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Kopin Expands into India Defense Market with Third Production Order Supporting Mounted and Handheld Thermal Vision Systems

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Kopin (NASDAQ: KOPN) has secured a third production order for its OLED microdisplays for thermal imaging vision systems to be used by the Indian Armed Forces, expanding its customer base. The order consists of over 1,200 units to be delivered over six months, enhancing situational awareness and performance for end users. This move allows Kopin to tap into the Indian defense market, showcasing the quality and reliability of its products.

Kopin (NASDAQ: KOPN) ha ottenuto un terzo ordine di produzione per i suoi microdisplay OLED per sistemi di visione termica, destinati alle Forze Armate Indiane, ampliando così la sua base di clienti. L'ordine comprende oltre 1.200 unità che verranno consegnate nel corso di sei mesi, migliorando la consapevolezza situazionale e le prestazioni degli utenti finali. Questa mossa permette a Kopin di entrare nel mercato della difesa indiano, dimostrando la qualità e l'affidabilità dei suoi prodotti.
Kopin (NASDAQ: KOPN) ha asegurado un tercer pedido de producción para sus microdisplays OLED destinados a sistemas de visión térmica que serán utilizados por las Fuerzas Armadas de la India, ampliando así su base de clientes. El pedido incluye más de 1.200 unidades que deberán ser entregadas en un período de seis meses, mejorando la conciencia situacional y el rendimiento de los usuarios finales. Este paso permite a Kopin penetrar en el mercado de defensa indio, demostrando la calidad y fiabilidad de sus productos.
Kopin (나스닥: KOPN)은 인도 무장 세력이 사용할 열 화상 시각 시스템용 OLED 마이크로디스플레이에 대한 세 번째 생산 주문을 확보하면서 고객 기반을 확장하였습니다. 주문은 6개월 이내에 납품될 1,200개 이상의 유닛으로 구성되어 있으며, 최종 사용자의 상황 인식과 성능을 향상시킵니다. 이 조치를 통해 Kopin은 인도 방위 시장에 진입할 수 있게 되며, 그 제품의 품질과 신뢰성을 입증할 수 있습니다.
Kopin (NASDAQ : KOPN) a sécurisé une troisième commande de production pour ses micro-écrans OLED destinés aux systèmes de vision thermique utilisés par les Forces Armées Indiennes, élargissant ainsi sa base de clients. La commande comprend plus de 1 200 unités qui seront livrées sur six mois, améliorant la conscience situationnelle et les performances des utilisateurs finaux. Ce mouvement permet à Kopin de pénétrer le marché de la défense indienne, démontrant ainsi la qualité et la fiabilité de ses produits.
Kopin (NASDAQ: KOPN) hat einen dritten Produktionsauftrag für seine OLED-Mikrodisplays für thermografische Sichtsysteme erhalten, die von den indischen Streitkräften genutzt werden sollen, und erweitert damit seine Kundenbasis. Der Auftrag umfasst über 1.200 Einheiten, die innerhalb von sechs Monaten geliefert werden sollen, was das situative Bewusstsein und die Leistung der Endbenutzer verbessert. Dieser Schritt ermöglicht es Kopin, in den indischen Verteidigungsmarkt einzudringen und die Qualität und Zuverlässigkeit seiner Produkte zu demonstrieren.
Positive
  • Kopin secures a third production order for OLED microdisplays for thermal imaging vision systems, expanding its customer base.

  • Over 1,200 units ordered for delivery over six months, enhancing situational awareness and performance for end users.

  • The order allows Kopin to tap into the Indian defense market, showcasing the quality and reliability of its products.

Negative
  • None.

WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical solutions and high-performance microdisplays for defense, enterprise, consumer, and medical products, has further expanded its customer base by receiving a third production order for its Organic Light Emitting Diode (OLED) microdisplays, for use in thermal imaging vision systems - both mounted and handheld for Indian Armed Forces. Under the terms of the latest production order for over 1,200 units, deliveries take place over a six-month time span.

Kopin’s highly efficient OLED microdisplays are ideal for portable thermal imaging vision systems, because of their ultra-compact size and low power, which makes them suitable for mobile battery-powered applications. The high-resolution display provided in this order will deliver essential information to end users and provide them with additional situational awareness and a performance advantage.

“We are pleased to add international thermal imaging applications to our strong portfolio of domestic thermal sight eyepiece assemblies,” stated Bill Maffucci, Kopin’s Senior Vice President of Business Development and Strategy. “The opportunity to supply display products to the Indian Armed Forces provides us with a significant expansion of our addressable market. The selection of Kopin display products for this application is a testament to the high performance, quality and reliability of our OLED products and our commitment to on-time and in-full deliveries.”

About Kopin

Kopin Corporation is a leading developer and provider of innovative display and optical technologies sold as critical components and subassemblies for defense, industrial and consumer products. Kopin’s technology portfolio includes ultra-small Active-Matrix Liquid Crystal Displays (AMLCD), Liquid Crystal on Silicon (LCOS) displays 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.

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. 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 for the fiscal year ended December 30, 2023, or as updated from time to time our Securities and Exchange Commission filings.

Kopin Corporation:

Bill Maffucci, 508-870-5959

SVP of Business Development and Strategy

bmaffucci@kopin.com

Richard Sneider, 508-870-5959

Treasurer and Chief Financial Officer

Richard_Sneider@kopin.com

or

MZ:

Brian M. Prenoveau, CFA, 561 489 5315

MZ Group – MZ North America

KOPIN@mzgroup.us

Source: Kopin Corporation

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