Kopin Receives $19.8 Million Order
Kopin Corporation (NASDAQ: KOPN) has received a $19.8 million order for its eyepiece subassembly used in the US Army's Family of Weapon Sight-Individual (FWS-I) thermal sight system. This order is part of a growing trend, bringing total production orders for FWS-I components to over $50 million. The company emphasizes its capability in designing and manufacturing complex microdisplay modules. Scheduled deliveries are set for Q4 2022.
- Received a $19.8 million order for FWS-I eyepiece subassembly.
- Total production orders for FWS-I components exceed $50 million.
- None.
Production order for the FWS-I Eyepiece Subassembly to be delivered into Q4 2022
The FWS-I thermal sight system uses a sophisticated video “see through” AR optical module using Kopin’s CyberDisplay® LCDs and our custom-designed Pancake® optics. This is the second large production order received by Kopin for the FWS-I eyepiece subassembly and the order has scheduled deliveries of the FWS-I eyepiece subassemblies into the fourth quarter of 2022.
"To-date we have received production orders totaling more than
About Kopin
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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. These forward-looking statements may include statements with respect to our expectation of delivering FWS-I units into the fourth quarter of 2022. 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
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VP of Government Programs,
bmaffucci@kopin.com
Treasurer and Chief Financial Officer
Richard_Sneider@kopin.com
or
JHorne@marketstreetpartners.com
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