Kopin Corporation (<NASDAQ: KOPN>), a developer of optical systems and microdisplays, issued a statement regarding a recent court ruling in its legal dispute with BlueRadios, Inc. A post-trial order from the U.S. District Court for the District of Colorado concluded the case in favor of BlueRadios.
The court awarded BlueRadios approximately $19.7 million in damages. However, the court rejected BlueRadios’ request for a permanent injunction. This means Kopin will not face restrictions on its current or future operations.
Michael Murray, Kopin‘s Chief Executive Officer, commented on the decision. He expressed the company’s belief that the damage award is unjustified and contradicts existing laws. Murray emphasized that the lack of an injunction confirms there’s no threat to current or future customer orders. Kopin intends to formally appeal the court’s decision.
The company also included a cautionary statement regarding forward-looking statements within the press release. These statements, which include projections about the appeal and its potential outcome, are subject to various uncertainties and risks. Kopin emphasized that actual results may differ from these predictions.
The company further clarified that the outcome of any litigation, along with other external factors, could significantly impact its financial performance. Investors are advised to review Kopin‘s filings with the Securities and Exchange Commission for a comprehensive understanding of potential risks.
Kopin Corporation is a leading producer of display and optical solutions for various industries, including defense, enterprise, professional, and consumer markets. Its product portfolio includes microdisplays, display modules, and head-mounted display systems. The company utilizes various display technologies, including AMLCD, FLCoS, µLED, and OLED.
The company’s statement concluded with contact information for media inquiries. Kopin indicated its intention to pursue the appeal while continuing its strategic global growth plans. The legal battle between Kopin and BlueRadios continues to unfold.
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