Kopin Secures Follow-On Orders for Joint Strike Fighter

WESTBOROUGH, Mass.

Kopin^® Corporation (NASDAQ: KOPN), the largest U.S. manufacturer of display systems for mobile consumer and military applications, today announced it has received $1.8M in follow-on production orders for high brightness SXGA displays in support of the F-35 program. These orders, to be fulfilled over a fifteen-month period, support continued deliveries of the F-35 Helmet Mounted Display System (HMDS) by Rockwell Collins.

(Photo: Business Wire)

“These follow-on orders from Rockwell Collins support two initial production phases (LRIP 7 & 8) and are a testament to the quality, performance and reliability of our display products,” said President and Chief Executive Officer Dr. John C. C. Fan. “As you would expect, the system requirements for such a helmet are very demanding and Kopin’s SXGA, which is based on our new 8 inch wafer process and NanoJet technology, was chosen to as an integral part of the F-35 HMDS.”

The F-35’s Helmet Mounted Display System provides pilots with unprecedented situational awareness. All the information pilots need to complete their missions – airspeed, heading, altitude, targeting information and warnings – is projected on the helmet’s visor, rather than on a traditional Heads-up Display. This approach greatly reduces the pilot’s workload and increases responsiveness. Additionally, the F-35’s Distributed Aperture System (DAS) streams real-time imagery from six infrared cameras mounted around the aircraft to the helmet, allowing pilots to “look through” the airframe.

“Our high brightness (>5,000fL) display is used during all operational conditions, including bright daytime conditions,” stated Bill Maffucci, the Company’s Vice President of Government Programs. “The proven performance and reliability and low life-cycle cost of our AMLCD products, especially in high brightness overlay applications are unsurpassed. We enjoy a strong relationship with Rockwell Collins and expect increased demand well beyond the current orders.”

About Kopin

Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions. Kopin’s technology portfolio includes ultra-small displays, optics, speech enhancement technology, software, low-power ASICs, and ergonomically designed headset computing systems. Kopin’s proprietary components and technology are protected by more than 200 global patents and patents pending. For more information, please visit Kopin’s website at www.kopin.com.

Safe Harbor Statement

Statements in this news release may be considered “forward-looking” statements under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include statements relating to the $1.8M in follow-on production orders for high brightness SXGA displays are to be fulfilled over a fifteen-month period and our expectation of increased demand well beyond the current orders. 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 U.S. military may cancel the orders; the loss of significant customers; the potential that costs to produce the Company’s microdisplay technology will increase significantly, or that yields will decline; the potential that the Company’s military customers might be unable to ramp production volumes of their products; either Kopin or Rockwell Collins may terminate its relationship with the other company; and other risk factors and cautionary statements listed in the Company’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 27, 2014, and the Company’s subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this report.

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Kopin Visual Products Group
Bill Maffucci, 831-430-0688
Vice President Government Programs
bmaffucci@kopin.com
or
Investor Relations
Richard Sneider, 508-824-6696
CFO
rsneider@kopin.com
or
JoAnn Horne, 415-445-3233
jhorne@marketstreetpartners.com