February 11, 2018

Apple (AAPL) lured by eMagin; Making Investment of $10 million

With the popularity of virtual and augmented reality, things in the tech world are changing a lot, as a small company that used makes OLED microdisplays, eMagin is getting some attention from Apple Inc. (NASDAQ:AAPL), LG and Valve.

Apple Inc. (AAPL), LG and Valve are making a noticeable investment of $10 million in eMagin, according to the official documents filed with the (SEC) US Securities and Exchange Commission.

The New York-based company, which makes microdisplays, used in the medical, industrial fields and military, but it has recently turned its attention to companies building consumer headsets.

According to the filing, Apple lured to an investment in eMagin, in the form of a new stock issuance, and was expected to be completed before the end of January.

“We entered into strategic agreements with multiple Tier One consumer product companies for the design and development of microdisplays for consumer head mounted devices and, together with these companies, negotiated with mass production manufacturers for higher volume production capabilities,” eMagin said in its filing.

The moved made by company, underscores the commitment of tech community towards the virtual reality, to transport the goggle-wearing users, to a computer-generated 3D environment with a top class quality. Meanwhile, along with augmented reality, it also overlays digital images, on the real world through special headsets.

The small company’s flagship product is having a 2K display, with a resolution of 2,048 by 2,048 pixels and it has a 70% fill factor, it is the percentage of each pixel, that can be used to gather the light.

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