357108--12/23/2009--IRVINE_SENSORS

related topics

{stock, price, share}

{control, financial, internal}

{financial, litigation, operation}

{regulation, government, change}

{property, intellectual, protect}

{product, market, service}

We are engaged in litigation with Timothy Looney, the former owner of Optex Systems, Inc., the outcome of which could affect us adversely. Our common stock may be delisted by the Nasdaq Capital Market if we cannot maintain Nasdaq s listing requirements. Significant sales of our common stock in the public market will cause our stock price to fall. Because our operations currently depend on government contracts and subcontracts, we face additional risks related to contracting with the federal government, including federal budget issues and fixed price contracts, that could materially and adversely affect our business. Failure to achieve and maintain effective internal controls in accordance with Section 404 of the Sarbanes-Oxley Act could have a material adverse effect on our business and stock price. Our Patent Sale and License has removed barriers to competition. We must continually adapt to unforeseen technological advances, or we may not be able to successfully compete with our competitors.

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357108--12/23/2009--IRVINE_SENSORS_CORP/DE/