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Kopin Announces $27M Follow-On Military Order for TWS Eyepiece

04/07/2010

TAUNTON, Mass., Apr 07, 2010 (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 $27M follow-on production order of eyepieces for the U.S. Army's Thermal Weapon Sight Bridge (TWS-IIB) program. This order, to be fulfilled over a two-year period, supports continued production of a high-performance eyepiece that has been fully qualified recently in the TWS-IIB program after thorough testing in harsh battlefield environments. The same eyepiece is being demonstrated at the International Defense, Security, and Sensing Symposium in Orlando, Florida this week.

"This follow-on order from one of our customers is a testament to the quality of our display system products," said President and Chief Executive Officer Dr. John C. C. Fan. "The combination of our advanced display technology with our proprietary electro-optical system design and manufacturing processes, which include minimizing the generation of and screening for foreign particles and extensive testing for shock, vibration and environmental stress, results in the industry's most robust thermal weapon sight eyepiece."

Kopin's TWS-IIB eyepiece is based on the Company's patented low-power CyberDisplay(R) 640M LVR display. This industry-leading low-power display is specifically designed to operate at temperatures as low as -40°C with nearly 'Instant-On' capability, an unprecedented achievement for liquid crystal displays, and yet enables the complete eyepiece system to dissipate less than 155 mW during normal video operation. Imaging system performance is consistent over the entire military temperature range, eliminating complex compensation algorithms required by other types of displays. The unit has been qualified on the entire family of Light, Medium, and Heavy Thermal Weapon Sights (LTWS, MTWS, HTWS) for an array of weapons including the M14, M4, M2, M24, M249, and M240.

"This follow-on order calls for the delivery of eyepieces beginning early this quarter," stated Michael Presz, the Company's Vice President of Government Programs. "We believe this is the first of many orders that leverage our extensive investment in class-10 cleanroom high level assembly facilities with extensive environmental testing capability and our low-power 'Instant-On' displays."

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 $27M follow-on production order of eyepieces for the U.S. Army's Thermal Weapon Sight Bridge (TWS-IIB) program which is expected to be fulfilled over a two-year periodand the Company's expectation that this is the first of many orders that leverage the extensive investment we made in 2009 in our class 10 clean room HLA facilities. 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 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)

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SOURCE: Kopin

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