Kopin Awarded Gold by Prestigious Globee Business Awards

Rhea-AI Summary

Kopin (NASDAQ: KOPN) has been awarded Gold by the Globee Business Awards in the 'Achievement in Product or Service Innovation' category. The recognition comes for achieving the final milestone in production qualification of its high-performance Organic Light Emitting Diode on Silicon (OLEDoS) display for Collins Aerospace's F-35 Lightning II Helmet Mounted Display System (HMDS). CEO Michael Murray emphasized that this award validates Kopin's leadership in developing cutting-edge products and their commitment to technological innovation.

Positive

• Achieved production qualification milestone for F-35 OLEDoS display
• Received Gold award recognition for product innovation
• Secured position in F-35 Lightning II Helmet Mounted Display System program

Negative

• None.

Insights

Financial Analyst

The Globee Business Award recognition, while prestigious, lacks direct financial implications. However, the underlying achievement it celebrates - production qualification for F-35 HMDS displays - carries significant business potential. The F-35 program represents a major long-term revenue opportunity, with over 3,000 aircraft planned for production through 2037. Collins Aerospace's HMDS system is a critical component of every F-35, making this qualification a key milestone for future revenue streams.

The OLEDoS display technology positions KOPN well in the growing military aviation market, where high-performance displays are essential. While current market cap of $89.8M suggests room for growth, investors should monitor production ramp-up timelines and actual order flow to gauge near-term financial impact.

Kopin recognized for achieving production approval milestone on next generation F-35 OLEDoS microdisplay

WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin Corporation (NASDAQ: KOPN) a leading provider of application-specific optical systems and high-performance microdisplays for defense, training, enterprise, industrial, consumer and medical products, is excited to announce that it has been awarded Gold by the prestigious Globee Business Awards in the “Achievement in Product or Service Innovation” category. This accolade is in recognition of Kopin's final milestone in the production qualification of its high performance Organic Light Emitting Diode on Silicon (OLEDoS) display for Collins Aerospace’s F-35 Lightning II Helmet Mounted Display System (HMDS).

"We are incredibly honored to receive this recognition from the Globee Business Awards," said Michael Murray, CEO, President and Chairperson of Kopin Corporation. "Winning this Gold Globee Business Award underscores Kopin's role as a leader in developing cutting-edge products that meet even the most stringent demands. It stands as a testament to Kopin’s commitment to excellence in technology and innovation. Our team's dedication to pushing the boundaries of technology has once again proven successful, and this award is a celebration of their hard work and ingenuity."

The Globee Business Awards is a global program that honors the world’s best in business and innovation. Kopin’s Gold Award highlights the company’s continued impact on the industry and its steadfast commitment to delivering high-quality products that drive progress and innovation.

See the full list of winners, including Kopin: https://globeeawards.com/business-awards/winners/

Read “Kopin Achieves Production Approval Milestone On Next Generation F-35 OLEDoS Microdisplay”: https://tinyurl.com/3wkztt6p

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.

Follow us on LinkedIn, X and Facebook.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241031096095/en/

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

Source: Kopin Corporation

FAQ

What award did Kopin (KOPN) receive from Globee Business Awards in 2024?

Kopin received the Gold award in the 'Achievement in Product or Service Innovation' category for achieving production qualification of its OLEDoS display for the F-35 HMDS.

What is the significance of Kopin's (KOPN) OLEDoS display milestone?

The milestone represents final production qualification approval for Kopin's OLEDoS display, which will be used in Collins Aerospace's F-35 Lightning II Helmet Mounted Display System.

What military program is Kopin (KOPN) supplying displays for?

Kopin is supplying OLEDoS displays for the F-35 Lightning II Helmet Mounted Display System (HMDS) program in collaboration with Collins Aerospace.