Kopin Partners with BlueHalo for the Development of New Advanced Simulated Binoculars & Monoscope Products
March 26 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 it has been awarded a contract from
BlueHalo LLC (BlueHalo) for the design, development, and production
of advanced simulated binoculars and monoscope products for use in
their Advanced Stinger Trainer (AST) system. Both products will
significantly increase performance over those currently available
in similar systems and add to Kopin’s well-established line of
Training & Simulation products.
BlueHalo’s next-generation AST – a fully immersive Man-Portable
Air Defense System (MANPADS) – provides Stinger teams with
operational and tactical training in various virtual environments
against multiple air threats. Kopin’s products, which are driven by
a computer image generator, will incorporate a
positional/directional tracking sensor to provide a realistic
simulation of the equivalent fielded products. They utilize Kopin’s
high-performance high-resolution color organic light emitting diode
(OLED) display to provide near eye-limiting resolution and will be
coupled with Kopin’s custom viewing optics to provide outstanding
visual performance.
This initial contract award provides for development and
fielding in the first of what is expected to be upgrades of
multiple training installations, supporting numerous armed forces
over the next several years. BlueHalo has developed Stinger
training facilities for the U.S. Army Air Defense School at Fort
Sill, OK; the North Dakota Army National Guard in Grand Forks; and
the U.S. Marine Corps at Camp Pendleton, CA and Cherry Point, NC.
In December, the BlueHalo team was awarded a $30 million contract
from the Netherlands Ministry of Defense Materiel and IT Command to
develop and deliver an AST system at Lieutenant General Best
Barracks in Vredepeel, Netherlands.
"Military training systems are experiencing a significant
increase in demand as many of the world’s armed forces react to
current world events, providing their personnel the opportunity to
develop required operational skills through realistic virtual
training while limiting costly and logistically complex live fire
testing,” stated Bill Maffucci, the Kopin’s Senior Vice President
of Business Development and Strategy. “These new simulated
binoculars incorporate the very latest in Kopin’s display
technology to facilitate highly realistic training for U.S. and
NATO forces. We are pleased that Kopin is expanding our customer
base with new partners like BlueHalo who has trusted Kopin with
developing and producing these critical systems.”
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.
About Blue Halo
BlueHalo is purpose-built to provide industry-leading
capabilities in the domains of Space, C-UAS and Autonomous Systems,
Cyber, and AI/ML. BlueHalo focuses on inspired engineering to
develop, transition, and field next-generation capabilities to
solve the most complex challenges of our customers’ critical
missions and reestablish our national security posture in the
near-peer contested arena. Learn more at www.bluehalo.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 belief that this is an
initial award and there will be follow-on orde; and our
expectations that there will be upgrades of multiple training
installations, supporting numerous armed forces over the next
several years. 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 30, 2023, 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/20240326408591/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: Brian M. Prenoveau, CFA, 561 489 5315 MZ Group – MZ
North America KOPIN@mzgroup.us
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