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Kopin Acquires Forth Dimension Displays

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TAUNTON, Mass., Jan. 19, 2011 — Nanosemiconductor company Kopin Corp. said it has expanded its display technologies portfolio by acquiring Scotland-based reflective microdisplays manufacturer Forth Dimension Displays (FDD) Ltd. for approximately $11 million in cash.

FDD makes ultrahigh-resolution reflective microdisplays used in cinematography, training and simulation, 3-D metrology and medical imaging. Kopin manufactures mobile computing headsets, ultrasmall liquid crystal displays for consumer and military applications and heterojunction bipolar transistors used in wireless handsets.

"With this acquisition we will be the only microdisplay manufacturer that can offer complete system solutions with either reflective or transmissive liquid crystal display technologies," said Kopin President and CEO Dr. John C.C. Fan.

The purchase price was approximately $11 million in cash plus an earnout provision if certain revenue milestones are reached within one year of the purchase date. FDD generated approximately $6 million in revenue in 2010 and Kopin projects that FDD will be accretive to 2011 earnings. All of FDD's key employees have agreed to join Kopin.

For more information, visit: www.kopin.com

Photonics.com
Jan 2011
GLOSSARY
cinematography
The technique of making motion pictures.
liquid crystal
A type of material that possesses less geometrical regularity or order than normal solid crystals, and whose order varies in response to alterations in temperature and other quantities. Liquid crystals are characterized by phase varieties, including cholesteric, nematic and smectic. The optical properties of liquid crystals are familiar from their use in displays, known as LCDs.
metrology
The science of measurement, particularly of lengths and angles.
microdisplay
A transmissive, reflective or emissive high-resolution display that typically measures 1 cm diagonally, and whose use requires magnifying optics to project a highly magnified image on a surface for the image to be observed by the viewer.
3-D metrologyacquisitionsAmericasBusinesscinematographyConsumerdefenseDisplaysearningsEuropeFDDForth Dimension DisplayshandsetimagingJohn C.C. FanKopinliquid crystalMassachusettsmedical imagingmetrologymicrodisplaymobile computingnanosemiconductorpurchasereflectiveScotlandTest & Measurementultrahigh resolution

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