Kopin Secures Contract to Develop Night HUD (Heads Up Display) Module for Warfighters with Night Vision Goggles

10/09/24

Next-generation augmented HUD addresses lack of augmented reality in analog night vision devices

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 it has secured a contract to further the development of its nighttime augmented reality HUD (Head-Up Display) technology to support warfighters using night vision devices.

Kopin’s Night HUD is engineered to seamlessly integrate with the hundreds of thousands of night vision goggles already in use, providing a cutting-edge solution to meet the growing demand for advanced Visual Augmentation Systems (VAS) that support tactical data inputs like the Android Tactical Assault Kit (ATAK)1. This next-generation Night HUD is designed to deliver higher resolution for sharper augmented imagery, improved readability, and a wider field of view, offering significant enhancements for tactical operations and boosting operational effectiveness.

“During nighttime operations, warfighters need to remain alert and maintain focus on the battlespace while avoiding distractions that could expose their position,” said Bill Maffucci, Sr. VP of Business Development and Strategy. “Kopin’s Night HUD seamlessly integrates with night vision devices to discreetly display critical geospatial information, helping warfighters maintain situational awareness without the risk of hazardous light exposure from traditional data devices.”

Kopin has been developing concepts for nighttime augmented reality using internal research and development funding and has demonstrated early prototypes. This contract will support the creation of an advanced HUD module with enhanced specifications including higher resolution, a larger field of view, improved visual acuity, reduced weight, and a slimmer profile. Future versions are expected to offer full-color nighttime augmented reality capabilities.

Kopin’s expertise in optical display solutions continues to drive key contracts like this one. To learn more about the Night HUD module and other products, visit Kopin’s private suite during the AUSA event in Washington, D.C., from October 14-16.

For more information or to schedule a meeting, contact sales@kopin.com.

(1) Tactical Assault Kit (TAK) – Air Force Research Laboratory (afresearchlab.com)

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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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 growing demand for advanced Visual Augmentation Systems (VAS); creation of an advanced HUD module with enhanced specifications including higher resolution, a larger field of view, improved visual acuity, reduced weight, and a slimmer profile; and future versions are expected to offer full-color nighttime augmented reality capabilities. 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.

For Investor Relations

Kopin Corporation

Richard Sneider, Treasurer and Chief Financial Officer

Richard_Sneider@kopin.com

508-870-5959

MZ Contact

Brian M. Prenoveau, CFA

MZ Group – MZ North America

KOPN@mzgroup.us

561-489-5315

Lightspeed PR Contact

Grace Halvorsen

Lightspeed PR/M

Kopin@lightspeedpr.com