New, Smaller Microdisplays and Integrated Viewfinder Packages Will Help Manufacturers Produce the Next Generation of Compact Mobile Devices

TAUNTON, Mass.--(BUSINESS WIRE)--May 20, 2003-- Kopin Corp. (Nasdaq: KOPN) today announced it has reduced its record-small microdisplays to approximately half their previous size with the introduction of its new color filter CyberDisplay(TM) 113K and the CyberDisplay 300M, both 0.16-inch diagonal displays. These displays are in response to manufacturers' desire to continue to reduce the size of their next generation of mobile consumer electronic products and systems.

In addition, Kopin for the first time is introducing complete Electronic ViewFinder (EVF) systems, the CyberEVF 113K, the CyberEVF 300M and the CyberEVF 180K. The EVF systems, which include the display, lens, polarizer, backlight and housing, let manufacturers shorten design cycles, outsource more of their production needs and reduce the time to introduce new products to market.

Kopin is demonstrating these new products at the Society for Information Display International Symposium, Seminar & Exhibition (SID 2003), which runs through Friday, May 23 in Baltimore.

With the color filter CyberDisplay 113K and CyberDisplay 300M monochrome display, Kopin has shrunk the world's smallest transmissive microdisplays from 0.24-inch diagonal to 0.16-inch diagonal, making their area approximately half the size of Kopin's 320M. These displays are as small as a grain of rice and use far less battery power than competing offerings yet, with an appropriate optic, they provide a virtual image size as large and clear as much bigger displays. These displays augment Kopin's current products, which include the CyberDisplay 320M, more than nine million of which have been sold since its introduction in 1999. The CyberEVF 113K and the CyberEVF 180K, along with their respective displays, are compatible with off-the-shelf driver integrated circuits.

"We are very excited to introduce five new ultra-small display products that are aggressively pushing the envelope of display technologies. The tiny size, yet sharp images of these displays are truly astonishing," said Kopin Founder and Chairman Dr. John C.C. Fan. "These new display products are very important as our customers develop new products to meet the market demand for performance, cost and size. As with our nano-driven CyberLite(TM) light-emitting diode (LED) and Kopin HBT Transistors, we continue to drive our CyberDisplay products smaller but with superior performance in order to meet the intercept point where the price, performance and demand curves meet."

Products for every market

The new CyberDisplay 113K is the world's smallest color filter AMLCD display, with an active resolution of 521 x 218 (113,578) pixels in an ultra compact 0.16-inch diagonal display. It is ideal for digital camera viewfinders, games, head-mounted devices and mobile consumer or electronic applications.

The new CyberDisplay 300M, also the industry's smallest product of its kind, is a 0.16-inch monochrome AMLCD with an active resolution of 300 x 225 that will give customers a new way to reduce the size of the next-generation of camcorder. It can also be used in thermal weapon sights for the military and in infrared products for the police to see in the dark and firefighters to see through smoke.

The CyberEVF 113K and the CyberEVF 300M are complete compact viewfinder solutions incorporating Kopin's CyberDisplay 113K color filter display and CyberDisplay 300M respectively. These viewfinders, because of their tiny 0.16-inch displays, are the smallest EVFs in the world, at less than 0.15 cubic inches. EVFs are ideal for digital still cameras (DSCs) and are appearing in more expensive ones. They are preferred over optical viewfinders for high-zoom operations and can display stored data and video information. The CyberEVF 113K and the CyberEVF 300M address drawbacks in existing EVFs, which are too large, too power hungry and too costly. With a 17-degree field of view, the CyberEVF 113K and the CyberEVF 300M give the user a virtual image of an 18-inch screen at a distance of five feet.

The CyberEVF 180K is a complete compact viewfinder solution using Kopin's 0.24-inch CyberDisplay 180K color filter display (with an active resolution of 800 x 225, or 180,000 pixels) announced last fall. With an 18-degree field of view, the CyberEVF 180K gives the user a virtual image of a 19-inch screen at a distance of five feet.

All of these products are available today, and Kopin is sampling them with customers and partners. These products are part of Kopin's extended line of nanosemiconductor products, which include Kopin's super-efficient CyberLite LEDs and Kopin HBT Transistors from which manufacturers fabricate integrated circuits that power wireless phones, high-speed (up to 40Gbps) fiber optic networks, high-speed instrumentation and advanced mobile appliances.

About Kopin

Founded in 1984, Kopin is pioneering the use of nanotechnology to manufacture nanosemiconductor products that make mobile electronic devices small, fast, bright, lightweight and power efficient. With an intellectual property portfolio of more than 200 issued and pending patents, Kopin supplies the world's largest electronics manufacturers and government agencies with breakthrough semiconductor products. The company's liquid-crystal microdisplays, ultra-efficient transistors and high-brightness GaN LEDs enhance the delivery and presentation of voice, video and data. Kopin technology is currently used in nearly one-third of the world's cell phones and camcorders and is the microdisplay standard for the U.S. military. For more information, please visit Kopin's Web site at www.kopin.com.

CyberDisplay and CyberLite are trademarks of Kopin Corporation.

Statements in this news release about the introduction and expectations of the CyberDisplay 113K, CyberDisplay 300M, CyberEVF 113K, CyberEVF 300M and CyberEVF 180K are made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks and uncertainties that could materially affect future results. Among these risk factors are: general economic and business conditions and growth in the flat panel display; the impact of competitive products and pricing; availability of third-party components; cost and yields associated with production of the Company's CyberDisplay imaging devices; loss of significant customers; acceptance of the Company's products; continuation of strategic relationships; availability of integrated circuit fabrication facilities; and other risk factors and cautionary statements listed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission. These include, but are not limited to, the Company's Annual Report on Form 10-K for the year ended December 31, 2002 and Quarterly Report on Form 10-Q for the period ended March 29, 2003.