Jun 23, 2014 ASDNews Source : Kopin Corporation
Kopin® Corporation (NASDAQ:KOPN), the largest U.S. developer of display systems for wearable technologies and military applications, today announced it has received a $9Million order for display modules in support of the U.S. Army’s Thermal Weapon Sight (TWS) program. This urgent order was placed by a major customer to replace a competing display technology which was not able to meet the stringent military specifications. As a result of this new order, we expect our revenue for 2014 will be in the range of $24Million to $28Million, an increase of $6Million from the earlier projection.
“Dismounted soldier environments such as TWS are the harshest environments for any product to endure,” stated Michael Presz, the Company’s Vice President of Government Programs. “We were informed that reliability issues were discovered with the alternative display technology during extensive testing. Our unique AMLCD technology, however, has demonstrated proven performance and reliability for the TWS program in over 15 years of deployment. Kopin has delivered more than 200,000 display units to the TWS program, either in component form, in a display module or as a complete eyepiece assembly, with essentially zero product returns.”