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eMagin Corporation (EMAN) stock surged in the current trading session; here’s why

In the current trading session, at the time of writing, eMagin Corporation (EMAN) stock had surged by 27.07% to $3.38. EMAN stock previously closed the session at $2.66. The EMAN stock volume traded 13.12 million shares. In the past year up to date, EMAN stock have jumped by 395.71% and in the past week moved up by 8.13%. In the past three and six months, the stock had shed -30.55%and added 137.50%.

Here’s all you need to know about EMAN stock

eMagin Corporation is a company that manufactures semiconductor equipment as well as focuses on designing, developing, manufacturing, and commercialization of semiconductors’ light-emitting diodes like OLED displays. These OLED shows are projected on virtual imaging items and on-silicon miniature presentations. eMagin has its operations situated in North America, Asia, and Europe. The organization is settled in Hopewell Junction, New York.

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eMagin Corp. likewise gives super video illustrations exhibit (SVGA) + OLED miniature shows alongside different other OLED designs cluster like the ultra-widescreen show.

The organization likewise gives configuration reference kits and solutions, for the assessment of microdisplay that are needed by OEMs. The organization’s customer base incorporates the military since they require avionics helmet, weapon optics and focusing on targeting systems, night vision and heat-seeking gadgets, visual medical procedure optics, portable ultrasound, and virtual reality applications.

What is the company’s recent operational activity?

The company has recently taken part in the Annual Needham Virtual Technology & Media Conference. The company had also launched a live webcast presentation for people to watch it online on their website. This allowed the company to display and present about the company’s vision and aim, along with the promotion of its latest product offerings.

In the first quarter of year 2021, the company saw a decrease in government contracts however that was offset by the increase in the company’s product sales and increased demand in the private sector along with partnerships.

eMagin Corp. has many significant customers for which it creates its OLED and other light discharging diodes. It constantly expects to build its item portfolio and redesign its activities to the most up-to-date age of items for the semiconductor market interest. Most as of late of the new items is the WUXGA which is intended for a visual guide for close-to-eye applications. WUXGA furnishes high goal and picture quality with the least force use. It utilizes the restrictive dainty film OLED which permits the application in a wide-orchestrate of items.

As of late NordicNeuroLab, a biotech hardware producer and exclusive supplier of fMRI gear has looked into the eMagin Corp’s. WUXGA.NordicNeuroLab wishes to cooperate with eMagin to consolidate the WUXGA display in the VisualSystem HD for extending high goal 2D and 3D pictures to patients during the fMRI.

This association can be built upon long-term relationships and future cooperation between the two organizations. Having NordicNeuroLab incorporated as a customer extends the offer development for EMAN stock in the clinical fields for high-goal and visual applications.

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