eMagin Ranked 309th Fastest Growing Company in North America on Deloitte`s 2009 Technology Fast 500
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Ranked 10th Fastest Growing in Washington; Attributes its 422 Percent Revenue Growth to Growing Market Demand for its Power Efficient OLED Microdisplays BELLEVUE, Wash.--(Business Wire)-- eMagin Corporation (OTCBB: EMAN), a leader in OLED microdisplays and virtual imaging technologies, today announced that it ranked number 309 on Technology Fast 500, Deloitte LLP`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 five year period from 2004-2008. eMagin grew 422 percent during this period, recording revenues of $18.8 million in 2008 as compared to 2004 revenues of $3.6 million. eMagin ranked 10th fastest growing among designated Fast 500 companies located in Washington, compared to 17th on the 2008 list. This is the third consecutive year that eMagin has been recognized in Deloitte`s Fast 500 list. eMagin`s CEO Andrew Sculley credits the company`s innovative technology, talented team, and growing demand for eMagin`s high performance OLED microdisplays for the company`s revenue growth over the past five years. Mr. Sculley said, "We are honored to be ranked among the 500 fastest growing technology companies in North America and to be recognized again by Deloitte for our achievements. We will continue to focus on growth and further development of innovative OLED technology in order to provide our customers with the highest quality, robust and power efficient OLED microdisplays for their products which serve a wide variety of military, industrial, commercial, and consumer applications. The board and management thank the entire eMagin team for its outstanding efforts." "Technology Fast 500 recognizes innovative companies that have broken down barriers to success and defied the odds with their remarkable five-year revenue growth," said Phil Asmundson, vice chairman and U.S. Technology, Media and Telecommunications leader, Deloitte LLP. "We congratulate eMagin on this accomplishment." "With its impressive five-year growth, eMagin has earned its position among the fastest growing technology, media, telecommunications, life sciences and clean technology companies in North America," said Mark Jensen, managing partner, Technology and Venture Capital Services, Deloitte & Touche LLP. "Deloitte is proud to honor eMagin for its achievement." 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 and its products is available at www.emagin.com. About Deloitte As used in this document, "Deloitte" means Deloitte LLP. Please see www.deloitte.com/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries. To learn more about Technology Fast 500 selection criteria as well as the complete list of Fast 500 companies, see http://www.deloitte.com/view/en_US/us/Industries/Technology/technologyfast500/index.htm. Business and Media: eMagin Susan Jones, 425-284-5214 email@example.com or Investors: eMagin Paul Campbell, 425-284-5220 firstname.lastname@example.org Copyright Business Wire 2009
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