SXGA-R15 product features a smaller, streamlined form factor, new software interface, and reduced cost

WESTBOROUGH, Mass., September 16, 2024--(BUSINESS WIRE)--Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical systems and high performance microdisplays for defense, training and simulation, enterprise and industrial, consumer and medical products, today introduced its next-generation application specific drive board, "R15," for Kopin’s widely used SXGA FLCoS microdisplay. The SXGA-R15 product is designed for use inside 3D AOI ("3-Dimensional Automated Optical Inspection") machines. The R15 features a smaller, streamlined form factor and new software interface at a lower cost compared to similar products on the market.

According to Zion Market Research, the 3D AOI systems market is projected to grow from $700 million a few years ago to $3 billion by 2030. The use of 3D AOI systems continues to grow in advanced electronics manufacturing settings due to their ability to quickly and accurately detect defects that human inspection might miss. This leads to improved quality and significant savings in both time and cost. Kopin believes that the demand for high-quality manufacturing of intricate circuit boards and other similar precision electronic and mechanical products will keep rising.

Kopin has decades of experience developing optical solutions tailored to meet the needs of the 3D AOI market, which continues to be a significant industrial market for the company. We believe the new SXGA-R15 product offering positions Kopin well to take advantage of the expected market growth; and we are already seeing significant interest from potential customers in Asia.

"Kopin’s passion for innovation continuously fuels the design and creation of superior products that appeal to many customers and end users," said Greg Truman, Vice President of Business Development for Europe and Asia. "The engineering team employed a novel architecture and approach to develop a product with reduced size of 25% compared to existing available product, complexity and cost. The SXGA-R15’s compact design and affordability are crucial selling points, broadening its potential applications, customer base, and anticipated order acquisition."

About Kopin Corporation

Kopin Corporation is a leading developer and provider of innovative display, and optical technologies 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.

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. These forward-looking statements may include our belief that the demand for high-quality manufacturing of intricate circuit boards and other similar precision electronic and mechanical products will keep rising; our belief that the SXGA-R15 product offering positions Kopin well to take advantage of the expected 3D AOI market growth; , 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.

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Contacts

Investor Relations:
Richard Sneider
Treasurer and Chief Financial Officer, Kopin
[email protected]
(508) 870-5959

or

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