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eMagin Inks VR Licensing Agreement +7

15:34 06-Jan-16


Pick list stock eMagin has just announced a non-exclusive license agreement with an unnamed company.  The deal includes an upfront licensing fee of $1M and a commitment to use eMagin’s 2,000 x 2,000 pixel full color displays in the company’s headsets.

$1M isn't a lot, but that's just a licensing fee.  Most other critical details are lacking, but my guess is that eMagin will be producing the screens and the licensee will incorporate them into its headsets.  Pricing and volume will be critical for determining a price target, but there is little doubt that this is good news.