Kopin Corporation Receives Follow On Order of Silicon Backplane Wafers for 2K x 2K OLED Microdisplays
September 23 2021 - 8:30AM
Business Wire
Kopin® Corporation (NASDAQ: KOPN), a leading developer and
provider of high-resolution microdisplays and display subassemblies
for consumer, defense, enterprise, industrial and medical products,
announced today it has received an approximately $850,000 follow-on
order for its proprietary Lightning® 2K silicon backplane
wafers.
“We are proud to receive an additional follow-on order for our
proprietary Lightning® 2K silicon backplane wafers,” said Dennis
Natale, VP/GM of Kopin OLED Displays. “We believe this repeat order
confirms the continued market demand of our backplane wafers for
OLED microdisplays and represents further validation of our fabless
business model. Our fabless OLED model enables Kopin to provide its
own finished OLED displays to customers and/or sell its highly
advanced, proprietary backplane wafers on an OEM basis to other
OLED microdisplay providers for seamless integration into their own
products. This business model provides more flexibility to meet
customer demand without implying major fixed capital investment to
commercialize our products and technology.”
Kopin’s Lightning 2K backplane supports OLED (Organic Light
Emitting Diode) microdisplays with 2048 x 2048 resolution in a
1-inch diagonal size, and can run at up to 120 Hz with low power
consumption.
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 ultrasmall 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.
Kopin and Lightning are trademarks of Kopin Corporation
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 belied this repeat order
confirms the continued market demand of our backplane wafers for
OLED microdisplays and represents further validation of our fabless
business model. 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/20210923005228/en/
Kopin Corporation Dennis Natale, 508-870-5959 VP/GM Kopin OLED
Displays DNatale@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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