eMagin Corporation PRESS RELEASE

eMagin Corporation Appoints Grant Thornton LLP as Independent Accountants

September 23, 2002

Hopewell Junction,  NY. - eMagin Corporation (AMEX: EMA) today announced that it
has engaged Grant  Thornton LLP as its new  independent  accountants,  effective
immediately.  eMagin's former  independent  accountants were Arthur Andersen LLP
until the relationship  was terminated in June 2003. This appointment  follows a
careful  selection  process and was approved by the Audit Committee of the Board
of Directors and eMagin's management.

Grant Thornton is the leading global accounting, tax, and business advisory firm
dedicated  to serving  the needs of  middle-market  companies.  Founded in 1924,
Grant  Thornton  serves  public and  private  middle-market  clients  through 51
offices  in the United  States,  and in more than 650  offices in 109  countries
through  Grant  Thornton  International.  Grant  Thornton's  Web site address is
www.grantthornton.com.

About eMagin Corporation

A leading developer of virtual imaging  technology,  eMagin combines  integrated
circuits,  OLED  microdisplays,  and optics to create a virtual image similar to
the real  image of a  computer  monitor  or large  screen  TV.  eMagin  provides
near-eye   microdisplays   which  can  be   incorporated  in  products  such  as
viewfinders, digital cameras, video cameras and personal viewers for cell phones
as well as  headset-application  platforms  which include mobile devices such as
notebook and sub-notebook computers,  wearable computers,  portable DVD systems,
games and other entertainment.  eMagin's corporate headquarters and microdisplay
operations are co-located with IBM on its Hudson Valley campus in East Fishkill,
N.Y. Wearable and mobile computer  headset/viewer  system design and full-custom
microdisplay  system  facilities  are  located at its wholly  owned  subsidiary,
Virtual Vision, Inc., in Redmond, WA. URL: http://www.emagin.com

Forward Looking Statements

This 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.  These  statements  relate to future  events  or our  future  financial
performance.  In some cases,  you can  identify  forward-looking  statements  by
terminology such as "may", "will",  "should",  "expect",  "plan",  "anticipate",
"believe",  "estimate",  "predict",  "potential" or "continue",  the negative of
such  terms,  or  other  comparable  terminology.   These  statements  are  only
predictions.  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 each 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.