Needham Growth Conference2019

FORWARD LOOKING STATEMENTS

This presentation includes forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. These statements relate to our expected future financial and operating performance, growth in the markets in which our products are sold, our market share for our products, and our significant customers. We may use words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “could,” “seeks,” “estimates,” and variations of such words and similar expressions in identifying forward-looking statements. In addition, any statements which refer to expectations, projections, our stock value multiple, the value of head-worn computing and or our products, or other characterizations of future events or circumstances are forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions which are difficult to predict. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements, whether as a result of new information, future events or otherwise. We refer you to the documents the Company files from time to time with Securities and Exchange Commission, and specifically the “Risk Factors” section of the Company’s Form 10-K for the period ended December 30, 2017. We do not undertake to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

2

MOBILE VR, AR AND WEARABLE HEADSET TECHNOLOGY : KOPIN’s 30 Year Quest

3

1990 1995 2000 2005 2010 2015

Kopin

Transmissive Display

Golden-i Headset

Computer

Video Eyewear

Electronic

Viewfinder

Mono SXGA

0.97”

Funding for

microdisplays

Mono QVGA

0.24”

Electronic

Viewfinder

Color VGA

0.44”Night Vision

Goggle

Thermal Weapon

Sights

Forte Virtual

Reality

Lightning OLED

Solos

Smart Glasses

Shipped over 35M Displays

Golden-I Infinity

2018

KOPIN TODAY - INTELLECTUAL PROPERTY PORTFOLIO

• More than 300 patents and pending

• Most of the patents are related to wearables

• Licensed IP to some companies• Royalties

• Component sales

• Equity stake

4

5

KOPIN TODAY- WEARABLE PRODUCT PORTFOLIO

Ultra-smallDisplays

Modules with Innovative Optics

Speech Enhancement

System Reference Designs

Consumer

•Goertek

•Oriscape

•SOLOS

Military

•Elbit

•DRS

•Lockhead Martin

•Raytheon

•Rockwell Collins

Enterprise

•Fujitsu

•Google

•Lenovo New Vision

•RealWear

•Scott Safety

•Vuzix

KOPIN TODAY- CUSTOMER PORTFOLIO

6

RECENT HIGHLIGHTS

• Endopodium to Develop High Resolution Wearable Displays for Medical and Surgical

Applications: develop and commercialize next generation of head mounted display

system (HMD) designed for advanced medical and surgical applications

• TrainingPeaks: Kopin teaming up with TrainingPeaks LLC., to support TrainingPeaks'

Structured Workouts.

• Agreement with JUTZE Intelligence Technology Co., Ltd. (JUTZE) : Kopin subsidiary

Forth Dimension Displays to provide displays for JUTZE Mirage series of 3D SPI

(Solder Paste Inspection) equipment.

• Agreement with Skully Technologies: SKULLY will incorporated Kopin’s WQVGA

Microdisplay and A230 driver IC in the SKULLY FENIX AR motorcycle helmet.

• 5,000 Units Shipment to Tier One Customer: The shipment of 5,000 display modules to

a Tier One US internet company for its soon-to-launch next generation augmented

reality (AR) smart glasses

• Kopin’s Golden-i Infinity Wearable Evaluation Program Commences: Approximately 100

Organizations Have Signed up to Pilot Test the Unique Smart Glass Platform that

combines Kopin’s industry leading display and Whisper® voice extraction technologies

to provide a smart screen that clips on to safety glasses, bump caps or hardhat.

7

REVENUE DRIVERS - MILITARY OPPORTUNITIES

• F35 Strike Fighter Program – In Production

– All the information pilots need to complete their missions – airspeed, heading, altitude, targeting information and warnings – is projected on the helmet’s visor, rather than on a traditional Heads-up Display.

– Potential $100M revenue opportunity over the next 10 years

• U.S. Army FWS Program

– FWS Individual (FWS-I) Selected by one of two prime contractors to provide the eyepiece assemblies for the next generation of thermal sights – In Production

– FWS Crew Served (FWS-CS) Engineering and Development Contract awarded in 2016, Prototype Testing into 2019, then Deployment schedules - Development

– FWS Program is Potential $100M revenue opportunity over the next 10 years

• Armored Vehicle – In Development

– First design win in armored vehicles. A Kopin FDD NVIS Win.

– Rollout $40M to $80M revenue opportunity over the next 10 years

– In development through 2020, then volume production

8

REVENUE DRIVERS - INDUSTRIAL

• Industrial: Vuzix, Realwear, Lenovo New Vision, Others

• Safety: Scotts Safety Firemen Helmets (In discussions with European & Chinese Helmet Manufacturers)

• 3-D metrology

• Golden-I Infinity

• Industrial Headset Customers

– Kopin shipped approximately 30,000 units in 2018 and 2019 projects to over 100,000 units

9

Friend/FOE

875m

230.63° 37 23.516 122 02.625

WHY DO CUSTOMERS CHOOSE KOPIN – WE SOLVE PROBLEMS LIKE THIS

Generic

Display Engine

Retrofit

Revised

Optics

+

GPS & Compass

=

Maintain fixed reticle

High Resolution

DVO always available

DVO stays on weapon

Retains boresight

Visual and Sensor Fusion

SWIR, Thermal, I2

Target ID

Rapid Targeting

> First shot accuracy

Active Target reticleWind & Range

10

– Comprehensive line of modules for all HMD needs: Consumer & Enterprise applicationsAugmented Reality

• Transmissive AMLCDs for AR

– 0.20” – .88” diagonal

– QVGA – QXGA

• Backlights: Super-high brightness to Compete with the Sun, low power for inside and outside use

• Optics: Compact designs -- everyone wants small and good looking device – even in enterprise use

• Driver ASICs: small size, low power

Virtual Reality

• 2k by 2K OLED (Lightning™) for VR

– 1.0” diagonal

– 2048 x 2048 resolution (4 million pixels)

– 120 Hz with low power consumption,

– Pantile™ optics (< 30 mm thick) allows much smaller and thinner mobile VR systems

AMLCD - Augmented Reality

OLED -Virtual Reality

AUGMENTED & VIRTUAL REALITY DISPLAY MODULES

11

KOPIN LCD (CYBERDISPLAY) FOR AR

Si IC LCD

LCD High Brightness for Out Door Applications

CyberDisplay

LensCyber Display

Virtual Image

12

13

•CES Innovation Award in January 2017

•OLED on silicon architecture provides the highest resolution, fastest speed, and lowest power

•Kopin has a unique, patented architecture (10 patents pending)

•Fabless manufacturing model for rapid volume ramp

KOPIN OLED (LIGHTNING) FOR VR

KOPIN OLED FOR VR

3X pixels versus

existing Mobile VR

OLEDs for natural,

smooth images without

the screen door effect

14

120 Hz Frame

Rate To Help

Avoid Motion

Artifacts That

Can Cause

Dizziness or

Nausea

60 Hz VR = Motion Blur Artifacts

120 Hz frame rate = No Motion Blur

15

LIGHTNING 2K OLED

16

Kopin, one that’s not only interesting but potentially

extremely pertinent to next generation VR hardware.

Seeing is believing here, and I quite literally could not see

anything resembling aliasing on the display even with a 10x

loupe to try and look more closely at the display

The Technology That May Drive The Next Generation of

Phones and Mobile Devices…the most advanced display I

saw came from Kopin, which showed a 1-inch OLED panel with

a 2048 by 2048 resolution and a 120 Hz frame rate

2048×2048 and a fast 120 Hz frame rate - firsts for the VR

industry and will raise the bar on performance… Latency is

also an astoundingly low 10 microseconds

Kopin Debuts Lightning OLED Microdisplay With 2k x 2k

Resolution for Mobile VR New High-Speed 4 Million Pixel

Display Wins CES Innovation Award for Mobile Virtual

Reality.

17

40

VR AND AR OPTICAL MODULES

60

Distance to Eye (MM)

20

Field of View

PRISM

PEARL

Augmented Reality and Virtual Reality – Matching Display and Optics

PUPIL

Virtual RealityPANCAKE

PANTILE80

100

17

KOPIN WHISPER CHIP: A DIFFERENT APPROACHTO AUDIO

Specifically designed for Wearables

• No distortion to voice signal – natural voice

• Adaptive voice detection – “listening” adjusts

to environmental noise level

• Lowest power – less than 12 mW

• Only 16MHz clock frequency

• Replaces CODEC – All digital

• “Configurable” for your device

• Digital microphone in (up to 4)

• Digital speaker out (2)

• Compact size (4x4 mm)

BU

S

I2S

to

external

audio to host

ARM

Cortex-M0

I2C UART

DSP

Co-Processor

4

Digital

MEMS Mic

Clock

Manager

GPIOPDM PWM

ROM RAM

Main clock

SPI

22

PLL

18

VOICE INTERFACE:– Kopin has developed the Whisper Chip™ that provides up to almost 2X

improvement in human-to-machine (H2M) automatic speech recognition (ASR) rates.

19

BALANCE SHEET HIGHLIGHTS September 29, 2018($ in millions)

Cash and marketable securities $46.2

A/R and inventory 7.6

Contract assets and unbilled AR 1.9

Other current assets 1.2

PP&E 5.0

Goodwill & intangibles 2.0

Other assets 7.7

Total assets $71.6

Current liabilities $10.1

Other 2.3

Equity 59.2

Total liabilities and equity $71.6

20

Customers/partners leverage our portfolio of key technologies developed over 30 year history

• LCOS displays (transmissive and reflective)

• OLED 2K x 2K display, 720P

• Optics

• Ergonomics

• Software

• Electronics

• Packaging

• Speech Enhancement

TechnologyWe understand the complete wearable headset system requirements

SUMMARYA FOCUS ON WEARABLES

Demonstrate that the breadth of our knowledge and increase our critical component offerings enabling our partners to develop tailored solutions and reduce their time to market

Customers

Continue to enhance our IP portfolio on key technologies and concept system designs

Innovation

21