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IRVINE SENSORS CORP. ANNOUNCES PUBLIC OFFERING

 IRVINE SENSORS CORP. ANNOUNCES PUBLIC OFFERING
 COSTA MESA, Calif., May 20 /PRNewswire/ -- Irvine Sensors Corp.


(NASDAQ: IRSN) announced today that it has filed a registration statement with the Securities and Exchange Commission (SEC) for a public offering of 2,000,000 newly issued shares of its common stock. There will be no selling shareholders. The underwriter will be Paulson Investment Co. Inc., Portland, Ore.
 A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.
 Irvine Sensors is engaged primarily in the development of high density packages of computer electronics which are intended to have broad application in military and commercial systems.
 A copy of the preliminary prospectus may be obtained from Paulson Investment Co. Inc., 811 S.W. Front Ave., Portland, Ore., 503-243-6000.
 -0- 5/20/92
 /CONTACT: John J. Stuart, CFO of Irvine Sensors, 714-549-8211; or Edda Brown or Harley R. Gleckman of The Wall Street Financial Corp., 310-552-1555, for Irvine Sensors/
 (IRSN) CO: Irvine Sensors Corp. ST: California IN: CPR SU: OFR


DM-KJ -- LA011 -- 2203 05/20/92 09:15 EDT
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Publication:PR Newswire
Date:May 20, 1992
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