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To: BW who wrote (11719)	4/23/2003 4:19:37 PM
From: BW	Respond to of 48461

IRSN news Irvine Sensors Announces Government Contracts Wednesday April 23, 4:07 pm ET Awards Total Approximately $6 Million With $7 Million More in Potential Options COSTA MESA, Calif., April 23 /PRNewswire-FirstCall/ -- Irvine Sensors Corporation (Nasdaq: IRSN; Boston Exchange: ISC) announced today that it has recently received several government R&D contract awards, with an aggregate value of approximately $6 million, approximately $5 million of which has been initially funded. In addition, these contracts include optional tasks that could increase the aggregate contract value by approximately $7 million, largely in fiscal 2004, if funded by government customers. ADVERTISEMENT Robert G. Richards, Irvine Sensors CEO said, "Included in these awards are the contracts that we suggested were pending in our first quarter earnings webcast. Because receipt of these contracts was delayed until just recently, they made little or no contribution to our second fiscal quarter ended March 30, but their potential positive effect on revenues in the current and subsequent periods is welcomed. In addition, they all relate to our primary technology development thrusts, high-density electronics and imaging systems, and support our planned roadmaps to eventual products in those areas."