Kopin Receives Additional $2 Million Follow-On Microdisplay Order in Support of Rotary and Fixed Wing Pilot Helmet Mounted Display

Kopin’s High-Brightness Brillian™ Microdisplay offers pilots enhanced visual recognition of critical data

WESTBOROUGH, Mass.--(BUSINESS WIRE)--Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical systems and high-performance microdisplays for defense, training, enterprise, industrial, consumer and medical products, today announced that it has been awarded a $2 million follow-on production order for its AMLCD Brillian microdisplay for rotary and fixed-wing pilot helmet mounted displays.

Kopin’s full color Brillian display is used in a pilot’s helmet-mounted display system (HMD) and provides superior situational awareness and survivability in both day and night flight conditions. These advanced, see-through, high-definition, digital HMDs are used on a number of fixed-wing and rotary-wing platforms including F-15, F-16, and F/A-18 fighter jets and CH47F and UH-60 helicopters.

Kopin's patented Brillian microdisplays leverage revolutionary design and processing techniques to deliver remarkable image performance in applications demanding exceptional high brightness. Full-color Brillian displays exhibit brightness levels greater than 34,000 nits (10,000 foot-lamberts) and contrast ratios above 500:1. The full-color Brillian displays offer pilots enhanced visual recognition of critical data and information needed to complete missions.

“The follow-on purchase order is part of an ongoing multi-year program effort and highlights Kopin’s success in producing highly complex microdisplays for mission-critical applications,” stated Bill Maffucci, Senior Vice President of Business Development and Strategy at Kopin. “Our displays and application specific eyepieces are used in a wide range of demanding applications including pilot helmets, armored vehicle targeting systems, and soldier centric thermal weapon systems.

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.

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 our belief that the program our Brillian display is used for will be an ongoing multi-year program. 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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