Cubix acquires eMagin Corp. through subsidiary
Cubix Investments Inc QBX
Shares issued 35,163,741 Mar 16 close $1.55
Fri 17 Mar 2000 News Release
Mr. Brad Carr reports
Cubix Investments has acquired, through a wholly owned subsidiary, 675,000
shares of common stock of eMagin Corporation for a total investment of
$5.075-million (U.S.).
eMagin, listed on the American Stock Exchange under the symbol EMA, is a
leader in virtual imaging technology and OLED (organic light emitting
diode)-on-silicon thin film technology. The corporation is dedicated to
bringing personal imaging solutions to existing and emerging mobile markets
that require high-resolution imaging in an ultra-compact package.
The company's virtual imaging technology leadership and OLED-on-silicon
leadership is evidenced by over 60 issued and licensed patents, OLED
performance breakthroughs and alliances with leading technology companies
including Eastman Kodak, IBM, LG Electronics and others.
eMagin's high performance OLED microdisplay and Microviewer optic system
modules have the potential to significantly enhance the capabilities and
portability of existing and emerging consumer products. Major existing
consumer products include digital cameras, camcorders and personal digital
assistants (PDAs). Emerging products include cellphone Internet viewers,
GPS map viewers, wearable computers, 3-D computer accessories and headset
systems for portable DVD, HDTV, video games and other applications.
Further information on eMagin can be obtained at the company's Web site
www.emagincorp.com.
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