|By Business Wire||
|February 27, 2014 09:13 AM EST||
Ooredoo and Kopin Corporation (NASDAQ: KOPN) today announced that they have entered into a strategic relationship to make Qatar one of the leading countries in the world for next generation wearable computing technology.
The collaboration is launched today by H.E. Sheikh Abdullah bin Mohammed bin Saud Al Thani, Chairman, Ooredoo and Dr. John C.C. Fan, Chief Executive Officer of Kopin, in a signing ceremony at the Mobile World Congress, Barcelona.
Under the terms of the agreement, the two companies will collaborate on both the advancement of existing hands-free headset computing technology and innovative research to expand the range of wearable technology.
H.E. Sheikh Abdullah, Chairman, Ooredoo, said: “Driving technological advances is a key goal for Ooredoo, and our partnership with Kopin is designed to open new doors, particularly for the public safety and emergency sectors. The new technology developed through this collaboration will not only benefit Qatar, as we prepare welcoming the world for the 2022 FIFA World Cup, but will also provide life-saving innovations for people of all nations, as we empower fire-fighters, emergency workers and police through wearable technology.”
Dr. Fan, CEO of Kopin said: “Kopin’s headset computing reference designs enable people to access information, including schematics, instructions and diagrams, through voice commands and view them while keeping their hands free during work. Ooredoo is our latest partner who envisions using our reference designs to create products with tremendous life-saving potential.”
The agreement is being signed as part of the efforts to prepare Qatar for the 2022 FIFA World Cup, as host city Doha becomes one of the best-connected “Smart Cities” on the planet today. Ooredoo’s investment into wearable technology is aligned with its on-going investment into the fastest and best networks for Qatar, so that all companies and people can benefit from cutting-edge innovations.
Ooredoo will provide hands-free mobile support for a number of public and private enterprises in Qatar, from aircraft maintenance to medical support, fire-fighting and disaster relief.
Ooredoo is Qatar’s leading communications company, delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential.
Kopin Corporation is a leading developer of innovative wearable computing technologies and solutions. Kopin’s technology portfolio includes ultra-small displays, optics, speech enhancement technology, software, low-power ASICs, and ergonomically designed smart headset concept systems. Kopin’s proprietary components and technology are protected by more than 200 global patents and patents pending. For more information, please visit Kopin’s website at www.kopin.com.
Statements in this news release may be considered “forward-looking” statements under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements relating to the new technology developed through this collaboration will not only benefit Qatar, as we prepare welcoming the world for the 2022 FIFA World Cup, but will also provide life-saving innovations for people of all nations, as we empower fire-fighters, emergency workers and police through wearable technology; Ooredoo is Kopin’s latest partner who envisions using our reference designs to create products with tremendous. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: manufacturing delays, technical issues, economic conditions or external factors may prevent may prevent new technology or products from being develop and; the products developed may not be accepted by the market place; and other risk factors and cautionary statements listed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 29, 2012, and the Company’s subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this report.
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