizations, planning, budgeting, investor relations and financial reporting processes. From 1987 to 1990, Mr. Atherly was a Finance and Operations Manager at MicroDisk Services, a manufacturing firm serving the software industry. Mr. Atherly holds a BA in Business Administration from the University of Washington.
About eMagin Corporation
eMagin is a leader and innovator in near-to-the-eye virtual imaging technologies and products, integrating high-resolution active matrix organic light emitting diode (OLED) microdisplays (smaller than one inch), magnifying optics, and systems technologies to create a virtual image that appears comparable to that of a computer monitor, a large-screen television, or even a theater-like experience. eMagin's microdisplay systems are
applicable for wearable personal computers, wireless Internet appliances, portable DVD-viewers, electronic gaming, digital cameras, night vision and thermal imaging, and other emerging applications for consumer, industrial, military, and homeland defense applications. eMagin's corporate headquarters and microdisplay operations are co-located with IBM on its campus in East Fishkill, 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.
Forward Looking Statements
Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise.
Media contact:
Joe Runde, eMagin, 845-838-7905, jrunde@emagin.com
Contact Information:
eMagin
Joseph Nchor
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eMagin
Joseph Nchor
Tel:
Email us
This is a press release. Press release distribution and press release services by EmailWire.Com: http://www.emailwire.com/us-press-release-distribution.php.
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