NEWS RELEASE

CONTACT:  Lynn O'Mara
                      Irvine Sensors Corporation
                      714-444-8718
                      lomara@irvine-sensors.com

COSTA MESA, CALIFORNIA - February 15, 2001 - iNetWorks™ Corporation, a subsidiary of Irvine Sensors Corporation (NASDAQ: IRSN, Boston Stock Exchange: ISC), today announced the addition of BBN Technologies, a subsidiary of Verizon Communications (NYSE:VZ), as an equity partner in the pursuit of the next generation high speed Internet router. BBN Technologies has been working under contract on the development of the iNetWorks' SuperRouter™ since May 2000.

BBN Technologies has, for over 50 years, performed world-leading research and product development in high performance networking and other technical areas. From developing the forerunner of today's Internet to recently developing one of the fastest routers in the world, BBN scientists and engineers continue to pioneer innovations in a wide range of industries.

Mel R. Brashears, Chairman and Chief Executive Officer of iNetWorks, noted, "We are all very pleased that BBN Technologies is a part of our exciting pursuit of our SuperRouter entry into the Terabit router market. This segment of the market is growing in excess of 50% per year and is projected to continue at that rate over the next five years. BBN brings a wealth of experience to these efforts."

iNetWorks is developing a telecommunications router product for potential introduction in 2002 that combines Irvine Sensor's patented 3-dimensional (3D) chip-stacking and interconnect structures with superconducting electronics, providing 100 times the throughput of what is available today. iNetWorks is presently co-located with its parent, Irvine Sensors Corporation, in Costa Mesa, California.

Irvine Sensors Corporation, headquartered in Costa Mesa, California, is primarily engaged in the development of high density electronics, MicroElectroMechanical sensors (MEMS) and readout circuits, miniature cameras, electro-optical and optical switches, image processing devices and software, electronic image stabilization, wireless infrared communications products, and low-power analog and mixed-signal integrated circuits for diverse systems applications. It primarily seeks to commercialize its technologies through independently financed and managed subsidiaries.

Except for historical information contained herein, the matters set forth in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Such forward-looking statements are dependent on risks and uncertainties including such factors, among others, as the ability of the Company to control and further reduce its operating expense, the technological risk in new products and the impact of competition. The Company undertakes no obligation to publicly release the results of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. Further information on the Company's status and the matters discussed herein are contained in publicly-filed disclosures available through the SEC's EDGAR data base (www.sec.gov) or the Company's Shareholder Relations.