Forth, 7 characters, 79 bytes70 chars/509 byteschars
As I was too lazy to code that out, I did a line of metaprogramming in stock gforth to generate the program. That line reads:
: challengech 2 base ! 0 word count for count '%." emit%" . cr ." emit" cr next drop ;
running this code like this:
challengech The quick brown fox jumps over the lazy dog
produces this output with chars "%01eimt":
%1010100
emit
%1101000
emit
%1100101
emit
%100000
emit
%1110001
emit
%1110101
emit
%1101001
emit
%1100011
emit
%1101011
emit
%100000
emit
%1100010
emit
%1110010
emit
%1101111
emit
%1110111
emit
%1101110
emit
%100000
emit
%1100110
emit
%1101111
emit
%1111000
emit
%100000
emit
%1101010
emit
%1110101
emit
%1101101
emit
%1110000
emit
%1110011
emit
%100000
emit
%1101111
emit
%1110110
emit
%1100101
emit
%1110010
emit
%100000
emit
%1110100
emit
%1101000
emit
%1100101
emit
%100000
emit
%1101100
emit
%1100001
emit
%1111010
emit
%1111001
emit
%100000
emit
%1100100
emit
%1101111
emit
%1100111
emit
running this output results in printing to screen:
The quick brown fox jumps over the lazy dog