Kopin provides update on second quarter

TAUNTON, Mass. — Kopin Corporation has announced its revised business outlook
for the second quarter of 2001. For the three months ending June 30, 2001, the
company expects revenue to be in the range of $8.7 million to $9.2 million. Kopin
expects its net loss, excluding one-time adjustments, to be in the range of $0.20
to $0.23 per share. Kopin will record a net gain on the sale of investments of
approximately $20 million, and an impairment charge of approximately $5 million
associated primarily with the write-down of equipment. Including these one-time
adjustments, Kopin expects net income to be approximately breakeven.