Kopin Acquires Majority Stake in Low-Power Mixed-Signal IC Design Company
Kopin Acquires Majority Stake in Low-Power Mixed-Signal IC Design Company
e-MDT America Specializes in Display Backplane and Driver IC
WESTBOROUGH, Mass.--(BUSINESS WIRE)-- Kopin® Corporation (KOPN), a leading provider of critical components and licensing concept systems to partners who develop branded wearable computing products, today announced it has acquired the majority share of privately held e-MDT America, Inc. in Santa Clara, California an expert in low-power analog/digital circuit designs. e-MDT America specializes in designing ultra-low-power driver integrated circuits (ICs) and backplanes for many kinds of displays, including reflective liquid crystal on silicon (LCOS) displays.
"The investment in e-MDT America is part of our strategy to provide our partners the best and most-complete technology portfolio of components and solutions for the emerging wearable computing market," said Dr. John C.C. Fan, CEO of Kopin Corporation. "e-MDT America is a recognized leader in the design of ultra-low-power mixed-signal circuits and should greatly enhance our capability in designing new smaller and lower power chip sets for wearable computing systems."
"We are delighted to join the Kopin family," said Jin Kim, president of e-MDT America. "Kopin has been a very close partner to e-MDT America for many years, and we believe we can contribute greatly to Kopin's strategy by meeting the needs of Kopin's customers to have low-power components in their wearable computing systems."
About Kopin
Kopin Corporation is a leader in providing critical components and licensing concept systems to partners who develop branded wearable computing products. Kopin's technology portfolio includes ultra-small displays, optics, speech enhancement, software, low-power ASICs, and ergonomically designed Golden-i® concept headset computing systems. Kopin's proprietary components and technology are protected by more than 200 global patents and patents pending. For more information, please visit Kopin's website at www.kopin.com and www.mygoldeni.com.
Kopin and Golden-i are registered trademarks of Kopin Corporation.
Safe Harbor Statement
Statements in this news release about the acquisition of the majority stake in e-MDT America Inc. 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 expectation that e-MDT America will greatly enhance our capability in designing new smaller and lower power chip sets for wearable computing systemsand our belief that e-MDT America can contribute greatly to Kopin's strategy by meeting the needs of Kopin's customers to have low-power components in their wearable computing systems. 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; e-MDT America, Inc. may not be able to help us achieve our strategic goals;we may change our strategy of offering critical components and licensing concept systems; we may be unable to sell critical components and license conceptsystems; we may change the key technologies we are focusing on; and other risk factors and cautionary statements listed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 29, 2012.
Kopin Corporation
Richard Sneider
Treasurer and Chief Financial Officer
508-824-6696
Richard_Sneider@kopin.com
or
Edelman
Calley Means
News Media Relations
202-200-8009
calley.means@edelman.com
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