Kopin to Enter the OLED Microdisplay Market for Mobile VR and AR with New Technology and Business Model

New Approach creates first fully Fabless OLED microdisplay model and Technology Breakthrough in Speed and Power

WESTBOROUGH, Mass.--()--Kopin® Corporation (Nasdaq:KOPN), a leading developer and provider of innovative wearable technologies and solutions for mobile virtual reality, augmented reality, and wearable computing systems, today announced the entry into the fast growth OLED microdisplay market with first product demonstrations to be shown at CES 2017.

“With the addition of OLED microdisplays and modules to our product portfolio, we now offer our customers a variety of display technologies and optics, enabling our customers to evaluate different designs to create the optimal product of their targeted application.”

Most mobile virtual reality (VR) systems use smartphone-size panels on glass and large optics, resulting in bulky, heavy, power hungry solutions. In addition, the display resolution of the smartphone panels is not sufficient for the large field of view required for VR, resulting in poor image quality with screen door effect. OLED microdisplays based on Si backplane are much smaller, yet offer higher resolution, and use more compact optics, providing the potential for smaller, lighter, more power efficient VR headset solutions with smooth image and low latency.

Recognizing this value proposition, Kopin has developed a novel silicon backplane structure to drive high-speed OLED-on-silicon microdisplays for truly immersive VR systems without those size, weight and power constraints of today’s direct view products. Kopin’s OLED microdisplay, protected by 10 patents pending, is an ultra high resolution, high speed, low power and small form factor display that delivers a superior user experience for mobile and wearable systems.

OLED-on-silicon microdisplays consist of two key elements: the silicon backplane and the OLED emissive layer. What is unique about Kopin’s business model is that both of these manufacturing operations are outsourced to dedicated foundries, while the design expertise resides within Kopin. It is the first fully fabless OLED microdisplay business model.

“Kopin has been one of the largest and most successful suppliers of microdisplay systems with over 30 million AMLCD and LCOS products shipped,” said Dr. John C.C. Fan, Kopin’s CEO and founder. “With the addition of OLED microdisplays and modules to our product portfolio, we now offer our customers a variety of display technologies and optics, enabling our customers to evaluate different designs to create the optimal product of their targeted application.”

According to IDTechEx, OLED microdisplays will see a strong 15% CAGR growth rate over the 2015-2025 timeframe. “And we aim to capture a nice portion of this growth,” added Fan, “as our OLED microdisplays are specifically tailored to take advantage of growth in virtual, augmented and mixed reality applications.”

Experience Kopin’s OLED microdisplay at CES 2017

Kopin invites senior executives from virtual reality, augmented reality, wearables and smartphone companies to private demonstrations at Kopin’s CES 2017 suite at The Palazzo, located at 3325 S. Las Vegas Blvd., or in Kopin’s booth in the Augmented Reality pavilion in Booth #26035, at the Las Vegas Convention Center South Hall. To schedule a private meeting, please contact Kopin at events@kopin.com.

In addition to OLED microdisplays, Kopin’s Whisper Voice Chip, Solos smart sunglasses and Black Pupil LCD display module will be among the Kopin products displayed on the CES show floor l. Additional information about Kopin at CES is available at events@kopin.com.

About Kopin

Kopin Corporation is a leading developer of innovative wearable computing technologies and solutions. Kopin’s technology portfolio includes ultra-small displays, optics, speech enhancement technology, software, low-power ASICs, and ergonomically designed smart headset concept systems. Kopin’s proprietary components and technology are protected by more than 300 global patents and patents pending, with more than 95% related to wearable technologies. 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 under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements relating to our expectation the OLED microdisplay market is in fast growth and our aim to capture a nice portion, IDTechEx, OLED microdisplays projected 15% CAGR growth rate over the 2015-2025 time frame. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: there may not be demand for our micro OLED products; our micro OLED technology may not perform as we expect; there may be issues that prevent the adoption or our micro OLED technology; manufacturing, marketing or other issues may prevent either the adoption or acceptance of our products; the Company might be adversely affected by competitive products and pricing; new product initiatives and other research and development efforts may be unsuccessful; manufacturing delays, technical issues, economic conditions or external factors may prevent the Company from achieving its goals; we could be delayed in shipping some of our products; and other risk factors and cautionary statements listed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 26, 2015, and the Company’s subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to the Company and only as of the date on which they are made. The Company undertakes no obligation to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this release.

Contacts

Press Contacts:
Vetrano Communications
Lisa Figlioli, 203-625-0082
l.figlioli@vetrano.com
or
Investor Contacts:
Kopin Investor Relations
Richard Sneider, 508-870-5959
rsneider@kopin.com
CFO
or
Market Street Partners
JoAnn Horne, 415-445-3233
JHorne@marletstreetpartners.com

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