Kopin Awarded First Order for High Resolution Microdisplay Assembly for Use in Sophisticated Electronics Manufacturing Systems

2K-R11 FLCoS Assembly Provides Four Times the Resolution of a Typical Microdisplay System for 3-Dimensional Automated Optical Inspection (3D AOI) Machines

Kopin Corporation (NASDAQ: KOPN), a leading provider of application-specific optical systems and high performance microdisplays for defense, enterprise, industrial, consumer and medical products, today announced that it received the first production purchase order for its high resolution, 4 Megapixel 2K-R11 FLCoS Spatial Light Modulator (“SLM”) system for use within 3D AOI (“3-Dimensional Automated Optical Inspection”) machines.

For over 10 years Kopin has produced application specific optical solutions for the 3D AOI market, which remains an important part of Kopin’s Industrial business. 3D AOI solutions are essential tools in contemporary manufacturing facilities focused on semiconductors, printed circuit boards (“PCB”) and other high-tech manufacturing. While 2D AOI systems can only capture and analyze the top surface of an object, 3D AOI systems measure and evaluate the height and depth of components and quickly inspect and measure deformations, defects or misplaced components, which equates to maintaining essential quality at high speeds. Most existing 3D AOI structured light projection systems typically offer a resolution of 1K x 1K (1 Megapixel); but the 2K-R11 elevates this standard by providing four times the resolution, which means expanding the applications for 3D AOI into the measurement of new, smaller feature size components and connectors.

Speaking about the opportunity, Greg Truman, Vice President of Business Development in Europe and Asia, said, “3D AOI systems are expanding in use in sophisticated electronics manufacturing environments, such as for electric vehicle components, because they offer fast and precise identification of flaws that might be overlooked by human inspectors. This provides better quality and saves time and money. We believe that as the world continues to evolve to a digital environment the need for high quality manufacturing of complex circuit boards will continue to increase. It is estimated that the market for 3D AOI systems will increase from $700 million a few years ago to $3 billion by 2030.”

Kopin's 2K-R11 (2048 x 2048 pixels) is a sub-assembly composed of a reflective ferroelectric liquid crystal on silicon (FLCoS) microdisplay (spatial light modulator), drive board and software. Manufacturers of 3D AOI inspection systems can build this “drop-in” solution into the design of their systems. The 2K-R11 is engineered to deliver exceptional high-speed, high-resolution and high-fidelity performance. We believe this enhanced resolution paves the way for advanced 3D AOI applications, including the precise measurement of Land Grid Arrays (LGA), Wafer Level Packaging (WLP) and other integrated circuits.

About Kopin Corporation

Kopin Corporation is a leading developer and provider of innovative display, and optical technologies 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.

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 belief that as the world continues to evolve to a digital environment the need for high quality manufacturing of complex circuit boards will continue to increase; and our belief that the 2K-R11’s enhanced resolution paves the way for advanced 3D AOI applications, including the precise measurement of Land Grid Arrays (LGA), Wafer Level Packaging (WLP) and other integrated circuits. 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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