Kopin Announces an Agreement with Olympus to Jointly Develop Ultra-Compact Display Modules for Emerging Headset Market
TAUNTON, Mass.--(BUSINESS WIRE)-- Kopin Corporation (NAS: KOPN) announced it has signed an agreement with Olympus Corporation (TOKYO:7733) to co-develop ultra-compact display modules for emerging consumer headsets, often referred to as Video Eyewear or Glass, for computing and communication applications. For comfort and ease of use, the consumer headsets should be super small and light. The agreement pairs Olympus, the world leader in very small optics used for medical applications, with Kopin whose unique high-resolution liquid crystal displays (CyberDisplay® products) exhibit extremely high brightness and very low power consumption.
Mr. Yoichi Iba, senior general manager of Corporate R&D center, Olympus Corporation, stated, "The key for the success of consumer headsets is to integrate very compact optics with bright and power-efficient displays. The unique technologies of Olympus and Kopin are a perfect match for this market."
Mr. Hideki Tomine, VP of Display Marketing of Kopin, said, "We are at the threshold of a major technology disruption for ultra-compact optical modules for this emerging market and we plan for a series of innovative optical module solutions. Kopin will market these optical modules, with a goal to start production in 2H 2013."
Kopin Corporation is developing Golden-i®, a proprietary voice-activated, cloud computing, wireless, hands-free technology with microdisplay capabilities for use in headset computers. Kopin's ultra-small liquid crystal displays and modules have been used for a range of consumer and military applications. Kopin's unique HBTs (heterojunction bipolar transistors), which help to enhance battery life, talk time and signal clarity, have been integrated into billions of wireless handsets as well as into WiFi, VoIP and high-speed Internet data transmission systems. Kopin's proprietary technologies are protected by more than 200 global patents and patents pending. For more information, please visit Kopin's website at www.kopin.com and www.mygoldeni.com.
Kopin, CyberDisplay, Golden-i and The NanoSemiconductor Company are trademarks of Kopin Corporation.
Kopin - The NanoSemiconductor Company™
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 Olympus and Kopin technology being a perfect match for the headset market; plans for a series of innovative module solutions; and a goal to start module production in 2H 2013. These risks and uncertainties include, but are not limited to: our ability to design and produce the ultra-compact display module products in volumes and at a cost sufficient to sell them profitably; customer demand for the ultra-compact display modules; competitive products and pricing; manufacturing delays, technical issues, economic conditions or external factors that may prevent the Company from achieving its forecasts; 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 31, 2011, 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.
Richard Sneider, 508-824-6696
Treasurer and Chief Financial Officer
Sharon Merrill Associates
Scott Solomon, 617-542-5300
KEYWORDS: United States North America Massachusetts
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