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New order adds to prior material long-lead buy authorization
Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical systems and high-performance microdisplays for defense, training, industrial, consumer and medical products, today announced the award of an approximate $9 million follow-on production contract in support of a custom thermal imaging assembly build for a major U.S. defense prime contractor.
The custom eyepiece module integrates Kopin's microdisplay, lens and drive electronics within a durable, ruggedized enclosure. As a key component of a detachable man portable thermal weapon system, it enables warfighters to accurately detect enemy targets in harsh and demanding environments whether day or night enhancing their combat capabilities. Weapon sights and soldier-borne vision systems equip warfighters with superior capabilities over adversaries, delivering real-time, high-resolution situational intelligence to support rapid and informed decision making and sharper battlefield awareness.
"This follow-on contract further increases our strong backlog of future deliveries," said Bill Maffucci, SVP, Business Development and Strategy. "The consistent performance of our products has earned the trust and confidence of allied forces around the world. We believe this order reaffirms the proven reliability and mission-readiness of our eyepiece assemblies across critical U.S. and NATO-aligned weapon sight programs. We are proud to provide our defense customers with equipment that meets their requirements and seamlessly integrates with weapon sight sensors to deliver sharp, reliable visuals to the warfighter."
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 . Kopin is a trademark 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," "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 this follow-on contract extends further increases our strong backlog of future deliveries; and our belief that this order reaffirms the proven reliability and mission-readiness of our eyepiece assemblies across critical U.S. and NATO-aligned weapon sight programs. 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, as amended, for the fiscal year ended December 28, 2024, 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
