VR Display Supplier eMagin Cites Delay to Evaluate New Production Partners
Microdisplay supplier eMagin is “seeing broader accelerating interest” for its products in the consumer virtual- and augmented-reality market, said CEO Andrew Sculley on an earnings call last week. “New opportunities continue to surface for our high-brightness, direct-patterned OLED microdisplays,” he…
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said. “Consistently, we hear from prospects in the consumer segment that our cutting-edge technology is a key enabler” for next-generation head-mounted-display VR products, he said. The design of eMagin’s next-generation microdisplay “is on track and going well,” and the company expects to have the first prototypes available to show customers by late this year or early 2019, said Sculley. “So far this year, we had inquiries from four new potential consumer electronics customers about designing and developing displays,” he said. “Discussions are also moving forward with potential mass production partners to help scale production.” Those talks have expanded, “as we were recently approached by another group and need to evaluate the best path forward that will give us the broadest application of our technology,” he said. Based on market interest, Sculley believes eMagin “will be a very active player in the AR/VR marketplace,” he said. Sculley conceded in Q&A that with the new “potential manufacturing partner coming to us” and needing to be evaluated, “it will likely take a little longer than we thought” to reach mass-scale production.