Kopin Receives $1.1 Million Order In Support of the Joint Effects Targeting System
October 21 2021 - 8:30AM
Business Wire
Kopin Corporation (NASDAQ: KOPN), a leading developer of
innovative wearable computing technologies and solutions, announced
that it has received a $1.1 million order to provide eyepieces for
the Joint Effects Targeting System (JETS). The order is expected to
be delivered through 2022.
The JETS Target Location Designation System (TLDS) is an
Army-led, joint-interest program with the Air Force and Marine
Corps. The JETS system is a one-man-portable, handheld capability
locator designed to rapidly acquire, and precisely locate and
accurately engage targets with precision-guided munitions, and
improve the effectiveness of engagement with unguided
munitions.
“This order is for Kopin’s low-rate initial production of this
program,” said Bill Maffucci, the Company’s Vice President of
Government Programs. “This program provides the soldier with the
ability to carry out necessary recon on targets, acquire specific
locations on a precision grid, and communicate the coordinates
instantaneously back to command. We are providing the program with
our high resolution, low power, ruggedized eyepiece. We expect this
program to continue for multiple years.”
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.
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 and our expectation that
they program will continue for multiple years. 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, the program could be cancelled by the US
government; our customer could cancel the order; our customer may
not make additional purchases; 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 26, 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/20211021005223/en/
Kopin Corporation Bill Maffucci, 508-870-5959 VP of Government
Programs bmaffucci@kopin.com or 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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