SEPTEMBER 28--eMagin Corp. (Hopewell Junction, NY; www.emagin.com), developer of organic light-emitting-diode-on-silicon microdisplay technology, and SK Corp. (Seoul, Korea), a flagship company of SK Group, have announced a strategic investment by SK Corp. in eMagin. Under the agreement, SK Corp. invested an initial $3 million in eMagin in the form of convertible notes and other securities issued by eMagin. SK is considering a follow-on investment in eMagin of $7 million, based on certain target events and final negotiation of terms.

SK Corp. supports a number of major research and development innitiatives to bring innovative products and technologies to market. This activity is fostering new technology-driven business lines for the company, many with high growth potential.

eMagin develops technology that combines integrated circuits, microdisplays, and optics to create a virtual image similar to the real image of a computer monitor or large screen TV. These miniature, high-performance modules provide access to information-rich text, data, and video that can facilitate the opening of new mass markets for wearable personal computers, wireless Internet appliances, portable DVD-viewers, digital cameras, and other emerging applications.

Fri Sep 28 10:06:00 CDT 2001