SOURCE: Implant Sciences
February 28, 2011 07:10 ET
Implant Sciences Announces $600,000 in New Orders
Systems to Be Delivered to Armenia, China, Russia, and Turkey
WILMINGTON, MA--(Marketwire - February 28, 2011) - Implant Sciences Corporation (PINKSHEETS: IMSC) (OTCQB: IMSC), a high technology supplier of systems and sensors for homeland security markets, today announced that it has received orders for its Quantum Sniffer™ QS-H150 explosives trace detector totaling over $600,000. The orders represent a mixture of new customers and repeat customers, and cover a wide geographic area with sales to Armenia, China, Russia, and Turkey. The QS-H150 will be deployed for a variety of uses including airport security, law enforcement, and security at the stock exchange in Istanbul, Turkey.
"We continue to reap the benefits of our focus on expanding sales, marketing, and distribution channels internationally. We are making inroads into new markets, while also receiving repeat orders from existing customers that have proved the advantages of the Quantum Sniffer," stated CEO of Implant Sciences, Glenn Bolduc.
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 Sciences' 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 governments or by other law enforcement agencies or commercial consumers of security products; economic, political and other risks associated with international sales and operations could adversely affect our sales; our business is subject to intense competition and rapid technological change; liability claims related to our products or our handling of hazardous materials could damage our reputation and have a material adverse effect on our financial results; and other risks and uncertainties described in our filings with the Securities and Exchange Commission, including our 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.