Kopin Enters Into Strategic Relationship With Goertek Inc.

Kopin Corporation (Nasdaq:KOPN),
a leading developer of innovative wearable computing technologies and
solutions, today announced it had entered into a strategic relationship
with Goertek Inc. (“Goertek”), a leading innovative global technology
company headquartered in Weifang China that provides vertically
integrated total solutions and services to globally-renowned companies
such as Samsung, Sony, Microsoft, Huawei and Xiaomi to name a few.

Under the terms of the stock sale agreement, Kopin will sell 7,339,000
shares of Kopin’s common stock to Goertek for US $23,851,750 ($3.25 per
share). This represents approximately 9.8% of Kopin’s total outstanding
shares of common stock. In addition Kopin and Goertek have entered into
agreements to jointly develop and commercialize a range of technologies
and wearable products. The goal of the partnership is to utilize
Goertek’s industry-leading expertise in design and manufacturing to
further develop and sell a range of wearable products incorporating
Kopin technologies and components.

“Our partnership with Goertek will enable Kopin to leverage their world
class capabilities to commercialize our innovative components and
further improve our system products,” said Dr. John C.C. Fan, Kopin’s
President and CEO. “In addition to our transmissive and reflective LCD
products, we have developed our industry-leading Whisper^®
Voice Chip and most recently announced our OLED Lightning^TM
microdisplay with 2048 x 2048 resolution with unique Pantile™ Optics
which we will demonstrate at CES 2017 this week. We will work with
Goertek to incorporate our Whisper Voice Chip and Lightning display into
the product designs Goertek provides to its customers. We will also work
closely with Goertek to develop system products for consumer mobile
augmented reality (AR) and virtual reality (VR) markets.”

“We are excited with this strategic relationship with Kopin which has
innovative technologies and products,” said Long Jiang, Goertek’s CEO.
“Goertek is the world’s leading designer and manufacturer of VR/AR and
other wearable products. This partnership with Kopin will enable us to
provide our customers and partners with cutting edge technologies and
products for better performance and designs in the fast growing wearable
market.”

The stock sale is subject to standard closing conditions and is
scheduled for completion by January 27, 2017.

About Goertek

Goertek Inc. was established in June 2001, and listed on the Shenzhen
Stock Exchange in May, 2008. As a leading innovative high-tech company,
Goertek’s main focuses consist of R&D, production and sales of
electro-acoustic components, optical components, and smart hardware
system products. Goertek provides vertically integrated total solutions
and services to globally-renowned consumer electronics companies.
Goertek is one of the main high-end VR/AR ODM solutions providers in the
world.

Since Goertek’s establishment in 2001, Goertek has high performance with
a consistent and rapid growth rate. By the end of 2015 sales revenue had
exceeded over 13.7 billion RMB (total assets 19.2 billion RMB). By
market share, Goertek is a top ranked company in the miniature
microphone. For more information, please visit Goertek’s website at www.goertek.com.

About Kopin

Kopin Corporation is a leading developer and provider of innovative
wearable technologies and solutions for integration into head-worn
computing and display systems to military, industrial and consumer
customers. Kopin’s technology portfolio includes ultra-small displays,
optics, speech enhancement technology, system and hands-free control
software, low-power ASICs, and ergonomically designed smart headset
reference systems. Kopin’s proprietary components and technology are
protected by more than 300 global patents and patents pending. For more
information, please visit Kopin’s website at www.kopin.com.

Kopin, Whisper, Lightning, Pantile, and Solos are trademarks of Kopin
Corporation.

Forward-Looking Statements

Statements in this press release may be considered “forward-looking”
statements under the “Safe Harbor” provisions of the Private Securities
Litigation Reform Act of 1995. These include, without limitation,
statements relating to our statement that under the terms of the stock
sale agreement the Company will sell 7,339,000 shares of the Company’s
common stock for $23,851,750 ($3.25 per share); the Company and Goertek
have entered into agreements to jointly develop and commercialize a
range of technologies and wearable products; the goal of the partnership
is to utilize Goertek’s industry leading expertise in design and
manufacturing to further develop and sell wearable products
incorporating the Company’s technologies and components; the Company’s
partnership with Goertek will enable the Company to leverage Goertek’s
world class capabilities to commercialize the Company’s innovative
components and further improve the Company’s system products; the
Company will work with Goertek to incorporate its Whisper Voice Chip and
Lightning display into the product designs Goertek provides to its
customers; the Company will also work closely with Goertek to develop
system products for consumer mobile AR and VR markets; and the
accelerating growth Goertek sees in the sale of wearable products. 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, the following: The sale of the stock to Goertek may
not be completed; the Company and Goertek may not develop or
commercialize any technology or products; the partnership may not
develop and or sell wearable products based on the Company’s
technologies and components; Goertek may not incorporate the Company’s
components, Whisper Voice chip or Lightning Display in the product
designs it provides to its partners and customers; the Company and
Goertek may not develop system products for consumer mobile AR and VR
markets; the wearable market may not grow fast;it may take
longer than the Company estimates to develop products; the Company’s
products may not be accepted by the market place; there may
be issues that prevent the adoption or further development of the
Company’s wearable computing technologies; manufacturing,
marketing or other issues may prevent either the adoption or acceptance
of products; the Company might be adversely affected by competitive
products and pricing; new product initiatives and other research and
development efforts may be unsuccessful; the Company could experience
the loss of significant customers; costs to produce the Company’s
products might increase significantly, or yields could decline;
the Company’s 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 goals; 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, 2015, and the Company’s
subsequent filings with the Securities and Exchange Commission. You
should not place undue reliance on any forward-looking statements, which
are based only on information currently available to the Company and
only as of the date on which they are made. The Company undertakes no
obligation to update any of these forward-looking statements to reflect
events or circumstances occurring after the date of this release.

View source version on businesswire.com: http://www.businesswire.com/news/home/20170103005395/en/

For Product Information:
Kopin Corporation
Paul Baker,
508-870-5959
VP Business Development
pbaker@kopin.com
or
For
Investor Relations
Kopin Corporation
Richard Sneider, 508-870-5959
Treasurer
and Chief Financial Officer
rsneider@kopin.com
or
Market
Street Partners
Joann Horne, 415-445-3233
JHorne@marketstreetpartners.com