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Kopin and ExPlay Team Up to Develop Matchbox-Size Nano-Projector Engine for Mobile Applications; Kopin's High-Efficiency Microdisplay and ExPlay's Nano-Projector Engine to Enable Low-Power, High-Brightness, Embedded Projection Engine

01/03/2006

TAUNTON, Mass.--(BUSINESS WIRE)--Jan. 3, 2006--Kopin(R) Corp. (Nasdaq: KOPN), a leading provider of microdisplays for military, industrial and consumer applications, and ExPlay, a venture company developing nano-projector engines for consumer applications, today announced that they are in development of an ultra-small nano projector based on an ultra-high-efficiency version of Kopin's microdisplay, which is being specifically designed for the nano projector, and ExPlay's unique optical technology. Under the $2.2 million program partially funded by the BIRD Foundation, Kopin and ExPlay are developing a matchbox-size projection engine with target optical efficiencies nearly 10 times higher than those currently available. The ultra-compact, highly-efficient projection engine is targeted for portable, hand-held devices such as cellular phones, PDAs, and PMP devices.

"A key requirement for a nano projector is high brightness at low-power consumption," stated Dr. Bor-Yeu Tsaur, Kopin's executive vice president of Display Operations. "We have engineered the display pixel technology to increase the effective optical aperture and transmission, which significantly increases optical efficiency. We believe our proprietary compact, highly transmissive microdisplay combined with an unique optical engine technology from ExPlay should enable an ultra-compact nano projector."

"A tight combination of a high-transmission microdisplay and a specially designed optical engine in an easy-to-integrate package is the key to the success of this application," said Golan Manor, ExPlay's vice president of Technical Marketing. "ExPlay's nano-projector engines are built with ExPlay's unique laser-based diffractive optical technology and provide a complete projector engine solution including optics and electronics for easy integration into third party products."

Consumer demands for large, high-resolution images, while compact enough to be portable, are increasing due in large part to the vast amount of mobile video and multimedia content available wirelessly and in the newer generation of handheld portable devices. This technology expands Kopin's offerings in personal displays for mobile devices to include small-form-factor projectors for sharing information in addition to the near-eye display such as video eyewear for private viewing.

"Kopin's high-density, high-optical-efficiency display is essential to the success of our proprietary optical engine," said Daniel Oleiski, ExPlay's chief executive officer. "We have been working closely with Kopin for two years, and we are excited that Kopin's display technology allows the thinnest and smallest optical systems. We are pleased with our progress and plan to introduce the projection engine in the first half of this year."

Dr. John C. C. Fan, Kopin's president and chief executive officer stated, "With burgeoning markets in mobile video, portable gaming and hand-held devices such as PDAs and video cellular phones, there will be a significant demand for high-resolution microdisplay systems to compliment these products. We believe a cost-effective, high-performance nano projector will be a reality in the near future."

Built with Kopin-patented nanotechnologies, Kopin's CyberDisplay products are the world's lowest power, highest resolution transmissive AMLCDs for their size, which ranges from 0.16-inch to 1-inch diagonal. These transmissive displays, available in monochrome and full color, are ideal for a wide range of consumer mobile electronics applications as well as military and homeland security applications that call for high-resolution, high-speed video in a compact, power-efficient package. These applications include camcorders, digital still cameras, and video eyewear for PMPs, gaming equipment, PDAs and wireless handsets as well as thermal imaging systems and surveillance equipment.

About BIRD Foundation

BIRD is an acronym for Israel-U.S. Binational Industrial Research and Development. The BIRD Foundation's mission is to stimulate, promote and support industrial R&D of mutual benefit to the U.S. and Israel. BIRD cost-shares with Israeli and American companies in the development, to the point of commercial readiness, of innovation (nondefense) technology-based products or processes which have reasonable potential for generating revenues and profits commensurate with the risks. For more information, please visit www.birdf.com.

About ExPlay

ExPlay, based in Herzelia, Israel, is a venture company that develops an ultra-compact nano-projector engine for portable devices such as cell phones, PDAs and PMPs. It has patented (pending), proprietary technologies to get higher optical efficiency for projection optical engine. For more information, please visit www.ExPlay.co.il.

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 500,000 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.

Kopin, CyberDisplay and the Nanosemiconductor Company are trademarks of Kopin Corporation.

Safe Harbor Statement

Statements in this news release may be considered "forward-looking" statements under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements include the target performance of Kopin's microdisplay and optical efficiency of projection engine; and schedule to introduce the projection engine and micro-projector and demand for high-resolution microdisplay systems. These statements involve a number of risks and uncertainties that could materially affect future results. These risk factors include, but are not limited to: the impact of competitive products and pricing, availability of third-party components, viability of integrated circuit fabrication facilities, cost and yields associated with production of high-efficiency microdisplay and projection engine; loss of significant customers, acceptance of the Company's products, continuation of strategic relationships, and the other risk factors and cautionary statements listed from time to time in the Company'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 Dec. 25, 2004 and Form 10-Q for the period ended Sept. 24, 2005.

Kopin - The NanoSemiconductor Company(R)

CONTACT: Kopin Corporation
Richard Sneider, 508-870-5959
rsneider@kopin.com
or
Beaupre & Co. Public Relations, Inc.
Christine LeCompte, 603-559-5802
clecompte@beaupre.com
or
ExPlay Ltd.
Golan Manor, +972-9-9577337
golan_m@ExPlay.co.il

SOURCE: Kopin Corporation