Kopin Receives Additional $3.4 Million Order for the F-35 Joint Strike Fighter Program
September 18 2023 - 8:30AM
Business Wire
Kopin Corporation (NASDAQ: KOPN), a leading provider of
application specific optical systems and high performance
micro-displays for defense, enterprise, consumer and medical
products, today announced it has received a $3.4 million follow-on
order for its high-brightness liquid crystal display for the F-35
Joint Strike Fighter program. With the F-35 scheduled for
production through 2030, Kopin expects additional orders over the
life of the program.
The F-35, the world’s most advanced 5th Generation jet fighter,
is a family of single-seat, single-engine, all-weather, day and
night stealth, multirole combat aircraft. The jet is designed to
perform both air superiority and strike missions while also
providing electronic warfare and intelligence, surveillance, and
reconnaissance. Much of the functionality is enabled through the
augmented reality (AR) helmet that uses Kopin’s microdisplay and
provides the pilot with vast quantities of flight, tactical, and
sensor information for advanced situational awareness, precision
and safety. The extensive functionality and extreme conditions
require unique display technology and Kopin is the sole supplier to
this production program.
The largest procurement program in the Department of Defense
(DOD), the F-35 strike fighter aircraft is being procured in
different configurations for multiple branches of the DOD,
including the United States Air Force, Marine Corps, and Navy.
Kopin has been the sole supplier of microdisplays for the F-35
pilot helmets since the program's inception, providing thousands of
displays to date.
“This follow-on order extends our backlog of scheduled
deliveries into the fourth quarter of 2024, providing steady
production,” stated Bill Maffucci, the Company’s Vice President of
Strategy & Business Development. “As the sole provider of
displays to the F-35 production program, we benefit from our strong
relationship with the DOD in obtaining valuable feedback, which we
leverage to continuously improve our display technology. This
feedback and the enhancements have implications for the F-35
program as well as for other programs that are in development.”
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 “benefit,” “believe,” “can,”
“continue,” “estimate,” “encourage,” “deliver,” “growth,”
“increase,” “position,” “positive,” “progress,” “reduce,” “result,”
“significant,” “sustainable,” 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 this order extends our backlog of scheduled deliveries
into the fourth quarter of 2024, providing steady production; and
our belief we are the sole provider of AMLCD displays to the F-35
production 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 our
Annual Report on Form 10-K, or as updated from time to time in our
Securities and Exchange Commission filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20230918345223/en/
For Product Sales:
Bill Maffucci VP of Government Programs 508 870 5959
bmaffucci@kopin.com
For Investor Relations:
Richard Sneider Treasurer and Chief Financial Officer 508 870
5959 Richard_Sneider@kopin.com
Or
MZ Contact Brian M. Prenoveau, CFA MZ Group – MZ North America
KOPN@mzgroup.us +561 489 5315
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