Next-generation, daytime-readable, augmented HUD addresses power efficiency, extended fields of view and improved resolution

WESTBOROUGH, Mass., October 01, 2024--(BUSINESS WIRE)--Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical systems and high-performance microdisplays for defense, enterprise, industrial, consumer and medical products, announced today that it has secured a contract to further develop its daytime-readable, augmented reality HUD (Head-Up Display) technology in support of warfighters.

The goal of this next-generation HUD is to offer enhanced resolution, better daytime readability and a greater see-through field of view—and require less power.

"Warfighters want to keep their eyes on the horizon to detect and address threats, instead of looking down at a device," said Bill Maffucci, Sr. VP Business Development and Strategy. "Our technology provides a wide range of augmented geospatial information in a heads-up format, reducing the loss of situational awareness. In addition, the new HUD module aims to meet the growing demand for an advanced display solution that is easily readable in daytime lighting."

Kopin has been developing daytime-readable, see-through HUDs and demonstrating early prototypes. The new contract award is for the development of a next-generation HUD with advanced specifications for a specific targeted application. Key features and capabilities include:

• Higher-resolution OLED microdisplay

• Larger see-though daytime readable field of view

• Superior power efficiency (compared to waveguides)

• Better visual acuity

• Lighter weight and lower profile

• A path to full-color daytime readability

"We have established ourselves as a leading optical display solution provider, which has resulted in the award of this contract after a rigorous selection process," said Maffucci. "This development funding will give us the opportunity to enhance our existing HUD capabilities with the end goal being the release of a deployable product that will enable the Warfighter to safely and efficiently carry out operations."

For more information, contact Kopin Sales: [email protected].

About Kopin

Kopin Corporation is a leading developer and provider of innovative display, and application-specific optical solutions sold as critical components and subassemblies for defense, enterprise, professional and consumer products. Kopin’s portfolio includes microdisplays, display modules, eyepiece assemblies, image projection modules, and vehicle mounted and head-mounted display systems that incorporate ultra-small high-resolution Active Matrix Liquid Crystal displays (AMLCD), Ferroelectric Liquid Crystal on Silicon (FLCoS) displays, MicroLED displays (μLED) 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. Kopin is a trademark of Kopin Corporation.

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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. These forward-looking statements may include statements with respect to this development funding giving us the opportunity to enhance our existing HUD capabilities with the end goal being the release of a deployable product. 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 by our Securities and Exchange Commission filings.

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Contacts

For Investor Relations
Kopin Corporation
Richard Sneider, Treasurer and Chief Financial Officer
[email protected]
508-870-5959

MZ Contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
[email protected]
561-489-5315

Lightspeed PR Contact
Grace Halvorsen
Lightspeed PR/M
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