Kopin® Corporation (NASDAQ: KOPN), a leading developer and provider of transmissive and reflective active matrix liquid crystal and organic light emitting diode (OLED) microdisplays and display subassemblies for military, enterprise, industrial, consumer and medical products, today announced that its BDM® WVGA LCD module and A912 Driver IC have been chosen by Medisim Ltd. for its BinoVision™ goggles.
Medisim Ltd., based in Israel, developed the novel and patented product - BinoVision™, aiming to treat Amblyopia (Lazy Eye). The binocular head-mounted video goggle connects to most streaming video sources (computer, TV, game console, etc.) and uses the content (movies, cartoons, games, music videos, TV shows) to enable brain stimulation. BinoVision™ is content agnostic, so compliance is high. A published clinical study results of the technology showed that dichoptic stimulation of the visual system can significantly improve visual function in just 4 weeks. A feasibility study at Indiana University suggested BinoVision™ goggles, with some modifications, may also be used in the future for glaucoma. In a published study, the technology demonstrated increasing ocular blood flow and retinal perfusion both in glaucoma patients and healthy subjects.
"Kopin’s knowledge of microdisplays and optical modules was very apparent to us during our process of selecting a near-to-eye LCD,” said Ilan Vadai, CEO, Medisim Ltd. "Kopin’s WVGA module and A912 ASIC were key components necessary to bring BinoVision™ to fruition. Kopin’s displays provide a high level of brightness - a key requirement for our application. In addition, with the displays and optics precisely aligned and securely packaged in a binocular module, the ease of integration was unmatched.”
"We are delighted that Medisim Ltd. has selected our products for its BinoVision™ goggles, and want to congratulate them on their success,” said Greg Truman, Head of Industrial and Enterprise Displays, Kopin. "We are excited by the increased interest in our microdisplays for medical products and believe a variety of applications such as surgical, procedural, ophthalmic and others can benefit from the integration of our near-to-eye microdisplays.”
Headquartered in Westborough, Massachusetts, Kopin and its subsidiaries offer a variety of industry leading microdisplay product lines, including LCD, OLED and FLCoS displays. Kopin’s BDM-WVGA (LCD) delivers a large (42?-diagonal size viewed at 6.5-foot distance), crisp image. The lightweight (16g), compact binocular display module integrates two 16: 9 widescreen CyberDisplay® WVGA LVD (854x480 resolution) color filter displays, LED backlights and a pair of pre-aligned high-quality lenses (30 degree field of view) into plastic housing. The BDM-WVGA is driven by Kopin’s A912 controller IC. The BDM-WVGA is a drop in solution, meant to speed up eyewear development and enable OEMs to design-in products quickly and efficiently.
Kopin, CyberDisplay and BDM are registered trademarks of Kopin Corporation.
Kopin Corporation is a leading developer and provider of innovative display and optical technologies sold as critical components and subassemblies for military, industrial and consumer products. Kopin's technology portfolio includes ultra-small Active Matrix Liquid Crystal displays (AMLCD), Liquid Crystal on Silicon (LCOS) displays and Organic Light Emitting Diode (OLED) displays, a variety of optics, and low-power ASICs. For more information, please visit Kopin's website at www.kopin.com.
About Medisim Ltd.
Medisim Ltd. is a developer and manufacturer of innovative diagnostic medical devices. Founded in 1995, Medisim's headquarters and manufacturing plant are based in Israel, with subsidiaries in the USA and Hong Kong. As an R&D centric company, continually allocating substantial resources into developing innovative, cost-efficient and highly scalable medical solutions, Medisim is proud of its innovative spirit and contribution to enhancing peoples’ health. For more information, please visit Medisim website at: https://www.medisim.co.il
Statements in this press release may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), which are subject to the safe harbor created by such sections. Words such as "expects," "believes," "can," "will," "estimates," and variations of such words and similar expressions, and the negatives thereof, are intended to identify such forward-looking statements. We caution readers not to place undue reliance on any such "forward-looking statements," which speak only as of the date made, and advise readers that these forward-looking statements are not guarantees of future performance and involve certain risks, uncertainties, estimates, and assumptions by us that are difficult to predict. These forward-looking statements may include statements with respect to: Our belief that a variety of applications such as surgical, procedural, ophthalmic and others can benefit from the integration of our near-to-eye microdisplays. Various factors, some of which are beyond our control, could cause actual results to differ materially from those expressed in, or implied by, such forward-looking statements. All such forward-looking statements, whether written or oral, and whether made by us or on our behalf, are expressly qualified by these cautionary statements and any other cautionary statements that may accompany the forward-looking statements. In addition, we disclaim any obligation to update any forward-looking statements to reflect events or circumstances after the date of this press release, except as may otherwise be required by the federal securities laws. These forward-looking statements are only predictions, subject to risks and uncertainties, and actual results could differ materially from those discussed. Important factors that could affect performance and cause results to differ materially from management's expectations are described in Part I, Item 1A. Risk Factors; Part II, Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations; and other parts of our Annual Report on Form 10-K for the fiscal year ended December 28, 2019, or as updated from time to time in the Company's Securities and Exchange Commission filings.
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Siemens Energy debuted at 22.01 euro per share on Monday, valuing the new company at 16 billion euros
The parent company, Siemens, hoped for a valuation of over 21 billion euros
Siemens Energy stock price recovered 6% today to trade in the green overall
Shares of Siemens Energy (ETR: ENR1n) have rallied 6% today to recover yesterday’s losses. The stock opened lower-than-anticipated on their market debut on the Frankfurt stock exchange on Monday.
Fundamental analysis: A disappointing debut
The German giant Siemens (ETR: SIE) decided to make its energy division independent. Siemens Energy debuted at 22.01 euro per share on Monday, valuing the gas turbines and power transmission systems maker at around 16 billion euros ($18.6 billion). The company hoped for a valuation of over 21 billion euros.
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“I have repeatedly pointed out that we expect volatility to be high in the first few weeks,” said Ralf Thomas, CFO of Siemens.
“It’s not a situation-specific to Siemens Energy, it’s the same with every spin-off,” he said.
The German behemoth underwent a major restructuring process, which resulted in the spin off of the energy unit due to weak profit margins. Siemens Energy expects sales to fall by 1.4 billion euros to 27.4 billion euros in 2020. A recovery of between 2% and 12% is expected in the next year.
The parent company kept a controlling stake of 35.1%, which it wants to decrease to 25% eventually. Siemens is said not to be looking to do major deals but instead wants to focus on smaller deals and invest in research and development.
“Conglomerates can do a lot of things well, but they’re really very good at only a few of the things that will be important for the future,” Joe Kaeser, the CEO of Siemens AG, said in 2018.
Technical analysis: Shares recover
Shares were listed at 22.10 euros, before plunging to a low of 19.21 euros a share at one moment. Today, the stock price recovered to trade around 6% higher as today’s peak is set at 22.93.
Siemens Energy stock price (Reuters)
Ralph Thomas said that he expects a fair valuation to be available around the mid-October. Until then, it is expected that Siemens Energy attracts a higher attention as a new company.
Shares of Siemens Energy made a disappointing debut on their first day of trading on the Frankfurt stock exchange, before recovering today to trade in the green overall.
Big bank earnings season was in full swing this week. From top execs laying out the rationale behind dealmaking to shedding some light on their plans for the future of the physical office, here are some of this quarter's highlights:
Keep reading to learn more about what engineers are getting paid at Amex, Mastercard, PayPal, Square, and Visa; a leadership shakeup at mortgage giant Fannie Mae; why big investors like Blackstone have been snapping up film and TV production space as a hot real-estate play; and a deep dive on how per-diem lawyers have found creative ways to reinvent themselves.
If you're not yet a newsletter subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals.Mortgage giant Fannie Mae is shaking up leadership in its largest business
Edwin Remsberg/Getty Images
US government-controlled Fannie Mae, a key player in the country's massive mortgage market, is shuffling leadership in its largest business line, according to recent internal memos seen by Business Insider.
The changes inside Fannie Mae, which the government took over during the great financial crisis and has become a political football, come just weeks before the US presidential election that could usher in changes for the organization.
You can read all the details on the shakeup here.
Big money is pouring into film and TV production spaces. Here's a look at the opportunities — and risks — for this hot real-estate play.
Brookfield Property Partners is in talks to take a stake in Blackhall Studios, a production facility with nine sound stages in Atlanta, sources told Business Insider.
Dan Geiger and Casey Sullivan chatted with studio owners, private-equity executives and brokers to learn what's been driving a flurry of activity from big investors.
A Morgan Stanley credit desk has reaped nearly $1 billion thanks to a surge in corporate borrowing and bond-portfolio trading
Morgan Stanley global CEO James Gorman, at West Kowloon, Hong Kong. 13NOV17 SCMP / David Wong (Photo by David Wong/South China Morning Post via Getty Images)
David Wong/South China Morning Post via Getty Images
As Alex Morrell reported, Morgan Stanley has had a huge year in credit trading — reaping nearly $1 billion from its investment-grade desk.
Despite ranking fourth in underwriting IG debt, the firm is a perennial top competitor when it comes to trading it. Helping its cause: Morgan Stanley has one of Wall Street's top operations in algorithmic and bond portfolio trading, which has accelerated in 2020.
You can read all the details on the blowout IG performance here.
AT&T is putting WarnerMedia's huge NYC headquarters under review
AT&T is conducting a strategic review of WarnerMedia's 1.5 million-square-foot headquarters at 30 Hudson Yards, Dan Geiger reported this week.
The reevaluation is expected to be complete early next year and could prompt the $200 billion telecom company to shed some of the space. If it decided to dump a portion of the headquarters, it would be the latest major tenant to back away from the office workplace. Here's a look at what this reevaluation could mean for the NYC office market.
Here's what engineers are getting paid at Amex, Mastercard, PayPal, Square, and Visa
For any payments company, tech is a huge part of the budget. Speed and security of a network can make or break a company like Amex or Mastercard. And as payments become increasingly digital, these infrastructure giants have to keep maintaining and updating rails and systems.
And that means a large part of payments companies' headcount lies in tech. Amex, Mastercard, PayPal, Square, and Visa need to hire the best technical talent to build new ways to pay and keep the systems up and running. Here's a roundup of what they're paying for it.
Per-diem attorneys could make $200,000 a year from freelance lawyer gigs. But as work has vanished, they've become Instagram cooks, motivational speakers, and reiki coaches.
Danielle Caminiti has pivoted from the courtroom to the kitchen.
Hundreds of lawyers in New York and beyond who made a specialty out of showing up for court appearances on behalf of other lawyers have found themselves out of work as courts have moved online. So-called per-diem lawyers could make about $125 per appearance, and for some of them, the numbers really added up.
New York courts have gradually been reopening for in-person trials and arguments, but the events that filled a per-diem's day are mostly virtual, so the lawyers who used to send them work can call in themselves.
Here's a fun look from Jack Newsham at how per-diem lawyers are reinventing themselves.
Goldman Sachs is planning to hire dozens of advisors for the firm's wealth business
Goldman Sachs trading booth on the floor of the New York Stock Exchange in New York, on Thursday, January 6, 2011.
Ramin Talaie/Corbis/Getty Images
In Goldman Sachs' quest to move down-market, part of its newly reorganized wealth management division is preparing to expand. Joe Duran, head of Goldman Sachs Personal Financial Management, told Rebecca Ungarino and Dakin Campbell that the business is looking to hire dozens of financial advisors over the next year.
Here's more on hiring plans, office expansions, and why the firm is so confident in its push.
Private equity and hedge funds