NASDAQ: KOPN $ 1.38 -0.07( -4.83%) Volume: 301,159 December 18, 2018 20 min delay

Kopin Announces Expansion of Taunton Production Center

08/13/2007

TAUNTON, Mass.--(BUSINESS WIRE)--Aug. 13, 2007--One of the world's leading providers of microdisplays for consumer and military electronics is expanding its Massachusetts manufacturing operations. Kopin(R) Corporation (NASDAQ: KOPN) today announced plans to enlarge its production facility located in Taunton, Massachusetts to support the growing demand for its display and heterojunction bipolar transistors (HBTs) products. The announcement was made during a ceremony at Kopin's world headquarters in Taunton to mark a new $3 million state development grant.

"The grant represents a partnership between Kopin and the Commonwealth of Massachusetts to create jobs and maintain Massachusetts as a leader in high-tech manufacturing," said Dr. John C.C. Fan, Kopin president and CEO. "This grant is a continuation of our strategy which includes federal, state and Kopin resources and revenues to develop leading-edge display products for use in consumer and military applications. I would like to thank Senator Marc Pacheco, Representative James Fagan, and Mr. Mitch Adams, Director of the Massachusetts Technology Collaborative, and their staffs for working with Kopin to make this grant possible. I would also like to take this opportunity to thank Congressman Barney Frank and his staff for their continuing efforts in helping Kopin obtain federal funding to develop displays for the military's night vision systems."

The state grant will be used for the construction of clean room facilities, infrastructure improvements and a job training program. Kopin expects to increase its workforce over the next five years and beyond. The new expansion project is slated for completion later this year.

About Kopin

Kopin Corporation produces lightweight, power-efficient, ultra-small liquid crystal displays and heterojunction bipolar transistors (HBTs) that are revolutionizing the way people around the world see, hear and communicate. Kopin has shipped more than 20 million displays for a range of consumer and military applications including digital cameras, personal video eyewear, camcorders, thermal weapon sights and night vision systems. The Company's unique HBTs, which help to enhance battery life, talk time and signal clarity, have been integrated into billions of wireless handsets as well as into WiFi, VoIP and high-speed Internet data transmission systems. Kopin's proprietary display and HBT technologies are protected by more than 200 global patents and patents pending. For more information, please visit Kopin's website at www.kopin.com.

Kopin and The NanoSemiconductor Company are trademarks of Kopin Corporation.

Safe Harbor Statement

Statements in this news release may be considered "forward-looking" under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These include statements relating to plans to enlarge its production facility located in Taunton to support Kopin's growing demand for display and Heterojunction Bipolar Transistor products; Kopin expects to increase its workforce over the next five years and beyond; and the new expansion project is slated for completion later this year. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Factors that might affect the actual results, performance or achievements include, among other things, the successful completion of the facility expansion;, demand for Kopin's display and HBT products; funding of military procurement programs related to thermal weapon sight acquisition; changes in consumer preference for digital cameras, or the emergence of alternative photographic technologies; issues related to the supply or production of non-Kopin components used to manufacture its customers' digital cameras; the potential consequences surrounding any findings relating to the Company's special committee's ongoing internal review of stock option granting practices; uncertainty of results of pending civil litigation related to the Company's stock option grant practices; the potential for further delays related to the Company's regulatory filings; general economic and business conditions; and other risk factors and cautionary statements listed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstance occurring after the date of this report.

               Kopin - The NanoSemiconductor Company(R)

    CONTACT: Kopin Corporation
             Richard Sneider, CFO, 508-824-6696
             rsneider@kopin.com
             or
             RDW Group, Inc.
             Dave McDermitt, VP, 617-235-5812
             dmcdermitt@rdwgroup.com

    SOURCE: Kopin Corporation