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 that it has been ranked number 311 on Technology Fast 500™, Deloitte’s ranking of 500 of the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America. Rankings are based on percentage of fiscal year revenue growth during the period from 2006–2010. “We are honored to be included on the Technology 500 TM list of the fastest growing technology companies in North America for the fifth consecutive year” stated Andrew Sculley, President and CEO. “We continue to lead the Active Matrix OLED-microdisplay industry with cutting edge technologies, products and solutions that address the needs of our military, industrial and consumer customers who recognize the significant operating advantages of our microdisplays, including lower power consumption, wider temperature range, higher contrast, higher resolution and faster response time.” Mr. Sculley continued, “As part of our continuing effort to enhance our production capabilities to accelerate growth, we will soon begin installing and operating our new, state-of-the-art OLED deposition machine. Once fully operational, we expect up to a ten-fold increase in deposition capacity and greater yield.” “eMagin, like all 2011 Technology Fast 500™ companies, has excelled in fostering innovation and channeling it into spectacular growth -- against the backdrop of one of the most a challenging economies in history,” said Eric Openshaw, vice chairman and U.S. technology, media and telecommunications leader, Deloitte LLP. "Deloitte recognizes eMagin for its remarkable accomplishments.” “We are pleased to honor eMagin as a 2011 Technology Fast 500™ company,” said Mark Jensen, managing partner, technology and venture capital services, Deloitte & Touche LLP. “As one of the fastest growing tech companies in North America, eMagin has demonstrated excellence in technological innovation, entrepreneurship and rapid growth.”
Overall, 2011 Technology Fast 500™ companies achieved revenue growth ranging from 134 percent to 70,211 percent from 2006 to 2010, with an average growth of 1,736 percent. For additional detail on the Technology Fast 500™ including selection and qualifying criteria, visit www.fast500.comAbout Deloitte’s 2011 Technology Fast 500™ Technology Fast 500™, which was conducted by Deloitte & Touche LLP, a subsidiary of Deloitte LLP, provides a ranking of the fastest growing technology, media, telecommunications, life sciences and clean technology companies both public and private - in North America. Technology Fast 500™ award winners are selected based on percentage fiscal year revenue growth from 2006 to 2010. In order to be eligible for Technology Fast 500™ recognition, companies must own proprietary intellectual property or technology that is sold to customers in products that contribute to a majority of the company's operating revenues. Companies must have base-year operating revenues of at least $50,000 USD or CD, and current-year operating revenues of at least $5.0 million USD or CD. Additionally, companies must be in business for a minimum of five years, and be headquartered within North America. 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 or superior 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.