NASDAQ: KOPN $ 3.04 -0.02( -0.65%) Volume: 149,893 July 13, 2018 20 min delay

Kopin Adds Key Technical Talent to Meet Growing Business Demands

04/26/2010

TAUNTON, Mass., Apr 26, 2010 (BUSINESS WIRE) --Kopin(R) Corporation (Nasdaq: KOPN), the largest U.S. manufacturer of micro-displays for consumer, industrial and military applications and the world's leading producer of hetero-junction bipolar transistors (HBT) for smart phones and other mobile devices, today announced the additions of Dr. Patrick Chin as Vice President of Technology of Kopin Taiwan Corporation (KTC) and Mr. Mark Stovall as General Manager of its Application and Design Center in Scotts Valley, California to support continued growth in both product lines.

"Dr. Chin will lead KTC's technical efforts to support the increasing demand from Taiwan-based customers and to augment Kopin's domestic capabilities," stated Daily Hill, Kopin's Senior Vice President and General Manager of the III-V Group. "Kopin is experiencing growth drivers from both the rapid adoption of smart phones around the world and increased market penetration in Asia. Dr. Chin's strong technical background in HBT and HEMT products is a tremendous asset for Kopin in developing the next generation of products to support the continuously expanding capabilities of wireless devices. In addition, Dr. Chin's strong technical leadership will be an important element to ensure Kopin meets our customer's expectations of the highest quality products from Kopin."

Dr. Chin was most recently with Solapoint in Taiwan as Vice President of Advanced Technology in charge of development and integration for photovoltaic production and wafer foundry business. Previously, he worked at Northrop Grumman Space Technology as Semiconductor Materials Department Manager, leading a group of 40 people including 7 Ph.D. engineers for the production and development of a variety of III-V devices, at OEpic Inc. and TRW Space Electronics. He has co-authored more than 60 technical publications in the field of III-V semiconductors and holds three U.S. patents.

Mr. Stovall joins Kopin from BAE Systems, with more than 20 years of experience in managing U.S. Army and Marine Corps programs including the Mine Resistant Armor Protected Vehicle, the Bradley Fighting Vehicle and U.S. Marine Corps Amphibious Assault Vehicle.

"A strong current trend in outsourcing solution-based projects by key defense companies continues to increase the number of opportunities for our military products," stated Michael Presz, Kopin's Vice President of Government Programs. "Mr. Stovall's vast experience in proposal preparation and management of Department of Defense (DOD) programs will be instrumental is responding to the fast-paced development programs we are currently engaging."

"The markets we serve are growing significantly and our customers are demanding increased technical and manufacturing support from us," said President and Chief Executive Officer Dr. John C.C. Fan. "Strong management and technical resources are one of key components for our continued growth strategy. The addition of these two important leaders and the three technical personnel we announced recently represents the execution of this strategy. Together with our continual installation of advanced equipment and facilities, we are well positioned for the rapidly growing opportunities."

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: supporting the growth in both product lines; Kopin experiencing grow drivers from both the rapid adoption of smart phones around the world and increased market penetration in Asia; a strong trend in outsourcing solution-based projects by key defense companies to continues to increase the number of opportunities for the Company's military products; and Kopin's expectation that it is well positioned for rapid growth opportunities.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 in Asia, operational, marketing, technical or other issues at KTC prevent us from selling products,a decline in defense spending by the Department of Defense, our customers choosing to collaborate with competitors is submitting bids for Department of Defense contracts, we donot win the Department of Defense contracts we bid and or propose on, manufacturing, marketing or other issues that may prevent either the adoption or rapid acceptance of 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; the potential that costs to produce the Company's microdisplay 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

Investor Relations
Kopin Corporation
Richard Sneider, 508-824-6696
CFO
rsneider@kopin.com
or
News Media Relations
RDW Group, Inc.
Lauren Howe, 401-553-5106
Senior Account Executive
lhowe@rdwgroup.com