Kopin Expands Massachusetts Footprint to Advance U.S. MicroLED Manufacturing

The Massachusetts grant will fund advanced manufacturing equipment for domestic MicroLED and Neural I/o production.

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The expansion is supported by a $1.46 million Investment Tax Credit from the Commonwealth of Massachusetts.

WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin Corporation (Nasdaq: KOPN), a leading provider of application-specific optical systems and high-performance microdisplays, today announced plans to expand with a new headquarters, which will support the company’s growing domestic manufacturing capabilities and could create up to 80 new jobs over the next five years. Kopin expects to strengthen domestic manufacturing of MicroLED and optical technologies that address two growing needs: advanced displays for next-generation defense systems and more energy-efficient data connections for AI infrastructure.

“MicroLED is opening new possibilities in how soldiers and pilots see critical information and how AI systems move data,” said Michael Murray, Chief Executive Officer of Kopin Corporation. “Realizing that potential requires sustained investment in engineering talent, equipment and domestic manufacturing capacity. The Commonwealth’s support helps us build that capacity in Massachusetts, where Kopin has been innovating for more than 40 years.”

The expansion will support Kopin’s work to apply its MicroLED expertise across advanced defense displays and AI infrastructure. These programs include color MicroLED displays for next-generation soldier and pilot systems and Neural I/o™, an optical interconnect technology that uses MicroLEDs to transmit data through light. Neural I/o is designed to reduce the energy required to move data between AI processors, addressing a central challenge in scaling AI infrastructure. Relocating headquarters functions to 75 North Drive will free additional space at Kopin’s existing 125 North Drive facility for manufacturing expansion and future production programs, with new roles to span engineering, advanced manufacturing, semiconductor processing, and other business functions.

The project is supported by an approximately $1.46 million Investment Tax Credit through the Commonwealth of Massachusetts’ Economic Development Incentive Program (EDIP), administered by the Massachusetts Office of Business Development, and an $800,000 grant through the Massachusetts Manufacturing Innovation Initiative (M2I2). The tax credit will support facility and workforce investments, while the grant will fund advanced manufacturing equipment to expand domestic production of MicroLED technology and Neural I/o.

This investment builds on Kopin’s work advancing domestic manufacturing, including an additional $18.6 million award from the U.S. Department of Defense under the Industrial Base Analysis and Sustainment (IBAS) program to advance color MicroLED technology for next-generation soldier and pilot systems, bringing its total government funding under the program to $34 million. The company was also named Manufacturer of the Year by the Massachusetts Legislative Manufacturing Caucus, following a nomination by State Representative Kate Donaghue.

The headquarters expansion will be implemented in phases, with facility improvements, equipment installation, and operational growth aligned with Kopin’s long-term business strategy. Located at 75 North Drive, the headquarters will be adjacent to Kopin’s existing operations at 125 North Drive. The new roles will span engineering, advanced manufacturing, semiconductor processing, and other business functions.

Forward Looking Statements

This press release includes statements that constitute forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “guidance,” “plan,” “estimate,” “will,” “would,” “project,” “maintain,” “intend,” “expect,” “anticipate,” “prospect,” “strategy,” “future,” “likely,” “may,” “should,” “believe,” “continue,” “opportunity,” “potential,” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters.

Forward looking statements are only predictions and are subject to risks, uncertainties, and assumptions that are difficult to predict and, in many cases, outside of our control. Actual results may differ materially from those expressed or implied in any forward looking statements. All forward looking statements are qualified in their entirety by these cautionary statements. We undertake no obligation to update forward looking statements except as required by law. Important factors that could cause actual results to differ materially from those described in forward looking statements are detailed in the Company’s most recent form 10-K and other filings with the Securities and Exchange Commission.

In addition to the risks described in the Company's most recent Form 10-K and subsequent SEC filings, factors that could cause actual results to differ materially include, but are not limited to: the Company's ability to successfully develop, test and commercialize Neural I/o™ and related optical interconnect technologies; the timing and success of research and development activities; the ability to achieve projected technical performance, scalability, reliability and manufacturing objectives; uncertainties associated with modeled performance estimates and assumptions; the results of ongoing transmission-link testing and future demonstrations; the ability to develop production silicon and bring products to market on anticipated schedules, if at all; customer adoption of new data center architectures and optical interconnect solutions; competitive technologies and industry standards; supply chain, manufacturing and cost challenges; the availability of strategic partners and customers; rapid changes in artificial intelligence infrastructure requirements; and general economic, market and industry conditions.

About Kopin

Kopin Corporation (Nasdaq: KOPN) is a leading developer and provider of innovative display, Optical Interconnect devices and application-specific optical solutions sold as critical components and subassemblies for defense, enterprise, professional and consumer products. Kopin’s portfolio includes microdisplays, display modules, eyepiece assemblies, image projection modules and vehicle mounted and head-mounted display systems that incorporate ultra-small high-resolution Active Matrix Liquid Crystal displays (AMLCD), Ferroelectric Liquid Crystal on Silicon (FLCoS) displays, MicroLED displays (µLED) and Organic Light Emitting Diode (OLED) displays, a variety of optics and low-power ASICs and optical interconnect devices for data centers.

For more information, please visit Kopin’s website at www.kopin.com.

Kopin is a trademark of Kopin Corporation.

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For Investor Relations
Kopin Corporation
Erich Manz, Chief Financial Officer
emanz@kopin.com
508-870-5959

MZ Contact
Luke Zimmerman
MZ Group – MZ North America
KOPN@mzgroup.us
561-489-5315

Media Contact
BIG FISH PR
Kopin@bigfishpr.com

Source: Kopin Corporation

Key Terms

investment tax credit financial

An investment tax credit is a government incentive that reduces the amount of taxes a business owes after making certain investments, such as purchasing equipment or building facilities. It encourages companies to spend money on projects that can boost economic growth or improve infrastructure. For investors, it can make investments more attractive by increasing potential returns and supporting long-term business expansion.

microled technical

MicroLED is a type of display technology that uses tiny, individual light-emitting tiles to create images with bright colors, sharp contrast, and wide viewing angles. Because of their efficiency and high quality, microLED screens can provide clearer and more vibrant visuals, which can enhance the appeal and performance of electronic devices. For investors, advancements in microLED technology may signal potential growth opportunities in the electronics and display markets.

optical interconnect technical

Optical interconnect is a way of linking electronic components using pulses of light instead of traditional electrical wires, like swapping copper cables for fiber-optic highways inside and between devices. It matters to investors because light-based connections can carry much more data, use less power and generate less heat than electrical links, which can lower operating costs and enable faster, more scalable products for data centers, telecom and high-performance computing markets.

semiconductor processing technical

The set of industrial steps and techniques used to make semiconductor devices from raw wafers of semiconductor material. It typically includes front‑end wafer fabrication processes such as photolithography, thin‑film deposition, etching, ion implantation and doping, and metallization to form transistors and interconnects; and may also include back‑end steps such as wafer testing, dicing, packaging and final electrical testing. "Semiconductor processing" denotes the technical production workflow and equipment, not the business or sales side of semiconductor companies.