RealWear Selects Kopin Golden Pearl Microdisplay and Optics Display Module for RealWear Navigator™ 500

Rhea-AI Summary

Kopin Corporation (NASDAQ: KOPN) announced its supply of the upgraded Golden Pearl display module to RealWear for the recently launched RealWear Navigator 500, designed for industrial workers. The new module features a 0.32”, 24-bit full color, high-brightness LCD microdisplay, ensuring usability in bright environments.

CEO Dr. John C.C. Fan highlighted the display's efficiency for long-term use without eye strain, while RealWear's CEO praised the strategic partnership that enhances their products' performance and customer satisfaction.

Positive

• Supply of upgraded Golden Pearl display module to RealWear for Navigator 500 enhances product offering.
• Display module features high-brightness, suitable for outdoor use and comfortable long-term viewing.

Negative

• None.

The upgraded modular display features a 23-degree field of view and high brightness for comfortable full-shift use of RealWear’s latest assisted reality offering

WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin^® Corporation (NASDAQ: KOPN), a leading provider of high-resolution microdisplays for Augmented Reality (AR) and Virtual Reality (VR), today announced that it is supplying RealWear, the leading provider of assisted reality solutions for frontline industrial workers, with the newly updated Golden Pearl display module for RealWear’s recently launched RealWear Navigator™ 500 wearable device. The updated Golden Pearl features a 0.32”, 24-bit full color, high-brightness LCD microdisplay for easy outdoor/sunlight use and comfortable long-term viewing.

“With the launch of the HMT-1, RealWear quickly became the gold standard for advanced assisted reality head-mounted display systems for industrial use,” stated Dr. John C.C. Fan, CEO of Kopin Corporation. “RealWear Navigator 500 raises the bar further, enabling hands-free work with sophisticated visual support. It’s a very comprehensive solution to enhance worker productivity. Kopin’s power-efficient, high-brightness display module is designed to support full-shift use by providing bright, clear images and information in any lighting condition, including full sunlight, and can be used for long durations without eye strain or fatigue.”

“We’ve had a strategic relationship with Kopin since our inception,” said Andrew Chrostowski, Chairman and CEO of RealWear. “When we launched RealWear Navigator 500 with its revolutionary modular design, it made perfect sense to launch using Kopin’s next generation offering. Kopin’s deep expertise in microdisplays and optics, including capabilities across multiple microdisplay technologies, has enabled our team to design our human-centric products to exceed expectations of our customers, now and into the future.”

About Kopin

Kopin Corporation is a leading developer and provider of innovative wearable technologies and critical components and subsystems for integration into wearable systems for military, industrial and consumer products. Kopin's technology portfolio includes ultra-small displays, optics, speech enhancement technology, voice-interface and hands-free control software, low-power ASICs, and ergonomically designed smart headset reference systems. Kopin’s proprietary components and technology are protected by more than 250 global patents and patents pending. For more information, please visit Kopin's website at www.kopin.com.

Kopin is a trademark of Kopin Corporation.

About RealWear:

RealWear® is the world’s leading provider of assisted reality wearable solutions that engage, empower, and elevate the modern frontline industrial worker to perform work tasks more safely, and with increased efficiency and precision. RealWear gives these workers real-time access to information and expertise, while keeping their hands and field of view free for work. RealWear is field proven with world-class customers, including Shell, Goodyear, Mars, Colgate-Palmolive, and BMW, who use it to improve workplace safety while delivering unprecedented ROI.

RealWear is headquartered in Vancouver, Washington in the United States, with local offices in the United Kingdom, Singapore, Germany, Australia, the Netherlands, and Japan, along with a new customer experience center in Dubai. RealWear’s number one position was further strengthened with triple (3X) year-over-year growth in 2020. The company has shipped wearable devices to more than 5,000 unique enterprise customers worldwide in a range of industries, including Energy, Manufacturing, Food & Beverage, Automotive, and Telecommunications.

For more information, visit www.RealWear.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. These forward-looking statements may include statements with respect to the strategic relationship between Kopin and RealWear. 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 26, 2020, or as updated from time to time in the Company’s Securities and Exchange Commission filings.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220103005070/en/

For Investor Relations

Kopin Corporation

Richard Sneider, 508-870-5959

Treasurer and Chief Financial Officer

rsneider@kopin.com

Market Street Partners

Joann Horne, 415-445-3233

JHorne@marketstreetpartners.com

Source: Kopin Corporation

FAQ

What is the latest announcement from Kopin Corporation regarding their partnership with RealWear?

Kopin Corporation is supplying RealWear with the upgraded Golden Pearl display module for the Navigator 500, enhancing its industrial applications.

What are the features of the new Golden Pearl display module from Kopin?

The Golden Pearl display module features a 0.32”, 24-bit full color, high-brightness LCD microdisplay, optimized for outdoor use.

How does the new display module benefit industrial workers using RealWear devices?

It provides bright, clear images for any lighting condition, allowing for comfortable long-term viewing without eye strain.

What role does the upgraded display module play in RealWear's Navigator 500?

The upgraded display module enhances the usability and functionality of the Navigator 500 for frontline workers, supporting hands-free operation.