Kopin Expands into India Defense Market with Third Production Order Supporting Mounted and Handheld Thermal Vision Systems

WESTBOROUGH, Mass.–(BUSINESS WIRE)–Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical solutions and high-performance microdisplays for defense, enterprise, consumer, and medical products, has further expanded its customer base by receiving a third production order for its Organic Light Emitting Diode (OLED) microdisplays, for use in thermal imaging vision systems – both mounted and handheld for Indian Armed Forces. Under the terms of the latest production order for over 1,200 units, deliveries take place over a six-month time span.

Kopin’s highly efficient OLED microdisplays are ideal for portable thermal imaging vision systems, because of their ultra-compact size and low power, which makes them suitable for mobile battery-powered applications. The high-resolution display provided in this order will deliver essential information to end users and provide them with additional situational awareness and a performance advantage.

“We are pleased to add international thermal imaging applications to our strong portfolio of domestic thermal sight eyepiece assemblies,” stated Bill Maffucci, Kopin’s Senior Vice President of Business Development and Strategy. “The opportunity to supply display products to the Indian Armed Forces provides us with a significant expansion of our addressable market. The selection of Kopin display products for this application is a testament to the high performance, quality and reliability of our OLED products and our commitment to on-time and in-full deliveries.”

About Kopin

Kopin Corporation is a leading developer and provider of innovative display and optical technologies sold as critical components and subassemblies for defense, industrial and consumer products. Kopin’s technology portfolio includes ultra-small Active-Matrix Liquid Crystal Displays (AMLCD), Liquid Crystal on Silicon (LCOS) displays and Organic Light Emitting Diode (OLED) displays, a variety of optics, and low-power ASICs. 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” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), which are subject to the safe harbor created by such sections. Words such as “expects,” “believes,” “can,” “will,” “estimates,” and variations of such words and similar expressions, and the negatives thereof, are intended to identify such forward-looking statements. We caution readers not to place undue reliance on any such “forward-looking statements,” which speak only as of the date made, and advise readers that these forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, estimates, and assumptions by us that are difficult to predict. Various factors, some of which are beyond our control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by us or on our behalf, are expressly qualified by these cautionary statements and any other cautionary statements that may accompany the forward-looking statements. In addition, we disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as may otherwise be required by the federal securities laws. These forward-looking statements are only predictions, subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect performance and cause results to differ materially from management’s expectations are described in Part I, Item 1A. Risk Factors; Part II, Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations; and other parts of our Annual Report on Form 10-K for the fiscal year ended December 30, 2023, or as updated from time to time our Securities and Exchange Commission filings.

Contacts

Kopin Corporation:
Bill Maffucci, 508-870-5959

SVP of Business Development and Strategy

bmaffucci@kopin.com

Richard Sneider, 508-870-5959

Treasurer and Chief Financial Officer

Richard_Sneider@kopin.com

or

MZ:

Brian M. Prenoveau, CFA, 561 489 5315

MZ Group – MZ North America

KOPIN@mzgroup.us