Provides Integrated Day and Night Heads up Display Optical Solutions

Kopin Corporation (NASDAQ: KOPN), a trailblazer in application-specific optical solutions and high-performance micro-displays for defense, enterprise, consumer, and medical products, is thrilled to announce its collaboration with Wilcox Industries on the cutting-edge FUSION CLAW™ head borne information system.

The FUSION CLAW is set to revolutionize the battlefield with its advanced modular technology platform, seamlessly integrating night vision, communications equipment, Identification Friend-Foe (IFF), AI-informed power prioritization, multi-spectral forward illumination, mission recording, and Day/Night Heads-Up Display (HUD) into a single, lightweight package. The system’s design ethos—modularity, scalability, adaptability, and power management—ensures that operators can remain laser-focused on their missions. Kopin’s pivotal role involves the development and production of look-through mixed reality accessories, which we believe significantly enhance warfighter situational awareness with state-of-the-art Day and Night HUDs.

These new accessories will work with legacy fielded systems and as the demand for sophisticated Day and Night Visual Augmentation Solutions (VAS) skyrockets with over 70,000 systems already fielded and 100 commercial licensees integrating with the Android Tactical Assault Kit (ATAK)⁽¹⁾ , the FUSION CLAW system stands at the forefront of technological innovation. Warfighters can now access a wide array of information directly through a seamless heads-up display, eliminating the need for the user to look down at a chest-mounted End User Device (EUD).

“ATAK system users and future AR initiatives need the capability to view critical information in all ambient lighting conditions, from intense daylight to total darkness,” said Nic Peterson, Kopin’s Director of Business Development for Warfighter Vision. “We believe our power-efficient, high-performance microdisplays combined with innovative near-eye optics enable Kopin’s HUD products (designed and built in USA) to meet the complete operational needs of the warfighter and augments their current ATAK system, today. We are delighted to expand our customer base with esteemed partners like Wilcox, renowned for their outstanding contributions to the armed services.”

We believe with the FUSION CLAW system, Kopin and Wilcox Industries are poised to deliver unmatched situational awareness and mission success, ushering in a new era of battlefield innovation and significant revenue potential. James Teetzel, CEO of Wilcox Industries, stated, “The teaming of Kopin & Wilcox presents a unique partnership that is well poised to meet the development and production demands of the customer. The proliferation of this requirement for a headborne modular technology platform, with integrated VAS components, has amplified the necessity for such a business partnership, and we could not be more excited.” For this partnership, Wilcox brings a myriad of technical expertise related to the development of headborne mounting solutions and electro-optics, in addition to years of experience facilitating urgent and unique contract requirements for the US DoD and broader international defense market. As an industry leader in this space, Kopin brings vast industry knowledge and experience with micro-displays and optical solutions. Together, we believe the Wilcox & Kopin team will not only be able to meet customer requirements but will also facilitate increased technological development. James Teetzel further stated, “Wilcox has always listened to our customers, as it is their collective guidance that has allowed Wilcox to design, develop, and offer industry leading technology for over 40 years. The forming of this partnership is no different, as Wilcox looks to work jointly with Kopin in providing the best-in-class solutions in line with specific end-user requirements. We are honored and privileged to work closely with Kopin to jointly develop, produce, and provide meaningful equipment in support of the Modular Dismount Solider System requirements.”

(1) Tactical Assault Kit (TAK) – Air Force Research Laboratory (afresearchlab.com)

About Kopin

Kopin Corporation is a leading developer and provider of innovative display and optical technologies sold as critical components and subassemblies for defense, industrial and consumer products. Kopin's technology portfolio includes ultra-small 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.

About Wilcox

With over 40 years of experience, Wilcox Industries designs, develops, and manufactures complex mounting and electro-optical solutions to fit the needs of even the most urgent and demanding Government and Department of Defense customer requirements. Our state-of-the-art headquarters and production facility in Newington, New Hampshire allows for single facility, vertically integrated approaches that not only increase efficiency, but also meet the intense security requirements necessary to support Government and Department of Defense contracts. For more information, please visit Wilcox’s website at www.wilcoxind.com

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 Kopin’s development and production of look-through mixed reality accessories significantly enhance warfighter situational awareness with state-of-the-art Day and Night HUDs; our belief that our power-efficient, high-performance microdisplays combined with innovative near-eye optics enable Kopin’s HUD products (designed and built in USA) to meet the complete operational needs of the warfighter and augments their current ATAK system; our belief with the FUSION CLAW system, Kopin and Wilcox Industries are poised to deliver unmatched situational awareness and mission success, ushering in a new era of battlefield innovation and significant revenue potential; and our belief that the Wilcox & Kopin team will not only be able to meet customer requirements but will also facilitate increased technological development; and statements related to a relationship with Wilcox. 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 30, 2023, or as updated from time to time our Securities and Exchange Commission filings.

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