Lenovo and Kopin Form Joint Venture to Commercialize Enterprise AR Headsets

Lenovo Capital and Incubator Group (LCIG), the global technology industry fund of Lenovo Group, and Kopin Corporation, a leading developer of innovative wearable computing technologies and solutions, today announced they formed a joint venture, Lenovo New Vision, a new subsidiary of LCIG. Lenovo New Vision focuses on AR smart headsets for a broad range of enterprise applications.

Under the terms of the agreement, Kopin will provide a small capital investment, industrial design solutions, and know-how to utilize key Kopin components to Lenovo New Vision, including the micro-displays, optics, software and Whisper® Voice Chip.

LCIG President George He said, “AR/VR is the next generation technology that will change the world after PC Internet and mobile Internet. It is a required technology investment direction for virtually every enterprise. We truly value the cooperation with Kopin, and believe that this cooperation can further accelerate the growth of the enterprise AR market by bringing users optimized products and services.”

“We are very excited to enter into a strategic relationship with Lenovo,” said Dr. John C.C. Fan, Kopin’s President and CEO. “By combining Kopin’s advanced wearable technology and Lenovo’s strength as a global IT and equipment solutions provider, both parties can accelerate the commercialization of AR products and succeed in the fast-growing China and global AR markets.”