Irvine Sensors Enters Distribution Agreement for Sales to South Korean Manufacturer

COSTA MESA, Calif., June 2, 2011 /PRNewswire/ -- Irvine Sensors Corporation (OTCBB: IRSN) announced today that it has entered into a Distribution Agreement with JXP Tech ("JXP"), the U.S. company that represents Dong In Optical Co., Ltd. ("D.I. Optical "), the South Korean manufacturer and exporter of various weapons sights and mounts that have been adopted by the South Korean Army and law enforcement agencies, as well as being exported to other countries.  The JXP Distribution Agreement includes all thermal imaging products manufactured by Irvine Sensors, other than the firm's clip-on thermal imaging ("COTI") cores and derivatives, for export to South Korea.

Bill Joll, Irvine Sensors' CEO, said, "We have proven experience on the application of our thermal imaging technology to products other than COTI, and we are putting increased emphasis on marketing for such applications.  We believe the Distribution Agreement with JXP and the resulting access to D.I. Optical could open a significant global channel for us."

In Jung, CEO of D.I. Optical, commented, "I'm excited about this partnership with Irvine Sensors.  We believe their advanced thermal imaging technology and products combined with D.I. Optical's dot sights will give us a competitive edge in the South Korean market by providing our customers with a wider range of products focused and aligned to their needs."

About Irvine Sensors Corporation

Irvine Sensors Corporation (www.irvine-sensors.com), headquartered in Costa Mesa, California, is a technology company engaged in the design, development, manufacture and sale of security, software, vision systems and miniaturized electronic products and higher level systems incorporating such products for defense, information technology and physical security for government and commercial applications.  Irvine Sensors also performs customer-funded contract research and development related to these systems and products, mostly for U.S. government customers or prime contractors.  Irvine Sensors offers certain higher-level products in the fields of thermal imaging cores and high speed processing for information security that take advantage of the Company's advanced electronic packaging technologies.  

About JXP Tech.

JXP Tech (www.jxptech.com), located in Torrance, California, serves military and commercial customers with electronic and electro-mechanical components and related manufacturing expertise, including build-to-print service.  

About Dong In Optical Co., Ltd.

Dong In Optical Co., Ltd. (www.donginoptical.com), located in Bucheon, South Korea, is a manufacturer and supplier of various Red Dot weapon sights and mounts to military services and law enforcement agencies globally.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This message may contain forward-looking statements based on our current expectations, estimates and projections about our industry, management's beliefs, and certain assumptions made by us. Words such as ''anticipates,'' ''expects,'' ''intends,'' ''plans,'' ''believes,'' ''seeks,'' ''estimates,'' ''may,'' ''will'' and variations of these words or similar expressions are intended to identify forward-looking statements. These statements include, but are not limited to, the possible impact of the marketing and distribution channel derived from the JXP Distribution Agreement.  Such statements speak only as of the date hereof and are subject to change. We undertake no obligation to revise or update publicly any forward-looking statements for any reason. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and assumptions that are difficult to predict. Therefore, our actual results could differ materially and adversely from those expressed in any forward-looking statements as a result of various factors.

Important factors that may cause such a difference include, but are not limited to, our ability to raise additional debt or equity financing that may be needed to address the capital needs of our business plan; the availability of components intended for integration into our products; international conditions that may impact transactions with South Korean entities and the general economic, market and political conditions and specific conditions that may impact our operations. Further information on Irvine Sensors Corporation, including additional risk factors that may affect our forward looking statements, is contained in our Annual Report on Form 10-K, our Quarterly Reports on Form 10-Q, our Current Reports on Form 8-K and our other SEC filings that are available through the SEC's website (www.sec.gov).

SOURCE Irvine Sensors Corporation