Kopin Corporation Hires New Vice President of Business Development for Defense Applications
March 05 2015 - 4:01PM
Business Wire
Kopin Corporation (NASDAQ:KOPN) a leading developer of
innovative wearable computing technologies and solutions, today
announced the hiring of Mr. Bill Maffucci as Vice President of
Business Development focusing on emerging applications in the
defense market.
Mr. Maffucci is an industry veteran with more than 35 years of
experience working with defense contractors in a variety of display
applications with special emphasis on the development of head
mounted display systems. Bill’s background includes extensive
experience in the advanced development of displays, optics and
ergonomic solutions for avionic and dismounted soldier systems.
“Kopin has a long track record of success in supplying the US
military with displays and imaging systems for the most advanced
soldier systems in the world,” said Dr. John C.C. Fan, CEO. “Bill
provides us with a wealth of experience in heads-up display systems
as we transition from a display and imaging system supplier to
developing and marketing full systems. In addition, Bill’s
experience with military heads-up systems will assist us in our
commercial Wearable system development efforts.”
Mr. Maffucci started working on head-up and head-mounted systems
in 1983 with Kaiser Electronics and later became a Vice President
for Kaiser Electro-Optics and Senior Director, Display Systems for
the Rockwell Collins Government Systems Optronics Group. Mr.
Maffucci was most recently with Intevac Photonics after they
acquired Creative Display Systems, a display system company that
Mr. Maffucci co-founded.
“Kopin has been the leading technology provider to the US
military for over 25 years. As the government replaces older
generation weapon sight and vision systems with new generation
digital systems, there is an opportunity for significant growth,”
said Mr. Maffucci. “Kopin’s broad product offerings, expertise in
optical system assembly free of foreign object and debis (FOD), and
customer support capabilities position Kopin very well for these
new opportunities.”
About Kopin
Kopin Corporation is a leading developer and provider of
innovative wearable technologies and solutions for integration into
head-worn computing and display systems to military, industrial and
consumer customers. Kopin’s technology portfolio includes
ultra-small displays, optics, speech enhancement technology, system
and hands-free control software, low-power ASICs, and ergonomically
designed smart headset reference 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.
Forward-Looking Statements
Statements in this news release may be considered
“forward-looking” statements under the “Safe Harbor” provisions of
the Private Securities Litigation Reform Act of 1995. These
include, without limitation, statements relating developing full
systems; our commercial Wearable system developments efforts; the
government replacing older generation weapon sight and vision
systems with current generation digital systems providing an
opportunity for significant growth; and Kopin’s broad product
offering, FOD-free assembly expertise and customer support
capabilities position Kopin very well for these new
opportunities. 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. These risks
and uncertainties include, but are not limited to, the following:
The Company may not be able to develop the full systems and
wearable products, the wearable market may not develop, the
government may not transition to digital systems or if they do they
may not award the Company contracts to be in these new systems, and
the Company’s products, assembly capabilities and customer support
may be insufficient to win customer programs, the Company may be
unable to release products that meet the needs of the wearable
market, there may be no demand for any products that we develop in
the coming months; it may take longer than the Company estimates to
develop products; there may be issues that prevent the adoption or
further development of the Company’s wearable computing
technologies; manufacturing, marketing or other issues may
prevent either the adoption or acceptance of products; the Company
might be adversely affected by competitive products and pricing;
new product initiatives and other research and development efforts
may be unsuccessful; the Company could experience the loss of
significant customers; costs to produce the Company’s products
might increase significantly, or yields could decline; and the
Company’s customers might be unable to ramp production volumes of
its products; 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 28, 2013, and the Company’s subsequent filings
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 circumstances occurring after the date of this
report.
Kopin CorporationRichard Sneider,
508-870-5959CFOrsneider@kopin.comorMichael Presz, 831-430-0688VP
Government Programs and Special Projectsmpresz@kopin.com
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