Forth Dimension Displays expands its Korean customer base for
3D inspection
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 $1 million production order from Nexstar
Technology Co., Ltd. (Nexstar), headquartered in Gyeonggi Province,
South Korea. The order is to provide Spatial Light Modulators
(SLMs) for Nexstar’s new Nexman GENIO series of 3D Automated
Optical Inspection (3D AOI) and 3D Solder Paste Inspection (3D SPI)
equipment.
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the full release here:
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Nexstar 3D AOI System (Photo: Business
Wire)
ForthDD is a manufacturer of Ferroelectric Liquid Crystal on
Silicon (FLCOS) SLM systems designed specifically for the growing
3D AOI, 3D SPI and 3D Metrology markets. Nexstar is a leading South
Korean inspection equipment manufacturer that supplies machinery to
East Asian manufacturers of a wide range of electronic products
such as printed circuit board assemblies (PCBAs), semiconductors,
batteries, displays and mobile device components.
Published market research forecasts that the 3D AOI systems
market will continue growing by approximately 16% annually from
$750M in 2020 to $1.58B in 2025. Factors fueling this growth
include increasing demands for higher productivity and quality from
EMS companies and the rising demand for 3D AOI systems in the
automotive electronics market. Having secured this production order
from Nexstar, ForthDD is now supplying its SLMs to three leading
South Korean inspection equipment manufacturers who are in mass
production.
SLMs are a key component of 3D AOI/SPI equipment. The SLM is
used to project structured light onto the PCBAs 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 do 100%
inspection of populated PCBAs while also monitoring trends and
improving yields which reduces waste and cost. Such advanced
equipment is especially important for the growing electric vehicle
market. ForthDD’s SXGA (1280 x 1024 pixels) high resolution, fast
switching, all digital, high performance, proprietary FLCOS SLM is
the center piece of ForthDD’s SXGA-R12 product for the 3D AOI
market
Jeong Duck Kim, CEO of Nexstar, said, “ForthDD’s FLCOS SLM
technology has a reputation in the market for enabling 3D AOI and
SPI machines to deliver fast, reliable and accurate results, and we
are excited to be partnering with them on our Nexman GENIO range of
products.”
Greg Truman, CEO of ForthDD, said, “We are delighted to be
selected to supply the key projection component for Nexstar's new
3D AOI and SPI products. Winning Nexstar's business is another vote
of confidence in ForthDD by the marketplace. With this news, we are
now supplying our high speed, high performance SLMs to three
leading Korean 3D inspection equipment manufacturers, in addition
to other key manufacturers in China, Japan and Germany.”
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
Dalgety Bay, 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 Nexstar Technology
Nexstar Technology Co., Ltd. (Nexstar), headquartered in
Gyeonggi Province, South Korea, is a leading South Korean
inspection equipment manufacturer that supplies inspection
equipment for a wide range of products such as printed circuit
board assemblies (PCBAs), semiconductors, battery technology,
display technology and mobile device components to electronics
manufacturers. For more information, please visit Nexstar’s website
at www.nexstar21.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 expectations of market
growth and size of 3D AOI systems; and our continuing to supply our
high speed, high performance SLMs to the three leading Korean 3D
inspection equipment manufacturers, and other key manufacturers in
China, Japan and Germany. 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 25, 2021, or as updated from time to time our
Securities and Exchange Commission filings.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220621005331/en/
Marketing Forth Dimension Displays Limited Dr. Henning Molsen,
+49 (0) 173 5195795, Sales@forthdd.com
Investor Relations Kopin Corporation Richard Sneider, Treasurer
and Chief Financial Officer, 508-870-5959, rsneider@kopin.com or
Market Street Partners Joann Horne, 415-445-3233
JHorne@marketstreetpartners.com
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