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XNN,Xenonics in Defense Appropriations Bill
PR Newswire - October 17, 2006 09:00
$2 Million Budgeted for Xenonics NightHunter Systems


CARLSBAD, Calif., Oct 17, 2006 /PRNewswire-FirstCall via COMTEX/ -- XENONICS HOLDINGS, INC. (Amex: XNN) announced today that the Defense Appropriation Bill for 2007 has budgeted $2 million under the heading of "NIGHT VISION DEVICES". The Bill authorizes that $2 million be spent for "Ultra High Intensity illumination systems (NightHunter and NightHunterII visible/IR illumination devices".

"The NightHunter has been a vital product that has been used with great success by the military in the field. The NightHunter saves lives and helps the soldiers and marines accomplish their mission better and safer. We at Xenonics are proud of the contribution the NightHunter has made. The Company has a world class engineering team and will continue to develop products which will have no peer. Xenonics will introduce "SuperVision" during our first quarter, October 1, 2006 to December 31, 2006. SuperVision will set the bar for night vision," said Alan P. Magerman, Chairman of the Board of Xenonics Holdings, Inc.

About Xenonics

Xenonics develops and produces advanced, lightweight and compact ultra-high intensity illumination products for military, law enforcement, public safety, and commercial and private sector applications. Currently, NightHunters are in use by every branch of the U.S. Armed Forces as well as a wide variety of law enforcement and security agencies. Using its breakthrough patented technology, Xenonics provides innovative solutions for customers that demand the ability to see farther so that they can do their job better and safer. Xenonics' products deliver a quantum leap in performance over other illumination technologies and represent the next generation in small, high intensity, high efficiency illumination systems. Visit Xenonics on the web at www.xenonics.com.

Forward-Looking Statements

This news release contains forward-looking statements that reflect our management's current views about future events and financial performance. Forward-looking statements often contain words such as "expects," "anticipates," "intends," "believes" or "will." Our forward-looking statements are subject to a number of risks and uncertainties that may cause actual results and events to differ materially from those projected in the forward-looking statements. Risks and uncertainties that could adversely affect us include, without limitation, the loss of major customers, our failure to obtain new contracts, the adverse effect of competition, delays in the production or shipment of our products and the other risks and uncertainties that are discussed in our most recent filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-KSB and quarterly report on Form 10-QSB. The forward-looking statements in this news release are made only as of the date of this news release. We undertake no obligation to update our forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE Xenonics Holdings, Inc.

Valerie V. Vekkos, Investor Relations of Xenonics Holdings, Inc., [phone],
[e-mail]

http://www.xenonics.com

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