NASDAQ: KOPN $ 3.28 +0.02( +0.61%) Volume: 234,780 January 19, 2018 20 min delay

Kopin Announces Multi-Year Order of AIXTRON MOCVD Systems to Support Growing Demand for Wireless Devices

05/11/2010

TAUNTON, Mass.--(BUSINESS WIRE)-- Kopin(R) Corporation (Nasdaq: KOPN), the world's leading producer of hetero-junction bipolar transistors (HBT) for smart phones and other mobile devices and the largest U.S. manufacturer of micro-displays for consumer, industrial and military applications, today announced that Kopin and AIXTRON AG (FSE: AIXA; NASDAQ: AIXG) have completed a multi-year purchase and supply agreement for additional AIXTRON high-volume metal organic chemical vapor deposition (MOCVD) systems. This investment supports Kopin's latest capacity ramp to meet consumers' insatiable appetite for smart phones, e-books and a multitude of other wireless communication devices.

"These new AIXTRON systems are the most advanced multi-wafer machines for HBT manufacturing," said Dr. John C.C. Fan, Kopin's president and chief executive officer. "They will enable us to further increase our 6-inch wafer capacity to meet the rapidly increasing customer demand for more devices, as well as for more complex device structures required for smart phones. For the past few years, we have been using the same type of systems for manufacturing 6-inch wafers. We have gained tremendous know-how that has enabled us not only to increase throughput and yield, but to achieve better and more consistent device performance. We believe that the purchase of the same advanced manufacturing platform will further shorten the time to manufacturing and increase our operational efficiency and consistency."

Paul Hyland, president and chief executive officer of AIXTRON, stated, "We are very pleased that Kopin has again selected our 7x6-inch 'Integrated Concept (IC) Platform' tool to meet the company's growing demand. Our relationship with Kopin is now in its second decade, and we are excited that our technology and services remain a key part of Kopin's wafer manufacturing platform. Our two companies have supported the MOCVD industry for more than 20 years, and our focus and technology continue to lead the market with new products which are well positioned to meet this newest wave of wireless expansion around the world."

Kopin first installed AIXTRON's 7x6 IC tools in its Taunton, Massachusetts manufacturing facility four years ago to fully develop and optimize the tools' performance with its proprietary HBT, BiFET (Bipolar - Field Effect Transistor), pHEMT (Pseudomorphic High Electron Mobility Transistor) and BiHEMT (Bipolar - High Electron Mobility Transistor) manufacturing processes. The first two systems of this newest multi-year order will be installed at Kopin Taiwan Corporation (KTC) in Hsinchu Science Park, Taiwan by the end of this year. As previously announced, Kopin expanded its investment in KTC in August 2009, and since that time has been expanding capacity and capability at this facility.

"Over the past two years, we have executed our plan to support our customers' conversion to 6-inch wafers from 4-inch wafers, expanded our III-V product offerings to pHEMT and BiHEMT, and successfully achieved a 50 percent increase in overall manufacturing capacity," stated Daily Hill, Kopin's Senior Vice President and General Manager of the III-V Group. "This newest tool order with AIXTRON starts our next plan for an additional 50 percent capacity expansion in our facilities in the U.S. and Taiwan. The reliability and precision of these AIXTRON tools, coupled with Kopin's proprietary recipes and manufacturing expertise, create the highest yielding, most technologically advanced product wafers. Our newest capacity expansion plan will ensure that Kopin continues to deliver world-class customer support to our valuable partners throughout the wireless industry."

About AIXTRON

AIXTRON AG (FSE: AIXA, ISIN DE000A0WMPJ6, ISIN DE000A1DAHX7; NASDAQ: AIXG, ISIN US0096061041) is a leading provider of deposition equipment to the semiconductor industry. The Company's technology solutions are used by a diverse range of customers worldwide to build advanced components for electronic and opto-electronic applications based on compound, silicon, or organic semiconductor materials and more recently carbon nanostructures. Such components are used in display technology, signal and lighting technology, fiber communication networks, wireless and cell telephony applications, optical and electronic data storage, computer technology as well as a wide range of other high-tech applications. AIXTRON AG's securities are listed on the Frankfurt Stock Exchange and, in form of American Depositary Shares (ADS), on the Global Market of the NASDAQ Stock Market, and are included in the TecDAX index, the NASDAQ Composite Index, the MSCI World Small Cap Index, the Nature Stock Index (NAI) and the Dow Jones Stoxx 600. Founded in 1983, the Company is headquartered in Herzogenrath, Germany.

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 30 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" statements under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995, including without limitation, statements made relating to: the expectation that the new AIXTRON systems will increase the Company's 6-inch wafer capacity to meet the rapidly increasing customer demand for more devices, as well as more complex device structures required for smart phones; shortened time to manufacturing and increased operational efficiency and consistency expected with the purchase of the same advanced manufacturing platform; the projection that the first two systems of this newest multi-year order will be installed at Kopin Taiwan Corporation (KTC) by the end of this year; the expectation that the reliability and precision of the new AIXTRON tools, coupled with Kopin's proprietary recipes and manufacturing expertise, will create the highest yielding, most technologically advanced product wafers; Kopin's newest capacity expansion plan which will ensure Kopin continues to deliver world-class customer support to its valuable partners. 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 a decline in, no growth in or a decline in the rate of growth of the markets we sell our products into, a decline in the adoption of smartphones, demand for our products declines, operational, marketing, technical or other issues at KTC prevent us from selling products; competitive products and pricing; the risk that new product initiatives and other research and development efforts may not be successful; the loss of significant customers; 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