Kopin announces restructuring with partial spinout of oled development unit and reduction in force

Westborough, mass.--( business wire )--kopin® corporation (nasdaq: kopn), a leading developer and provider of transmissive and reflective active-matrix liquid crystal (lcds), organic light emitting diode (oled) and inorganic light emitting diode (led) microdisplays, announces it has entered in a technology license agreement (the agreement) with lightning silicon technology, inc. (lightning silicon), a california company. lightning silicon is a company formed by dr. john c.c. fan, kopin's chairman of board, and former chief executive officer, to develop and supply advanced organic light emitting diode (oled) microdisplays for the consumer augmented reality (ar) and virtual reality (vr) markets.
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