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eMagin Inks Licensing Agreement for Immersive Headset IP

Licenses 4 MegaPixel per eye immersive virtual reality headset technology with an undisclosed company.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

eMagin Corporation signed a non-exclusive intellectual property (IP) licensing agreement for its 4 MegaPixel per eye immersive virtual reality headset technology with an undisclosed company. The deal includes an upfront licensing fee of $1 million and a commitment to use eMagin’s 2,000 x 2,000 pixel full color displays in the company’s headsets.

eMagin’s OLED microdisplays are used for the emerging Virtual Reality (VR) and Augmented Reality (AR) markets with features such as their speed (which helps prevent nausea), small size, low power consumption, high brightness and high contrast.

“This licensing agreement confirms that our immersive headset technology is unique in the VR market,” said Andrew G. Sculley, CEO of eMagin. “This agreement also demonstrates that eMagin’s OLED microdisplays are the right choice for VR applications, giving eMagin the opportunity to jump into the market with its highest resolution microdisplay offering.”

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