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Kopin Announces $16M Follow-On Order of Display Modules for Thermal Weapon Sights

06/09/2010

TAUNTON, Mass.--(BUSINESS WIRE)-- Kopin(R) Corporation (NASDAQ: KOPN), the largest U.S. manufacturer of display systems for mobile consumer and military applications, today announced it has received a $16M follow-on production order of display modules for the U.S. Army's Thermal Weapon Sight (TWS) program. This order, to be fulfilled over a 15-month period starting this September, supports continued production of Kopin's high-performance 640M display module for the Light, Medium, and Heavy Thermal Weapon Sights (LTWS, MTWS, HTWS).

"This follow-on order is a result of our market-leading position for this critical component to the U.S. military," said President and Chief Executive Officer Dr. John C. C. Fan. "The reliability of our display module has been proven in the substantial volume of thermal weapon sights deployed over the past few years, which is a result of our extensive testing including shock and thermal cycling. This order, combined with the $27 million TWS eyepiece order from another key customer we announced in April, further strengthens our military business. We look forward to additional orders to follow for our products used in thermal weapon sights."

Kopin's 640M display module consists of the company's CyberDisplay(R) 640M LCD micro-display, backlight and control electronics packaged in a robust sealed housing to prevent foreign particles. The CyberDisplay 640M display with 640 x 480 (VGA) monochrome pixels in a compact 0.38" diagonal size is manufactured in the class-10 clean room facility at Kopin's Display Manufacturing Center in Westborough, MA. The 640M display module is integrated and tested in Kopin's high level assembly (HLA) manufacturing facility in Taunton, Mass. The HLA facility was commissioned in April of 2008 and is dedicated to the integration, test and delivery of high level display systems for DoD applications. The facility housed in a class-10 clean room for minimizing the generation of foreign particles has extensive capabilities in environmental stress screening (ESS), shock and vibration.

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, 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 include statements relating to the $16M follow-on production order of display modules for the U.S. Army's Thermal Weapon Sight (TWS) program which is expected to be fulfilled over a 15-month period; and the Company's expectation to get additional orders for products used in thermal weapon sights.. 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. These risks and uncertainties include, but are not limited to, our eyepiece products lose qualification by the U.S. Army, the thermal weapon sight program could be cancelled, manufacturing, marketing or other issues that may prevent either the production, adoption or rapid acceptance of products; competitive products and pricing; the loss of significant customers; the potential that costs to produce the Company's micro-display technology will increase significantly, or that yields will decline; the potential that military programs involving Kopin's products will be delayed or cancelled; the potential that the Company's military customers might be unable to ramp production volumes of their products; manufacturing delays, technical issues, economic conditions or external factors that may prevent the Company from achieving its forecasts; 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 26, 2009, and the Company's subsequent filings 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 circumstances occurring after the date of this report.

Kopin - The NanoSemiconductor Company(R)


    Source: Kopin Corporation