Kopin Begins Shipments on $3.5 Million Production Order for its Brillian Display for the U.S. Army’s Common Helmet Mounted Display System
Brillian Displays Ideal for Superhigh-Brightness Full-color Pilot HMD Applications
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 it has recently started production deliveries of its new superhigh-brightness, full-color Brillian Active Matrix Liquid Crystal Display (AMLCD) for the Common Helmet Mounted Display (CHMD) System for the US Army’s helicopter pilots. Kopin’s patented Brillian displays incorporate breakthrough advances in design and processing techniques to produce unsurpassed image performance in applications requiring extreme high brightness. Delivery is on-going on the initial order of $3.5 million and we estimate the program’s potential revenues are $30 million over several years.
“Delivery of production displays for the CHMD program is the culmination of a multi-year development effort to advance the capabilities of our AMCLD technology to meet the challenging requirements,” stated Bill Maffucci, the Company’s Vice President of Government Programs. “Full-color Brillian displays exhibit brightness levels greater than 34,000 nits (10,000 foot-lamberts) and typical contrast ratios above 500:1. While Kopin has a long history of providing high-performance monochrome displays for pilot helmets, these full-color displays provide pilots with enhanced visual recognition of critical information.”
The full-color CHMD is part of the US Army’s Air Soldier System, used by helicopter pilots to provide both day and night enhanced situational awareness and survivability in all flight conditions. The CHMD is an advanced, see-through, high-definition, digital helmet mounted display (HMD) that supports the US Army’s CH-47F Chinook and the UH-60L/M/V Black Hawk fleets.
“We continue to expand the boundaries of our display capabilities to provide our defense customers with the best possible equipment,” said Dr. John C.C. Fan, CEO of Kopin Corporation. “A few years ago, a global defense company approached us to develop a superhigh-brightness, high-contrast color display to convert monochrome pilot helmets to full color. To meet the requirements, we developed an innovative process. It is so rewarding to follow the journey from a concept to design-in and now to production of Brillian displays.”
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 Active Matrix Liquid Crystal displays (AMLCD), Liquid Crystal on Silicon (LCOS) displays and Organic Light Emitting Diode (OLED) displays, a variety of advanced optics, and low-power ASICs which are individual components or combined into drop and play subassemblies. For more information, please visit Kopin’s website at www.kopin.com.
Kopin is a trademark of Kopin Corporation.
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 estimation that the total program’s potential revenues are $30 million over several years. 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.
Bill Maffucci, 508-870-5959
VP of Government Programs,
For Investor Relations
Richard Sneider, 508-870-5959
Treasurer and Chief Financial Officer
Market Street Partners
Joann Horne, 415-445-3233