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newsMedia Announcement: Kopin Corporation, a leading developer of micro-displays and innovative wearable computing technologies and solutions, today announced two agreements with two leading global OLED companies as part of its unique fab-less OLED manufacturing strategy for its silicon-based Lightning™ OLED displays introduced at CES in January 2017. Kopin sees continued market indicators of high demand of OLED micro-displays for both augmented reality (AR) and virtual reality (VR) in the coming years and these new agreements represent important steps in preparing to meet both the near-term and long-term demands.

Kopin signed an agreement with Yunnan OLiGHTEK Opto-electronics Technology Co. Ltd. (OLiGHTEK), a leader in high performance OLED micro-displays on silicon. The parties will jointly purchase an advanced production OLED deposition line to be installed within OLiGHTEK’s facility in order to augment OLiGHTEK’s existing capabilities. This OLED deposition line is expected to be ready for volume production by the end of 2017, enabling Kopin to meet the near-term customer demand for its consumer OLED micro-displays. Under the terms of the agreement, Kopin will be entitled to 50% of the new line output.

Kopin has also entered into a separate agreement with BOE Technology Group Co. Ltd. (BOE) and OLiGHTEK. The agreement will establish a high-volume, state of the art facility to manufacture OLED micro-displays to support the growing AR and VR markets. The new facility, which would be the world’s largest OLED-on-silicon manufacturing center, will be managed by BOE and is expected to be built in Kunming, Yunnan Province, China. BOE is a world leader in the manufacture of liquid crystal and OLED on glass displays for televisions, tablets and smartphones.

“We have received extremely positive response to our Lightning OLED displays which have superb image quality, small size, fast frame-rate and low power consumption,” said Dr. John C.C. Fan, Kopin’s President and CEO. “We have a fab-less manufacturing model both for the back-end silicon wafer processing and the front-end OLED deposition for our Lightning OLED displays. This is a first in the OLED micro-display industry, and today’s announcements represent important elements of our fab-less model. Our partnership with OLiGHTEK will enable us to begin volume production of our Lightning OLED displays in late 2017. The agreement between BOE, OLiGHTEK and Kopin will provide industry leading capacity and quality of OLED micro-displays for the growing AR and VR markets when the facility is completed.”

Neither of these new agreements involves licensing of any Kopin technologies.

About BOE

BOE (Shenzhen Stock Exchange Stock Code: BOE A (000725), BOE B (200725)) is a supplier of internet of things technologies, products and services with revenues of approximately $7.3 billion for fiscal year 2015. BOE’s three core businesses are Display Device, Smart System and Healthcare Service. BOE’s products are widely used in a broad spectrum of applications such as mobile phone, tablet, notebook, monitor, TV, vehicle display, digital information display, healthcare, finance, and wearable devices. For more information, please visit BOE’s website at www.boe.com.

About Olightek

Founded in 2008, Yunnan OLiGHTEK Opto-Electronic Technology Co. Ltd. (OLiGHTEK) dedicated themselves to developing high definition AMOLED (Active Matrix-Organic Light Emitting Diode) technology and microdisplays. With headquarter and manufacturing in Kunming, Yunnan, OLiGHTEK is the first company in China to design and manufacture the cutting-edge full digital AMOLED microdisplays and entered the market in 2009. So far, more than 10 key OLED patents have been granted officially for OLiGHTEK’s speciality and innovation. OLiGHTEK is also the biggest manufacturer of full digital AMOLED microdisplays in China with annual production of more than 450,000 panels. OLiGHTEK’s high quality products for near-to-eye applications are shipped to many customers worldwide. For more information, please visit OLiGHTEK’s’s website at www.olightek.com.

About Kopin

Kopin Corporation is a leading developer and provider of innovative wearable technologies and solutions for integration into head-worn computing and display systems to military, industrial and consumer customers. Kopin’s technology portfolio includes ultra-small LED and OLED displays, optics, speech enhancement technology, system and hands-free control software, low-power ASICs, and ergonomically designed smart headset reference systems. Kopin is the world’s leader in microdisplays. Over the years, Kopin has shipped over 30 million LCD microdisplays for consumer applications. Kopin’s proprietary components and technology are protected by more than 300 global patents and patents pending. For more information, please visit Kopin’s website at www.kopin.com.

Kopin and Lightning OLED are trademarks of Kopin Corporation.

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