eMagin Announces CEO

eMagin announces new leadership, appoints Andrew Sculley as chief
executive officer
BELLEVUE, Wash.--(Business Wire)--
eMagin Corporation (OTCBB: EMAN) announced that Andrew Sculley has
been appointed Chief Executive Officer and a member of the Company's
Board of Directors, effective June 1, 2008. Sculley, formerly a senior
executive at Eastman Kodak, will lead eMagin as the company continues
to leverage its award-winning technology to expand its leadership
position in organic light emitting diode (OLED) and personal imaging
technologies.

Mr. Sculley most recently served as the General Manager of Kodak's
OLED Systems Business Unit and Vice President of Kodak's Display
Business, where he forged a number of alliances with flat panel
display manufacturers. He held positions of increasing seniority over
a 28 year period at Eastman Kodak, including positions in strategic
planning, finance, legal, and purchasing, and served as manager of
Operations and CFO of Kodak Japan Ltd. He served on the Board of
Directors of Kodak Japan Ltd. and SK Display, a joint venture between
Sanyo and Kodak to manufacture active matrix OLED displays, which was
the first company to commercialize an active matrix direct view
display for a mobile device.

"Andrew has an excellent track record in building business
alliances, applying an outstanding blend of strategic, analytic,
business and leadership skills," said Admiral Thomas Paulsen, eMagin's
Chairman of the Board of Directors. "Andrew's strategic vision and his
proven leadership ability will be important in unlocking the value of
eMagin as we continue to position the Company for long-term
sustainable growth. The Board and executive management believe that
Andrew's experience is an excellent fit for the breadth of opportunity
at eMagin. We look forward to working with him to facilitate eMagin's
growth and success under his leadership."

Admiral Paulsen, who is currently serving as Acting Chief
Executive Officer, will continue to serve as Chairman of the Board.
Paul Campbell and Susan Jones retain their appointments of Interim CFO
and Chief Business/Strategy Officer, respectively.

"I'm honored to have the opportunity to lead eMagin through the
next chapter in its history," said Mr. Sculley. "I look forward to
working with the team to capitalize on our innovative technologies and
products such that the potential of eMagin is realized for all
stakeholders."

Mr. Sculley holds an MBA from Carnegie-Mellon University and an MS
in physics from Cornell University. He attended Harvard University's
International Senior Management Program while an executive at Kodak. A
more detailed biography is available on Form 8-K filed with the
Securities and Exchange Commission on May 18, 2008.

About eMagin Corporation

A leader in OLED microdisplay technology, 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.
eMagin's microdisplay manufacturing and R&D operations are co-located
with IBM on its campus in East Fishkill, New York. System design
facilities and sales and marketing are located in Bellevue,
Washington. More information about eMagin and its products 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 and its subsidiaries' expectations, intentions,
strategies and beliefs pertaining to future events or future financial
performance. All statements contained herein are based upon
information available to eMagin's management as of the date hereof,
and actual results may vary based upon future events, both within and
without eMagin management's control. In some cases, you can identify
forward-looking statements by terminology such as "may," "will,"
"should," "expect," "plan," "anticipate," "believe," "estimate,"
"predict," "potential" or "continue," the negative of such terms, or
other comparable terminology. These statements are only predictions.
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.

Note: eMagin is a trademark of eMagin Corporation.

eMagin
Investors
Paul Campbell, 425-749-3600
pcampbell@emagin.com
or
Business and Media
Susan Jones, 425-749-3600
sjones@emagincorp.com

Copyright Business Wire 2008