Why Kopin Stock Skyrocketed Today

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Shares of Kopin (NASDAQ: KOPN) have skyrocketed by as much as 23% today, after the company announced a new development agreement with a major medical technology company. As of 11:30 a.m. EST, the stock had pulled back but was still up 10%.

Kopin, which specializes in microdisplay technology, is partnering with HMDmd, a small start-up that is making wearable display products, to develop a head-worn display system that surgeons can use to access high-resolution real-time information while performing surgeries. Surgeons will also be able to see diagnostic information and patient data without having to use their hands or diverting their attention to a traditional monitor.

Image source: Getty Images.

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