eMagin Signs Long-term Exclusive Supply Agreement with Sagem (Safran group)
eMagin Corporation (NYSE: EMAN), a leader in OLED microdisplays and virtual imaging technologies, announced today that it has signed a contract extension with Sagem (Safran group), Paris, France, for the exclusive supply of OLED Microdisplays for FELIN, Fantassin à Équipement et Liaisons Intégrés (Integrated Infantryman Equipment and Communications). The original agreement, signed in 2006, was for supply of OLED microdisplays for the helmet-mounted display, weapon sights and target designator used in the FELIN system. To date, more than 17,000 active matrix OLED microdisplays have been delivered for FELIN, with an approximate 15,000 additional microdisplays to be delivered during the extended contract period. The contract extension frames a strategic partnership between Sagem and eMagin making eMagin the exclusive OLED supplier for FELIN and future Sagem Optronics products through 2017, and providing Sagem early access to a soon to be announced family of new eMagin OLED microdisplays.
FELIN is a modular infantry combat suite, offering efficient ergonomics, autonomy and weight saving. In March 2004, Sagem won the DGA contract to develop and produce up to 22,500 infantry combat suits, to field with all French Army active infantry regiments. Fielding began in mid-2010. FELIN systems comprise a modified weapon system, integral sensors, wearable computer, communications and display systems, advanced uniform, protection and headgear. FELIN is deployed in Afghanistan.
© 2015 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.