Kopin Corporation Divests Interest In Recon Instruments


(NASDAQ:KOPN) a leading developer of innovative wearable
computing technologies and defense solutions, today announced it had
divested its equity interest in Recon Instruments (Recon) as part of
Intel Corporation’s acquisition of Recon.

“We were an early investor and are a long time supplier of displays to
Recon and have shared their vision for head mounted wearable
technologies,” said Dr. John C.C. Fan, President and CEO. “Their
acquisition by Intel is further evidence to us that the head mounted
wearable technology segment will grow significantly. We believe this
transaction will allow Recon to capitalize on their talents and

Kopin anticipates that it will receive approximately $6 million in cash
proceeds for its equity interest, subject to certain closing conditions
including a working capital adjustment.

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.

Forward-Looking Statements

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, without limitation,
statements relating to significant growth in head mounted wearable
technology segment and receipt of the $6 million in cash proceeds for
its equity interest. 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
wearable technology segment may not grow or if it does we may be unable
to participate in the growth; final closing proceeds may be more or less
than $6 million; 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; and the Company’s customers
might be unable to ramp production volumes of its products; 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 27, 2014, 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 Corporation
Richard Sneider, 508-870-5959