eMagin Corporation has signed a non-exclusive intellectual property (IP) licensing agreement for its unique 4 MegaPixel per eye immersive virtual reality headset technology with an undisclosed company. The deal includes an upfront licensing fee of $1 million and a commitment to use eMagin's 2,000 x 2,000 pixel full color displays in the company's headsets. eMagin's OLED microdisplays are the superior choice for the emerging Virtual Reality (VR) and Augmented Reality (AR) markets with features such as their speed (which helps prevent nausea), small size, low power consumption, high brightness and high contrast.

These features make eMagin's microdisplays a better choice than alternative liquid crystal based display technologies like LCOS or LCD.