NASDAQ: KOPN $ 2.10 -0.03( -1.41%) Volume: 224,482 September 18, 2018 20 min delay

Kopin Extends its Multi-Year HBT Purchase and Supply Agreement with Skyworks Solutions; Agreement Supports Increasing Demand for Skyworks' Cell Phone Power Amplifiers

02/08/2006

TAUNTON, Mass.--(BUSINESS WIRE)--Feb. 8, 2006--Kopin(R) Corp. (NASDAQ: KOPN), the world's leading provider of heterojunction bipolar transistor (HBT) wafers for cellular phones and other communications devices, today announced that Kopin and Skyworks Solutions, Inc. have extended their HBT purchase and supply agreement.

Under the agreement, Kopin will supply Skyworks HBT production wafers. The agreement also facilitates the companies' continued implementation of production and development plans to support the growing worldwide demand for cell phone power amplifiers. Skyworks, headquartered in Woburn, Mass., is an industry leader in radio solutions and precision analog semiconductors for mobile communications. The agreement provides for support of a wide range of HBT wafer technologies, including multiple GaAs HBT products, Skyworks' advanced BiFET technology and Kopin's GAIN-HBT(R) platform.

"Skyworks, along with its predecessors, has been our customer and partner for many years, and our relationship has proved extremely successful," said Dr. John C.C. Fan, Kopin's president and chief executive officer. "In today's mobility-driven market, the trend is toward multi-mode phones that allow consumers to use one device to communicate almost anywhere in the world. This trend bodes well for healthy growth in HBT power amplifier markets. Our mission is to maintain our lead in providing the best quality, consistency, capacity and technical advances in HBTs for our partners."

"I am pleased that Skyworks and Kopin will continue to work closely together," said Bruce Freyman, Skyworks vice president of worldwide operations. "In the past few years, we have been collaborating to improve efficiency, quality and cost, all while implementing promising new technologies. It's important to have a partner, such as Kopin, that understands our philosophy and is capable of executing the demanding tasks necessary to achieve success in our industry."

Earlier in 2005, Kopin announced the shipment of its 500,000th HBT wafer. Since then, unit production volume has grown strongly with the increase in the global cell phone subscriber base and the implementation of advanced multi-mode phones with greater GaAs circuit content. Worldwide, Kopin estimates that it has an 80 percent share of the merchant HBT wafer market. The company manufactures wafers from its two production sites in Taunton, Mass., and is ramping its Taiwan-based affiliate, KTC, to provide additional capacity for its global customers.

About Skyworks Solutions

Skyworks Solutions, Inc. is an industry leader in radio solutions and precision analog semiconductors servicing a diversified set of mobile communications applications. The company's power amplifiers, front-end modules and direct conversion transceivers are at the heart of many of today's leading-edge multimedia handsets, cellular base stations and wireless networking platforms. Skyworks also offers a portfolio of highly innovative linear products, supporting a diverse set of automotive, broadband, industrial and medical customers. Headquartered in Woburn, Mass., Skyworks is worldwide with engineering, manufacturing, sales and service facilities throughout Asia, Europe and North America. For more information, please visit the Skyworks Web site at: www.skyworksinc.com.

About Kopin

Kopin is the largest U.S. manufacturer of microdisplays to the consumer electronics, industrial and military markets and the world's largest merchant supplier of heterojunction bipolar transistor (HBT) wafers for power amplifier integrated circuits. Since introducing its award-winning microdisplay technology in 1999, Kopin has shipped more than 15 million CyberDisplays for digital cameras, personal video eyewear, camcorders, thermal weapon sights and head-mounted displays. The Company also has shipped more than 600,000 HBT wafers, which have been integrated into more than one billion wireless handsets and into WiFi, VoIP and high-speed Internet data transmission systems. Kopin's technology is protected by more than 200 global patents and patents pending. For more information, please visit Kopin's Web site at www.kopin.com.

GAIN-HBT and The NanoSemiconductor Company are registered trademarks of Kopin Corporation.

Safe Harbor Statement

This news release about the multi-year extension of the HBT purchase and supply agreement between Kopin and Skyworks Solutions contains "forward-looking" statements under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements relate to the anticipated demand for Skyworks' cell phone power amplifiers; Kopin's intention to supply Skyworks HBT production wafers; expected growth in worldwide demand for cell phone power amplifiers; Kopin's plan to support a wide range of HBT wafer technologies; and the effect of this agreement on capacity planning, continuous improvement and future technology development. These statements involve a number of risks and uncertainties that could materially affect future results. These risk factors include: contractual issues that might impact the production agreement; changes in demand for multi-mode wireless handsets and other devices; competing technologies might offer superior performance or be offered at a lower cost than Kopin's products; general economic and business conditions that might affect production; shortages of semiconductor materials and components that could delay production; changes in business conditions within the wireless component industry; difficulty in obtaining third-party components; issues related to customer qualification of Kopin's HBT manufacturing processes; and other risk factors and cautionary statements listed in Kopin's periodic reports and registration statements filed with the Securities and Exchange Commission. These include, but are not limited to, the Company's Annual Report on Form 10-K for the year ended December 25, 2004 and Form 10-Q for the period ended September 24, 2005.

Kopin - The NanoSemiconductor Company(R)

CONTACT: Kopin Corporation
Richard Sneider, 508-824-6696
CFO
rsneider@kopin.com
or
Beaupre & Co. Public Relations, Inc.
Christine LeCompte, 603-559-5802
SVP
lecompte@beaupre.com

SOURCE: Kopin Corporation