NASDAQ: KOPN $ 3.36 -0.06( -1.75%) Volume: 406,807 June 19, 2018 20 min delay

Kopin Wins $23.2 Million in Follow-On Orders for U.S. Army’s Thermal Weapon Sight Program

06/16/2011

Superior Products Used In Mission-Critical Night Operations Drive Demand

TAUNTON, Mass.--(BUSINESS WIRE)-- Kopin® Corporation (NASDAQ: KOPN), the leading U.S. manufacturer of display systems for mobile consumer and military applications, today announced it has been awarded $23.2 million in follow-on production orders for display systems in support of U.S. Army’s Thermal Weapon Sight Bridge (TWS-IIB) program. These orders, with some potential upside, support continued production requirements for Light, Medium, and Heavy Thermal Weapon Sights in the TWS-IIB program for a broad array of weapons.

“These orders from all of the TWS-IIB prime contractors are a testament to the superior quality and reliability of our display system products,” said Kopin President and Chief Executive Officer Dr. John C. C. Fan. “Our proprietary display technologies, electro-optical system designs and manufacturing processes result in the highest performance display system for thermal weapon sights, which are used in mission-critical night operations around the world, including Afghanistan and Pakistan.”

Kopin’s TWS-IIB display products are based on the Company’s patented low-power CyberDisplay® 640M display. Depending upon the configuration, the displays are provided with controller electronics and lens assemblies that optimize overall system performance. Kopin display products’ performance is consistent over the entire military temperature range, eliminating complex compensation algorithms required by other types of displays.

“These follow-on orders call for the delivery of display modules and complete eyepiece assemblies beginning late this quarter and continuing over the next 12 months,” stated Michael Presz, the Company’s Vice President of Government Programs. “The proven performance, reliability and low life-cycle costs of our display products when subjected to the rugged environments of the battlefield are unsurpassed.”

About Kopin

Kopin Corporation’s voice-activated, wireless, hands-free Golden-i® mobile computing headsets, lightweight, power-efficient, ultra-small liquid crystal displays and heterojunction bipolar transistors (HBTs) 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, CyberDisplay, Golden-i, and The NanoSemiconductor Company are trademarks of Kopin Corporation.

Safe Harbor Statement

Statements in this news release relating to the $23.2 million follow-on production orders of display modules and complete eyepiece assemblies for the U.S. Army’s Thermal Weapon Sight Bridge (TWS-IIB) program, some potential upside to the orders, and the expectation that these display modules and eyepiece assemblies will be delivered over the next 12 months commencing at the end of this quarter may be considered “forward-looking” statements under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. 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 could lose qualification by the U.S. Army; the Thermal Weapon Sight program could be cancelled; manufacturing, marketing or other issues could 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 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 25, 2010, 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®

Source: Kopin Corporation