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Kopin Corporation (symbol: KOPN) is a leading innovator in the wearable technology sector. For nearly three decades, the company has been at the forefront of developing cutting-edge solutions that enhance visual, verbal, audio, and head-gesture command capabilities in wearable headsets. Kopin's offerings are utilized across various sectors including consumer electronics, military, and industrial applications.
The company's core products include high-resolution microdisplays, optical modules, and complete headset solutions. These products are designed to serve a wide array of applications, from training and simulation for military personnel to advanced medical devices. Kopin's microdisplays and spatial light modulators are particularly noteworthy for their high performance and reliability, often used in critical defense technologies such as head-mounted displays for the F-35 fighter jet.
Kopin Corporation is also committed to continuous innovation, offering both individual components and integrated reference systems. This flexibility allows their customers to either incorporate specific Kopin technologies into their own designs or adopt complete, ready-to-use solutions. The company operates primarily in the Americas but also has a significant presence in the Asia-Pacific, Europe, and other regions.
Recent achievements include partnerships with major defense contractors and advancements in their optical solutions for augmented and virtual reality applications. Financially, Kopin has demonstrated robust performance, driven by their diversified product portfolio and expanding market reach.
Innovation is at the core of Kopin's mission, as they continue to pioneer new technologies that seamlessly integrate computing capabilities into everyday human experiences. With a legacy of excellence and a forward-looking approach, Kopin Corporation is enabling a new era in wearable technology.
Kopin (NASDAQ: KOPN) has secured a contract to develop a next-generation Night HUD (Heads Up Display) module for warfighters using night vision goggles. The Night HUD is designed to integrate with existing night vision devices, providing augmented reality capabilities and supporting tactical data inputs like the Android Tactical Assault Kit (ATAK).
Key features of the advanced Night HUD include:
- Higher resolution for sharper augmented imagery
- Improved readability
- Wider field of view
- Reduced weight and slimmer profile
The technology aims to enhance tactical operations and boost operational effectiveness while maintaining situational awareness without risking light exposure. Future versions are expected to offer full-color nighttime augmented reality capabilities.
Kopin (NASDAQ: KOPN) has secured its first production purchase order for the new SXGA-R15 microdisplay system for 3D Automated Optical Inspection (3D AOI) from Mirtec Co. of South Korea. The order includes a combination of Kopin's previous generation systems and the new SXGA-R15 system, with the majority being for the new model. Delivery is expected in 2025.
The SXGA-R15 offers a 25% reduction in size and weight compared to Kopin's previous product, along with high performance at a lower cost. It is designed for accurate defect detection in high-speed manufacturing environments. Zion Market Research predicts the global 3D AOI systems market will grow from $700 million to $3 billion by 2030.
Kopin (NASDAQ: KOPN) has announced its participation in AUSA 2024, the Army's premier event for professional development and North America's largest land power expo, taking place in Washington, DC from October 14-16. As a leading provider of optical systems and microdisplays for various industries, including defense, Kopin will showcase its innovative technologies for warfighters.
During the event, Kopin will demonstrate:
- Daytime and nighttime augmented HUD modules (DayVAS™ and DarkWAVE™)
- MicroLED technology
- NeuralDisplay™ technology
- Other defense and training products
Kopin's participation aligns with AUSA's core principle of fostering innovation and demonstrating the value of innovative programs and technology. Attendees can schedule meetings with Kopin experts by contacting sales@kopin.com.
Kopin (NASDAQ: KOPN), a provider of optical systems and microdisplays, announces its participation in VISION 2024, Europe's premier machine-vision trade show, from October 8-10 in Stuttgart, Germany. The company will showcase its latest SXGA-R15 microdisplay system, primarily used in 3D Automated Optical Inspection (3D AOI) machines. Kopin will also demonstrate higher resolution microdisplay systems for inspection applications.
Visitors can find Kopin at booth 75, Hall 10 throughout the event. The company invites attendees to learn about their products, interact with experts, and explore innovative applications. For more information on the SXGA-R15 and event registration, links are provided in the press release.
Kopin (NASDAQ: KOPN) has secured a contract to develop a next-generation, daytime-readable, augmented reality HUD (Head-Up Display) technology for warfighters. The new HUD aims to offer enhanced resolution, better daytime readability, and a greater see-through field of view while requiring less power. Key features include:
- Higher-resolution OLED microdisplay
- Larger see-through daytime readable field of view
- Superior power efficiency compared to waveguides
- Better visual acuity
- Lighter weight and lower profile
- A path to full-color daytime readability
The contract will allow Kopin to enhance its existing HUD capabilities, with the goal of releasing a deployable product for warfighters.
Kopin (NASDAQ: KOPN) has received a $1.3 million follow-on order for its Emerald microdisplay module to support a major weapon sight program. This order is part of an ongoing multi-year production program. The Emerald module is a fully integrated system featuring Kopin's monochrome transmissive AMLCD with SVGA resolution, LED backlight, and integrated drive electronics.
Bill Maffucci, Sr. VP of Business Development and Strategy at Kopin, highlighted that the Emerald microdisplay module delivers critical data to the warfighter's thermal sight with unparalleled clarity and brightness. The module incorporates Kopin's CyberDisplay® architecture, which has been used in over 300,000 weapon sight systems. Maffucci also stated that this follow-on order underscores the quality and reliability of Kopin's products and may lead to significant revenue and profitable growth, particularly in thermal weapon sight production volume for fiscal year 2025.
Kopin (NASDAQ: KOPN) has announced the pricing of a public offering of 37,550,000 shares of common stock at $0.65 per share. Additionally, they are offering pre-funded warrants to purchase 4,000,000 shares at $0.64 per warrant. The aggregate gross proceeds are expected to be approximately $27 million. Kopin plans to use the net proceeds for general corporate purposes, including working capital, internal R&D, capital expenditures, and potential litigation-related payments. The offering is expected to close around September 23, 2024. Canaccord Genuity is acting as the sole book runner, with Lake Street Capital Markets as co-manager.
Kopin (NASDAQ: KOPN), a provider of optical systems and microdisplays, has announced plans for a public offering of common stock and pre-funded warrants. The company intends to grant underwriters a 30-day option to purchase up to an additional 15% of the shares sold. Canaccord Genuity is acting as the sole bookrunner for the offering.
Kopin plans to use the net proceeds for general corporate purposes, including working capital, funding internal research and development, neural display, capital expenditures, and potential payments related to pending litigation judgements or appeals. The offering is subject to market conditions, with no assurance of completion or final terms.
A preliminary prospectus supplement and accompanying prospectus will be filed with the SEC and available on their website. Interested investors can obtain copies from Canaccord Genuity
Kopin (NASDAQ: KOPN) has received a second production order for the CR3 wearable surgical monitor from HMDmd, Inc. The CR3 is a lightweight, ergonomic head-mounted display that provides 3-D imagery in full-HD resolution and is 4K video compatible. It's designed for use with 2-D and 3-D endoscopes and microscopes, offering surgeons a constant high-resolution video of the surgical field while maintaining visual access to the operating room.
The order follows positive feedback from surgical equipment manufacturers. The market opportunity is estimated to grow to over 750,000 HMDs worldwide, with a potential 2029 delivery opportunity of up to 150,000 units. The CR3 is expected to be particularly beneficial for microscopy, minimally invasive surgery, digital and robotic surgery, and interventional medicine.
Kopin (NASDAQ: KOPN) has received a $2 million follow-on production order for its high-brightness active-matrix liquid crystal displays (AMLCD) from Collins Aerospace. This order supports the F-35 Lightning II Helmet Mounted Display System (HMDS), developed by Collins Elbit Vision Systems (CEVS). The F-35, the world's most advanced 5th Generation fighter jet, uses Kopin's microdisplay in its augmented reality helmet to provide pilots with important flight, tactical, and sensor information.
Kopin is the exclusive supplier of the unique microdisplay technology required for these functionalities in extreme conditions. The company is also transitioning to its next-generation Organic Light Emitting Diode on Silicon (OLEDoS) microdisplay, which has recently achieved the final milestone in the qualification process.
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