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Posted on November 22, 2010 by  & 

eMagin ships record number of units in Q310

EMagin, a provider of OLED technology for the design and manufacture of OLED microdisplays for high resolution imaging products has reported strong growth in Q310 due to increased demand from military customers for their OLED microdisplays.
Andrew Sculley, eMagin's president and chief executive officer, commented, "I am pleased to report that eMagin posted strong gains in sales and profitability in the third quarter 2010, as demand from military market customers for both our high resolution OLED microdisplays, as well as our proprietary research and design expertise, continued unabated. The shipment of a record number of the Company's microdisplays and substantially higher contract revenue drove a 35% increase in revenues to $8.3 million as compared to 3Q'09, and year-to-date revenues of $22.5 million represented a 32% increase as compared to the same period last year."
The company are confident that they will reach their predicted annual revenue of at least $28 million due to additional contracts and increased market share in the military market.
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.
Full results are available via the company's website, External Link. Track the company's stock here:
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