Kopin Corporation Receives Notice From NASDAQ Due to Delay in Filing of Form 10-Q


Kopin Corporation (NASDAQ: KOPN) today announced that on November 15,
2016 it received a NASDAQ Staff Determination letter indicating that the
Company is not in compliance with NASDAQ Marketplace Rule 5250(c)(1)
because it did not timely file its Quarterly Report on Form 10-Q for the
quarter ended September 24, 2016. The notice also indicated that Kopin’s
common stock is subject to delisting from The NASDAQ Global Market
unless Kopin provides a plan within 60 calendar days to NASDAQ
Qualifications Panel to regain compliance. If Kopin is unable to
complete its investigation and file its Form 10-Q within 60 days it will
file a plan on how it expects to regain compliance. However, there can
be no assurance that the panel will grant Kopin’s request for continued
listing of its common stock.

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.

Safe Harbor Statement

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 statements relating to:
Kopin’s decision to request a hearing to review the NASDAQ Staff
Determination letter; Kopin’s intention to file its Quarterly Report on
Form 10-Q for the period ended September 24, 2016 after the
investigation is concluded; and the possible delisting of Kopin’s common
stock from The NASDAQ Global Market. These statements involve a number
of risks and uncertainties that could materially affect future results.
These risk factors include, but are not limited to: the potential that
Kopin may be unsuccessful in completing its investigation and filing its
Form 10-Q within 60 days and if it files a plan its plan may not be
accepted by the NASDAQ Listing Qualifications Panel; that the NASDAQ
Listing Qualifications Panel may not grant the Company’s request for
continued listing of its common stock; the timing and outcome of the
investigation of the possible embezzlement; 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.

Kopin Corporation
Richard Sneider, 508-870-5959
and Chief Financial Officer
Street Partners
Joann Horne, 415-445-3233