eMagin Exec Claims That Apple Did Not Invest In The Company

A couple of days ago it was reported that Apple along with LG and Valve had apparently invested in a company called eMagin that specializes in creating microdisplays for augmented reality/virtual reality headsets. This was based on a US Securities Exchange Commission filing that listed Apple, LG, and Valve.

However it seems that the interpretation of the filing could have been wrong, at least that’s according to eMagin’s CFO Jeffrey Lucas who has since come forward to clear up the situation. According to Lucas, the only reason Apple, LG, and Valve were listed in their filing with the US SEC is because they’ve had discussions with said companies at industry events.

Lucas also said that should those firms decide to invest, they would have given them different pricing. eMagin has also issued a statement which reads, “As of today, to the Company’s knowledge, none of these consumer electronics companies have taken part in the offering.” That being said, it is easy to see why those companies could be interested in what eMagin has to offer, even if they might not necessarily have invested in the company.

LG dabbles in VR with its own headsets, while Valve worked with HTC on the HTC Vive. As for Apple, the Cupertino company is also dabbling in AR with ARKit and if the rumors are true, could also be working on an AR headset.

Tyler Lee
Categories: Apple, General
Tags: Augmented Reality (AR), LG, Valve, Virtual Reality (VR)