Announced
Synopsis
Theon International, a group of companies develops and manufactures cutting-edge night vision, agreed to invest $15m in Kopin, a company specializing in defense and security training. “Theon’s investment reflects our confidence in the relationship and the value we see in working together. The investment is expected to accelerate revenue growth in new markets, scale existing operations and better leverage our manufacturing infrastructure. Partnering with a world class international organization like Theon – one that believes in our future and shares in our vision – comes at a pivotal time as global defense spending continues to rise and a transformative milestone in Kopin’s evolution,” Michael Murray, Kopin Chairman and CEO.
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