“Eagle” Mobile Theater Receives 2018 CES Innovation Award
Kopin Corporation (NASDAQ:KOPN)Hometheater isn’t just
for the home anymore. Kopin Corporation (Kopin) and Pico Interactive
have partnered to showcase a new jointly developed wearable device,
codenamed “Eagle,” that enables a home theater entertainment experience
on the go.
The Eagle, a recipient of a CES 2018 Innovation Award, is a lightweight
mobile headset featuring over-ear noise cancelling headphones and a
removable high-definition OLED display band. The display system provides
the equivalent of an 80 inch screen viewed from ten feet away while
still maintaining awareness of your surroundings, an essential condition
in a mobile environment. The video input will be provided via cable from
a smart phone. The Eagle prototype will be on display at Kopin’s CES
2018 suite at The Palazzo.
Eagle will be manufactured, marketed and distributed by Qingdao Yueshi
Technology Co. Ltd, a newly created subsidiary of Beijing-based Pico
Interactive, an innovative VR solutions developer dedicated to providing
premium gaming and content viewing experiences. The Eagle will initially
be marketed in China.
Kopin, a leading developer of innovative wearable computing technologies
and solutions, has provided the Eagle concept design to Pico and
supplied optical modules including its Lightning™ 720p OLED
microdisplay, which delivers 1280 x 720 resolution in a 0.49-inch
diagonal size. Kopin is also taking an equity stake in Qingdao Yueshi
Technology Co. Ltd.
The partnership represents a continuation of Kopin’s strategy to create
purpose-built product concepts, license those concepts to manufacturers
and brands, and provide innovative components to enable cutting-edge
performance. Kopin has recently executed similar arrangements with
Lenovo New Vision and other companies.
“Today we unveil the fruits of our partnership with Pico Interactive – a
truly game-changing experience that finally lets people bring that home
theater experience anywhere they go,” said Dr. John C.C. Fan, Kopin’s
President and CEO. “Whether you’re a sports enthusiast who can’t miss
the game, in the middle of binge watching a season of your latest
favorite show, or a commuter looking to pass time watching YouTube
videos, consumers can enjoy their video content on the go without the
compromises of watching on a tiny phone screen.”
“By combining Kopin’s technologies and expertise with our high-end
audio, manufacturing and marketing capabilities, we can deliver a
fantastic new experience for consumers,” said Henry Zhou, CEO of Pico
Interactive. “Kopin’s innovative designs and powerful components have
allowed us to create a new product that will truly disrupt mobile
entertainment. Eagle meets a real market need, and Pico will continue to
explore additional innovative new products with Kopin’s industry-leading
microdisplays and concept designs.”
About Pico Interactive
Founded in 2015, Pico has over 300 team members around the world, all
focused on creating amazing VR, AR and Imaging platforms for businesses
and consumers alike. Operating under the guiding principle of “user
first design,” Pico has led the VR industry in developing and
implementing AIO (all-in-one) VR Headsets. With several first to market
products, Pico has consistently delivered a better VR hardware
experience for end users. With operations in China, the United States,
Europe and Japan, Pico is able to provide customers with local support
and guidance for their VR applications and programs. For more: https://www.pico-interactive.com.
About Kopin
Kopin Corporation is a leading developer and provider of innovative
wearable technologies and critical components for integration into
wearable computing systems for military, industrial and consumer
products. Kopin’s technology portfolio includes ultra-small displays,
optics, speech enhancement technology, voice-interface 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 and Lightning 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 our expectations that the Eagle will be
manufactured, marketed and distributed by a newly created subsidiary,
Qingdao Yueshi Technology Co. Ltd; the Eaglewill initially be
marketedin China and Kopin is providing optical modules
including its Lightning™ 720p OLED microdisplay. 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 Eagle prototype may not be manufactured, marketed
or offered for sale in China or anywhere else; Kopin may not provide
optical modules including its Lightning™ 720p OLED microdisplay for the
Eagle or other products; there may be no demand for the Eagle; Kopin’s
Lightning™ 720p OLED microdisplay may have technical or manufacturing
issues which prevent its sales;the partnership may be unable to
bring new products to the market; the partnership may be terminated;manufacturing,
marketing or other issues may prevent either the adoption or acceptance
of the Eagle or other products; and other risk factors and cautionary
statements listed in Kopin’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 31,
2016, and Kopin’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
Kopin and only as of the date on which they are made. We undertake 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/20180105005235/en/
Kopin Media Contacts:
Lightspeed PR
Michael Farino, 949-346-1984
Michael@lightspeedpr.com
or
Kopin
(HK) Limited
Kenny Cheung, 852-2607-4151
Kenny_cheung@kopin.com.hk
or
Pico
Interactive Media Contact:
Pico Interactive, Inc.
Will
Winston
will@pico-interactive.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