from the tiny-pixels-for-big-ideas dept.
A number of companies, including Apple, Valve, and LG, have invested in the OLED display manufacturer eMagin:
According to documents filed last month with SEC, a new stock issuance of some $10 million by OLED microdisplay maker eMagin will be bought up by Apple, Valve, and LG, among others.
Founded in 1993, Emagin is a producer of OLED microdisplays which have seen deployments in military, medical, industrial, and other sectors. With the rise of AR and VR in the consumer market, Emagin has recently marketed their display technology toward companies building consumer headsets.
The company's flagship product in this space is a 2,048 × 2,048 OLED microdisplay with a ~70% fill factor, which the company claims will eliminate the 'screen door effect' seen on today's consumer VR headsets.
[...] As for Valve, the company's chief, Gabe Newell, said back in 2017 that he expected VR display technology to make great strides in 2018 and 2019; a timeline which may have been guided by the company's involvement with Emagin:
"We're going to go from this weird position where VR right now is kind of low res, to being in a place where VR is higher res than just about anything else, with much higher refresh rates than you're going to see on either desktops or phones. You'll see the VR industry leapfrogging any other display technology. You'll start to see that happening in 2018 and 2019 when you'll be talking about incredibly high resolutions."
Also at CNET.
Update (2/12/18): An earlier version of this article stated that Apple, LG, and Valve had participated in Emagin’s new stock offering; according to a press release issued by Emagin today, the companies ultimately didn’t participate in the deal. While the company had filed documents with SEC on the 25th of January listing the companies as “specified investors” in the deal, none of those companies took part in the deal by the time it had closed on January 29th, according to Emagin. We’ve reached out to the company for additional information surrounding the deal and Emagin’s involvement with Apple, Valve, and LG.
According to a report from Bloomberg, “Emagin listed those companies in the filing because it had discussions with [the companies] at industry events,” the company reportedly told the publication.