Unified Communications Industry News

TMCNet:  Kopin Corporation Announces Restricted Stock Award

[January 02, 2013]

Kopin Corporation Announces Restricted Stock Award

TAUNTON, Mass. --(Business Wire)--

Kopin Corporation (NASDAQ: KOPN) today announced, as required by NASDAQ Listing Rule 5635(c)(4), that it has granted restricted stock to Mr. Dashen Fan ("Mr. Fan"), a new employee, as a material inducement for Mr. Fan to enter into employment with Kopin. Mr. Fan is not related to Dr. John C.C. Fan, Kopin's President and Chief Executive Officer.

Kopin's Board of Directors, including all of its independent directors, has agreed to award Mr. Fan up to 400,000 shares of restricted common stock as an inducement grant outside of Kopin's 2010 Equity Incentive Plan. A total of 100,000 shares vest upfront and the remaining 300,000 shares vest based on the achievement of certain performance milestones. In the event that Mr. Fan is terminated or no longer an employee of Kopin, he is ineligible to continue to vest under this restricted stock award.

About Kopin Corporation

Kopin Corporation is developing Golden-i®, a proprietary voice-activated, cloud computing, wireless, hands-free technology with microdisplay capabilities for use in headset computers. Kopin's unique HBTs (heterojunction bipolar transistors), which help to enhance battery life, talk time and signal clarity, have been integrated into illions of wireless handsets as well as into WiFi (News - Alert), VoIP and high-speed Internet data transmission systems. Kopin's proprietary technologies are protected by more than 200 global patents and patents pending. For more information, please visit Kopin's website at www.kopin.com and www.mygoldeni.com.

Kopin, CyberDisplay, Golden-i and The NanoSemiconductor Company are trademarks of Kopin Corporation.

Kopin - The NanoSemiconductor Company™

Forward-looking Statements

Statements in this news release may be considered "forward-looking" statements under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These include statements relating to the Company's belief that Mr. Fan will achieve certain milestones and earn 300,000 shares of Kopin Corporation's common stock; and other statements that may project or imply future results, events, performance or achievements. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the potential that Mr. Fan will not achieve the milestones and even if such milestones are achieved they may not provide Kopin Corporation with the expected benefits; and other risk factors and cautionary statements listed in the Company's periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 31, 2011, and the Company's subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this report.


[ Back To Unified Communications's Homepage ]

Request a Quote
Become a Partner
White Papers
Customer Service in the Age of the Cloud
The ability to provide excellent customer service matters more than ever, given the expectations of consumers today. Take a recent report from Microsoft on the state of customer service, for example ...
Cloud Solutions Take the Stress Out of Moving Offices
Moving offices or opening a new location can be a serious challenge.The logistical hurdles can be daunting...
Case Studies
Gilbane Company Building
Gilbane works on large construction projects that typically last about 1-3 years. As a result, project trailers need to be equipped with a state-of-the-art phone solution but capital cost constraints prohibit purchasing equipment that will only be used for a few years...
Sable Natural Resources
Sable Natural Resources required a more flexible voice solution with advanced capabilities in combination with cost savings...
Product Sheets
FusionWorks
FusionWorks is a cloud-based phone, conferencing, messaging and collaboration service that combines the cost savings of cloud services with the productivity of Unified Communications (UC)...
Web Collaboration
Fusion Web Collaboration is a web and video conferencing tool for hosting online meetings, webinars and training...