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ESSEX CORPORATION RECEIVES $1.1 MILLION IN OPTOELECTRONICS CONTRACT AWARDS

 COLUMBIA, Md., Aug. 18 /PRNewswire/ -- Essex Corporation (NASDAQ-NMS: ESEX) is reporting $700,000 in additional funding from the U.S. Army to continue work on its proprietary optoelectronic range- Doppler imager, and three other recent awards totaling $388,000 for applications of its patented ImSyn image synthesizer. These awards include two Department of Defense contracts for image processing and a U.S. Air Force Small Business Innovative Research (SBIR) grant for image correlation. A total of $1,088,000 in new funding for optoelectronics was received.
 Harry Letaw, chairman and CEO of Essex, stated: "Our three new contracts and the new funding, anticipated for many months, are further recognition of the value of our exciting optoelectronic product initiative. The previously announced $1,829,000 U.S. Army contract, awarded in March 1991, is now funded to $1.1 million. Additional funding of $729,000 is required to complete the contract by December 1994. Essex will deliver prototype apparatus to help speed radar data processing for defense of U.S. forces. Our manufacturing vice president is now organizing production of optoelectronic products, and we are hiring product engineering personnel."
 Essex Corporation, a publicly traded, technology-based company, supplies human reliability assurance and training products and services and optical computer apparatus to government and industry.
 -0- 8/18/93
 /NOTE TO EDITORS: ImSyn is a trademark./
 /CONTACT: Harry Letaw Jr., chairman and CEO, Essex Corporation, 410-730-1097/
 (ESEX)


CO: Essex Corporation ST: Maryland IN: CPR SU: CON

TW-IH -- DC022 -- 4065 08/18/93 16:53 EDT
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Publication:PR Newswire
Date:Aug 18, 1993
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