Kopin Joins MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) Alliances Program

WESTBOROUGH, Mass.–(BUSINESS WIRE)–Kopin® Corporation (Nasdaq: KOPN), a leading provider of application specific optical systems and high-performance micro-displays for defense, enterprise, professional and consumer markets, today announced that it has joined MIT’s CSAIL Alliances Program.

“Participation in MIT’s CSAIL program will help augment Kopin’s product development efforts and keep the company on the cutting edge of AI. Kopin is focused on solving the human centric and human-computer ergonomic, situational awareness and visual issues surrounding the use cases of augmented reality (AR) and virtual reality (VR) headsets, heads up displays and see through optical solutions that will enable and accelerate the adoption of AR and VR products. Our approach ranges from developing extremely bright displays which allow for the use of new optics, to understanding and correcting the factors which affect humans in immersive environments,” stated Michael Murray, CEO of Kopin. “Kopin spun out of MIT almost 40 years ago and we believe this renewed relationship and engagement will help support our research and application specific product developments, in this area.”

MIT’s Computer Science and Artificial Intelligence Laboratory (CSAIL) is the largest research laboratory at MIT. It is home to over 1,500 people, 900+ active projects, 60 research groups, approximately 1000 PhD and graduate students. CSAIL’s mission is to pioneer new research in computing that improves the way people globally live, work, play, and learn. Industry collaboration plays a vital role and enables MIT’s CSAIL Program to fulfill its mission by learning about real world problems and discovering ways to solve them.

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 Micro Light Emitting Diode (µLED), 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. 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. These forward-looking statements may include statements with respect to our research and development efforts in augmented and virtual reality markets. 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 31, 2022, or as updated from time to time in our Securities and Exchange Commission filings.

Contacts

Investor Relations:
Richard Sneider

Treasurer and Chief Financial Officer, Kopin

rsneider@kopin.com
(508) 870-5959

MZ Contact
Brian M. Prenoveau, CFA

MZ Group – MZ North America

KOPN@mzgroup.us
+561 489 5315