Kopin Corporation Provides Preliminary 2014 Revenue Results Exceeding Expectations


Company On Track For Aggressive Implementation of Wearables Strategy
in 2015

Kopin Corporation (NASDAQ:KOPN), a leading developer of innovative
wearable computing technologies and solutions, today provided a
preliminary update on its business initiatives and revenues for the
fiscal year ended December 27, 2014.

Kopin expects revenue for fiscal year 2014 to be at least $30.0 million,
significantly above the Company’s previously stated guidance of $24.0
million to $28.0 million.

“2014 was a solid year as we finished with strong revenues and
established Kopin as a leading provider of wearable technologies,” said
Dr. John Fan, Kopin’s President and Chief Executive Officer. “We made
strong progress in developing critical components and solutions for
Wearables. We have completed the construction of new product line
capabilities at our Westborough location, providing the promised
additional production capacity. We are now aggressively hiring to staff
this site and meet the growing demand for our wearable products and
solutions. Meanwhile, we made significant progress with some of the
world’s leading players in the growing wearables space and we look for
these partnerships to begin bearing fruit this year.”

Dr. Fan continued, “We are very excited about Kopin’s opportunity as we
are uniquely positioned with our products, wearable system know-how and
strong IP portfolio to capitalize on this huge, emerging market. Perhaps
most importantly, we look for our revenues from wearable customers to
ramp significantly in 2015.”

About Kopin

Kopin is a leading developer and provider of innovative wearable
technologies and solutions. Kopin’s technology portfolio includes
ultra-small displays, optics, speech enhancement technology, software,
low-power chipsets, and ergonomically designed headset computing
systems. Kopin’s proprietary components and technology are protected by
more than 250 global patents and patents pending. For more information,
please visit Kopin’s website at www.kopin.com.

Kopin, Pupil and Golden-i are trademarks of Kopin Corporation.

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 construction of additional production
capabilities at Kopin Corporation’s (“we”, “our” or “the
Company”) Westborough site; the Company’s expectation that its full-year
2014 revenue will be at least $30 million
; and our belief that
wearables revenues will ramp significantly in 2015. 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: it may take longer than the Company estimates to
develop products; the Company’s products
 may not be accepted
by the market place; the Company’s 2014 and 2015 financial expectations
may turn out to be wrong; there may be issues that prevent the adoption
or further development of the Company’s wearable computing technologies;
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
the Company’s customers might be unable to ramp production volumes of
its products, or the Company’s product forecasts could turn out to be
wrong; manufacturing delays, technical issues, economic conditions or
external factors may prevent the Company from achieving its financial
guidance; 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
are based only on information currently available to the Company and
speak 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.

Kopin Corporation
Richard Sneider, 508-870-5959
Treasurer and
Chief Financial Officer
Street Partners
Jacob Moelter, 415-445-3235