Scottsdale, Arizona 12/12/2008 3:47:23 AM
News / Finance

Kopin Corp. (KOPN) Receives $600,000 NASA Contract to Develop Nanostructured Solar Cell Technology

QualityStocks would like to highlight Kopin Corp. (NASDAQ: KOPN). The company produces lightweight, power-efficient, ultra-small liquid crystal displays and heterojunction bipolar transistors (HBTs) that are revolutionizing the way people around the world see, hear and communicate. Kopin has shipped more than 30 million displays for a range of consumer and military applications including digital cameras, personal video eyewear, camcorders, thermal weapon sights and night vision systems.

 

In the company’s news yesterday,

 

Kopin Corp. announced that it has been awarded a NASA Contract valued at $600,000 to produce nanostructured solar cells comprised of indium gallium phosphide (InGaP) materials. The goal of this two-year project is to develop a more efficient and less expensive solar cell design than existing multi-junction technology.

 

Dr. Roger E. Welser, Kopin’s Director of New Product Development, stated, “The material structures used in conventional solar cell designs significantly limit their power conversion efficiency and performance, requiring a trade-off between current and voltage. For this SBIR program, we are employing a proprietary, patent-pending structure incorporating InGaP barriers, the same material used in our HBT (heterojunction bipolar transistor) wafers for billions of cell phones.”

 

“In the Phase I program, Kopin produced several InGaP-based test structures that demonstrated a significant increase in the open-circuit voltage without any degradation in current. In this follow-up Phase II program, we aim to further enhance performance while maintaining our long-term objective to produce high-efficiency photovoltaic cells with low cost and good stability,” Welser continued.

 

Dr. John C.C. Fan, Kopin’s President and Chief Executive Officer commented, “This SBIR program is part of Kopin’s strategy to leverage our unique expertise in nanostructured III-V materials to create high-efficiency solar cells at low cost for the emerging terrestrial renewable energy market. For unconcentrated sunlight, we believe our innovative approach in this SBIR program has the potential to achieve conversion efficiencies exceeding 40% with a single p-n junction device, approximately 20% higher than the current efficiencies of today’s best multi-junction solar cells.”

 

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.