Kopin Receives Additional $1.6 Million Order for the F-35 Joint Strike Fighter Program
June 08 2021 - 8:05AM
Business Wire
Kopin Corporation (NASDAQ: KOPN), a leading provider of high
resolution microdisplays for Augmented Reality (AR) and Virtual
Reality (VR), today announced it has received an approximately $1.6
million follow-on order of its high-brightness liquid crystal
display for the F-35 Joint Strike Fighter program. With the F-35
scheduled for production through 2030, Kopin expects additional
orders over the life of the program.
The F-35, the world’s most advanced jet fighter, is a family of
single-seat, single-engine, all-weather, day and night stealth,
multirole combat aircraft. The jet is designed to perform both air
superiority and strike missions while also providing electronic
warfare and intelligence, surveillance, and reconnaissance. Much of
the functionality is enabled through an advanced extreme augmented
reality (AR) helmet, which provides the pilot with vast quantities
of flight, tactical, and sensor information for advanced
situational awareness, precision and safety. The extensive
functionality and extreme conditions require unique display
technology and Kopin is the sole supplier to this production
program.
The largest procurement program in the Department of Defense
(DOD), the F-35 strike fighter aircraft is being procured in
different configurations for multiple arms of the DOD, including
the United States Air Force, Marine Corps, and Navy. Kopin has been
the sole-supplier of microdisplays for the F-35 pilot helmets since
the program inception providing thousands of displays, to-date.
“This follow-on order extends our backlog of scheduled
deliveries into the first quarter of 2022, providing good
visibility for our manufacturing plan,” stated Bill Maffucci, the
Company’s Vice President of Government Programs. “As the sole
provider of displays to the F-35 production program, we benefit
from our strong relationship with the DOD in obtaining valuable
feedback, which we leverage to continuously improve our display
technology. These enhancements have implications for the F-35
program as well as many future opportunities with the military as
well as enterprise customers. ”
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 expectation that we this
order extends our backlog of scheduled deliveries into the first
quarter of 2022. 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/20210608005377/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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