Press release
Kopin Receives $1.1 Million Order In Support of the Joint Effects Targeting System
WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin Corporation (NASDAQ: KOPN), a leading developer of innovative wearable computing technologies and solutions,
About this update from Kopin Corporation
[{"type":"text","content":" WESTBOROUGH, Mass.--(BUSINESS WIRE)--\nKopin Corporation (NASDAQ: KOPN), a leading developer of innovative wearable computing technologies and solutions, announced that it has received a $1.1 million order to provide eyepieces for the Joint Effects Targeting System (JETS). The order is expected to be delivered through 2022.\n\nThe JETS Target Location Designation System (TLDS) is an Army-led, joint-interest program with the Air Force and Marine Corps. The JETS system is a one-man-portable, handheld capability locator designed to rapidly acquire, and precisely locate and accurately engage targets with precision-guided munitions, and improve the effectiveness of engagement with unguided munitions.\n\n“This order is for Kopin’s low-rate initial production of this program,” said Bill Maffucci, the Company’s Vice President of Government Programs. “This program provides the soldier with the ability to carry out necessary recon on targets, acquire specific locations on a precision grid, and communicate the coordinates instantaneously back to command. We are providing the program with our high resolution, low power, ruggedized eyepiece. We expect this program to continue for multiple years.”\n\nAbout Kopin\n\nKopin 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.\n\nKopin is a trademark of Kopin Corporation\n\nForward-Looking Statements\n\nStatements in this press release may be considered “forward-looking” statements under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements relating to our expectation that we will make deliveries through 2022 and our expectation that they program will continue for multiple years. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are...