What happened Shares of Kopin (NASDAQ: KOPN) popped as much as 15% this morning after the company announced that it is providing a microdisplay for Panasonic's new virtual reality (VR) glasses. The product was introduced at the 2021 Consumer Electronics Show (CES), which adopted a virtual format this year due to the pandemic. As of 11:50 a.m. EST, though, the stock had given up much of those gains and was up only 2%. So what Kopin said that its Lightning 2.6K x 2.6K OLED display on chip (DoC) is being incorporated into the VR glasses, which can deliver high-dynamic range (HDR) and ultra-high-definition (UHD) content. Panasonic says that the glasses are designed to be more comfortable than traditional head-mounted VR headsets. The small, 1.3-inch displays are provided by Kopin and integrate directly with many other components. Image source: Panasonic. The news comes shortly after display the technology company announced a separate multiyear agreement with Jade Bird Display earlier this month. Kopin says that the 2.6K x 2.6K OLED DoC is made with its patented ColorMax technology, which can produce high color fidelity with improved brightness over 1,000 nits. Now what "We have had a very collaborative development program with each company contributing core elements of the technology and design -- the ultimate Panasonic VR Glasses have both high-performance and a sleek, comfortable design," Kopin CEO Dr. John C.C. Fan said in a statement. "We look forward to seeing Panasonic delight their customers with this magnificent VR Glasses." The design win is certainly a positive development for Kopin, but overall VR adoption still remains fairly low. 10 stocks we like better than KopinWhen investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Kopin wasn't one of them! That's right -- they think these 10 stocks are even better buys. See the 10 stocks *Stock Advisor returns as of November 20, 2020 Evan Niu, CFA has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.Source