Kopin Secures $3.4M 2022 Purchase Commitment from JUTZE Intelligence Technology
September 29 2021 - 8:30AM
Business Wire
Kopin subsidiary Forth Dimension Displays
Continues To Grow Business With Chinese Inspection Equipment
Manufacturer
Kopin Corporation (NASDAQ: KOPN), a leading developer of
innovative wearable computing technologies and solutions, announced
that its wholly owned subsidiary, Forth Dimension Displays Limited
(ForthDD), has secured a $3.4 million order commitment from JUTZE
Intelligence Technology Co., Ltd. (JUTZE) (Shenzhen Stock Exchange:
SHE:300802). The order is to provide Spatial Light Modulators
(SLMs) for JUTZE’s Edge series of 3D Automated Optical Inspection
(3D AOI) and Mirage series of 3D Solder Paste Inspection (3D SPI)
equipment, with expected deliveries through 2022.
ForthDD is a manufacturer of SLMs designed specifically for the
3D SPI, 3D AOI and 3D Metrology markets. JUTZE is a leading Chinese
inline inspection equipment manufacturer that supplies equipment to
tier one Electronics Manufacturing Services (EMS) companies
providing services to global consumer and automotive brands.
Published market research forecasts that the 3D AOI systems
market will continue to grow by approximately 16% annually from
$750M in 2020 to $1.58B in 2025. The increasing demand for higher
productivity from EMS companies and the rising need for 3D AOI
systems in automotive electronics are factors fueling this
growth.
SLMs are a key component of 3D AOI/SPI equipment. The SLM is
used to project structured light onto the PCA/PCB being measured by
the 3D AOI/SPI machine. The ability to use this technology to
measure component placement/solder paste in all three dimensions,
on every board in real time, enables companies to improve yields
and product quality while reducing waste and cost. Such advanced
equipment is especially important for the growing electric vehicle
market. ForthDD’s SXGA (1280 x 1024) high resolution, fast
switching, all digital, high performance, proprietary ferroelectric
liquid crystal reflective display is the center piece of ForthDD’s
SXGA-R12 SLM product.
Karl Yang, CEO of JUTZE said, “JUTZE has been using ForthDD’s
SLMs for a number of years and we feel that it is the most reliable
and accurate technology for our inline inspection equipment.
ForthDD’s SLMs have undoubtedly played a key role in growing
JUTZE’s market share to where it is today.”
Greg Truman, CEO of ForthDD said, “We are supplying SLMs to
major vendors of 3D AOI and SPI equipment in Germany, Japan, South
Korea and China, with the China market showing the strongest growth
over the last few years. JUTZE is a leading 3D AOI manufacturer in
China, and their renewed commitment to using ForthDD’s SLMs in
their equipment is a strong testament to the performance and
reliability of our products.”
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 Forth Dimension Displays Limited
Forth Dimension Displays has been a wholly owned subsidiary of
Kopin Corporation since its acquisition in January 2011. Based in
Fife, Scotland, UK, the company focuses on the design, development,
manufacture and sale of microdisplays and SLMs (Spatial Light
Modulators) for professional and technical markets. One of its
major markets is the 3D inspection of SMT PCBs where it supplies
its SXGA SLM product to market leading customers in South Korea,
Japan, Germany and China. For more information, please visit
ForthDD's website at www.forthdd.com.
About JUTZE Intelligence Technology
JUTZE Intelligence Technology Co. LTD is a subsidiary of JUTZE
Group of Suzhou, PRC. JUTZE Intelligence Technology is a
professional visual inspection equipment manufacturer. Founded in
2007, and with its innovative vision inspection technology, JUTZE
Intelligence Technology soon became one of the industry leaders in
the Chinese inspection market. The company’s product range includes
AOI (Automated Optical Inspection) and SPI (Solder Paste
Inspection) machines for SMT lines, Inline LED inspection equipment
and Laser Markers. For more information, please visit JUTZE's
website at http://www.jutze.com.cn/en/.
Kopin is a trademark of Kopin Corporation
Forward-Looking Statements
Statements in this press release may be considered
“forward-looking” statements under the “Safe Harbor” provisions of
the Private Securities Litigation Reform Act of 1995. These
include, without limitation, statements relating to our expectation
that we will make deliveries through 2022. These statements involve
a number of risks and uncertainties that could cause actual results
to differ materially from those expressed in the forward-looking
statements. These risks and uncertainties include, but are not
limited to, that the market for 3D inline inspection machines may
not grow around the globe; ForthDD may not have and may not be
supplying SLMs to major vendors of 3D AOI and SPI equipment in
Germany, Japan, South Korea and China; and other risk factors and
cautionary statements listed in Kopin’s periodic reports and
registration statements filed with the Securities and Exchange
Commission, including the Annual Report on Form 10-K for the 12
months ended December 31, 2020, and Kopin’s subsequent filings with
the Securities and Exchange Commission. You should not place undue
reliance on any forward-looking statements, which are based only on
information currently available to Kopin and only as of the date on
which they are made. We undertake no obligation to update any of
these forward-looking statements to reflect events or circumstances
occurring after the date of this release.
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version on businesswire.com: https://www.businesswire.com/news/home/20210929005217/en/
Kopin Corporation 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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