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PRESS RELEASE: Kodak Selects Kopin's Electronic Viewfinder for Powerful New Zoom Digital Camera
Taunton, Massachusetts, July 17, 2007 - Kopin® Corporation (NASDAQ: KOPN), the leading provider of microdisplays for mobile consumer electronics, announced today that Eastman Kodak Company, one of the world's leading camera makers, has selected Kopin's CyberEVF® 230K-NF electronic viewfinder (EVF) for its new EASYSHARE Z712 IS digital camera. Kodak is the third tier-one camera manufacturer in 2007 to incorporate Kopin's EVF into an SLR-style digital camera model with a fixed high-zoom lens. The suggested manufacturer's retail price of the camera is US $299.95.
The CyberEVF 230K-NF displays brilliant, natural color images to photographers using the EASYSHARE Z712 IS camera, even in bright sunlight. This ensures that the image seen through the EVF precisely matches the photograph - at any zoom level. Kopin's complete EVF solution provides reduced time to market and production costs for digital camera manufacturers.
The KODAK EASYSHARE Z712 IS combines an impressive 12x SCHNEIDER-KREUZNACH VARIGON optical zoom lens (36-432 mm focal length) with optical image stabilization, delivering superior performance to aspiring photographers. The 7.1 megapixel camera boasts best-in-class click-to-capture performance (0.26 sec) with superb picture quality at an affordable price, making it an attractive alternative to digital SLR cameras.
"We are delighted to partner with Kodak in helping provide its customers with easy-to-use, high-performance digital cameras," said Dr. John C.C. Fan, Kopin president and CEO. "Consumer demand for SLR-style cameras is very strong because they combine affordability and excellent picture quality. We see increasing orders for our EVF products as they provide the best value to digital camera manufacturers by offering the complete solution with superb image quality in a compact package. Kopin's CyberEVF 230K is fast becoming the industry standard among the world's leading digital camera manufacturers for the SLR-style digital cameras."
Kopin's new CyberEVF 230K-NF incorporates a full-color CyberDisplay® 230K with QVGA (320 x 240) resolution, ultra-thin backlight, and optics in a tiny package. The CyberEVF 230K-NF is more compact than the earlier CyberEVF 230K with the focus mechanism. With 15x image magnification and 22-degree field of view, the viewfinder generates large, high-resolution, vivid color images with virtually no distortion or color aberrations. The module's low power consumption (less than 100 mW) addresses a photographer's need for a long battery life.
About Eastman Kodak Company
Kodak is the world's foremost imaging innovator. With sales of $13.3 billion in 2006, the company is committed to a digitally oriented growth strategy focused on helping people better use meaningful images and information in their life and work. Consumers use Kodak's system of digital and traditional products and services to take, print and share their pictures anytime, anywhere; Businesses effectively communicate with customers worldwide using Kodak solutions for prepress, conventional and digital printing and document imaging; Creative Professionals rely on Kodak technology to uniquely tell their story through moving or still images; and leading Healthcare organizations rely on Kodak's innovative products, services and customized workflow solutions to help improve patient care and maximize efficiency and information sharing within and across their enterprise.
More information about Kodak (NYSE: EK) is available at www.kodak.com.
Kopin Corporation produces lightweight, power-efficient, ultra-small liquid crystal displays and heterojunction bipolar transistors (HBTs) that are revolutionizing the way people around the world see, hear and communicate. Kopin has shipped more than 20 million displays for a range of consumer and military applications including digital cameras, personal video eyewear, camcorders, thermal weapon sights and night vision systems. The Company's unique HBTs, which help to enhance battery life, talk time and signal clarity, have been integrated into billions of wireless handsets as well as into WiFi, VoIP and high-speed Internet data transmission systems. Kopin's proprietary display and HBT technologies are protected by more than 200 global patents and patents pending. For more information, please visit Kopin's website at www.kopin.com.
Kopin, CyberDisplay, CyberEVF and The NanoSemiconductor Company are trademarks of Kopin Corporation.
Safe Harbor Statement
Statements in this news release may be considered "forward-looking" under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These include statements relating to the cost and time-to-market advantages of Kopin's complete EVF solution, the strong consumer demand for SLR-style cameras, the Company's belief that its CyberEVF 230K-NF provides the best value to digital camera makers, the increasing orders for Kopin's EVF products, and the Company's belief that its electronic viewfinders are fast becoming the industry standard among the world's leading digital camera manufacturers. 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. Factors that might affect the actual results, performance or achievements include, among other things, competitive products and pricing; the potential that Kopin might be unable to cost-effectively manufacture its CyberEVF® 230K-NF; an increase in the price of raw materials used to produce Kopin's microdisplays; changes in consumer preference for digital cameras, or the emergence of alternative photographic technologies; issues related to the supply or production of non-Kopin components used to manufacture its customers' digital cameras; the potential consequences surrounding any findings relating to the Company's special committee's ongoing internal review of stock option granting practices; uncertainty of results of pending civil litigation related to the Company's stock option grant practices; the potential for further delays related to the Company's regulatory filings; general economic and business conditions; and other risk factors and cautionary statements listed in the Company's periodic reports and registration statements filed with the Securities 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 circumstance occurring after the date of this report.
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Kopin - The NanoSemiconductor Company®
(First posted on Tuesday, July 17, 2007 at 10:35 EDT)