eMagin Corporation (NYSE Amex: EMAN), a global leader in OLED microdisplays and virtual imaging technologies, announced today that it has been added to the Russell Global and Russell 3000 Indexes effective June 24, 2011. The new membership lists for Russell Indexes are available at http://www.russell.com/indexes/tools-resources/reconstitution.asp.

Annual reconstitution of Russell’s U.S. indexes captures and ranks the largest U.S. stocks as of the end of May by total market capitalization. Membership in the Russell Global Index, which remains in place for one year, means automatic inclusion in the appropriate large-cap, small cap, all-cap indexes as well as the applicable style, sector and country indexes. Membership in the Russell 3000, which also remains in place for one year, means automatic inclusion in the large cap Russell 1000 ® Index or small-cap Russell 2000 ® Index as well as the appropriate growth and value style indexes. Russell determines membership for its equity indexes primarily by objective, market-capitalization rankings and style attributes.

"We are pleased with eMagin’s addition to the Russell Global and Russell 3000 indexes, which we believe will help increase the Company's visibility within the investment community as we continue to grow our business and expand our shareholder base," stated Andrew Sculley, President and Chief Executive Officer of eMagin. "We have an exciting and growing global business in the OLED microdisplay space with state-of-the-art technology that addresses the demanding needs of the military and commercial markets worldwide."

Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for both passive and active investment strategies. An industry-leading US$3.9 trillion in institutional assets currently are benchmarked to them.

More information about Russell Indexes is available at http://www.russell.com/indexes.

About eMagin Corporation

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. 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.

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