Press release
Kopin and THEON International Advance Alliance Following Regulatory Approval of $15M Agreement & Additional $8M Joint Development
$23M commitment includes previously announced $15M investment and additional $8M planned for co-development of Military-grade display WESTBOROUGH,
About this update from Kopin Corporation
[{"type":"text","content":"\n$23M commitment includes previously announced $15M investment and additional $8M planned for co-development of Military-grade display\n\n\n WESTBOROUGH, Mass.--(BUSINESS WIRE)--\nKopin 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 the closing of its previously disclosed $15.0 million strategic investment agreement with THEON International Plc (Euronext Amsterdam: THEON). The transaction, which received regulatory approval, closed on Thursday, October 16th, 2025. Read more: https://tinyurl.com/aaarzm2z\n\n\nIn addition to the $15 million investment from THEON International the companies contemplate entering into a separately funded $8 million non-recurring engineering (NRE) agreement to co-develop a military-grade display. This advanced display technology would be intended for integration into a variety of defense platforms, including high-performance augmented reality solutions for defense applications. The NRE initiative is a significant step forward in the companies' shared commitment to innovation and has the potential to accelerate development across multiple defense programs and global markets.\n\n\n“The partnership between THEON and Kopin represents a true transatlantic alliance, driving innovation in the dismounted soldier system domain for today’s missions and tomorrow’s needs,” said Christian Hadjiminas, Founder and CEO of THEON. “Our contemplated $8.0 million non-recurring engineering (NRE) agreement for military-grade display development would further reinforce our commitment and confidence in working with the Kopin team.”\n\n\n“THEON’s investment underscores the strength of our partnership and the strategic value we see in bringing our teams together to accelerate business wins in new markets and leverage our shared vision and commitment to innovation,” said Michael Murray, Chairman and CEO of Kopin. “This collaboration is more than financial—it’s a fusion of complementary capabilities that positions us to deliver cutting-edge solutions to defense and enterprise customers worldwide. By aligning our engineering talent, manufacturing infrastructure, and global reach, we’re creating a powerful platform for growth and co-development. As defense moderniz...