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Kopin Wins Development Contract
Kopin Corporation (NASDAQ: KOPN) shares enjoyed small gains Tuesday.
The leading provider of high-resolution microdisplays and sub-systems for Augmented Reality (AR) and Virtual Reality (VR) for use in defense, enterprise and consumer applications, has been awarded a contract to develop a new in-vehicle display imaging system for a U.S. prime defense contractor.
Kopin has a strong presence in U.S. defense applications with soldier-centric weapon sights and targeting systems and pilot helmets for fixed and rotary wing aircraft due in part to Kopin's design and manufacturing expertise in precision displays solutions for use in extreme environments.
The new system will integrate Kopin high-brightness, high-resolution, low-power ferroelectric liquid crystal on silicon (FLCOS) microdisplay and custom optic into a heavily ruggedized custom housing to enable operational use in extremely harsh environments.
“We are excited with this new order, which continues our focused efforts to expand our penetration into new defense market segments, in this case the very large vehicle market,” said official Bill Maffucci.
“We believe our ability to offer microdisplay solutions with any of our leading silicon-based microdisplay technologies (LCD, FLCOS, OLED and MicroLED), plus our advanced custom optics, electronics, and 35 years of experience designing and building high precision systems that can perform reliably in the very severe environments in which our soldiers operate make Kopin the display imaging system provider of choice, especially for challenging environments.”
KOPN shares grabbed two cents, or 1.6%, to $1.24.
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