Question-and-Answer Session
Operator
(Operator Instructions) Your first question comes from [George Blagdin – Private Investor]
[George Blagdin – Private Investor]
Could you comment on what's going on with KoBrite?
John C. C. Fan
This question is about KoBrite which is a joint venture we have with a Taiwan company on LED's. The KoBrite business of course comes down with global recession but I'm going down to have a meeting in about two weeks. The business is recovering right now.
Operator
Your next question comes from Edwin Lyon – Lyon Investment Management.
Edwin Lyon – Lyon Investment Management
Could you give us some idea of the total revenues of KoBrite?
John C. C. Fan
It's a private company and our share there is only about 19% so it's of no major consequence to us. Because it's a private company, we don't reveal the number.
Edwin Lyon – Lyon Investment Management
I understand you don't reveal the numbers. Thank you.
Operator
Your next question comes from [George Blagdin – Private Investor]
[George Blagdin – Private Investor]
The ownership of KoBrite is direct 19% but if you add your derivative percentage to your other holdings you end up with much closer to 29% or something like that. Can you correct us on that?
John C. C. Fan
The question is still on KoBrite. KTC does not own anymore of KoBrite shares so our KoBrite shares, Kopin owns 19% and that's the total ownership of KoBrite.
[George Blagdin – Private Investor]
Where did those other shares go?
John C. C. Fan
KoBrite bought back the shares from KTC.
[George Blagdin – Private Investor]
I see. So you own 19% of a more concentrated company.
John C. C. Fan
Yes. In fact, the LED which is the public company, Taiwan LED now is the majority owner of KoBrite.
[George Blagdin – Private Investor]
I know you have patents used in the space program on solar panels. Is there any possibility that those patents and your knowledge in that area can come down to the consumer/industrial market as well as the space market?
John C. C. Fan
The question is whether our IP knowledge in the solar cells is useful for terrestrial solar cells, the answer is yes. We have some active programs with Nasa and other U.S. government to improve solar cells for terrestrial applications and those programs, most of the programs we already announced them so we are working very hard on that where obviously doing our share for efficiency for terrestrial solar applications. Some of the IP's are very useful.
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