eMagin Receives Notice of Non-Compliance with AMEX Listing Requirements
October 13 2006 - 4:45PM
Business Wire
eMagin Corporation (AMEX: EMA) announced today that it received
notice from the American Stock Exchange indicating that the Company
is not in compliance with certain conditions of the Exchange's
Section 1003 continued listing standards contained in the AMEX
Company Guide. The Company was afforded the opportunity to submit a
plan of compliance to the Exchange by November 6, 2006 that
demonstrates the Company's ability to regain compliance with
Section 1003 of the AMEX Company Guide within 18 months. The
Company intends to submit a plan, however if the plan is not
accepted by the AMEX, the Company may be subject to delisting
procedures as set forth in Section 1010 and part 12 of the Company
Guide The Company's Common Stock continues to trade on AMEX;
however, the EMA trading symbol will have an indicator .BC added as
an extension to signify noncompliance with the continued listing
standards. The .BC indicator will remain as an extension on our
trading symbol until the Company has regained compliance with all
applicable continued listing standards. About eMagin Corporation A
leader in personal display systems and OLED microdisplay
technologies, eMagin's OLED displays have broad market reach and
are incorporated into a variety of near-to-eye imaging products by
military, industrial, medical and consumer OEMs, who choose
eMagin's award-winning technology as a core component for their
solutions. eMagin's first personal display system, the Z800 3DVisor
provides superb 3D stereovision and headtracking for PC gaming,
training and simulation, and other applications. It won the CEA's
Innovation of Year award in the digital display category and won
additional recognition in the electronic gaming category. eMagin's
microdisplay manufacturing and R&D operations are co-located
with IBM on its campus in East Fishkill, New York. System design
facilities and sales and marketing are located in Bellevue,
Washington. A sales office is located in Tokyo, Japan. For
additional information, please visit www.emagin.com and
www.3dvisor.com. Note: eMagin and 3DVisor are trademarks of eMagin
Corporation. eMagin Corporation (AMEX: EMA) announced today that it
received notice from the American Stock Exchange indicating that
the Company is not in compliance with certain conditions of the
Exchange's Section 1003 continued listing standards contained in
the AMEX Company Guide. The Company was afforded the opportunity to
submit a plan of compliance to the Exchange by November 6, 2006
that demonstrates the Company's ability to regain compliance with
Section 1003 of the AMEX Company Guide within 18 months. The
Company intends to submit a plan, however if the plan is not
accepted by the AMEX, the Company may be subject to delisting
procedures as set forth in Section 1010 and part 12 of the Company
Guide The Company's Common Stock continues to trade on AMEX;
however, the EMA trading symbol will have an indicator .BC added as
an extension to signify noncompliance with the continued listing
standards. The .BC indicator will remain as an extension on our
trading symbol until the Company has regained compliance with all
applicable continued listing standards. About eMagin Corporation A
leader in personal display systems and OLED microdisplay
technologies, eMagin's OLED displays have broad market reach and
are incorporated into a variety of near-to-eye imaging products by
military, industrial, medical and consumer OEMs, who choose
eMagin's award-winning technology as a core component for their
solutions. eMagin's first personal display system, the Z800 3DVisor
provides superb 3D stereovision and headtracking for PC gaming,
training and simulation, and other applications. It won the CEA's
Innovation of Year award in the digital display category and won
additional recognition in the electronic gaming category. eMagin's
microdisplay manufacturing and R&D operations are co-located
with IBM on its campus in East Fishkill, New York. System design
facilities and sales and marketing are located in Bellevue,
Washington. A sales office is located in Tokyo, Japan. For
additional information, please visit www.emagin.com and
www.3dvisor.com. Note: eMagin and 3DVisor are trademarks of eMagin
Corporation.
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