Shares of Kopin (NASDAQ: KOPN) have popped today, up by 14% as of 12:30 p.m. EST, after the company announced a development agreement for LED microdisplays. The company will partner with China's Jade Bird Display to develop the diminutive displays.
Kopin says that the companies have signed a multiyear agreement to develop superbright monochrome LED microdisplays. Under the agreement, Jade Bird Display will provide the LED wafers as well as hybrid bonding services on silicon backplane wafers designed and provided by Kopin. The end product will be a 1-inch microdisplay with a resolution of 2048 x 2048 pixels.
Image source: Getty Images.
Source Fool.com