Kopin Achieves Important Technical Milestones in Development of NeuralDisplay™ Architecture

WESTBOROUGH, Mass.--(BUSINESS WIRE)--Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical solutions and high-performance micro-displays for defense, enterprise, consumer, and medical products, today announced it has achieved two important milestones in the development of its NeuralDisplay™ architecture for consumer and defense applications, which has been an on-going effort, for the past year.

Kopin has been developing a software-defined, artificially intelligent microdisplay architecture for integrated eye tracking and dynamic brightness and contrast controls. This new platform is designed to allow Kopin’s organic light-emitting diode (OLED) and inorganic light-emitting diode (MicroLED) display customers to adapt the technology to the user and not force the user to adapt to the technology in a highly cost-effective manner.

As part of the development plan, Kopin has demonstrated an OLED display that tracks eye movement, position and gaze while displaying video using Kopin’s internally developed software and AI engine. The robust hardware architecture for the NeuralDisplay includes display units and binocular wearable mounts. This design not only supports the fundamental features of the technology but is also versatile enough to demonstrate its key benefits effectively.

Further, Kopin has developed proprietary eye-tracking signal flows and is focused on expanding datasets to train more sophisticated and robust AI models, which are expected to improve performance and reliability significantly.

“Additional testing and validation of the prototype is required; however, we believe current results demonstrate the ability of Kopin to develop and produce the technology, and we are extremely pleased with the progress we are making,” stated Bill Maffucci, Senior Vice President of Business Development and Strategy, Kopin. “We believe we are on track to complete this development successfully and that the concept is capable of achieving our goals for outstanding display performance with integrated sensing capabilities.”

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. These forward-looking statements may include our expectation that our proprietary eye-tracking signal flows and expanding datasets can be used to train more sophisticated and robust AI models to significantly improve performance and reliability; our belief that current results demonstrate the ability of Kopin to develop and produce the technology; and our belief we are on-track to complete this development successfully, and that the concept is capable of achieving our goals for outstanding display performance with integrated sensing capabilities. 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.