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Technology Stocks : Kopin Corp. (KOPN) -- Ignore unavailable to you. Want to Upgrade?

To: SJS who wrote (1168)	5/31/2000 10:17:00 AM
From: John J. Riley	Respond to of 1820

Samsung Electronics Places Multimillion-Dollar Order For Kopin CyberDisplay In New Camcorders; Kopin Extends Technology Leadership With Three of the Top Four Camcorder Makers TAUNTON, Mass.--(BUSINESS WIRE)--May 31, 2000--Kopin Corporation (NASDAQ: KOPN) announced today that it has begun shipping its CyberDisplay 320 in volume to Samsung Electronics Co. Ltd., one of the world's largest manufacturers of consumer electronics, and Kopin's third large camcorder design win in the last 12 months. Samsung, the fourth-largest camcorder manufacturer, is incorporating the CyberDisplay into the following six new camcorder models that the company is introducing this week in the United States and Europe: Analog NTSC models SCM51 and SCM529; Analog PAL models VP-M50 and VP-L500; and Digital models DVC VP-M55 and SCM55. Today's announcement marks the latest in a series of camcorder-related orders for the CyberDisplay. Matsushita Electric Industrial Co., Ltd., the world's largest consumer electronics company and Victor Company of Japan, Ltd. (JVC) both began incorporating the CyberDisplay into their camcorders in the last 12 months. "Samsung, Matsushita and JVC represent a combined 60 percent of the global market for camcorders, solidifying Kopin's position in this burgeoning segment," said Dr. John C.C. Fan, Kopin's president and chief executive officer. "These orders demonstrate that we have proven our ability to manufacture and deliver the CyberDisplay in volume, to the exacting standards of some of the world's leading consumer electronics companies." By combining high resolution and low power consumption, Kopin's CyberDisplay has made it possible for companies like Samsung, Matsushita and JVC to replace the traditional bulky and high-voltage cathode ray tube with the lightweight and energy-efficient imaging device. In addition to camcorders and digital cameras, Kopin sees the CyberDisplay as an efficient display choice for next-generation wireless handsets and other video-enabled devices. In-Yong Choi, Samsung's general manager of Camcorder Purchasing, Personal Digital Media Business Team said, "I can say that it was an excellent choice for Samsung to select the Kopin CyberDisplay, which improves productivity of our viewfinder assembly factory and enables a more compact design. The lower power consumption of the display is the additional benefit for our camcorder application. This year we will continue to increase the volume of Kopin's displays for the production of our existing models. In 2001, we plan to integrate them into our new 8mm camcorder models and also in a significant portion of new digital camcorder models. We expect that Samsung and Kopin can establish a strategic alliance for further development of camcorder technology." Il-joong Jeon, Samsung's general manager of Camcorder R & D, Personal Media Business Team said, "The Kopin CyberDisplay has increased our production efficiency by decreasing the number of components used in our manufacturing process. We hope to extend further cooperative relationships with Kopin in order to keep up the Kopin CyberDisplay technology for our consumer product applications." Kopin's CyberDisplay is a 0.24-inch diagonal transmissive active matrix liquid crystal display (AMLCD) that displays information at a pixel resolution of 320 x 240. At 1,700 lines per inch, it is the world's densest AMLCD. Along with displaying standard text and graphics, the CyberDisplay operates at video speeds and consumes less than 20mW of power, including the backlight. Motorola, Inc. is supplying an ASIC, which is the interface electronics between the CyberDisplay and the Samsung camcorder.