eMagin Corporation's (NYSE MKT:EMAN) Senior Vice-President of R&D, Dr. Amal Ghosh, presented a paper entitled, "Directly Patterned 2645 PPI Full Color OLED Microdisplay for Head Mounted Wearables," at the Society for Information Displays annual conference during Display Week 2016 at the Moscone Conference Center in San Francisco, CA. Immediately following the presentation of the paper, eMagin demonstrated for the first time in public a direct patterned OLED microdisplay that can reach a maximum luminance of 4,500 nits with vivid colors and in full video mode.

The new full color DPD display, designated OLED-ULT, provides brightness that meets or exceeds the requirements for the augmented reality (AR) and virtual reality (VR) markets.

"eMagin's ultra-high brightness OLED-ULT technology is at the cusp of enabling the next generation of AR/VR applications which demand ultra-high brightness, full color imagery with extremely high contrast, compact size and very low power," said Andrew G. Sculley, President and CEO of eMagin Corporation. "This demonstration generated tremendous interest from hundreds of attendees including a number representing Tier 1 display companies.

We are currently shipping our OLED-ULT displays as engineering samples to a few key customers that are interested in ultra-high brightness microdisplays for applications as diverse as aviation head mounted displays to AR and VR applications. Our current expectation is that we will begin shipping additional engineering samples to other customers in the fourth quarter of 2016."

The active matrix OLED-ULT delivers crisp, high-contrast imagery via eMagin's True Black TM pixel technology. The screen turns on instantly at low temperatures without the need for heaters and is built to high commercial and military ruggedness standards OLED. The OLED-ULT display exhibits much lower color shift with angle than standard OLED microdisplays. This approach offers a high-resolution microdisplay with extended luminance performance without the need for a back light, illuminator, or separate drive circuitry which are necessary for LCOS or LCD technology microdisplays.

About eMagin Corporation

A leader in OLED microdisplay technology, OLED microdisplay manufacturing know-how and mobile display systems, eMagin manufactures high-resolution OLED microdisplays and integrates them 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. 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.

OLED-XL, Color OLED-XLS and True Black are trademarks of eMagin Corp. OLED-ULT is trademark pending. All other names are the products of their respective owners.

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