SOURCE: Implant Sciences

Implant Sciences

September 07, 2010 11:42 ET

Implant Sciences Announces Over $550,000 in New Orders

Marks Continued Success in Growing Chinese and Spanish Safety and Security Markets

WILMINGTON, MA--(Marketwire - September 7, 2010) -  Implant Sciences Corporation (PINKSHEETS: IMSC), a high technology supplier of systems and sensors for the homeland security and defense markets, today announced new orders totaling over $550,000 for its Quantum Sniffer™ QS-H150 Portable Explosive Trace Detector. These systems will be used in public safety and force protection applications in Spain and China. A study by IMS Research, one of the leading suppliers of detailed, quality market research to the global electronics industry, estimated the combined Chinese, Spanish, and Portuguese market for explosives, weapons and contraband detection at over $310 million in 2010.

Planned uses for the Quantum Sniffers bound for China include increasing public safety during the upcoming 2010 Asian Games, also called the XVI ASIAD. This year's event is the largest in the history of the games with a total of 476 events in 42 sports. In Spain, the QS-H150 will be deployed by the Spanish Air Force to enhance security.

"The Spanish Air Force order is the latest in a series from our in-country partner. Their continued success validates both the quality of our products and the strength of our distribution strategy," commented Bruce Bower, Senior Vice President of Implant Sciences.

"These orders are new business in regions where Implant Sciences has made previous sales. Our sustained success in these markets underscores the effectiveness and dependability of the QS-H150," stated Glenn Bolduc, CEO of Implant Sciences.

About the Quantum Sniffer QS-H150

The QS-H150 Quantum Sniffer is a hand-held explosive trace detector that uses Ion Mobility Spectrometry (IMS) to rapidly detect and identify trace amounts of a wide variety of military, commercial, improvised, and homemade explosives. The QS-H150 features a low-maintenance design that is self-calibrating and self-clearing, providing very high levels of operational availability.

About Implant Sciences

Implant Sciences develops, manufactures and sells sophisticated sensors and systems for Security, Safety, and Defense (SS&D) markets. The Company has developed proprietary technologies used in its commercial explosive trace detection systems which ship to a growing number of locations domestically and internationally. Implant Science's QS-H150 Portable Explosives Detector has been Designated as Qualified Anti-Terrorism Technology by the U.S. Department of Homeland Security under the Support Anti-terrorism by Fostering Effective Technology Act of 2002 (the SAFETY Act). For further details on the Company and its products, please visit the Company's website at www.implantsciences.com

Safe Harbor Statement

This press release may contain certain "forward-looking statements," as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are based on management's current expectations and are subject to risks and uncertainties that could cause the Company's actual results to differ materially from the forward-looking statements. Such risks and uncertainties include, but are not limited to, the risks that our explosives detection products and technologies (including any new products we may develop) may not be accepted by the U.S. government or by other law enforcement agencies or commercial consumers of security products; our business is subject to intense competition and rapid technological change; and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including its most recent Forms 10-K, 10-Q and 8-K. Such statements are based on management's current expectations and assumptions which could differ materially from the forward-looking statements.

Contact Information

  • Contact:

    Implant Sciences Corporation
    Company Contact:
    Glenn Bolduc
    CEO
    978-752-1700
    Email Contact

    or

    Investor Contact:
    Laurel Moody
    646-810-0608
    Email Contact