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Kopin forms LED venture with investors in Taiwan

Posted: 15 Feb 2005 ?? ?Print Version ?Bookmark and Share

Keywords:led? wk technology fund? a iii-v semiconductor? ktc?

Kopin Corp. has formed a joint venture company with strategic and financial investors to establish LED operations in Asia. In addition to Kopin, the principal investors are: a premier LED packaging manufacturer with operations in Taiwan and mainland China; WK Technology Fund, a global venture capital firm based in Taiwan; and KTC, a III-V semiconductor manufacturer in Taiwan.

The joint venture company, called Ko-Brite Corp., combines Kopin's indium gallium nitride (InGaN) LED production know-how, capital from the strategic partners and local management expertise from the Taiwanese companies. The join venture is expected to focus on establishing GaN materials capabilities in Taiwan and LED die production capabilities in China.

Kopin will obtain about 20 percent interest in Ko-Brite, and will receive $7.5 million from the joint venture upon completion of training services, equipment transfer and other considerations. Moreover, Kopin expects to cease all of its LED manufacturing activities by the end of March 2005, and plans to complete training and the transfer of its LED operations to Ko-Brite by July 1, 2005.

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