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COSTA MESA--- Irvine Sensors Regains Compliance With Nasdaq Minimum Stockholders' Equity Requirement |
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Irvine Sensors Corporation |
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| 4/28/2008 @ 6:38 AM
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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 (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. |
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| Friday, August 29, 2008 |
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IRVINE--- Broadcom Announces New Digital Television Solution Supporting Global Connectivity Posted 3:18 PM PST
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| Thursday, August 28, 2008 |
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ALISO VIEJO--- Valeant Pharmaceuticals and GlaxoSmithKline Announce Worldwide Collaboration Agreement for Retigabine Posted 7:48 AM PST
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| Wednesday, August 27, 2008 |
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IRVINE--- From the Data Center to the Shop Floor: ATEN Technology New 3-in-1 Serial Device Server Supports RS-232, RS-422 and RS-485 Data Transfers Posted 3:52 PM PST
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| Tuesday, August 26, 2008 |
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HUNTINGTON BEACH--- Supplier Market for U.S. Minimally Invasive Aesthetic Products Poised to Grow from $1.5 Billion in 2007 to Nearly $2.5 Billion by 2016 Posted 3:27 PM PST
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| Monday, August 25, 2008 |
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IRVINE--- IOGEAR Introduces Industry-First KVM Switch Enabling Control of a Second Computer With a Laptop Posted 6:33 AM PST
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| Friday, August 22, 2008 |
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IRVINE--- Endocare and Former CFO Agree to Terminate Indemnification Agreement Posted 3:34 PM PST
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| Thursday, August 21, 2008 |
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IRVINE--- Ensynch Names Stan Lequin Chief Operating Officer Posted 3:58 PM PST
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| Wednesday, August 20, 2008 |
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MANASSAS, VA--- Lockheed Martin Awarded $5.8M Contract to Maintain Pentagon Electronic Messaging Systems Posted 6:11 PM PST
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| Tuesday, August 19, 2008 |
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ALISO VIEJO--- Private Access Appoints Marc Kirshbaum as President & COO Posted 3:05 PM PST
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| Monday, August 18, 2008 |
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IRVINE--- Broadcom Announces Leading Single-Chip Cable Set-Top Box Digital-to-Analog Adapter Solution Posted 7:46 AM PST
IRVINE--- JCPenney Names Epicor Retail “Supplier of the Year” Posted 7:00 AM PST
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