Kopin Corporation Promotes Bill Maffucci to Vice President of Defense Programs
April 14 2015 - 9:00AM
Business Wire
Kopin Corporation (NASDAQ:KOPN) a leading developer of
innovative wearable computing technologies and defense solutions,
today announced the promotion of Mr. Bill Maffucci to Vice
President of Defense Programs, reporting to Dr. John C. C. Fan,
Kopin’s President & CEO. Mr. Maffucci leads Kopin’s Visual
Products Group which is located in Scotts Valley, California, and
is responsible for defense product prototyping, R&D efforts and
management of defense production. He succeeds Mr. Mike Presz, who
will continue supporting Bill in a business development
capacity.
“I am delighted at the opportunity to lead such a prestigious
group,” said Mr. Maffucci. “While the defense industry is facing
significant headwinds due to reductions in defense spending, there
are nevertheless opportunities for significant growth in Kopin’s
business. These opportunities will be tied to emerging applications
in digital night vision devices, overlay display weapon sight
technology and a new generation of targeting and imaging devices,
and Kopin is well positioned to capture business in these new
areas.”
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.
“Over the past twenty-five years Kopin has built a solid
reputation of providing quality products and services to the U.S.
Government,” said Dr. John C.C. Fan, CEO. “Our display products are
deployed in over 250,000 of the most advanced soldier systems in
the U.S. inventory. Bill’s leadership, experience and personal
dedication will continue that tradition of quality and integrity in
everything Kopin provides.”
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 to opportunities
for significant growth in Kopin’s business; opportunities will be
tied to emerging applications in digital night vision devices,
overlay display weapon sight technology and a new generation of
targeting and imaging devices; and Kopin being well positioned to
capture business in these new areas. 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
products for applications in digital night vision devices, overlay
display weapon sight technology and a new generation of targeting
and imaging devices; the Company may not have significant or any
growth, the Company may be unable to release products that meet the
needs of the defense 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
defense 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 27, 2014, 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.comorBill Maffucci, 831-430-0688VP,
Defense Programsbmaffucci@kopin.com
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