Kopin Receives $1.5M Follow-On Contract for Near Eye Thermal Imaging Solution for Firefighters

Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical solutions and high-performance microdisplays for defense, enterprise, consumer, and medical products, today announced it has been awarded a follow-on contract to supply a near eye, thermal imaging vision system, designed to fit inside of a firefighter mask.

The cutting-edge firefighting mask dramatically enhances the firefighter’s effectiveness in operating in smoke-filled buildings and saving potential victims. The mask includes a Kopin thermal imaging vision system composed of a miniaturized AMLCD (active-matrix liquid crystal display) and optics, integrated into the mask’s facepiece. A firefighter looks at Kopin’s display inside the mask, which is connected to a small thermal camera mounted to the side of the mask, enabling the firefighter to operate the display system hands-free and view clear, real-time video of thermal imagery in their line of view, unaffected by environmental conditions, such as smoke.

Traditionally firefighters have relied on handheld thermal imaging cameras, which can hinder their performance, focus and dexterity. The ruggedized, in-mask, thermal imaging vision system is an adjustable optical solution that adapts to the firefighter, freeing both hands, and enhancing their effectiveness during life-saving search and rescue missions.

“Firefighters require a reliable vision system that offers them greater situational awareness and consistent thermal imaging performance in very hostile environments,” said Bill Maffucci, SVP of Business Development and Strategy. “We are proud of our long-standing relationship with this repeat customer and their confidence in Kopin engineering and products. We look forward to our continued partnership and meeting their full production needs with our custom optical module solution.”

Deliveries of Kopin’s thermal imaging vision system, in support of the $1.5 million follow-on contract, are planned throughout the 2025 calendar year.

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.

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. These forward-looking statements may include statements with respect to our expectation of a continued partnership and meeting their full production needs with our custom optical module solution; and our expectation of deliveries of Kopin’s thermal imaging vision system, in support of the $1.5 million follow-on contract, throughout the 2025 calendar year. 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 our Securities and Exchange Commission filings.

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