Kopin Extends OLED Deposition Capabilities to Support US Department of Defense Initiatives
WESTBOROUGH, Mass., May 22, 2023--(BUSINESS WIRE)--Kopin Corporation (NASDAQ: KOPN), a leading developer and provider of high-resolution microdisplays and application-specific optical sub-assemblies for defense, enterprise, consumer and medical products, today announced it has executed partner agreements for redundant and new OLED deposition capabilities for its current and future OLED family of devices.
"Due to our non-proprietary silicon wafer-based OLED deposition process and our highly integrated and flexible backplane design, Kopin is able to utilize several OLED deposition sources globally to support our customers’ cost, performance and continuity of supply demands," said Bill Maffucci, Kopin's Senior Vice President of Business Development and Strategy. "These new partnership agreements extend our deposition supply base into several US Department of Defense and NATO-friendly locations supporting duplicity and continuity of our supply chain, while at the same time bring more of the OLED packaging and testing processes in-house at Kopin. In addition, Kopin has gained access through these agreements to a broader set of OLED displays and other advanced technologies, to further enhance our product offerings."
Kopin has developed a fab-lite strategy which is a blend of internal manufacturing and assembly coupled with partnerships with global leaders in wafer and deposition manufacturing technologies.
"Continuity of sovereign supply is critical to our US Defense customers and these agreements support that need while allowing Kopin to support current and potential Consumer, Medical, Industrial and Automotive customers with our Asia-based deposition partners," said Michael Murray, Kopin’s Chief Executive Officer.
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 differentiated technology portfolio includes ultra-small Active-Matrix Liquid Crystal displays (AMLCD), Liquid Crystal on Silicon (LCOS) displays, Organic Light Emitting Diode (OLED) displays, Micro LED (µLED) displays, a variety of optics, and low-power ASICs. For more information, please visit Kopin's website at www.kopin.com.
Kopin and CyberDisplay are trademarks 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," 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 include statements with respect to our belief that demand for this order is due to the current situation in Europe; and our belief that there are significant opportunities for follow-on orders. 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 year ended December 31, 2022, or as updated from time to time our Securities and Exchange Commission filings.
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Contacts
For Product and sales information
Kopin Corporation
Bill Maffucci, 508-870-5959
Sr. VP of Business Development and Strategy
bmaffucci@kopin.com
For Investor Relations
Kopin Corporation
Richard Sneider
Treasurer and Chief Financial Officer
rsneider@kopin.com
MZ Contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
KOPN@mzgroup.us
+561 489 5315
