eMagin Corporation (NYSE Amex: EMAN), the leader in the development, design and manufacture of Active Matrix OLED microdisplays for high resolution imaging products, announced today the appointment of Jerome T. Carollo as Senior Vice President, Business Development. Mr. Carollo, 59, joins eMagin from Intevac Vision Systems where he held the position of Vice President/General Manager as well as Vice President of Strategic Planning and Business Development. He was responsible for developing the domestic and international business strategy for the Company’s digital night vision systems, sensors, and helmet mounted and eyeware displays. From 2006 to 2007, he was the President and CEO of Creative Display Systems, a company he co-founded to provide innovative microdisplay and optical systems for both commercial and military markets, which he then sold to Intevac. Prior to this, Mr. Carollo held positions of increasing responsibility in the optical and display business including General Manager for Rockwell Collins Optronics, a division of Rockwell Collins Government Systems, from 2000 to 2006, President of Kaiser Electro-Optics, a division of Kaiser Aerospace from 1992 to 2000, Executive Director of Army Programs and Executive Director of Display Engineering for Kaiser Electronics from 1994 to 2000 and Business Area Manager for General Electric Simulation and Control Systems Department from 1977 to 1984. Mr. Carollo holds a BS degree in Physics from the State University of New York and an MS in Optics from the University of Rochester’s Institute of Optics. In addition, he completed courses in Executive Business Management at the Haas School of Management, University of California at Berkeley. Andrew Sculley, President and Chief Executive Officer, stated, "Jerry brings valuable product knowledge and experience to eMagin. He has worked with numerous display systems and technology from 3D and digital night viewers to space telescopes. We are impressed with Jerry’s product knowledge and track record in business and product development, and expect him to lead eMagin’s expansion in the industrial and consumer segments as well as build upon our successful position in the military market.”
About eMaginA 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. More information about eMagin is available at www.emagin.com. Forward-Looking Statements This press 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, including those regarding eMagin Corporation's expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. 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.