Kopin Appoints Ray Schubnel as Director of Quality

Rhea-AI Summary

Kopin Corporation (Nasdaq: KOPN) announced the appointment of Raymond Schubnel as Director of Quality effective February 13, 2023. Schubnel brings extensive experience in quality management from his previous role at Raytheon Technologies, enhancing Kopin's focus on application-specific optical systems. His background includes expertise in Six Sigma, Lean manufacturing, and semiconductor technology, which are expected to support the company’s expansion into defense, enterprise, and consumer markets. Schubnel holds a Bachelor’s degree from Lehigh University and an MBA from Harvard Business School.

Positive

• Appointment of experienced quality manager Ray Schubnel expected to enhance quality systems.
• Schubnel's extensive background in quality management and technology is a strong asset for Kopin's growth.

Negative

• None.

WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin® Corporation (Nasdaq: KOPN), a leading provider of application-specific optical systems for defense, enterprise, professional and consumer markets, today announced Mr. Raymond Schubnel has joined Kopin in the role of Director of Quality effective February 13, 2023.

“Ray brings an extensive background in quality management with deep experience in the strategic, scientific, and hands-on implementation of quality systems, Six Sigma, and Lean manufacturing. I am delighted and excited to have him join Kopin -- he will be a strong asset to the Company as we expand our focus on application-specific optical systems,” said Paul Baker, Chief Operating Officer.

Ray Schubnel joins Kopin from Raytheon Technologies where he held several quality and manufacturing leadership positions in the production of RF MMIC semiconductors through radar systems. Additionally, as a seasoned Program Manager, he strengthens Kopin’s ability to focus on customer success.

“I am thrilled to join the Kopin team and implement quality programs aimed at enhancing the Company’s exciting technologies and products. My experiences in semiconductor technology, complex mechanical-electrical assemblies, and the defense industry, as well as my passion for driving process and product-based quality improvements, will be an asset as Kopin expands its systems offerings for defense, enterprise, and consumer applications,” said Ray Schubnel.

Ray Schubnel earned his Bachelor of Science in Industrial Engineering degree from Lehigh University and his Master of Business Administration degree from Harvard Business School, and he is a certified Program Manager and Six Sigma Black Belt.

About Kopin

Kopin Corporation (“Kopin” or “the Company”) is a leading developer and provider of high-performance application-specific optical solutions consisting of high-resolution microdisplays, microdisplays subassemblies and related components for defense, enterprise, industrial, and consumer products. Our products are used for soldier, avionic, armored vehicle, and training & simulation defense applications; industrial, public safety and medical headsets; 3D optical inspection systems; and consumer augmented reality (“AR”) and virtual reality (“VR”) wearable headsets systems. 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," 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. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230327005287/en/

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

Source: Kopin Corporation

FAQ

Who is the new Director of Quality at KOPN?

Raymond Schubnel is the new Director of Quality at Kopin, effective February 13, 2023.

What experience does Ray Schubnel bring to KOPN?

Ray Schubnel has extensive quality management experience, including leadership roles at Raytheon Technologies.

How will Schubnel's appointment impact KOPN?

His expertise in quality systems and technology is expected to strengthen Kopin's focus on application-specific optical systems.

When did Raymond Schubnel join KOPN?

Raymond Schubnel joined Kopin on February 13, 2023.