Kopin Stockholders Vote to Increase Authorized Shares
Shareholder Approval Enables Stock Split
Taunton, MA. Kopin Corporation (NASDAQ:KOPN), a leading manufacturer of gallium arsenide (GaAs) heterojunction bipolar transistor (HBT) products and miniature flat panel displays for wireless communications and digital imaging applications, today announced that its stockholders have approved increasing the Company s authorized shares of common stock from 20 million to 60 million.
The approval, which was necessary to accommodate a two-for-one stock split announced on December 9, 1999, came during a special stockholder meeting yesterday afternoon in Boston. The Company s board of directors last week authorized a two-for-one stock split in the form of a stock dividend to shareholders of record on December 20, 1999, payable December 29, 1999. Shareholders will receive one additional share for every share held on the Record Date. The stock split will increase the number of Kopin shares outstanding from approximately 15 million to approximately 30 million shares.
Kopin Corporation is a leading manufacturer of gallium arsenide transistor products and miniature flat panel displays for wireless communications and digital imaging applications. The Company s GaAs HBT transistors are used to produce power amplifier circuits for wireless telephone handsets and gigabit circuits for fiberoptic and Internet data transmission. Kopin s CyberDisplay(TM) family of ultra-small, high density imaging devices is designed for products including camcorders and digital cameras. Kopin s Web site is located at www.kopin.com.
Contact:
Kopin Corporation Sharon Merrill Associates, Inc.
Richard Sneider Scott Solomon
Tel: 508-824-6696 617-542-5300
rsneider@kopin.com ssolomon@investorrelations.com
Richard Sneider Scott Solomon
Tel: 508-824-6696 617-542-5300
rsneider@kopin.com ssolomon@investorrelations.com
E-mail: rsneider@kopin.com
