Taunton, MA--Kopin Corporation (NASDAQ: KOPN) has acquired all of the outstanding common stock of Scotland-based Forth Dimension Displays (FDD; Fife, Scotland), a provider of all-digital high-resolution near-to-eye ferroelectric reflective microdisplays. 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.
Kopin produces full-color microdisplays, and has shipped more than 30 million displays for a range of consumer and military applications that include digital cameras, personal-video eyewear, camcorders, thermal weapon sights, and night-vision systems
"FDD's ultrahigh-resolution reflective microdisplay is already used extensively within a variety of applications such as high-performance cinematography, training and simulation, 3D metrology, and medical imaging," says Kopin president and chief executive officer John C.C. Fan. "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."
FDD had approximately $6 million of 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, see www.kopin.com.
Follow us on Twitter
Subscribe now to Laser Focus World magazine; it’s free!
