Ladenburg ThalmannTechnology ExpoMay 30,2019

FORWARD LOOKING STATEMENTS AND RISK FACTORS

• 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 that refer to expectations, projections, our stock value multiple, the value of head-worn computing 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 that 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.

• The following factors, among others, could cause actual results to differ materially from those set forth in this presentation:– Our ability to continue as a going concern, as noted in the report from our independent registered public accounting firm on our financial statements as of and for the fiscal year ended December 29,

2018– The market segment for our Wearable products may not develop or may take longer to develop than we anticipate, which may impact our ability to grow revenues.– Our revenues and cash flows could be negatively affected if sales of our Display products for military applications significantly decline.– Our ability to manufacture and distribute our Display products would be severely limited if the foundries that we rely on to manufacture integrated circuits for our Display products fail to provide those

services.– We depend on third parties to provide integrated circuit chip sets and critical raw materials for use with our headset systems and components and we periodically receive “end of life” notices from

suppliers that they will no longer be providing a raw material.– The markets in which we operate are highly competitive and rapidly changing and we may be unable to compete successfully. There are a number of companies that develop or may develop products

that compete in our targeted markets.– Disruptions of our production of our Display products would adversely affect our operating results.– A disruption to our information technology systems could significantly impact our operations revenue and profitability.– Our headset systems are dependent on software that we have limited experience in developing, marketing or licensing.– Our headset systems use software that we license from other companies ("Licensors") and require us to access the Licensor's data centers, and interruptions or delays in service from data center

hosting facilities could impair our customer's products.– We may not be successful in protecting our intellectual property and proprietary rights and we may incur substantial costs in defending our intellectual property.– Our customers who purchase display products for military applications typically incorporate our products into their products that are sold to the U.S. government under contracts. U.S. government

contracts generally are not fully funded at inception and may be terminated or modified prior to completion, which could adversely affect our business.– Most of our military sales are on a fixed-price basis, which could subject us to losses if there are cost overruns.– We generally do not have long-term contracts with our customers, which makes forecasting our revenues and operating results difficult.– A decline in the U.S. government defense budget, changes in spending or budgetary priorities, prolonged U.S. government shutdown or delays in contract awards may significantly and adversely affect

our future revenues, cash flow and financial results.• A more complete description of these risks and uncertainties can be found in the filings of the Company with the U.S. Securities and Exchange Commission, including in the Company’s Annual Report on

Form 10-K for the fiscal year ended December 29, 2018. We undertake no obligation to update any of these forward-looking statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forwarding-looking statements.

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INVESTMENT HIGHLIGHTS

3*Source: Gartner Research

Leading Provider of Wearable Technologies, Solutions and Components for Consumer, Enterprise/Industrial and Military Markets

At Inflection point for growth in the Consumer and Enterprise Wearables Market with Underlying Growth in the Military/Industrial Markets

Tier 1 Customers and Partnerships

Rich IP Portfolio

• Comprehensive portfolio of micro-display technologies (LCD, LCOS and OLED)• Leading portfolio of complete wearable headset solutions• Whisper® speech enhancement technology• Differentiated, patented technologies available for broad commercialization

• No.1 micro-display player in Military and Industrial verticals with sustainable growth from strong balance of R&D and production programs

• Wearables market is at a growth inflection point with over $24 billion TAM in 2017 and projected to grow to over $84 billion in 2022*

• Customers: Google, Lenovo, Lockheed Martin, Raytheon, Rockwell Collins, 3M Scott• Strategic Partnership: BOE, Goertek

• 300 patents and patent applications world wide with focus on wearable IP and critical components enabling wearable solutions

GOOGLE GLASS ENTERPRISE EDITION 2

Jay Kothari, Project Lead, Google Glass: “After thoroughly testing and evaluating all of the microdisplays available, we decided to again partner with Kopin due to their industry-leading display technology,”

• .

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

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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 QVGA0.24”

Electronic Viewfinder

Color VGA0.44”

Night Vision Goggle

Thermal Weapon Sights

Forte Virtual Reality

Lightning OLED

SolosSmart 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

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KOPIN TODAY- WEARABLE PRODUCT PORTFOLIO

Ultra-smallDisplays

Modules with Innovative Optics

Speech Enhancement

System Reference Designs

Consumer Military

PRODUCTS OVERVIEW: CUSTOMER PORTFOLIO

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Enterprise

WEARABLES: GROWTH OPPORTUNITIES

Wearables TAM ($B)

$24.8

$84.8

2017 2022

CAGR: 28%

Head-Mounted ($B) Hearables ($B)

$3.8

$25.3

2018 2022

CAGR:46%

$3.7

$23.7

2017 2022

CAGR: 45%

Wearables Market: $24.8B (2017) and projected to grow to $84.8B in 2022*

• Head-Mounted Displays: $3.7B TAM in 2017 and estimated $23.7B in 2022*• Hearables: $3.8B TAM in 2017 and estimated to grow to $25.3B in 2022*

*Source: Gartner ResearchNote: Total Wearables Market also includes smart clothing, smartwatches and wristbands

Kopin Target Markets

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REVENUE DRIVERS - MILITARY

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F-35 Strike Fighter Program – In Production• Projects all mission information on helmet’s visor‒ Airspeed, heading, altitude, targeting information and warnings

• Potential $100M revenue opportunity

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 production scheduled in 2020• Two FWS Programs potential $100M Kopin revenue opportunity • TWS-International development, production in early 2020 is potential $100M Kopin

revenue opportunity

Armored Vehicle – In Development• First design win in armored vehicles• Rollout $80M to $100M revenue opportunity• In development through 2020, then volume production

REVENUE DRIVERS – INDUSTRIAL & ENTERPRISE

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Vuzix M300 Golden-i® Infinity

Realwear hmt-1® 3M Scott Sight®

Industrial, Enterprise & Pro-sumer• Vuzix, Realwear, Lenovo New Vision, Others• Golden-i Infinity• 3-D metrology• Kopin shipped approximately 30,000 units in 2018

Safety• 3M Scott Safety Firemen Helmets – in production• In development with Chinese & European Helmet

Manufacturers

REVENUE DRIVERS IN CONSUMERSTRATEGIC ALLIANCES IN AR AND VR

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OLED

Kopin

BOE/Other

Goertek

Tier 1 Global Tech

Co.

• BOE is a China-based company engaged in research, development, manufacture of display products and components.

• We are currently working with a 2nd China-based OLED technology developer and display manufacturer.

• Goertek is a China-based global technology company that designs and manufactures a range of customer electronic products.

• We are working with a Tier 1 Global Technology Company who manufacturers and sells a range of consumer electronic products.

Friend/FOE

875m

230.63° 37 23.516 122 02.625

WHY DO CUSTOMERS CHOOSE KOPIN – WE SOLVE PROBLEMS LIKE THIS

Generic Display Engine

RetrofitRevisedOptics

+

GPS & Compass

=

Maintain fixed reticle

High ResolutionDVO always available

DVO stays on weaponRetains boresight

Visual and Sensor FusionSWIR, Thermal, I2

Target ID

Rapid Targeting

> First shot accuracy

Active Target reticleWind & Range

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AUGMENTED & VIRTUAL REALITY DISPLAY MODULES

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Augmented Reality (AR)• Transmissive AMLCDs for AR

‒ 0.20” – .97” diagonal

‒ QVGA – SXGA

• 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 (VR)• 2k by 2K OLED (Lightning™) for VR ‒ 1” diagonal‒ 2048 x 2048 resolution (4 million pixels) ‒ 120 Hz with low power consumption,‒ Pancake™ optics (< 20 mm thick) allows much smaller and thinner

mobile VR systems

KOPIN LCD (CYBERDISPLAY) FOR AR

Si IC LCD

LCD High Brightness for Out Door Applications

CyberDisplay

Lens Cyber Display

Virtual Image

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KOPIN OLED (LIGHTNING™ 2K) FOR VR

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• CES Innovation Award in January 2017

• OLED on Silicon Lightning™ 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

• 3X pixels versus existing Mobile VR OLEDs for natural, smooth images without the screen door effect

Resolution 2048 x RGB x 2048

Color Dot Pitch 2.88 x 8.64 um

Image Diagonal 0.99 in

Pixel Density 2,940 pixels per inch

Frame Rate Up to 120 Hz

Video Input 25-pair mini-LVDS

Process 1.2V / 5V, 0.11 um

KOPIN OLED FOR VR3X pixels versus

existing Mobile VR OLEDs for natural,

smooth images without the screen door effect

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120 Hz Frame Rate To Help Avoid Motion Artifacts That Can Cause Dizziness or Nausea

60 Hz VR = Motion Blur Artifact

120 Hz frame rate = No Motion Blur

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LIGHTNING 2K OLED

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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.

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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

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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)

BUS

I2S

to external audio to host

ARMCortex-M0

I2C UART

DSPCo-Processor

4

Digital MEMS Mic

Clock Manager

GPIOPDM PWM

ROM RAM

Main clock

SPI

22

PLL

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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.

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FINANCIAL HIGHLIGHTS

BALANCE SHEET HIGHLIGHTS

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March 30, 2019

Cash and marketable securities 36.9

A/R and inventory 8.0Contract assets and unbilled AR 2.1Other current assets 1.0

PP&E 2.2

Goodwill & intangibles 0.3

Other assets 10.8

Total assets 61.4

Current liabilities 12.9

Other 3.9

Equity 44.6

Total liabilities and equity 61.4

($ in millions)

(1) Does not reflect the equity raise of 7.2 million shares for net proceeds of $7.5 million

INCOME STATEMENT HIGHLIGHTS

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Q1 2019 Q1 2018

Revenue $5.5 $5.7

Gross profit (1.2) 1.0

R&D 5.0 4.6

SG&A 6.3 6.9

Operating loss (11.6) (9.8)

Non-operating income 0.3 4.3

Net loss (11.3) (5.5)

Net loss per share (basic & diluted) $(0.15) $(0.08)

($ in millions, except per share amounts)

RECENT HIGHLIGHTS

• Received Second POI from Tier One Enterprise Customer: The shipment of display modules to a Tier One US internet company for its soon-to-launch next generation augmented reality (AR) smart glasses

• 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.

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INVESTMENT HIGHLIGHTS

27*Source: Gartner Research

Leading Provider of Wearable Technologies, Solutions and Components for Consumer, Enterprise/Industrial and Military Markets

At Inflection point for growth in the Consumer and Enterprise Wearables Market with Underlying Growth in the Military/Industrial Markets

Tier 1 Customers and Partnerships

Rich IP Portfolio

• Comprehensive portfolio of micro-display technologies (LCD, LCOS and OLED)• Leading portfolio of complete wearable headset solutions• Whisper® speech enhancement technology• Differentiated, patented technologies available for broad commercialization

• No.1 micro-display player in Military and Industrial verticals with sustainable growth from strong balance of R&D and production programs

• Wearables market is at a growth inflection point with over $24 billion TAM in 2017 and projected to grow to over $84 billion in 2022*

• Customers: Google, Lenovo, Lockheed Martin, Raytheon, Rockwell Collins, 3M Scott• Strategic Partnership: BOE, Goertek

• 300 patents and patent applications world wide with focus on wearable IP and critical components enabling wearable solutions