Irvine Sensors Receives ~$3.4 Million Order for Thermal Imaging Cores

COSTA MESA, Calif., Aug. 18, 2011 /PRNewswire/ -- Irvine Sensors Corporation (OTCBB: IRSN) announced today that it has received a new purchase order valued at approximately $3.4 million for the firm's thermal imaging cores.  Pending receipt of final specifications, the customer has requested delivery of all units under the new order within the next 120 days.

Bill Joll, Irvine Sensors' CEO, said, "This latest order is the first material release for our thermal imaging products that reflects new government fiscal 2011 funding.  It is encouraging to see the procurement log jam built up during this year's Federal budget debate finally starting to break."

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 products, 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.

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 delivery schedule under our new thermal imaging order.  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 thermal imaging core production and/or our overall business; the availability of components intended for integration into our thermal imaging products; 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