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To: Andrew Vance who wrote (12335)	2/24/1998 8:09:00 AM
From: Tech Master	Respond to of 17305

* PRESS RELEASE FOR IRSN * Tuesday February 24, 6:00 am Eastern Time Company Press Release SOURCE: Irvine Sensors Corporation Irvine Sensors Receives 3rd Optical Interconnect Contract Pager-sized, Trillions-of-Operations Per Second Data Switch Under Development COSTA MESA, Calif., Feb. 24 /PRNewswire/ -- Irvine Sensors Corporation (Nasdaq: IRSN; BSE: ISC) announced today that it is under a contract from the U.S. Army to develop a low cost, high speed optoelectronic module that can be used for parallel processors and network switching and routing. The goal of the development is to minimize the ''bottlenecks'' in optically-switched systems and networks by embedding all required electronics and optical interconnects in silicon layers that can be stacked using Irvine Sensors' proprietary three- dimensional technologies. The resulting pager- sized devices will be designed to replace foot locker-sized electronic racks at a fraction of their cost. In addition to military applications, such a combination could make access to ''trunk'' commercial telecommunications networks potentially affordable to such modest volume users as neighborhood businesses or residential associations. ''This is our third product development program in photonics communications. It rounds out over $4 million of sponsored funding for this market, and continues our drive to low cost, compact, real-time parallel data processing,'' said John C. Carson, Irvine Sensors' Sr. Vice President and Chief Technical Officer. ''Optical interconnections and our 3D Silicon are complementary technologies. When combined in a system, the 3D stacking can enable trillions-of-operations per second, or tera-ops, computing power.'' According to J. Bruce Totty, Irvine Sensors' Vice President, Corporate Marketing & Sales, ''Success in this development could open up affordable tera-ops data access to both business and home computer users. That, in turn, would lead to faster Internet access and facilitate growth of electronic commerce. The combination of economics and speed would also be likely to accelerate the availability of real-time video on-demand via set-top boxes.'' The Aviation and Missile Command contract is an eighteen-month Phase 2 award under the Small Business Innovative Research (SBIR) program. Funded by the United States Army, the program is worth an approximate $750,000. Irvine Sensors ( www.irvine-sensors.com ), headquartered in Costa Mesa, California, is primarily engaged in the development and production of high density electronics, image processing and sensing devices, and low power integrated circuits which are intended to have extensive systems applications. 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 development risks inherent in new technology, the impact of competitive technologies and the pace at which new markets develop. Further information on Irvine Sensors 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 ------------------------------------------------------------------------ More Quotes and News:Irvine Sensors Corp (Nasdaq:IRSN - news)Related News Categories: aerospace/defense, medical/pharmaceutical