Kopin Corporation Produces World’s First 35,000-nit HDR Green OLED Microdisplay

Kopin^® Corporation (NASDAQ: KOPN), a leading developer and provider of high-resolution microdisplays, display subassemblies and systems for defense, enterprise, industrial, consumer and medical products announced today it has produced the world’s first ultrahigh-brightness (> 35,000 nits), high-dynamic-range (HDR), green Organic Light Emitting Diode (OLED) microdisplay on silicon, designed for high-performance Augmented Reality (AR) applications. This superbright HDR 1”-diagonal SXGA (1280 x 1024 resolution) OLED microdisplay is currently in development, with performance data measured on initial engineering samples.

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Kopin High Dynamic Range OLED (Photo: Business Wire)

The OLED microdisplay incorporates Kopin’s duo-stack OLED structure for ultrahigh brightness and a unique patent-pending pixel structure and backplane architecture for super-high dynamic range operation (14 bits). Combined with superhigh contrast, this new HDR OLED microdisplay is ideal for use in ambient scenes ranging from very dark night to very bright daylight. The duo-stack structure provides increased current efficiency, which leads to much higher brightness, lower power consumption (about half of that of LCD displays of equivalent brightness), and longer lifetime compared to conventional single-stack OLED devices. We believe this new HDR OLED display has achieved previously unattainable brightness levels together with long operating lifetime. Developed in partnership with a leading customer, the targeted markets include automotive and aircraft displays and medical imaging systems.

"The achievement of very high brightness and long lifetime coupled with an extremely wide luminance range is a culmination of the OLED technology we have been developing over the past several years,” said Dr. John C. C. Fan, CEO of Kopin. "The performance levels of the initial builds of this display, which we believe have never been achieved before in OLED microdisplays, is a major milestone in the development of our displays targeted for emerging AR and VR applications. We are working to achieve much higher brightness approaching 100,000 nits.”

"Our OLED microdisplays have reached, for the first time, the luminance levels of current LCD displays used in high-brightness AR applications. In addition, these new displays offer 14-bit HDR operation that has never been achieved in either OLED or LCD microdisplays,” stated Bill Maffucci, Kopin’s GM for Government and Professional Products. "These displays represent a major part of our high-performance AR/VR display technology platforms and will strengthen Kopin’s industry leading position on advanced display products.”

About Kopin

Kopin Corporation is a leading developer and provider of innovative display and optical technologies sold as critical components, subassemblies and systems for military, industrial and consumer products. Kopin's portfolio of over 200 patents and patent applications include ultrasmall Active Matrix Liquid Crystal displays (AMLCD), Ferroelectric Liquid Crystal on Silicon (FLCOS) 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 belief that we have produced the world’s first ultrahigh brightness (> 35,000 nits), high dynamic range (HDR), green Organic Light Emitting Diode (OLED) microdisplay on silicon; our belief that our new HDR OLED display has achieved previously unattainable brightness levels together with long operating lifetime; our belief that the performance levels of the initial builds of this display have never been achieved before in OLED microdisplays and is a major milestone in the development of our displays targeted for emerging AR and VR applications; and our belief that our new displays offer 14-bit HDR operation which we believe has never been achieved in either OLED or LCD microdisplays. 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 28, 2019, or as updated from time to time in the Company’s Securities and Exchange Commission filings.

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