Kopin Announces Multiyear Development Agreement With a Leading Japanese Company for Full-Color LED Microdisplays on Silicon

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WESTBOROUGH, Mass. - Kopin® Corporation (NASDAQ: KOPN), a leading developer and provider of high-resolution microdisplays and display subassemblies for defense, enterprise, industrial, consumer and medical products, announced today it has signed a multi-year agreement with Jade Bird Display, to develop superbright monochrome LED microdisplays. Jade Bird Display, based in Shanghai, China, is a leader in microLED displays. Under the collaboration, Jade Bird Display will provide the LED wafers and the hybrid bonding service on Kopin-designed and supplied Si backplane wafers for monolithic 2K x 2K LED microdisplays (2048 x 2048 resolution in about 1" diagonal size).

LED microdisplays have the potential for superhigh brightness, low power consumption, high contrast and wide viewing angle, which are ideal features for many applications including see-through augmented reality (AR) and mixed reality (MR) applications. However, the LED microdisplay is still in an early stage of development and requires significant new process developments including bonding of LED arrays to Si backplane and color conversion of blue emission to red or green. Kopin was a pioneer in LED microdisplays on Si technology with some of the early patents on the technology (US 5,300,7885,453,4056,403,985).

"We are very pleased to collaborate with Kopin who is a longtime leader in microdisplay technology and products," said Dr. Qiming Li, CEO & founder of Jade Bird Display. "We were one of the first manufacturers to bring our superhigh brightness monochrome microLED microdisplays to market and this year we have launched a range of microLED microdisplays for a variety of applications available to all OEMs. We are excited to further develop our technologies to meet Kopin's needs. Kopin and Jade Bird Display have complementary capabilities and we look forward to a strong partnership with Kopin."

"We are very excited to collaborate with our partner who has already achieved some important milestones in color LED microdisplay development," said Dr. John C. C. Fan, CEO of Kopin Corporation. "We find our areas of expertise to be very complementary in tackling the challenges of developing the 1"-diagonal 2K x 2K full-color LED microdisplays. Super high-resolution full-color LED microdisplays with brightness approaching 100,000 nits can create new and exciting applications for microdisplays and satisfy the demanding requirements of certain AR and MR applications. The LED microdisplays from this collaboration will expand our microdisplay portfolio, making us the world's only provider of all LCD, LCOS, OLED and LED microdisplays on Si. Our wide portfolio of products allows us to offer customers the best product for a particular application. It is important to stress that we continue to believe OLED microdisplays would be very good for many consumer applications."

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