From the Wires
Implant Sciences Ships Multi-Million Dollar Order to India Ministry of Defence
By: Marketwired .
Nov. 29, 2012 12:00 PM
WILMINGTON, MA -- (Marketwire) -- 11/29/12 -- Implant Sciences Corporation (OTCQB: IMSC), a high technology supplier of systems and sensors for homeland security and defense markets, today announced it has shipped an order for approximately $6 million of the Company's Quantum Sniffer QS-H150 handheld explosives trace detectors and associated support to the India Ministry of Defence.
"I am proud to announce the shipment of the largest order in Implant Sciences' history. We originally announced the receipt of this sole-source contract in January 2010, after an arduous competitive evaluation that started more than two years before that. I thank our entire team for their hard work and dedication in meeting the high standards of the India Ministry of Defence," stated Implant Sciences' President and CEO, Glenn D. Bolduc. "We look forward to future opportunities as a provider of security solutions to governments around the world."
Brenda Baron, Implant Sciences' Vice President of Manufacturing and Technical Services, added, "The successful shipment of our largest order to date highlights our manufacturing strength and our capacity to fulfill large orders. Our production team performed impeccably, achieving a 100% pass rate on all acceptance testing."
About the Quantum Sniffer QS-H150 Handheld Explosives Trace Detector
The Quantum Sniffer QS-H150 utilizes Ion Mobility Spectrometry (IMS) technology, providing fast, accurate detection of trace amounts of a wide variety of military, commercial, and homemade explosives. Built with no radioactive materials and featuring a low-maintenance, self-calibrating, and self-clearing design, the QS-H150 provides very high levels of operational availability. The QS-H150 has been proven to perform well in a wide variety of temperatures and challenging environments, from humid jungles to dry, sand swept deserts.
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 and narcotics trace detection systems which ship to a growing number of locations domestically and internationally. Implant Sciences' QS-H150 portable explosives trace detector has received Qualified Anti-Terrorism Technology Designation and the Company's QS-B220 desktop explosives and drugs trace detector has received a Developmental Testing & Evaluation (DT&E) Designation 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 Transportation Security Administration or by other U.S. or foreign government and 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; the risks that our markets are subject to technological change and that our success depends on our ability to develop and introduce new products; 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.
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