HOPEWELL JUNCTION, N.Y., & KYOTO, Japan, April 5 -- ROHM Co. Ltd. is purchasing about 1.3 million EMagin shares at 78 cents a share, as well as warrants to buy an additional 512,820 common shares at 85 cents each.
The companies also agreed to explore cooperative activities such as outsource manufacturing, design and distribution; they also said they expect to explore integrated circuit chips to be incorporated into eMagin's microdisplays for consumer applications, such as camera or camcorder viewfinders, and joint product development or other opportunities.
ROHM and eMagin, both licensees of Eastman Kodak's OLED technology, will also consider jointly developing that technology. According to the companies, OLEDs offer a number of advantages over current liquid crystal microdisplays -- including increased brightness, lower power requirements, less weight, wider viewing angles and overall thin-film, light-weight designs -- and are regarded as the optimum display for the next generation of cellular phones, personal entertainment, and other portable electronic devices.