NASDAQ: KOPN $ 1.31 +0.06( +4.8%) Volume: 164,346 January 16, 2019 20 min delay

Kopin Captures Multi-Million Dollar U.S. Army Program to Produce Ultra-High-Resolution Microdisplays


Company to Accelerate Manufacturing Readiness for Full-Color SXGA Displays for Night Vision Systems

TAUNTON, Mass.--(BUSINESS WIRE)--April 22, 2008--Kopin(R) Corporation (NASDAQ: KOPN) today announced that it has been awarded the first phase of an anticipated three-phase, $4.2 million U.S. Army program to accelerate production capability and improve the performance of its CyberDisplay(R) SXGA LVR microdisplay. The world's highest resolution microdisplay is targeted for the Army's next generation of night vision systems. These systems use multi-spectral imaging sensors and Kopin's full-color displays to provide soldiers with daytime-like images - even in total darkness.

The CyberDisplay SXGA LVR is a 0.97-inch-diagonal active matrix liquid crystal display with 1280 x 1024 pixel resolution. With the integration of an internal heater, it offers nearly instant-on capability at low ambient temperatures with minimal power consumption. The CyberDisplay SXGA LVR is the culmination of Kopin's partnership with the U.S. Government to invest and develop a new 8-inch processing line.

"This award reinforces Kopin's position as the leading technology developer and supplier of superior, high-performance microdisplays to the U.S. military," said President and Chief Executive Officer Dr. John C. C. Fan. "Having succeeded in developing the Cyberdisplay SXGA LVR, we are focused on continually perfecting the technology necessary to produce such a complex display. We expect that our work on this program also will benefit our commercial display infrastructure."

"A stable supply of color SXGA microdisplays is critical for the U.S. military's next-generation night vision systems," the U.S. Army said in a prepared statement. "Kopin's CyberDisplay SXGA LVR will provide the resolution and contrast necessary to capture more detailed images. It will also offer the added capability of displaying color maps, color symbology, and sensor-fused imagery, thus increasing the situational awareness of our soldiers in the field."

"The initial phase of this three-year program is aimed at accelerating the development of manufacturing technology for Kopin's standard SXGA LVR," stated Michael Presz, Kopin's Vice President of Government Contracting. "Technology insertions planned for future phases will increase display transmission and operational readiness by incorporating advanced materials available with our new 8-inch process. The goal of the program is to create a high-volume production capability for this next-generation SXGA display, which is scheduled in lock-step with the U.S. Army's emerging night vision programs."

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

Kopin, CyberDisplay, and The NanoSemiconductor Company are trademarks of Kopin Corporation.

Safe Harbor Statement

Statements in this news release about the award from the U.S. Army may be considered "forward-looking" under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These include statements relating to potential benefits to Company's commercial display infrastructure as a result of the award; the expected display transmission and operational readiness as a result of technology insertion in future phases; the plan to incorporate advance materials from the 8-inch process; and Company's goal to create high-volume production capability for the next-generation SXGA display. 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 possibility that the award may not funded beyond the first phase; problems with the performance improvements and delay in establishing the manufacturing capability of CyberDisplay SXGA LVR; and the possibility that the CyberDisplay SXGA LVR may not be selected for the U.S. military's next generation of night vision systems; technical, manufacturing or other issues that may prevent the qualification process from being completed; technical, manufacturing or other issues that may prevent Kopin from ramping up manufacturing even if qualification is successfully accomplished; the potential that the U.S. Government may delay or cancel implementation of the program for which this technology is intended; issues related to the supply or production of non-Kopin components used to manufacture its customers' products; and other risk factors and cautionary statements listed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 29, 2007. 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: Investor Relations
             Kopin Corporation
             Richard Sneider, 508-824-6696
             News Media Relations
             VP RDW Group, Inc.
             Dave McDermitt, 617-235-5812

    SOURCE: Kopin Corporation