WESTBOROUGH, Mass.--(BUSINESS WIRE)--Kopin Corporation (NASDAQ:KOPN) a leading developer of innovative wearable computing technologies and defense solutions, today announced the promotion of Mr. Bill Maffucci to Vice President of Defense Programs, reporting to Dr. John C. C. Fan, Kopin’s President & CEO. Mr. Maffucci leads Kopin’s Visual Products Group which is located in Scotts Valley, California, and is responsible for defense product prototyping, R&D efforts and management of defense production. He succeeds Mr. Mike Presz, who will continue supporting Bill in a business development capacity.
“I am delighted at the opportunity to lead such a prestigious group,” said Mr. Maffucci. “While the defense industry is facing significant headwinds due to reductions in defense spending, there are nevertheless opportunities for significant growth in Kopin’s business. These opportunities will be tied to emerging applications in digital night vision devices, overlay display weapon sight technology and a new generation of targeting and imaging devices, and Kopin is well positioned to capture business in these new areas.”
Mr. Maffucci is an industry veteran with more than 35 years of experience working with defense contractors in a variety of display applications with special emphasis on the development of head mounted display systems. Bill’s background includes extensive experience in the advanced development of displays, optics and ergonomic solutions for avionic and dismounted soldier systems.
“Over the past twenty-five years Kopin has built a solid reputation of providing quality products and services to the U.S. Government,” said Dr. John C.C. Fan, CEO. “Our display products are deployed in over 250,000 of the most advanced soldier systems in the U.S. inventory. Bill’s leadership, experience and personal dedication will continue that tradition of quality and integrity in everything Kopin provides.”
Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions for integration into head-worn computing and display systems to military, industrial and consumer customers. Kopin’s technology portfolio includes ultra-small displays, optics, speech enhancement technology, system and hands-free control software, low-power ASICs, and ergonomically designed smart headset reference systems. Kopin’s proprietary components and technology are protected by more than 200 global patents and patents pending. For more information, please visit Kopin’s website at www.kopin.com.
Statements in this news 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 opportunities for significant growth in Kopin’s business; opportunities will be tied to emerging applications in digital night vision devices, overlay display weapon sight technology and a new generation of targeting and imaging devices; and Kopin being well positioned to capture business in these new areas. 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: The Company may not be able to develop products for applications in digital night vision devices, overlay display weapon sight technology and a new generation of targeting and imaging devices; the Company may not have significant or any growth, the Company may be unable to release products that meet the needs of the defense market, there may be no demand for any products that we develop in the coming months; it may take longer than the Company estimates to develop products; there may be issues that prevent the adoption or further development of the Company’s defense technologies; manufacturing, marketing or other issues may prevent either the adoption or acceptance of products; the Company might be adversely affected by competitive products and pricing; new product initiatives and other research and development efforts may be unsuccessful; the Company could experience the loss of significant customers; costs to produce the Company’s products might increase significantly, or yields could decline; and the Company’s customers might be unable to ramp production volumes of its 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 27, 2014, and the Company’s subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this report.