Irvine Sensors’ Led TOWHAWK(TM) Program Participates in Successful Live Fire Exercise (LFX) Demonstrations
Corporation (Nasdaq: IRSN), together with Applied Research Associates, Inc.
(“ARA”), announced today that they have completed two highly successful
demonstrations of their TOWHAWK(TM) unattended Aerial Sensor (“UAS”) System.
TOWHAWK is a UAS system developed to provide dedicated, under armor
situational awareness to ground combat vehicles. The system provides combat
crews organic situational awareness without exposing the crew to hostile fire.
Both demonstrations were in conjunction with BAE Systems sponsored Live
Fire Exercises (LFX) for the Army customer communities at
and
situational awareness information to soldiers to allow for swift course of
action development. The TOWHAWK was utilized to provide soldiers situational
updates, which included the disposition of targets that had been engaged by
BAE Systems combat weapon systems.
witness these highly successful demonstrations of this powerful capability.
The ‘ready now’ configuration of this system leads me to believe that we could
retrofit fielded armor vehicles with this superb capability without much
effort. We intend to continue to work with the Army user community to develop
TOWHAWK into a ‘Program of Record’.”
Irvine Sensors Corporation (http://www.irvine-sensors.com), headquartered
in
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.
Applied Research Associates, Inc. (http://www.ara.com), headquartered in
technical support and specialty products for defense, aerospace, homeland
security, transportation and commercial applications.
Safe Harbor Statement under the Private Securities Litigation Reform Act
of 1995: This message may contain forward-looking statements based on our
current expectations, estimates and projections about our industry,
management’s beliefs, and certain assumptions made by us. Words such as
“anticipates,” “expects,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” “may,” “will” and variations of these words or similar
expressions are intended to identify forward-looking statements. These
statements include, but are not limited to, our ability to achieve Program of
Record status for the TOWHAWK UAS and to retrofit existing armored vehicles.
Such statements speak only as of the date hereof and are subject to change. We
undertake no obligation to revise or update publicly any forward-looking
statements for any reason. These statements are not guarantees of future
performance and are subject to certain risks, uncertainties and assumptions
that are difficult to predict. Therefore, our actual results could differ
materially and adversely from those expressed in any forward-looking
statements as a result of various factors.
Important factors that may cause such a difference include, but are not
limited to, our ability to satisfy the production requirements of potential
TOWHAWK contracts on a timely and cost-effective basis; our ability to raise
additional debt or equity financing; the availability of components for camera
products intended for integration into TOWHAWK deliveries; the working capital
available to support orders resulting from any TOWHAWK bids; military factors
impacting the demand for small UAS applications; impact of presently unknown
competitive alternatives to the TOWHAWK UAS; and the general economic, market
and political conditions and specific conditions that may impact our
operations. Further information on Irvine Sensors Corporation, including
additional risk factors that may affect our forward looking statements, is
contained in our Annual Report on Form 10-K, our Quarterly Reports on Form
10-Q, our Current Reports on Form 8-K and our other SEC filings that are
available through the SEC’s website (http://www.sec.gov).
SOURCE Irvine Sensors Corporation