According to a new market report published by Credence Research (http://nnw.fm/24exI) entitled ‘Head Mounted Display (HMD) (Defense, Consumer, Industrial, Healthcare, Public Safety, and Other Verticals) Market – Growth, Share, Opportunities, Competitive Analysis, and Forecast 2015 – 2022’, the head mounted display market is expected to expand at a compound annual growth rate of just below 50% between 2015 and 2022.
The report explains that this significant growth has been largely attributed to the declining prices of microdisplays, coupled with the high demand for lightweight wearable computing devices. Because of this decline in prices, manufacturers are now able to penetrate into the consumer market, offering more affordable products.
eMagin Corp. (NYSE MKT: EMAN), a company dedicated to developing and delivering head-worn systems for law enforcement, military, entertainment, and medical applications, among others, is set to capitalize on this growing industry thanks to its ability to develop and deliver high-quality, high-resolution, cutting-edge displays to its customers.
Earlier this week, the company was a big mover, with a rise in shares of more than 9% on March 7, 2017. According to the Nasdaq website (http://nnw.fm/rB21f), “The move came on solid volume with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $2.10 to $2.30 in the past one-month time frame.” The company’s stock price escalated, climbing to $2.45 per share in Friday morning trading.
On March 8, the Daily Quint reported that Bessemer Group, Inc. had acquired over 76,000 new shares of eMagin stock worth approximately $164,000 (http://nnw.fm/7oaLV). Not only this, Fiscal Standard (http://nnw.fm/4iW1H) reported that H. C. Wainright and Craig Hallum began coverage on the company, with both issuing it a ‘Buy’ rating. Craig Hallum gave eMagin a target share price of $6.
eMagin is the first and leading manufacturer of active matrix OLED-on-silicon microdisplays. In addition to the company’s focus on the security, defense, medical, and industrial markets, eMagin has now entered into the consumer market with its Z800 3DVisor, which was described as the “the best 3D goggles we’ve ever tested” by Maximum PC (http://nnw.fm/h6iAT).
For more information, visit www.eMagin.com
About NetworkNewsWire
NetworkNewsWire (NNW) provides news aggregation and syndication, enhanced press release services and a full array of social communication solutions. As a multifaceted financial news and distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
NetworkNewsWire (NNW)
New York, New York
www.networknewswire.com
212.418.1217 Office
Editor@NetworkNewsWire.com
