Kopin Corporation and MICLEDI Microdisplays Announce Agreement to Collaborate on microLED Displays for Next Generation Vision Solutions

Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical systems and high performance micro-displays for defense, enterprise, consumer and medical products, and MICLEDI Microdisplays, a fabless semiconductor design and technology company developing microLED displays for Augmented Reality (AR), today announced a strategic agreement to work together to design, develop, and manufacture advanced microLED displays to provide a more immersive and information-rich AR experience for use in high-brightness light conditions.

The program will utilize MICLEDI’s unique CMOS production flow and Kopin’s superior backplane control and driving capabilities, along with its deep experience in manufacturing complete display systems, to create full color microLED displays integrated with an advanced CMOS technology node for high-performance defense, enterprise, consumer, and medical systems.

“The demand for AR solutions, particularly for defense programs, has never been higher as users desire more immersive and information-rich experiences,” said Bill Maffucci, senior vice president for Business Development and Strategy at Kopin. “MICLEDI’s microLED technology, combined with Kopin’s advanced backplane design capabilities, aims to create microLED displays that address the demanding needs of emerging applications without the deficiencies of current technologies.”

“We are pleased with Kopin’s adoption and co-development of our disruptive AR display technology in truly innovative system solutions,” said Sean Lord, CEO at MICLEDI. “To enable optimum microdisplays for AR, we believe MICLEDI has developed the world’s first solution for microLED manufacturing in a 300mm CMOS line, which allows integrating both controller ASIC and emitter module on a 300mm wafer in a highly efficient, high volume, and low-cost manufacturing flow. Unique solutions can be tailored to the particular requirements of each end-use system, making MICLEDI’s microLEDs manufactured in collaboration with Kopin’s backplane and system integration skills, applicable to a variety of specialized AR microdisplay systems.”

MICLEDI will be at CES 2024 in Las Vegas located at The Venetian in a private suite hosting meetings and live demonstrations. To make an appointment please contact Harold Blomquist, at harold.blomquist@micledi.com or +1 858-335-4599.

About Kopin

Kopin Corporation is a leading developer and provider of innovative display and optical technologies sold as critical components and subassemblies for defense, 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 optics, and low-power ASICs. For more information, please visit Kopin's website at www.kopin.com.

About MICLEDI Microdisplays

MICLEDI Microdisplays is a fabless developer of microLED display modules for a broad range of market applications requiring ultra-compact displays. The company was spun-out from IMEC, a highly respected Belgian R&D center, in 2019. MICLEDI’s technology is based on an innovative combination of III/V materials processing, 3D integration and 300mm silicon-based processing to enable compact monolithic AR displays with high image quality and power efficiency. For more information, visit www.micledi.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 design, development, and manufacture advanced microLED displays to provide a more immersive and information-rich AR experience for use in high-brightness light conditions. 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 31, 2022, or as updated from time to time our Securities and Exchange Commission filings.

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