COSTA MESA, Calif., May 8 /PRNewswire-FirstCall/ -- Irvine Sensors
Corporation (Nasdaq: IRSN) today announced that Optex Systems, Inc,. its
wholly-owned subsidiary, has recently received approximately $6.7 million
of new orders from existing customers. The orders are for additional
shipments of current Optex products, substantially all of which are
scheduled for delivery in fiscal 2008 and 2009.
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.
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," "think", "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, our expectations
regarding the timing and amounts of shipments under these new orders. 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, the availability of sufficient working capital to support
fulfillment of our contracts; our ability to satisfy the production
requirements of Optex's contracts on a timely and cost-effective basis; the
availability of components for Optex's products; the impact of evolving
technology or any technical challenges that we may encounter in the
manufacture or fulfillment of Optex's products; our ability to attract and
retain qualified technical personnel; the effects of international
conflicts, natural disasters, public health emergencies and other events
beyond our control; and the general economic 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
(http://www.sec.gov).
SOURCE Irvine Sensors Corporation
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Related links:
http://www.irvine-sensors.com
CONTACT:
investors, 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
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