Provides Integrated Day and Night Heads up
Display Optical Solutions
Kopin Corporation (NASDAQ: KOPN), a trailblazer in
application-specific optical solutions and high-performance
micro-displays for defense, enterprise, consumer, and medical
products, is thrilled to announce its collaboration with Wilcox
Industries on the cutting-edge FUSION CLAW™ head borne information
system.
The FUSION CLAW is set to revolutionize the battlefield with its
advanced modular technology platform, seamlessly integrating night
vision, communications equipment, Identification Friend-Foe (IFF),
AI-informed power prioritization, multi-spectral forward
illumination, mission recording, and Day/Night Heads-Up Display
(HUD) into a single, lightweight package. The system’s design
ethos—modularity, scalability, adaptability, and power
management—ensures that operators can remain laser-focused on their
missions. Kopin’s pivotal role involves the development and
production of look-through mixed reality accessories, which we
believe significantly enhance warfighter situational awareness with
state-of-the-art Day and Night HUDs.
These new accessories will work with legacy fielded systems and
as the demand for sophisticated Day and Night Visual Augmentation
Solutions (VAS) skyrockets with over 70,000 systems already fielded
and 100 commercial licensees integrating with the Android Tactical
Assault Kit (ATAK)(1) , the FUSION CLAW system stands at the
forefront of technological innovation. Warfighters can now access a
wide array of information directly through a seamless heads-up
display, eliminating the need for the user to look down at a
chest-mounted End User Device (EUD).
“ATAK system users and future AR initiatives need the capability
to view critical information in all ambient lighting conditions,
from intense daylight to total darkness,” said Nic Peterson,
Kopin’s Director of Business Development for Warfighter Vision. “We
believe our power-efficient, high-performance microdisplays
combined with innovative near-eye optics enable Kopin’s HUD
products (designed and built in USA) to meet the complete
operational needs of the warfighter and augments their current ATAK
system, today. We are delighted to expand our customer base with
esteemed partners like Wilcox, renowned for their outstanding
contributions to the armed services.”
We believe with the FUSION CLAW system, Kopin and Wilcox
Industries are poised to deliver unmatched situational awareness
and mission success, ushering in a new era of battlefield
innovation and significant revenue potential. James Teetzel, CEO of
Wilcox Industries, stated, “The teaming of Kopin & Wilcox
presents a unique partnership that is well poised to meet the
development and production demands of the customer. The
proliferation of this requirement for a headborne modular
technology platform, with integrated VAS components, has amplified
the necessity for such a business partnership, and we could not be
more excited.” For this partnership, Wilcox brings a myriad of
technical expertise related to the development of headborne
mounting solutions and electro-optics, in addition to years of
experience facilitating urgent and unique contract requirements for
the US DoD and broader international defense market. As an industry
leader in this space, Kopin brings vast industry knowledge and
experience with micro-displays and optical solutions. Together, we
believe the Wilcox & Kopin team will not only be able to meet
customer requirements but will also facilitate increased
technological development. James Teetzel further stated, “Wilcox
has always listened to our customers, as it is their collective
guidance that has allowed Wilcox to design, develop, and offer
industry leading technology for over 40 years. The forming of this
partnership is no different, as Wilcox looks to work jointly with
Kopin in providing the best-in-class solutions in line with
specific end-user requirements. We are honored and privileged to
work closely with Kopin to jointly develop, produce, and provide
meaningful equipment in support of the Modular Dismount Solider
System requirements.”
(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 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.
About Wilcox
With over 40 years of experience, Wilcox Industries designs,
develops, and manufactures complex mounting and electro-optical
solutions to fit the needs of even the most urgent and demanding
Government and Department of Defense customer requirements. Our
state-of-the-art headquarters and production facility in Newington,
New Hampshire allows for single facility, vertically integrated
approaches that not only increase efficiency, but also meet the
intense security requirements necessary to support Government and
Department of Defense contracts. For more information, please visit
Wilcox’s website at www.wilcoxind.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. These forward-looking statements may
include statements with respect to our belief Kopin’s development
and production of look-through mixed reality accessories
significantly enhance warfighter situational awareness with
state-of-the-art Day and Night HUDs; our belief that our
power-efficient, high-performance microdisplays combined with
innovative near-eye optics enable Kopin’s HUD products (designed
and built in USA) to meet the complete operational needs of the
warfighter and augments their current ATAK system; our belief with
the FUSION CLAW system, Kopin and Wilcox Industries are poised to
deliver unmatched situational awareness and mission success,
ushering in a new era of battlefield innovation and significant
revenue potential; and our belief that the Wilcox & Kopin team
will not only be able to meet customer requirements but will also
facilitate increased technological development; and statements
related to a relationship with Wilcox. 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 our Securities and Exchange Commission filings.
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version on businesswire.com: https://www.businesswire.com/news/home/20240715815722/en/
Kopin Corporation Bill Maffucci, 508-870-5959 SVP of
Business Development and Strategy, bmaffucci@kopin.com
Richard Sneider, 508-870-5959 Treasurer and Chief
Financial Officer Richard_Sneider@kopin.com
or
MZ Contact: Brian M. Prenoveau, CFA, 561 489 5315 MZ
Group – MZ North America KOPIN@mzgroup.us
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