Kopin Receives Additional $3.8 Million Production Orders for its Brillian® Display for Helicopter Pilot’s Helmet Mounted Display
July 21 2022 - 8:30AM
Business Wire
Brillian Displays Ideal for Ultra-Bright
Full-color Pilot HMD Applications
Kopin® Corporation (NASDAQ: KOPN), a leading provider of
high-resolution microdisplays for Augmented Reality (AR) and
Virtual Reality (VR), today announced it received production orders
totaling approximately $3.8 million for its new ultra-bright,
full-color Brillian Active Matrix Liquid Crystal Display (AMLCD)
used by helicopter pilots to display real-time flight and targeting
information. Kopin’s patented Brillian displays incorporate
breakthrough advances in design and processing techniques to
produce unsurpassed image performance in applications requiring
extreme high brightness. The current orders have scheduled
deliveries through fourth quarter of 2023 and we expect additional
follow-on orders over several years in support of multi-year
program plans.
“Our patented Brillian display’s provide ultra-high brightness
and high-resolution in either monochrome or full color modes---
making it ideal for pilot helmets,” stated Bill Maffucci, the
Company’s Vice President of Government Programs. “These orders add
to our strong backlog which include among other production programs
the $19.8 million order for the Family of Weapon Sights –
Individual units received in the fourth quarter of 2021, our
recently announced $4.8 million order to support the F-35 Joint
Strike Fighter program as well as our strong funded development
programs.”
About Kopin
Kopin Corporation is a leading developer and provider of
innovative wearable technologies and critical components and
subsystems for integration into wearable systems for military,
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 which are individual components or combined into drop and
play subassemblies. For more information, please visit Kopin's
website at www.kopin.com.
Kopin and Brillian are 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: the current order has scheduled
deliveries through fourth quarter of 2023; our expectation of
additional follow-on orders over several years in support of
multi-year program plans; and our strong backlog which include
among other production programs the $19.8 million order for the
Family of Weapon Sights – Individual units received in the fourth
quarter of 2021, our recently announced $4.8 million order to
support the F-35 Joint Strike Fighter program as well as our strong
funded development programs. 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 25, 2021, or as updated from time to time in the
Company’s Securities and Exchange Commission filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20220721005262/en/
Kopin Corporation Bill Maffucci, 508-870-5959 VP of Government
Programs, bmaffucci@kopin.com
For Investor Relations Kopin Corporation Richard
Sneider, 508-870-5959 Treasurer and Chief Financial Officer
rsneider@kopin.com
Market Street Partners Joann Horne, 415-445-3233
JHorne@marketstreetpartners.com
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