Kopin Announces Multiyear Development Agreement With a Leading Japanese Company for Full-Color LED Microdisplays on Silicon
July 15 2021 - 8:30AM
Business Wire
Superbright 2K X 2K 1”-Diagonal Full-Color
LED Microdisplay For Augmented and Mixed Reality
Applications
Kopin® Corporation (NASDAQ: KOPN), a leading developer and
provider of high-resolution AMLCD, LCOS and OLED microdisplays and
display subassemblies announced today it has signed a multiyear
agreement with a leading Japanese electronics Company that develops
and produces advanced consumer products, to develop superbright 2K
x 2K full-color Light Emitting Diode (LED) microdisplays on
silicon. Under the agreement, Kopin will develop and supply its
proprietary backplane silicon wafers and its new partner will
develop bonding and color conversion processes. The companies
expect to demonstrate 1”-diagonal full-color 2K x 2K LED
microdisplays within 24 months. This development program, like
Kopin’s previously announced program with Jade Bird Display to
develop superbright monochrome LED microdisplays with up to 4
million nits, is customer funded.
LED microdisplays have the potential for superhigh brightness,
low power consumption, high contrast and wide viewing angle, which
are ideal features for many applications including see-through
augmented reality (AR) and mixed reality (MR) applications.
However, the LED microdisplay is still in an early stage of
development and requires significant new process developments
including bonding of LED arrays to Si backplane and color
conversion of blue emission to red or green. Kopin was a pioneer in
LED microdisplays on Si technology with some of the early patents
on the technology (US 5,300,788, 5,453,405, 6,403,985).
“We are very excited to collaborate with our partner who has
already achieved some important milestones in color LED
microdisplay development,” said Dr. John C. C. Fan, CEO of Kopin
Corporation. “We find our areas of expertise to be very
complementary in tackling the challenges of developing the
1”-diagonal 2K x 2K full-color LED microdisplays. Super
high-resolution full-color LED microdisplays with brightness
approaching 100,000 nits can create new and exciting applications
for microdisplays and satisfy the demanding requirements of certain
AR and MR applications. The LED microdisplays from this
collaboration will expand our microdisplay portfolio, making us the
world’s only provider of all LCD, LCOS, OLED and LED microdisplays
on Si. Our wide portfolio of products allows us to offer customers
the best product for a particular application. It is important to
stress that we continue to believe OLED microdisplays would be very
good for many consumer applications.”
About Kopin
Kopin Corporation is a leading developer of innovative wearable
computing technologies and solutions. Kopin’s technology portfolio
includes ultra-small displays, optics, high-level module assembly,
speech enhancement technology, software, low-power ASICs, and
ergonomically designed smart headset concept systems. Kopin’s
proprietary components and technology are protected by more than
200 global patents and patents pending. 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: Kopin will develop and supply
its proprietary backplane silicon wafers and its partner will
develop bonding and color conversion processes; our expectation
that the companies will demonstrate full-color 2K x 2K LED
microdisplays within 24 months; and Super-high-resolution
full-color LED microdisplays with brightness approaching 100,000
nits can create new and exciting applications for microdisplays and
satisfy our most demanding customers’ needs; and our belief that
with the addition of LED microdisplay products from this
collaboration will make Kopin the world’s only provider of the full
suite of OLED, LCD, LCOS and LED microdisplays. 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 26, 2020, 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/20210715005198/en/
Investor Contacts: Kopin Investor Relations Richard
Sneider, (508) 870 5959 CFO rsneider@kopin.com
or
JoAnn Horne, (415) 445-3233 Kopin Investor Relations Market
Street Partners JHorne@marletstreetpartners.com
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