EMagin Won’t Predict When Its OLED Microdisplays Will Show Up in VR Product

on a Tuesday earnings call. “While I am not at liberty to disclose any names, I am comfortable telling you that you would easily recognize them all,” said Sculley. The company also is experiencing “interest from other parties and will opportunistically continue our dialogues with all of them,” he said. While others are attempting to do microdisplays with OLED for augmented reality and VR, “we believe that our proprietary direct patterning technology gives an unbeatable advantage in the very high level of brightness needed to satisfy several pending military programs, as well as surpass current consumer HMD threshold requirements,” Sculley said. In Q&A, Chief Financial Officer Jeffrey Lucas confessed to being “a little cautious” in predicting when its supply agreements with top CE makers will yield HMDs that actually reach the commercial market. “We have been in discussion with these folks quite a while,” said Lucas. “They are large companies, large players, with their own level of administrative and bureaucratic complexity. These things don't happen quickly. And even when we think we are getting very close in something, invariably another element can come into play.” Bottom line, said Lucas: “We are making solid forward progress with these folks, but we're not in a position nor would we be able to say it's going to happen soon or in the very near future or in the later future. And it could happen relatively quickly, but there are so many variables involved here that we are just a little cautious here in terms of setting any specific timeline expectations.”