Kopin Corp., a Westborough-based developer of wearable technology, reported an 83 percent year-over-year growth in revenue as a result of strong military orders.
A 2013 study found that the average smartphone user swipes to unlock 110 times a day. With smartwatches entering the market, it's getting even easier for us to get the data we want in less than a second. Westborough-based Kopin Corp. says it won't end there.
While revenues for wearable-technology company Kopin Corp. of Westborough inched up in the second quarter, it saw its losses widen due to higher research and development costs.
Westborough-based Kopin Corp. said it has received a $9 million order for display modules in support of the U.S. Army's Thermal Weapon Sight (TWS) program.
This is an important year for wearable technology, with tech media outlets heralding an onslaught of so-called wearables for consumers; Google Glass, the head-mounted gadget that displays information in a smartphone-like format, is, arguably, creating the most buzz.
On May 12, Washington Post blogger Haley Tsukayama reported that Amazon.com added a section on its website dedicated to wearable technology, which she wrote shows “the category is gaining visibility.” Meanwhile, major technology companies like Microsoft and Samsung are also developing wearable technology. Samsung has already released health and fitness “smart watches,” and TechCrunch.com reported in March that Microsoft paid “up to $150 million” in intellectual property owned by Osterhout Design Group, a company that develops wearable devices for military and other government organizations.
Westborough-based Kopin Corp., a developer of wearable computing technology, posted a loss of $9.1 million in the first quarter that ended March 29, while revenue slid to $4.7 million, compared with $6.3 million a year earlier.