eMagin Ranked 309th Fastest Growing Company in North America on Deloitte`s 2009 Technology Fast 500

Wed Oct 28, 2009 6:50am EDT

* Reuters is not responsible for the content in this press release.

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
sjones@emagin.com
or
Investors:
eMagin
Paul Campbell, 425-284-5220
pcampbell@emagin.com

Copyright Business Wire 2009

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