Kopin to Enter the OLED Microdisplay Market for Mobile VR and AR with New Technology and Business Model


New Approach creates first fully Fabless OLED microdisplay modeland
Technology Breakthrough in Speed and Power

Kopin® Corporation (Nasdaq:KOPN), a leading developer and
provider of innovative wearable technologies and solutions for mobile
virtual reality, augmented reality, and wearable computing systems,
today announced the entry into the fast growth OLED microdisplay market
with first product demonstrations to be shown at CES 2017.

Most mobile virtual reality (VR) systems use smartphone-size panels on
glass and large optics, resulting in bulky, heavy, power hungry
solutions. In addition, the display resolution of the smartphone panels
is not sufficient for the large field of view required for VR, resulting
in poor image quality with screen door effect. OLED microdisplays based
on Si backplane are much smaller, yet offer higher resolution, and use
more compact optics, providing the potential for smaller, lighter, more
power efficient VR headset solutions with smooth image and low latency.

Recognizing this value proposition, Kopin has developed a novel silicon
backplane structure to drive high-speed OLED-on-silicon microdisplays
for truly immersive VR systems without those size, weight and power
constraints of today’s direct view products. Kopin’s OLED microdisplay,
protected by 10 patents pending, is an ultra high resolution, high
speed, low power and small form factor display that delivers a superior
user experience for mobile and wearable systems.

OLED-on-silicon microdisplays consist of two key elements: the silicon
backplane and the OLED emissive layer. What is unique about Kopin’s
business model is that both of these manufacturing operations are
outsourced to dedicated foundries, while the design expertise resides
within Kopin. It is the first fully fabless OLED microdisplay business

“Kopin has been one of the largest and most successful suppliers of
microdisplay systems with over 30 million AMLCD and LCOS products
shipped,” said Dr. John C.C. Fan, Kopin’s CEO and founder. “With the
addition of OLED microdisplays and modules to our product portfolio, we
now offer our customers a variety of display technologies and optics,
enabling our customers to evaluate different designs to create the
optimal product of their targeted application.”

According to IDTechEx, OLED microdisplays will see a strong 15% CAGR
growth rate over the 2015-2025 timeframe. “And we aim to capture a nice
portion of this growth,” added Fan, “as our OLED microdisplays are
specifically tailored to take advantage of growth in virtual, augmented
and mixed reality applications.”

Experience Kopin’s OLED microdisplay at CES 2017

Kopin invites senior executives from virtual reality, augmented reality,
wearables and smartphone companies to private demonstrations at Kopin’s
CES 2017 suite at The Palazzo, located at 3325 S. Las Vegas Blvd., or in
Kopin’s booth in the Augmented Reality pavilion in Booth #26035, at the
Las Vegas Convention Center South Hall. To schedule a private meeting,
please contact Kopin at events@kopin.com.

In addition to OLED microdisplays, Kopin’s Whisper Voice Chip, Solos
smart sunglasses and Black Pupil LCD display module will be among the
Kopin products displayed on the CES show floor l. Additional information
about Kopin at CES is available at events@kopin.com.

About Kopin

Kopin Corporation is a leading developer of innovative wearable
computing technologies and solutions. Kopin’s technology portfolio
includes ultra-small displays, optics, speech enhancement technology,
software, low-power ASICs, and ergonomically designed smart headset
concept systems. Kopin’s proprietary components and technology are
protected by more than 300 global patents and patents pending, with more
than 95% related to wearable technologies. For more information, please
visit Kopin’s website at www.kopin.com.

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 expectation the OLED microdisplay market is
in fast growth and our aim to capture a nice portion, IDTechEx, OLED
microdisplays projected 15% CAGR growth rate over the 2015-2025 time
frame. 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: there may not be demand for our
micro OLED products; our micro OLED technology may not perform as we
expect; there may be issues that prevent the adoption or our micro OLED
technology; manufacturing, marketing or other issues may prevent either
the adoption or acceptance of our products; the Company might be
adversely affected by competitive products and pricing; new product
initiatives and other research and development efforts may be
unsuccessful; manufacturing delays, technical issues, economic
conditions or external factors may prevent the Company from achieving
its goals; we could be delayed in shipping some of our 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 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.

Press Contacts:
Vetrano Communications
Figlioli, 203-625-0082


Kopin Investor Relations
Sneider, 508-870-5959

Street Partners

JoAnn Horne, 415-445-3233