COSTA MESA--- Irvine Sensors Regains Compliance With Nasdaq Minimum Stockholders' Equity Requirement

Irvine Sensors Corporation (NASDAQ:IRSN) today announced that it has received notification from the Staff of the Nasdaq Stock Market that, based on the Company's Form 8-K/A dated April 24, 2008, the Company complies with Nasdaq Marketplace Rule 4310(c)(3)(A), which requires stockholders' equity of $2.5 million or greater. The referenced Form 8-K/A disclosed a recent exchange of $4 million of the Company's senior debt and interest for newly-issued preferred stock, resulting in an increase of equity. If the Company fails to provide evidence of this compliance upon filing its next periodic report, it may be subject to delisting. Irvine Sensors intends to include a pro-forma balance sheet reflecting the effects of the debt exchange and the resulting increase in equity in its next Form 10-Q, due to be filed in May.

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.