KOPN · Kopin Corporation

Kopin Corporation entered into a Joint Development and License Agreement (JDA) with Fabric AI, Inc. on April 27, 2026, to jointly develop MicroLED-based optical interconnect technology (Neural I/o™) aimed at replacing traditional copper wiring between GPUs in AI data centers. The agreement provides Kopin with up to $15 million in development funding, with an initial $5 million purchase order due within 10 business days. Additionally, Kopin received a 19.9% equity stake in Fabric AI via Series J Convertible Preferred Stock, which carries a 6% annual dividend and anti-dilution protections. The JDA establishes joint ownership of the developed Project Technology, while Kopin retains its Background Technology and exclusive manufacturing rights for all products. Fabric AI is granted exclusive worldwide commercialization rights, except for government, military, and defense markets, where Kopin retains exclusivity. A Joint Steering Committee, chaired by Kopin's CEO Michael Murray, will oversee the collaboration. Upon a successful prototype demonstration, the parties will negotiate a Production Plan expected to include an additional $15-$25 million payment. The concurrent Supply Agreement appoints Fabric AI as exclusive seller to end users (excluding automotive, military, and defense) for an initial four-year term, with Kopin as the exclusive manufacturer. This strategic collaboration positions Kopin to enter the rapidly expanding AI hardware ecosystem, leveraging its MicroLED and NeuralDisplay™ technologies to address power and bandwidth challenges in data centers. The transaction is material due to the significant development funding, equity stake, and potential for recurring revenue from manufacturing and licensing.