Irvine Sensors Receiving Approximately $7.7 Million in New Development Contracts

COSTA MESA, Calif., April 10 /PRNewswire-FirstCall/ -- Irvine Sensors
Corporation (Nasdaq: IRSN) today announced that it has recently received new
development contract awards and notices of pending awards aggregating
approximately $7.7 million. The awards include approximately $4.8 million for
the next phases of Irvine Sensors' pioneering cognitive technologies programs,
approximately $1.8 million for information security applications, including
initial prototype sales of Irvine's ultra-high-speed Eagle 10(TM) processing
boards, and approximately $1.1 million for the next funding increments from a
strategic partner for an on-going commercial product development that takes
advantage of Irvine Sensors' advanced 3-D electronics. With the latest
increment, cumulative funding for the commercial product development is now
approximately $2.8 million.
John Carson, Irvine Sensors President and CEO, said, "These recent awards
will contribute to what we expect will be a record revenue year. Of even
greater significance is the momentum they continue toward developing the
products that will impact our future."
Irvine Sensors Corporation (http://www.irvine-sensors.com), headquartered
in Costa Mesa, California, is a vision systems company engaged in the
development and sale of miniaturized infrared and electro-optical cameras,
image processors and stacked chip assemblies, the manufacture and sale of
optical systems and equipment for military applications through its Optex
subsidiary and research and development related to high density electronics,
miniaturized sensors, optical interconnection technology, high speed network
security, image processing and low-power analog and mixed-signal integrated
circuits for diverse systems applications.
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SOURCE Irvine Sensors Corporation

Investor Relations of Irvine Sensors Corporation, +1-714-444-8718,
investorrelations@irvine-sensors.com; or John Baldissera of BPC Financial
Marketing, 1-800-368-1217, for Irvine Sensors Corporation