Kopin Selected by L3Harris for Next Generation Military Program
May 28 2020 - 7:30AM
Business Wire
The Squad Weapon – Fire Control Program
Represents a Multi-Year System Procurement Agreement
Kopin Corporation (NASDAQ: KOPN), a leading provider of
innovative wearable computing technologies and solutions, today
announced it has been selected by L3Harris (NYSE: LHX) to supply
its high-brightness liquid crystal display (LCD) module for
inclusion in the integrated rifle scope for the Next Generation
Squad Weapon – Fire Control (NGSW-FC) program. Kopin’s display
module is composed of a high-performance internally - designed VGA
resolution LCD microdisplay with a specialized LED backlight and
Kopin’s driver board.
The NGSW-FC is slated to replace the traditional direct view
riflescopes currently fielded by the US Army. The NGSW-FC provides
an integrated approach to targeting by combining range-finding
capability, ballistic computation and environmental sensors that
increase the probability of accurate targeting, while decreasing
the time to engage a threat. The US Army plans to procure up to
250,000 systems to support many of its current and future weapon
platforms. This weapon system is for ordinary daylight situations
and is in addition to the thermal weapon systems that Kopin is
currently supplying. Deliveries of initial prototypes are expected
to start in third quarter of this year and early production is
expected to commence in mid-2021.
“This selection and contract award is just the latest example of
Kopin being awarded a program to supply high brightness LCDs for
military augmented reality applications,” said Bill Maffucci, the
Company’s Vice President/General Manager of Government Programs,
“This award is a testament to both the strength of our technology
and production capabilities. Over the years Kopin’s display
products have demonstrated superior performance in the most
challenging environments and continue to be the displays of choice
for high performance military applications. We look forward to
continuing to provide our soldiers with the best technology
possible.”
For the US Army, the Next Generation Squad Weapons (NGSW) is a
family of products that includes a Rifle (NGSW-R) and an Automatic
Rifle (NGSW-AR) that integrate an advanced fire control and common
6.8mm ammunition. The NGSW-FC is an advanced individual fire
control device that supports the NGSW-R, NGSW-AR, and other
individual and squad weapon systems. The L3Harris NGSW-FC prototype
utilizes open architecture to deliver to an initial augmented core
capability followed by increasing increments of capability over
time as technology matures and evolves.
“We are excited with this new major win as it both showcases our
unique technological capabilities and represents a major new
production opportunity for Kopin,” said Dr. John C.C. Fan,
President of Kopin Corporation. With our full suite of
microdisplays including LCD, LCOS and OLED, Kopin has become the
microdisplay provider of choice for defense and enterprise
applications. With our expertise in optics and specialized IC chips
we have now expanded our capabilities to include high level
integrated modules and subsystems. With the increased demand for AR
and VR applications from both defense and enterprise customers, we
are very enthused about Kopin’s positioning in this growing market
segment.”
About Kopin
Kopin Corporation is a leading developer and provider of
innovative display and optical technologies sold as critical
components and subassemblies 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. For more information,
please visit Kopin's website at www.kopin.com.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense
technology innovator, delivering end-to-end solutions that meet
customers’ mission-critical needs. The company provides advanced
defensive and commercial technologies across air, land, sea and
cyber domains. L3Harris has approximately $18 billion in annual
revenue and 48,000 employees, with customers in more than 100
countries. https://www.L3harris.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: the US Army’s plan to procure
up to 250,000 systems and our expectation that deliveries of
initial prototypes are to start in third quarter of this year and
early production is to commence in mid-2021. 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 28, 2019, 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/20200528005158/en/
Kopin Corporation Bill Maffucci, 508-870-5959 VP of Government
Programs, bmaffucci@kopin.com
Richard Sneider, 508-870-5959 Treasurer and Chief
Financial Officer Richard_Sneider@kopin.com or Market Street
Partners Joann Horne, 415-445-3233
JHorne@marketstreetpartners.com
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