Kopin Inks Technology License Agreement With Lightning Silicon Technology

RTTNews | 858 days ago
Stocktwits
Kopin Inks Technology License Agreement With Lightning Silicon Technology

(RTTNews) - Kopin Corp. (KOPN) announced Thursday it has entered in a Technology License Agreement with Lightning Silicon Technology, Inc., a California company. Lightning Silicon is a company formed by Dr. John C.C. Fan, Kopin's Chairman of Board, and former Chief Executive Officer, to develop and supply advanced organic light emitting diode (OLED) microdisplays for the consumer augmented reality (AR) and virtual reality (VR) markets.

This agreement is part of a plan to restore profitability to Kopin by focusing its resources on new and existing defense, industrial and consumer applications which are in line with its strategic plan

The agreement allows Kopin to reduce personnel, development and operational costs associated with OLED development, while continuing to both serve its core markets with all microdisplay technologies and participate in the consumer market upside, as it matures.

Under the terms of the Agreement Lightning Silicon will receive a license to certain Kopin intellectual property to develop, manufacture and sell OLED technologies for use in the consumer market.

Kopin will receive an equity interest in Lightning Silicon and royalties from the sale of products related to the licenses. Kopin retains the ability and rights to develop, manufacture and sell OLED displays and complete optical solutions that include microdisplays to its core base in the defense and enterprise markets, as well as value added Consumer applications.

Tags: KOPN
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Kopin Secures $2 Mln Follow-On Production Order For High-Brightness AMLCD

Kopin Secures $2 Mln Follow-On Production Order For High-Brightness AMLCD

Kopin Corp. (KOPN), a provider of application-specific optical systems and high performance microdisplays for defense, announced Tuesday that it has been awarded a $2 million follow-on production order for its high-brightness active-matrix liquid crystal display (AMLCD).
RTTNews | 244 days ago
Kopin Says Jury Awards Damages Of About $24.8 Mln To BlueRadios

Kopin Says Jury Awards Damages Of About $24.8 Mln To BlueRadios

Kopin Corp., Inc. (KOPN) announced Tuesday that a jury verdict was entered on Monday in the U.S. District Court for the District of Colorado finding for the plaintiff, BlueRadios, Inc. and awarding approximately $5.1 million in damages as well as recommending $19.7 million in disgorgement and exemplary damages.
RTTNews | 384 days ago
Kopin Granted $3.4 Mln Follow-on Order For F-35 Joint Strike Fighter Program

Kopin Granted $3.4 Mln Follow-on Order For F-35 Joint Strike Fighter Program

Kopin Corp. (KOPN) announced Monday it has received a $3.4 million follow-on order for its high-brightness liquid crystal display for the F-35 Joint Strike Fighter program. With the F-35 scheduled for production through 2030, Kopin expects additional orders over the life of the program.
RTTNews | 602 days ago
TSX Remains Firmly Up Despite Coming Off Early Highs

TSX Remains Firmly Up Despite Coming Off Early Highs

The Canadian market remains in positive territory Monday afternoon as the mood remains fairly bullion amid easing concerns about tariffs following China and U.S. agreeing on a trade deal.
RTTNews | 2h 12min ago
Swiss Market Ends On Bright Note As Stocks Rally On Late Buying

Swiss Market Ends On Bright Note As Stocks Rally On Late Buying

The Switzerland market, which faltered after a marginal upmove at the start and stayed sluggish till well past noon on Monday, climbed higher in late afternoon trade with stocks from across several sectors attracting buyers. News about China and the U.S. agreeing on a trade deal, and the resultant buoyancy in major European markets lifted sentiment in the Swiss market as well.
RTTNews | 2h 42min ago
Dollar Extends Gains As Trade Tensions Ease

Dollar Extends Gains As Trade Tensions Ease

It was another positive week for the greenback as easing trade tensions and hopes of a deal with China helped the U.S. Dollar build on gains made in the previous week.
RTTNews | 5h 35min ago
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