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Kopin Receives $1.5M Follow-On Contract for Near Eye Thermal Imaging Solution for Firefighters

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Kopin (NASDAQ: KOPN) has secured a $1.5 million follow-on contract to supply a near eye, thermal imaging vision system for firefighter masks. The system includes a miniaturized AMLCD and optics integrated into the mask's facepiece, connected to a small thermal camera mounted on the side. This hands-free solution allows firefighters to view clear, real-time thermal imagery in their line of sight, unaffected by smoke or other environmental conditions.

The system aims to enhance firefighters' effectiveness during search and rescue missions by freeing up both hands and providing greater situational awareness. Deliveries for this contract are planned throughout the 2025 calendar year.

Kopin (NASDAQ: KOPN) ha ottenuto un contratto supplementare da 1,5 milioni di dollari per fornire un sistema di visione termica a controllo remoto per le maschere dei pompieri. Il sistema include un AMLCD miniaturizzato e ottiche integrate nel facciale della maschera, collegate a una piccola telecamera termica montata lateralmente. Questa soluzione a mani libere consente ai pompieri di visualizzare immagini termiche chiare e in tempo reale nel loro campo visivo, non influenzate da fumi o altre condizioni ambientali.

Il sistema mira a migliorare l'efficacia dei pompieri durante le missioni di ricerca e soccorso, liberando entrambe le mani e fornendo una maggiore consapevolezza situazionale. Le consegne per questo contratto sono pianificate durante l'anno solare 2025.

Kopin (NASDAQ: KOPN) ha conseguido un contrato adicional de 1.5 millones de dólares para suministrar un sistema de visión térmica cercano a los ojos para las máscaras de bomberos. El sistema incluye un AMLCD miniaturizado y ópticas integradas en la parte frontal de la máscara, conectadas a una pequeña cámara térmica montada en el lateral. Esta solución manos libres permite a los bomberos ver imágenes térmicas claras y en tiempo real en su línea de visión, sin verse afectada por el humo u otras condiciones ambientales.

El objetivo del sistema es mejorar la efectividad de los bomberos durante las misiones de búsqueda y rescate, liberando ambas manos y proporcionando una mayor conciencia situacional. Las entregas de este contrato están programadas a lo largo del año calendario 2025.

Kopin (NASDAQ: KOPN)이 소방관 마스크용 근거리 열화상 시각 시스템을 공급하기 위해 150만 달러의 후속 계약을 체결했습니다. 이 시스템은 마스크 얼굴 부분에 통합된 소형 AMLCD와 광학 장치를 포함하며, 측면에 장착된 소형 열화상 카메라에 연결됩니다. 이 핸즈프리 솔루션은 소방관이 연기나 다른 환경 조건에 영향을 받지 않고 시야에서 선명한 실시간 열 영상을 볼 수 있게 해줍니다.

이 시스템은 소방관들의 검색 및 구조 임무 중 효과성을 높이기 위해 두 손을 자유롭게 하고 더 나은 상황 인식을 제공하는 것을 목표로 합니다. 이 계약의 인도는 2025년 내내 계획되어 있습니다.

Kopin (NASDAQ: KOPN) a sécurisé un contrat additionnel de 1,5 million de dollars pour fournir un système de vision thermique à proximité pour les masques de pompier. Le système comprend un AMLCD miniaturisé et des optiques intégrées dans la partie frontale du masque, reliées à une petite caméra thermique montée sur le côté. Cette solution sans les mains permet aux pompiers de voir des images thermiques claires et en temps réel dans leur champ de vision, sans être affectées par la fumée ou d'autres conditions environnementales.

Le système vise à améliorer l'efficacité des pompiers lors des missions de recherche et de sauvetage en libérant les deux mains et en fournissant une meilleure conscience situationnelle. Les livraisons pour ce contrat sont prévues tout au long de l'année civile 2025.

Kopin (NASDAQ: KOPN) hat einen Nachtragsvertrag über 1,5 Millionen Dollar zur Lieferung eines Nahfeld-Temperaturmesssystems für Feuerwehrmasken gesichert. Das System umfasst ein miniaturisiertes AMLCD und optische Komponenten, die in das Maskengesichtsteil integriert sind, verbunden mit einer kleinen thermischen Kamera, die an der Seite montiert ist. Diese freihändige Lösung ermöglicht es Feuerwehrleuten, klare, Echtzeit-Thermografie in ihrem Sichtfeld zu sehen, unbeeinflusst von Rauch oder anderen Umgebungsbedingungen.

Das System soll die Effektivität der Feuerwehrleute bei Such- und Rettungsmissionen verbessern, indem es beide Hände freigibt und ein besseres situatives Bewusstsein schafft. Die Lieferungen für diesen Vertrag sind für das gesamte Jahr 2025 geplant.

Positive
  • Secured $1.5 million follow-on contract for thermal imaging vision system
  • Innovative product enhancing firefighter effectiveness and safety
  • Continued partnership with repeat customer indicates product reliability
  • Planned deliveries throughout 2025 suggest stable revenue stream
Negative
  • None.

Insights

Kopin's $1.5 million follow-on contract for their near-eye thermal imaging solution marks a significant advancement in firefighting technology. This hands-free system integrates seamlessly into firefighter masks, offering a crucial advantage over traditional handheld thermal cameras.

The system's core components - a miniaturized AMLCD and specialized optics - demonstrate Kopin's expertise in creating compact, high-performance displays for challenging environments. The ability to provide clear, real-time thermal imagery directly in the firefighter's line of sight, unaffected by smoke or other environmental factors, is a game-changer for search and rescue operations.

From a technological standpoint, this contract underscores Kopin's position as a leader in specialized optical solutions. The ruggedized, adjustable nature of the system speaks to its durability and versatility - critical factors in the demanding firefighting environment. This follow-on contract suggests that initial deployments have been successful, validating the technology's real-world effectiveness.

Looking ahead, this contract could pave the way for broader adoption of Kopin's technology in other high-risk professions where situational awareness is paramount. The potential for expanding into adjacent markets, such as law enforcement or industrial safety, could represent significant growth opportunities for Kopin.

The $1.5 million follow-on contract is a positive development for Kopin (NASDAQ: KOPN), albeit modest in scale. This contract signals customer satisfaction and potential for future orders, which is important for a company specializing in niche, high-tech solutions.

Financially, while the contract value may not significantly impact Kopin's overall revenue immediately, it's important to consider the strategic implications. The firefighting sector represents a stable, government-backed market with potential for long-term, recurring revenue. As cities and fire departments upgrade their equipment, Kopin could see increased demand and larger contracts in the future.

Investors should note that the deliveries are planned throughout the 2025 calendar year, indicating a long-term revenue stream rather than an immediate boost to the bottom line. This extended timeline also suggests confidence in Kopin's ability to deliver, potentially reducing execution risk.

From a market perspective, Kopin's success in this niche could attract attention from larger players in the defense and safety sectors, potentially making the company an attractive acquisition target. However, it's important to balance this potential with the company's overall financial health, market position and growth in other segments before making investment decisions.

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, today announced it has been awarded a follow-on contract to supply a near eye, thermal imaging vision system, designed to fit inside of a firefighter mask.

The cutting-edge firefighting mask dramatically enhances the firefighter’s effectiveness in operating in smoke-filled buildings and saving potential victims. The mask includes a Kopin thermal imaging vision system composed of a miniaturized AMLCD (active-matrix liquid crystal display) and optics, integrated into the mask’s facepiece. A firefighter looks at Kopin’s display inside the mask, which is connected to a small thermal camera mounted to the side of the mask, enabling the firefighter to operate the display system hands-free and view clear, real-time video of thermal imagery in their line of view, unaffected by environmental conditions, such as smoke.

Traditionally firefighters have relied on handheld thermal imaging cameras, which can hinder their performance, focus and dexterity. The ruggedized, in-mask, thermal imaging vision system is an adjustable optical solution that adapts to the firefighter, freeing both hands, and enhancing their effectiveness during life-saving search and rescue missions.

“Firefighters require a reliable vision system that offers them greater situational awareness and consistent thermal imaging performance in very hostile environments,” said Bill Maffucci, SVP of Business Development and Strategy. “We are proud of our long-standing relationship with this repeat customer and their confidence in Kopin engineering and products. We look forward to our continued partnership and meeting their full production needs with our custom optical module solution.”

Deliveries of Kopin’s thermal imaging vision system, in support of the $1.5 million follow-on contract, are planned throughout the 2025 calendar year.

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. These forward-looking statements may include statements with respect to our expectation of a continued partnership and meeting their full production needs with our custom optical module solution; and our expectation of deliveries of Kopin’s thermal imaging vision system, in support of the $1.5 million follow-on contract, throughout the 2025 calendar year. 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 Contact:

Brian M. Prenoveau, CFA, 561 489 5315

MZ Group – MZ North America

KOPN@mzgroup.us

Or

LightSpeed PR

Michael Farino

michael@lightspeedpr.com

Source: Kopin Corporation

FAQ

What is the value of Kopin's new contract for firefighter thermal imaging systems?

Kopin (NASDAQ: KOPN) has been awarded a $1.5 million follow-on contract for their near eye, thermal imaging vision system designed for firefighter masks.

When are the deliveries for Kopin's firefighter thermal imaging systems scheduled?

Deliveries of Kopin's thermal imaging vision system, in support of the $1.5 million follow-on contract, are planned throughout the 2025 calendar year.

How does Kopin's thermal imaging system benefit firefighters?

Kopin's system provides hands-free, real-time thermal imagery in the firefighter's line of view, enhancing situational awareness and effectiveness during search and rescue missions, especially in smoke-filled environments.

What components are included in Kopin's firefighter thermal imaging system?

The system includes a miniaturized AMLCD (active-matrix liquid crystal display), optics integrated into the mask's facepiece, and a small thermal camera mounted to the side of the mask.

Kopin Corp

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