Kopin Extends OLED Deposition Capabilities to Support US Department of Defense Initiatives
22 Maggio 2023 - 2:30PM
Business Wire
Kopin Corporation (NASDAQ: KOPN), a leading developer and
provider of high-resolution microdisplays and application-specific
optical sub-assemblies for defense, enterprise, consumer and
medical products, today announced it has executed partner
agreements for redundant and new OLED deposition capabilities for
its current and future OLED family of devices.
"Due to our non-proprietary silicon wafer-based OLED deposition
process and our highly integrated and flexible backplane design,
Kopin is able to utilize several OLED deposition sources globally
to support our customers’ cost, performance and continuity of
supply demands," said Bill Maffucci, Kopin's Senior Vice President
of Business Development and Strategy. “These new partnership
agreements extend our deposition supply base into several US
Department of Defense and NATO-friendly locations supporting
duplicity and continuity of our supply chain, while at the same
time bring more of the OLED packaging and testing processes
in-house at Kopin. In addition, Kopin has gained access through
these agreements to a broader set of OLED displays and other
advanced technologies, to further enhance our product
offerings.”
Kopin has developed a fab-lite strategy which is a blend of
internal manufacturing and assembly coupled with partnerships with
global leaders in wafer and deposition manufacturing
technologies.
“Continuity of sovereign supply is critical to our US Defense
customers and these agreements support that need while allowing
Kopin to support current and potential Consumer, Medical,
Industrial and Automotive customers with our Asia-based deposition
partners,” said Michael Murray, Kopin’s Chief Executive
Officer.
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 differentiated technology portfolio includes
ultra-small Active-Matrix Liquid Crystal displays (AMLCD), Liquid
Crystal on Silicon (LCOS) displays, Organic Light Emitting Diode
(OLED) displays, Micro LED (µLED) displays, a variety of optics,
and low-power ASICs. For more information, please visit Kopin's
website at www.kopin.com.
Kopin and CyberDisplay 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,"
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 include statements
with respect to our belief that demand for this order is due to the
current situation in Europe; and our belief that there are
significant opportunities for follow-on orders. 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 year ended December 31,
2022, or as updated from time to time our Securities and Exchange
Commission filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20230522005218/en/
For Product and sales information Kopin Corporation Bill
Maffucci, 508-870-5959 Sr. VP of Business Development and Strategy
bmaffucci@kopin.com
For Investor Relations Kopin Corporation Richard
Sneider Treasurer and Chief Financial Officer
rsneider@kopin.com
MZ Contact Brian M. Prenoveau, CFA MZ Group – MZ North
America KOPN@mzgroup.us +561 489 5315
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