19 January 2016

IQE makes final $15m payment for Kopin's III-V product line

Kopin Corp of Westborough, MA, USA has received $15m from epiwafer foundry and substrate maker IQE plc of Cardiff, Wales, UK as the final payment from the sale of its III-V Product line. Under the terms of the sale (completed in January 2013), Kopin sold its integrated circuit business for a total of about $70m in cash.

Kopin has used the proceeds from the sale to invest in the development of wearables components, and it now provides components to enterprise and consumer developers of head-mounted displays, along with the military.

At the 2016 International Consumer Electronics Show (CES) in Las Vegas earlier in January, Kopin demonstrated Solos (its smart eyewear for elite cyclists); launched Whisper Voice Chip (its voice extraction technology); announced Pupil (the world's smallest glass display); and was featured in 13 different companies that demonstrated products at the show.

See related items:

IQE to acquire Kopin's III-V assets for $75m; share placing to raise £16.5m

Tags: IQE Kopin

Visit: www.kopin.com

Visit: www.iqep.com