NASDAQ: KOPN $ 2.21 +0.03( +1.38%) Volume: 100,743 October 17, 2018 20 min delay

Kopin Extends HBT Purchase and Supply Agreement with Skyworks Solutions

04/14/2008
    Agreement Supports Increasing Demand for Skyworks' Cell Phone
                           Power Amplifiers

TAUNTON, Mass.--(BUSINESS WIRE)--April 14, 2008--Kopin(R) Corp. (NASDAQ: KOPN), the world's leading provider of heterojunction bipolar transistor (HBT) wafers for cellular phones and wireless local area networks, today announced that Kopin and Skyworks Solutions, Inc. have extended their HBT purchase and supply agreement. Skyworks, headquartered in Woburn, Mass., is an industry leader in radio solutions and precision analog semiconductors for mobile communications.

Under the agreement, Kopin will fulfill all 4-inch-diameter and the vast majority of 6-inch-diameter HBT wafer requirements of Skyworks through July 2010. The agreement applies to a wide range of III-V technologies including multiple GaAs HBT products, Skyworks' advanced BiFET design and Kopin's GAIN-HBT(R) platform. The agreement also facilitates the companies' continued collaboration to improve yields to drive down costs and to expand into new products.

"Skyworks has been our valued customer and partner for many years, and our relationship has proved extremely successful," said Dr. John C.C. Fan, Kopin president and chief executive officer. "The rapid growth of advanced multi-mode phones requiring multiple power amplifiers, combined with an increasing cell phone user base, bodes well for healthy growth in HBT power amplifier markets. Our mission is to maintain Kopin's lead in providing our partners with the best quality, consistency, capacity and technical advances in III-V epitaxial materials."

"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. Our efforts have been very successful, and we presented Kopin with our Best Supplier Award last year. 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."

Kopin has shipped more than 900,000 HBT wafers worldwide. To meet the growing demand for Kopin III-V products, the Company installed three of the most advanced MOCVD manufacturing tools in 2006 at one of Kopin's two production facilities in Massachusetts. These tools are now fully qualified and are supplying production wafers. Kopin also has qualified its Taiwan-based affiliate, KTC, to supply additional wafers to Skyworks.

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

Safe Harbor Statement

Statements in this news release about the extension of purchase and supply contract with Skyworks Solution, Inc. may be considered "forward-looking" under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These include statements relating to the healthy growth in the HBT power amplifier market and the growing demand for Kopin III-V products. 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, 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; 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
             Richard Sneider, 508-824-6696
             CFO
             rsneider@kopin.com
             or
             News Media Relations
             RDW Group, Inc.
             Dave McDermitt, 617-235-5812
             VP
             dmcdermitt@rdwgroup.com

    SOURCE: Kopin