Separately, the company announced an agreement with a US-based chipmaker to support scaling of mass production for the consumer AR and VR markets. This agreement will provide supply chain development assistance for eMagin to enable prototype and mass production of OLED microdisplays. As part of this agreement, eMagin’s partner will provide raw materials sourcing support necessary for scaling to mass production while helping the Company meet the cost requirements of high volume consumer segment OEMs.
“I am pleased to report our partnering strategy for the consumer segment is progressing as planned,” said Andrew Sculley, president and CEO of eMagin. “We have multiple agreements in place with consumer OEM partners and are continuing to advance discussions with mass production partners as well. This is another important step for eMagin as we move forward in the development and commercialization of our OLED microdisplay technology for the consumer AR/VR market.”