Irvine Sensors Receives New Government Contract Awards

Aggregate New Bookings for Fiscal 2005 Now Over $15 Million

COSTA MESA, CA - Irvine Sensors Corporation announced today that, in its current fiscal quarter, it has received several new government research and development contracts and incremental add-ons to existing government contracts aggregating approximately $10.9 million in value, of which approximately $1.7 million is for optional tasks at the discretion of the customers. The recent awards bring Irvine Sensors' total aggregate bookings of new government R&D contracts and contract add-ons since the start of fiscal 2005 to approximately $15.6 million. The current year bookings are expected to contribute approximately $11 million to fiscal 2005 revenues, with the balance contributing to revenues in fiscal 2006.

Robert G. Richards, Irvine Sensors CEO said, "These latest awards, when added to our existing backlog, strengthen our belief that we are headed toward a second consecutive record year in terms of research and development contract revenue. Furthermore, these awards are helping to push the maturation of our more advanced technologies to levels that could lead to product applications in the next few years."

About Irvine Sensors Corporation
Irvine Sensors Corporation, headquartered in Costa Mesa, California, is primarily engaged in the sale of stacked chip assemblies and infrared cameras and research and development related to high density electronics, miniaturized sensors and cameras, optical interconnection technology, electronic security, image processing and low-power analog and mixed-signal integrated circuits for diverse systems applications.

Source: Irvine Sensors Corporation