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Kopin inks $15M JDA with Fabric.AI for AI optical interconnects; gets 19.9% equity
KOPIN CORP
- Fabric.AI to pay Kopin up to $15M for development of MicroLED optical interconnect; initial $5M purchase order due within 10 days.
- Kopin receives Series J Convertible Preferred Stock representing 19.9% of Fabric.AI's pro forma fully diluted common stock.
- Kopin named exclusive manufacturer of Neural I/o chipsets; retains exclusive rights to military/defense/automotive markets.
- After successful demo, parties to negotiate production plan with expected additional payment of $15M-$25M by Fabric.AI.
- Neural I/o technology uses MicroLED pixels as optical transceivers for GPU-to-GPU communication in AI data centers.