Kopin Corporation

11/06/2024 | Press release | Distributed by Public on 11/06/2024 07:38

Kopin Announces Design Win from Assisted Reality Solution Provider, Get Your Way

WESTBOROUGH, Mass. - Kopin Corporation (NASDAQ: KOPN) a leading provider of application-specific optical systems and high-performance microdisplays for defense, training, enterprise, industrial, consumer and medical products, today announced that Get Your Way, a Belgian-based startup, has selected Kopin's Golden Pearl optical module for its aRdent 2 assisted reality solution, designed to enhance industrial operations and assist workers.

The aRdent 2 is an assisted reality device featuring a connected screen that allows operators to work hands-free, enhancing efficiency in industrial settings. This technology displays information directly in the worker's field of vision, even during active tasks. aRdent 2 is particularly useful in logistics (for picking tasks), inventory control, manufacturing and quality control. Its non-intrusive, lightweight design ensures comfort, making it ideal for enterprise use. In September 2024, "Get Your Way" announced that the aRdent 2 had launched and is ready for purchase.

"Kopin's cutting-edge optical modules play a pivotal role in the success of our aRdent 2 assisted reality device," said Nicolas Dessambre, CEO, Get Your Way. "Kopin's optical modules deliver outstanding quality, offering impressive screen resolution and optimal comfort for displaying detailed images. Kopin's ready-to-go optical modules have enabled Get Your Way to accelerate its time-to-market, freeing the company from the added time and costs associated with tooling and component development."

Kopin's Golden Pearl™ is a compact, low power optical module aimed for commercial and industrial applications. It integrates an Active-Matrix Liquid Crystal (AMLCD) display with WVGA (854 x 480 resolution, an efficient waveguide backlight and curved prism optics. The Golden Pearl provides a bright, full-color image with a 20° field of view and comfortably large eye box (8 x 5 mm).

"For over four decades, Kopin has been at the forefront of cutting edge microdisplay and optical solution technology," said Greg Truman, VP Business Development. "With more than 100,000 Pearl Optical Modules sold for smart glasses, our products play a significant role in the evolution of industrial wearables. The modules meet the demanding specifications required from enterprises and offer remarkable optical performance and ease of integration."

About Kopin

Kopin Corporation is a leading developer and provider of innovative display, and application-specific optical solutions sold as critical components and subassemblies for defense, enterprise, professional and consumer products. Kopin's portfolio includes microdisplays, display modules, eyepiece assemblies, image projection modules, and vehicle mounted and head-mounted display systems that incorporate ultra-small high-resolution Active Matrix Liquid Crystal displays (AMLCD), Ferroelectric Liquid Crystal on Silicon (FLCoS) displays, MicroLED displays (µLED) 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. Kopin is a trademark of Kopin Corporation.

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About Get Your Way

At Get Your Way, our mission is to empower individuals and businesses to work more efficiently and effectively through technology. We believe that by democratizing such a powerful technology and making it accessible to a wider audience, we can improve the working conditions of employees and create a positive impact on the society.

Our mission is to simplify technology and to focus on the essentials. We understand that technology can often be complex and overwhelming, which is why we take a different approach. Instead of focusing on virtual, mixed, or augmented reality, we advocate for a simplified approach with assisted reality. This approach allows us to focus on the essentials and improves the user experience.

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 by our Securities and Exchange Commission filings.

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Get Your Way

Antoine Malherbe, CTO & Co-founder

[email protected]

+32 492 03 45 25

www.getyourway.be

Kopin

For Investor Relations

Kopin Corporation

Richard Sneider, Treasurer and Chief Financial Officer

[email protected]

508-870-5959

MZ Contact (for Kopin)

Brian M. Prenoveau, CFA

MZ Group - MZ North America

[email protected]

561-489-5315

Lightspeed PR Contact (for Kopin)

Grace Halvorsen

Lightspeed PR/M

[email protected]