Kopin Achieves Important Defense OLED Deposition Milestones Including Market Leading Lifetime Brightness Exceeding 20,000 cd/m2
March 12 2024 - 4:01PM
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
toward establishing “fabless” organic light emitting diode (OLED)
display production for defense applications.
First, to meet the needs of its customers in the Defense and
Security markets, Kopin is in the process of establishing an OLED
deposition partner in a strong NATO-member European country through
a transition effort that is scheduled to be production ready in
2024.
Second, as part of this activity Kopin’s deposition partner has
completed initial life testing on representative samples and has
achieved near-zero degradation in brightness performance after
operating displays at brightness levels exceeding 20,000 cd/m2 for
several thousand hours. In addition, the initial displays using
Kopin proprietary backplane have been fabricated and are entering
into performance validation testing.
Kopin has developed a series of high-performance OLED displays
that incorporate advanced features that are only available in
recently developed designs. As per Kopin’s strategic initiatives in
this area, the displays are manufactured using a fabless approach
in which Kopin relies on partner companies to perform silicon
backplane fabrication and OLED deposition. We believe this strategy
allows Kopin to remain agile, utilize unique performance
capabilities and rapidly adapt to evolving technology developments
in a highly cost-effective manner.
"We are extremely pleased with the progress we are making in
establishing an additional production OLED supply chain to support
Defense and Security applications for our products while also
retaining our lower cost consumer supply chains,” stated Bill
Maffucci, the Company’s Senior Vice President of Business
Development and Strategy. “Our existing supply chain allows us to
supply OLED displays and display subassemblies to support customer
development and system qualifications while we are completing our
additional production capability. The results to-date not only
validate that we are on-track to complete this transition in 2024,
but they also confirm the outstanding performance of the Kopin OLED
displays as market leading.”
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 transition effort to create
an additional supply chain for Defense and Security markets that is
scheduled to be production ready in 2024; and our belief that a
fabless manufacturing strategy allows Kopin to remain agile,
utilize unique performance capabilities and rapidly adapt to
evolving technology developments in a highly cost-effective.
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/20240312716878/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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