|By Business Wire||
|February 21, 2013 05:04 PM EST||
Eyelit Inc., a manufacturing software provider for visibility, control, and coordination of manufacturing operations for the aerospace & defense, discrete electronics, semiconductor, and photovoltaic (solar) industries, announced today that eMagin Corporation (NYSE MKT: EMAN), the leader in Active-Matrix Organic LED (AMOLED) manufacturing, has selected Eyelit MES™ to further optimize production efficiency at its manufacturing facility located in IBM Microelectronics Division’s fab in Fishkill, New York.
The deployment of Eyelit MES is intended to help eMagin realize the following benefits of production efficiency:
- Reduce production costs by increasing manufacturing yield
- Lower fixed costs through reduced cycle time
- Ramp production rapidly to meet customer demand
- Protect proprietary technology and processes
“Eyelit’s solution provides us with product traceability and precise manufacturing controls for our complex processes that combine semiconductor and display technologies for our microdisplay business,” stated John Coleman, Director of Manufacturing for eMagin. “Eyelit’s MES enables flexible configuration to manage our entire spectrum of processes with stringent enforcement of tight specifications. The implementation will help us to configure processes quickly with WIP tracking to improve visibility, and to phase in higher-level functions such as SPC and equipment management. The system can be rapidly implemented, without having to write code, and will be locally maintained by a small internal team without the need for external consultants.
“eMagin’s production volumes are expected to significantly increase year-over-year,” Coleman continued. “We were looking for a solution that combines our front-end wafer fab and the back-end semiconductor packaging and test operations. Eyelit’s capabilities will help us to improve efficiency as we continue ramping production to keep pace with the ever-increasing demand for a great variety of state-of-the-art microdisplays and virtual imaging electronics.”
“We are excited to partner with eMagin and help the company maximize productivity in its semiconductor and display manufacturing,” stated Dan Estrada, Vice-President of Sales and Marketing for Eyelit. “The global OLED market is forecast to expand at a compound annual growth rate of about 40% over the next 5 years. Eyelit’s advanced technology MES is a flexible and cost-effective solution to help OLED manufacturers with innovative products to seize market opportunities. With industry-leading functionality for both front-end and back-end semiconductor operations, as well as other types of precision electronics like digital imaging and display, our customer base has been rapidly expanding with more facilities that specialize in technologies such as OLED, CCD, MEMS, and photovoltaics.”
About eMagin Corporation
A leader in OLED microdisplay technology, OLED microdisplay manufacturing know-how and mobile display systems, eMagin manufactures high-resolution OLED microdisplays and integrates them with magnifying optics to deliver virtual images comparable to large-screen computer and television displays in portable, low-power, lightweight personal displays. eMagin microdisplays provide near-eye imagery in a variety of products from military, industrial, medical and consumer OEMs. More information about eMagin is available at www.emagin.com.
About Eyelit Inc. (www.eyelit.com)
Eyelit Inc. is the leader in Manufacturing Execution and Quality Management (MES and QMS) solutions for visibility, control, and coordination of manufacturing operations for the aerospace & defense, electronics, semiconductor, and solar industries. Eyelit uniquely delivers a broad set of manufacturing solutions, including Asset Management (Semi E10, SEMI PV2-0709), Dispatching, Factory Integration (Automation), Manufacturing Execution (MES/MOM), Recipe Management, Supply Chain Management, Quality Management (CAPA/OCAP/SPC/APC/RMA), and Business Process Management that enable its customers to rapidly and cost-effectively optimize production and company processes.
With exceptional customer service, Eyelit has time and again proven that superior innovative technology can increase efficiency and value. More than 50 leading companies, including Ascent Solar, austriamicrosystems, CEA-Leti, FLIR Systems, eMagin, Freescale Semiconductor, M/A-COM Technology Solutions, Nemotek Technologie, Mentor Graphics, SEMATECH, TowerJazz, Stion, Umicore, and Murata Electronics Oy rely on Eyelit as a trusted software partner.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding eMagin Corporation's expectations, intentions, strategies and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements as a result of various important factors, including those described in the Company's most recent filings with the SEC. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. The business and operations of the Company are subject to substantial risks which increase the uncertainty inherent in forward-looking statements. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements.
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