On January 3rd, Goertek announced that their plan to acquire 7.339 million Kopin common stock with 23,851,750 USD (approximately 164,577,075 RMB).
After this transaction, Goertek will own around 9.80% of Kopin’s total common stock. According to the announcement, Kopin is a NASDAQ stock exchange listed company that develops and provides advanced innovative wearable technology and solutions in head-mounted computer and display system for military, industry and commercial customers.
Kopins head-mounted product: Solos
The announcement also mentioned about a series of strategic cooperation agreement the company signed with Kopin. They will combine the company’s advance design and manufacture ability with Kopin’s leading technology in subminiature display, voice chip, optics, OLED display, battery, VR and components fields to further develop and sell a series of AR/VR etc. wearable products.