Irvine Sensors Corporation (NASDAQ:IRSN) announced today that it has booked an aggregate of approximately $2.1 million in new development contracts and follow-on awards in the last few weeks. The new bookings include funding for development, enhancement and flight testing of various advanced and thermal imaging sensors. These awards are largely funded from government carry-over budgets and do not include any of the anticipated $2.4 million funding from new budgets for start-up production of advanced thermal imaging products that Irvine Sensors recently announced.
John Carson, Irvine Sensors' Chairman and CEO, said, "This is a promising start for fiscal 2009 procurement activities. Early visibility into the timing of such jobs makes resource planning for the year easier. Plus, one of these new awards bears directly on an important strategic marketing thrust for our thermal imaging products."
Irvine Sensors Corporation (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 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.