To: SirRealist who wrote (35924 ) 3/7/2001 2:52:19 PM From: SirRealist Respond to of 49816 Thought this one was set to go today. Obviously, my brain is soggy: Irvine Sensors Receives $2M R&D Contract for 'SuperMemory(TM)'; High Performance, High Speed Memory Modules Stack Supercomputing Chips WEDNESDAY, MARCH 07, 2001 6:01 AM - PRNewswire COSTA MESA, Calif., Mar 7, 2001 /PRNewswire via COMTEX/ -- Irvine Sensors Corporation (Nasdaq: IRSN; Boston: ISC), announced today that it has been notified that the Company has won an approximate $2 million R&D contract to demonstrate ultra-high-speed memory technology to support its SuperRouter(TM) initiative and other high performance signal processing, computing and communications applications. Dubbed "SuperMemory(TM)", the planned multi-chip modules (MCMs) will combine Irvine Sensors' patented Neo-Stacking(TM) technology, with low temperature, serial superconductor electronics. "Serial superconductor memory is the only memory technology known that provides the speed of access and the data transfer rates necessary to match the future requirements of ultra fast processors for focal plane array signal processing and high density, ultra fast telecommunications switches," said Dr. Volkan H. Ozguz, Irvine Sensors' Manager of 3D Silicon R&D. "Since memory is a fundamental enabler of faster processors, large capacity superconductor memories will be needed to realize the full speed benefits of superconductor processing. We believe that using our advanced 3D packaging technology to stack the superconductor memory chips will enable the critical insertion of small footprint MCMs, which are expected to be less than one inch square, into a broad range of potential commercial and government applications." According to John C. Carson, Irvine Sensors' Senior Vice President and Chief Technical Officer, "The SuperMemory development is important to the SuperRouter(TM) initiative being undertaken by our iNetWorks subsidiary. To meet the commercial goals of that development, large capacity superconductor memories must be assembled into very compact packages. The trick is to maintain the very high speed, low latency and ultra low power attributes of superconducting memory while achieving this goal. Our dense packaging technology seems to have the capability to meet this challenge." The new contract, administered by the U. S. Navy Naval Research Laboratory, is a twenty-four month award. It is being funded by the Ballistic Missile Defense Organization's (BMDO) Small Business Innovation Research (SBIR) program. Irvine Sensors Corporation, headquartered in Costa Mesa, California, is primarily engaged in the development of high density electronics, MicroElectroMechanical sensors (MEMS) and readout circuits, miniature cameras, electro-optical and optical switches, image processing devices and software, electronic image stabilization, wireless infrared communications products, and low-power analog and mixed-signal integrated circuits for diverse systems applications. It primarily seeks to commercialize its technologies through independently financed and managed subsidiaries. Except for historical information contained herein, the matters set forth in this news release are forward-looking statements that are dependent on risks and uncertainties including such factors, among others, as the market risks associated with new products, the impact of competitive technologies and the pace at which new markets develop. Further information on Irvine Sensors Corporation and its subsidiaries, including iNetWorks Corporation, is contained in publicly-filed disclosures available through the SEC's EDGAR database (www.sec.gov) or from the Company's Investor Relations. SOURCE Irvine Sensors Corporation CONTACT: Lynn O'Mara of Irvine Sensors Corporation, 714-444-8718, lomara@irvine-sensors.com URL: irvine-sensors.com