Kopin Corporation Hires New Executives to Address Growing Wearable Technology Market Opportunities

  Kopin Corporation Hires New Executives to Address Growing Wearable
  Technology Market Opportunities

Stuart Nixdorff, Paul Baker and Ernesto Martinez-Villalpando will apply their
  expertise to grow and scale disruptive solutions in the wearable computing
                                    market

Business Wire

WESTBOROUGH, Mass. -- May 21, 2014

Kopin Corporation, a leading developer of innovative wearable computing
technologies and solutions, today announced the hiring of three new executives
to launch and scale the company’s new disruptive technologies in the wearable
market.

Stuart Nixdorff, an industry veteran with more than 20 years of experience
working with consumer electronics, mobile and wearable technology startups,
was named senior vice president of sales and marketing. Paul Baker, the new
vice president of business development, is an accomplished creative strategist
with more than 20 years’ expertise in transitioning new products and
technology from the lab to the marketplace. Dr. Ernesto Martinez-Villalpando,
who received his Ph.D. at MIT’s Media Lab and worked at Harvard’s Wyss
Institute for Biologically Inspired Engineering, was appointed special
assistant to the CEO.

“With the wearable market heating up, we are putting together a team with a
clear track record of driving growth with new technologies in large and
emerging markets,” said Dr. John C.C. Fan, CEO. “Stuart, Paul and Ernesto are
great additions to this team as we meet the needs of customers in this
fast-moving industry. We are delighted with the progress in our transformation
and with the market response from our February launch event in Santa Clara.”

Mr. Nixdorff started working on head-mounted wearables in 1997 and has led the
launch of a number of innovative products, such as the first CMOS-based
digital cameras and cellphone cameras. Previously, he was senior vice
president and general manager of AAC’s Smart Accessory Business, where he
worked with leading mobile and accessory companies, mobile and consumer
electronics OEM customers and global retail partners, including Apple and
AT&T, to integrate wearable products into everyday technology.

“Kopin has been the leading technology provider in the smart eyewear market
for over 20 years, and now the intersection of the powerful mobile phone
ecosystem and our unique enabling technologies will unleash significant
growth,” said Nixdorff. “As the wearable ecosystem grows, Kopin is focused on
providing new solutions to help our partners develop their own systems more
rapidly.”

Mr. Baker will apply his experience in leading new business growth for both
startups and large companies to help Kopin advance current customers and
establish new relationships and partnerships that drive the adoption of
Kopin’s unique visual, verbal, audio and head-gesture command technologies.
Before Kopin, Paul was the executive vice president of business development
and sales at ZINK Imaging, a mobile technology startup. He also served in
several marketing and sales leadership roles during his nearly ten years at
Polaroid.

“This is an exciting time in the fast-developing wearable technology market,
and I look forward to making Kopin’s technologies an integral part of everyday
life in both consumer and commercial applications,” said Baker. “Our OEM
partners are realizing the true power of our wearable technologies.”

Dr. Martinez-Villalpando developed state-of-the-art bionic limbs with
Professor Herr Hugh at MIT. He will help formulate technology innovation
strategies, coordinate new concept headset system demos and engage with new
potential partners. “Our concept demos are opening up new possibilities with
our partners,” said Martinez-Villalpando. “Kopin’s vast experience in
designing wearable headsets will greatly help shorten the development time for
our partners.”

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 by OEM customers. Kopin’s technology portfolio includes
ultra-small displays, optics, speech enhancement technology, system and
hands-free control software, low-power ASICs, and ergonomically designed smart
headset reference systems. Kopin’s proprietary components and technologies are
protected by more than 200 global patents and patents pending. For more
information, please visit Kopin’s website at www.kopin.com.

Forward-Looking Statements

Statements in this news release may be considered “forward-looking” statements
under the “Safe Harbor” provisions of the Private Securities Litigation Reform
Act of 1995. These include, without limitation, statements relating to the
Kopin’s partnership withOlympus Corporation; wearable eyewear is ready to go
mainstream; and the Pupil module is a major milestone as it will help our
customers realize the dream of smart eyewear for consumers.These statements
involve a number of risks and uncertainties that could cause actual results to
differ materially from those expressed in the forward-looking statements.
These risks and uncertainties include, but are not limited to, the following:
Olympus andKopinmay terminate their relationship, wearable eyewear may not
be adopted by consumers, the Pupil may not be producible at a cost which is
can be sold at to make a profit, there may be no demand for the Pupil, the
Company may be unable to release new products in the coming months, there may
be no demand for any products that we develop in the coming months; it may
take longer than the Company estimates to develop products; the Company’s
productsmay not be accepted by the market place; there may be issues that
prevent the adoption or further development of the Company’s wearable
computing technologies;manufacturing, marketing or other issues may prevent
either the adoption or acceptance of products; the Company might be adversely
affected by competitive products and pricing; new product initiatives and
other research and development efforts may be unsuccessful; the Company could
experience the loss of significant customers; costs to produce the Company’s
products might increase significantly, or yields coulddecline; and the
Company’s customers might be unable to ramp production volumes of its
products; and other risk factors and cautionary statements listed in the
Company’s periodic reports and registration statements filed with
theSecurities and Exchange Commission, including the Annual Report on Form
10-K for the 12 months endedDecember 29, 2012, and the Company’s subsequent
filings with theSecurities and Exchange Commission. You should not place
undue reliance on any forward-looking statements, which speak only as of the
date on which they are made. The Company undertakes no responsibility to
update any of these forward-looking statements to reflect events or
circumstances occurring after the date of this report.

Contact:

Sales & Marketing
Kopin
Stuart Nixdorff, 508-341-9118
stuart_nixdorff@kopin.com
or
Media Relations
Edelman
Pearson Cummings, 202-326-1701
pearson.cummings@edelman.com
 
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