Kopin Awarded Over $4 Million in Orders for Pilot Helmet Augmented Reality (AR) Display Systems

Business Wire 26-Feb-2025 9:00 AM

Kopin secures several contracts to supply microdisplays for pilot Helmet Mounted Display Systems across various platforms

Kopin Corporation (NASDAQ:KOPN), a leading provider of high-performance optical systems and microdisplays, announced today that it has been awarded multiple production orders for microdisplays to be used in several pilot helmet mounted display (HMD) systems.

"We are gratified by the continued trust that tier 1 prime contractors place on Kopin to deliver the high-performance custom-designed and tested microdisplays they need to meet our warfighters' needs," said Bill Maffucci, SVP Business Development and Strategy at Kopin Corporation. "The microdisplays used in these systems undergo an unparalleled level of performance and durability testing before being shipped to the customer for helmet integration. The aviation platforms that these systems are used on are the most advanced in the world and we are proud that our displays have been selected again to support and protect our pilots."

The HMD systems each use custom-designed highly reliable active-matrix liquid crystal (AMLCD) microdisplays that give the pilots extensive flight, tactical and sensor information, in augmented reality (AR) – meaning it is layered on top of the pilots direct view of their field of vision. This AR technology helps to enhance situational awareness, precision and safety—even when the pilot is operating in the harshest of tactical and environmental conditions.

"To date, we've supplied over 12,000 microdisplays for the world's most sophisticated military aircraft. These new orders solidify Kopin's role as the leading supplier of application-specific microdisplays and optical systems where and when performance matters the most," said Maffucci.

About Kopin

Kopin Corporation is a leading developer and provider of innovative display, and application-specific optical solutions sold as critical components and subassemblies for defense, enterprise, professional and consumer products. Kopin's portfolio includes microdisplays, display modules, eyepiece assemblies, image projection modules, and vehicle mounted and head-mounted display systems that incorporate ultra-small high-resolution Active Matrix Liquid Crystal displays (AMLCD), Ferroelectric Liquid Crystal on Silicon (FLCoS) displays, MicroLED displays (µLED) 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 or watch Kopin featured on Straight Arrow News https://tinyurl.com/3hwpw2zd. Kopin is a trademark of Kopin Corporation.

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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 belief that these new orders solidify Kopin's role as the leading supplier of application-specific microdisplays and optical systems. 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 30, 2023, or as updated from time to time by our Securities and Exchange Commission filings

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For Investor Relations Kopin Corporation Richard Sneider, Treasurer and Chief Financial Officer Richard_Sneider@kopin.com 508-870-5959

MZ Contact Brian M. Prenoveau, CFA MZ Group – MZ North America KOPN@mzgroup.us 561-489-5315

Lightspeed PR Contact Grace Halvorsen Lightspeed PR/M Kopin@lightspeedpr.com