Kopin Receives New Development Order from Naval Air Warfare Center for Advanced Microdisplay Technology Research
February 08 2024 - 8:30AM
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 the award of a new Small Business
Innovation Research (SBIR) contract from the Naval Air Warfare
Center. Under the terms of the contract, Kopin will leverage over
30 years of expertise in US-based microdisplay development to
deliver advanced microdisplays for lensless computational
imaging.
The goal of the research is to develop a high-resolution
microdisplay which can operate at very high framerates to support
development of trusted AI and autonomous capabilities for
computational imaging. Kopin intends to accomplish this objective
by introducing enhancements to existing microdisplay designs to
achieve the performance requirements of this program. The expected
output is a microscale (<1” diagonal), high-resolution
(>2M-pixel) display and drive board with transparent and
back-lit versions.
"This is the first award to Kopin by the Navy for research that
advances vision technology in a very novel way,” stated Bill
Maffucci, the Company’s Senior Vice President of Business
Development and Strategy. “Kopin intends to work with the Office of
Naval Research (ONR) to develop through this program a range of
lensless, optical-computing devices that provide new capabilities
in the areas of computer vision and computational imaging.”
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 statements with respect to our intention to work with the
Office of Naval Research (ONR) to develop through this program a
range of lensless, optical-computing devices that provide new
capabilities in the areas of computer vision and computational
imaging. 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 31, 2022, or as updated from time to time our
Securities and Exchange Commission filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20240208683267/en/
Kopin Corporation Bill Maffucci, 508-870-5959 SVP of Business
Development and Strategy, bmaffucci@kopin.com
Richard Sneider, 508-870-5959 Treasurer and Chief
Financial Officer Richard_Sneider@kopin.com
or
MZ Contact: Brian M. Prenoveau, CFA, 561 489 5315 MZ
Group – MZ North America KOPIN@mzgroup.us
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