Ooredoo and Kopin Corporation (NASDAQ: KOPN) today announced that they have entered into a strategic relationship to make Qatar one of the leading countries in the world for next generation wearable computing technology.
The collaboration was launched by Sheikh Saud bin Nasser Al Thani, CEO, Ooredoo Qatar and Dr. John C.C. Fan, Chief Executive Officer of Kopin, in a signing ceremony at the Mobile World Congress, Barcelona.
Under the terms of the agreement, the two companies will collaborate on both the advancement of existing hands-free headset computing technology and innovative research to expand the range of wearable technology.
Sheikh Saud bin Nasser Al Thani, CEO, Ooredoo Qatar, said: “Driving technological advances is a key goal for Ooredoo, and our partnership with Kopin is designed to open new doors, particularly for the public safety and emergency sectors. The new technology developed through this collaboration will not only benefit Qatar, as we prepare to welcome the world for the 2022 FIFA World Cup, but will also provide life-saving innovations for people of all nations, as we empower fire-fighters, emergency workers and police through wearable technology.”
Dr. Fan, CEO of Kopin said: “Kopin’s headset computing reference designs enable people to access information, including schematics, instructions and diagrams, through voice commands and view them while keeping their hands free during work. Ooredoo is our latest partner who envisions using our reference designs to create products with tremendous life-saving potential.”
The agreement is being signed as part of Ooredoo’s commitment to deliver Smart Solutions and Services, as the telecommunications company prepares Qatar to be one of the best-connected “Smart Cities” on the planet for the 2022 FIFA World Cup.
Ooredoo’s venture into wearable technology is aligned with its on-going investment into building the fastest and best networks for Qatar, so that all companies and people can benefit from cutting-edge innovations.
Ooredoo will provide hands-free mobile support for a number of public and private enterprises in Qatar, from aircraft maintenance to medical support, fire-fighting and disaster relief.
About Kopin
Kopin Corporation is a leading developer of innovative wearable computing technologies and solutions. Kopin’s technology portfolio includes ultra-small displays, optics, speech enhancement technology, software, low-power ASICs, and ergonomically designed smart headset concept systems. Kopin’s proprietary components and technology are protected by more than 200 global patents and patents pending. For more information, please visit Kopin’s website at www.kopin.com
About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives and Indonesia. The company was named ‘Best Mobile Operator’ of the year 2013 at World Communication Awards. Ooredoo reported revenues of $9.3 billion U.S. dollars in 2012 and had a consolidated global customer base of more than 92.9 million people as of 31 December 2012. Ooredoo’s shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
Twitter: @Ooredoo
Facebook: http://www.facebook.com/ooredoogroup
LinkedIn: http://www.linkedin.com/company/ooredoo
YouTube: https://www.youtube.com/ooredoogroup
Forward-Looking Statements
Statements in this news release may be considered “forward-looking” statements under the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements relating to the new technology developed through this collaboration will not only benefit Qatar, as we prepare welcoming the world for the 2022 FIFA World Cup, but will also provide life-saving innovations for people of all nations, as we empower fire-fighters, emergency workers and police through wearable technology; Ooredoo is Kopin’s latest partner who envisions using our reference designs to create products with tremendous. These statements involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. These risks and uncertainties include, but are not limited to, the following: manufacturing delays, technical issues, economic conditions or external factors may prevent may prevent new technology or products from being develop and; the products developed may not be accepted by the market place and other risk factors and cautionary statements listed in the Company’s periodic reports and registration statements filed with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the 12 months ended December 29, 2012, and the Company’s subsequent filings with the Securities and Exchange Commission. You should not place undue reliance on any forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no responsibility to update any of these forward-looking statements to reflect events or circumstances occurring after the date of this report.
