eMagin to Present at Emerald Investment Forum

Hopewell Junction, NY. — eMagin Corporation (AMEX: EMA), the leading manufacturer of active matrix OLED microdisplays, announced that Chairman and Chief Executive Officer Gary W. Jones will be presenting at the Eleventh Annual Emerald Investment Forum, scheduled for Tuesday, February 3, 2004 at the Wyndham Franklin Plaza Hotel in Philadelphia. Mr. Jones will provide a strategic overview of the company.

The presentation will be webcast live beginning at 9:20 a.m. EST, on February 3, and will be available on the Emerald Asset Management web site at http://www.teamemerald.com/groundhog. The Forum will showcase investment opportunities in some of the region's fastest growing companies, as well as industry leaders from across the country. Senior management of over 40 public and private companies are scheduled to make 30-minute formal presentations during concurrent sessions, sponsored by Emerald Asset Management, Inc. Additional Forum and Emerald Asset Management information, including registration information, can be found on Emerald's Internet home page at http://www.teamemerald.com

eMagin is a global leader in near-to-the-eye virtual imaging technologies and products. eMagin invented the award-winning SVGA+ and SVGA-3D OLED-on-silicon microdisplays, the world's first single-chip color video organic light emitting diode (OLED) microdisplay and embedded controller for advanced virtual imaging.

About eMagin Corporation:
eMagin (AMEX:EMA) integrates high resolution OLED displays smaller than one-inch in size, magnifying optics, and systems technologies to create a virtual image that appears comparable to that of a computer monitor, a large-screen television, or even a theater-like experience. OLED-on-silicon microdisplays offer a number of advantages over current liquid crystal displays, including increased brightness, lower power requirements, less weight wider temperature range and wider viewing angles, resulting in an ultra-compact system with lowered overall system costs relative to alternate technologies. eMagin displays open the door to exciting new applications because the displays internally support stereovision 3D viewing. Headsets using eMagin displays with built-in controllers directly support dual monitor use with notebook or desktop PC computers. Dual monitors are useful for editing from multiple documents, watching email which editing, keeping many files open at a time, and many other applications.

eMagin has developed its own unique technology for the production of high performance OLED-on-silicon microdisplays and related optical systems, and also licenses OLED technology from Eastman Kodak. eMagin is the only company to announce, publicly show and sell full-color active matrix OLED-on-silicon microdisplays. eMagin has now received commercial quantity orders with OEM customers, several military and industrial and medical customers have publicly announced that they are using eMagin's products, and several customers have already launched products that include eMagin's displays and related systems.

eMagin's microdisplay systems are expected to enable new mass markets for wearable personal computers, wireless Internet appliances, portable DVD-viewers, digital cameras, and other emerging applications for consumer, industrial, and military applications. eMagin's corporate headquarters and microdisplay operations are co-located with IBM on its campus in East Fishkill, N.Y. Optics and system design facilities are located at its wholly owned subsidiary, Virtual Vision, Inc., in Redmond, WA. Website: http://www.emagin.com.

Forward Looking Statements:
Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the securities and exchange commission.


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