Kopin gains significant access to the European and NATO defense market
Accelerates development of critical technologies
Further strengthens Kopin’s balance sheet
Fixed conversion price of $3.00 per share on $7 million convertible preferred stock issuance
WESTBOROUGH, Mass. – Kopin Corporation (NASDAQ: KOPN) a leading provider of application-specific optical systems and high-performance microdisplays for defense, training, enterprise, industrial, consumer and medical products, announces a $15.0 million strategic investment agreement by Theon International Plc (Euronext Amsterdam: THEON), a globally recognized developer and manufacturer of advanced thermal imaging and night vision systems for global defense and thermal imaging markets.
Upon closing the parties will enter into a licensin