Kopin Corporation

Kopin Corporation
Nasdaq: KOPN
Headquarters
Westborough Edit this on Wikidata
,
United States Edit this on Wikidata
Websitekopin.com

The Kopin Corporation (Nasdaq: KOPN) is a Westborough, Massachusetts-based electronics manufacturer, best known for its microdisplay devices and application specific optical solutions for defense, enterprise, medical and consumer mobile electronics.

Microdisplays

Founder and former Chairman, President and CEO John C.C. Fan describes the company's growth strategy as being based on expanding the range of applications for microdisplays.[1]

Kopin's first CyberDisplay product debuted in 1999 in a JVC digital camera; it featured a 320x240 pixel display with a 0.24 inches (0.61 cm) diagonal measurement.[2] In 2007, the Olympus Corporation chose a Kopin CyberDisplay with QVGA-level resolution for inclusion as a viewfinder in its SP-550 UZ model.[3] In 2012, the company's newest CyberDisplay model had a diagonal measurement of 0.27 inches (0.69 cm) with VGA-level resolution of 640x480 pixels.[4]

Outside of the consumer market, Kopin's microdisplays have also been used in electronics devices aimed at the military and law enforcement officers. In 2008, the United States Army awarded Kopin with the first phase of a $4.2 million program aimed at producing microdisplays more quickly and improving their performance, with the aim of incorporating them in night vision devices.[5]

Other products

Kopin also previously manufactured heterojunction bipolar transistors.[6]

Acquisitions

In January 2011, Kopin acquired British optoelectronics company Forth Dimension Displays (FDD) for £7 million in cash. Kopin's former president John Fan indicated in media comments that Kopin was especially interested in FDD's ultra-high resolution reflective microdisplays and time domain imaging technology.[7]

Controversy

In July 1999, Neil Bush, (son to President George H. W. Bush and brother to President George W. Bush) made at least $798,000 on three stock trades in a single day of Kopin Corp. where he had been employed as a consultant. The company announced on the same day good news about a new Asian client that sent its stock value soaring. Bush stated that he had no inside knowledge and that his financial advisor had recommended the trades. He said, "any increase in the price of the stock on that day was purely coincidental, meaning that I did not have any improper information."[8] When asked in January 2004 about the stock trades, Bush contrasted the capital gains he reported in 1999 and 2000 with the capital losses on Kopin stock he reported ($287,722 in all) in 2001. In 2001 Kopin joined a broad decline in high-tech stock valuations.[9]

References

  1. ^ "Perspective: Kopin Looks to Broaden Uses for its Microdisplays". Nikkei Electronics Asia. 2006-11-16. Archived from the original on 2014-02-22. Retrieved 2014-02-15.
  2. ^ "JVC brings Kopin CyberDisplay to market!". Imaging Resources. 1999-07-30. Retrieved 2014-02-16.
  3. ^ "Olympus selects Kopin's electronic viewfinder for SP-550 UZ". ePhotoZine. 2007-03-29. Retrieved 2013-02-16.
  4. ^ Tomkins, Mike (2012-06-05). "Electronic viewfinders without the bulk: Kopin shrinks the microdisplay". Imaging Resource. Retrieved 2014-02-16.
  5. ^ "Kopin wins microdisplay deal for Army night-vision program". Boston Business Journal. 2008-04-22. Retrieved 2014-02-16.
  6. ^ "Kopin extends supplier deal with Skyworks". Boston Business Journal. 2008-04-15. Retrieved 2014-02-16.
  7. ^ Cameron, Greig (2011-01-12). "Forth Dimensions Displays bought by US giant". Business Insider. Archived from the original on 2013-09-13. Retrieved 2014-02-15.
  8. ^ Pete Yost (Associated Press) "Neil Bush made 1-day stock profit of $171,370," Houston Chronicle, 31 December 2003, accessed 21 November 2010.
  9. ^ "CNN.com - Neil Bush makes one-day profit over $170,000 - Jan. 2, 2004". Archived from the original on June 19, 2006.