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Implant Sciences Corp. (IMSC)

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Implant Sciences Corp.

107 Audubon Road #5
Wakefield, MA 01880
Phone: (781) 246-0700

Implant Sciences Corp. (IMSC) develops and manufactures explosive trace detection sensors and systems that are capable of detecting minute amounts of a wide variety of military, commercial, and homemade explosives. IMSC's patented technologies  provide unique screening capabilities to extend and improve counter-terrorist and homeland security efforts. Implant Sciences' products are deployed worldwide to enhance the safety and security of its customers in roles such as:
Aviation security
Force protection
Subway security
Customs and immigration
Cargo security
Critical infrastructure protection
Ports and tunnels security
and more…

Innovative Products:

Quantum Sniffer™ QS-H150 Portable Explosives Detector

The Quantum Sniffer QS-H150 employs a patented vortex collector for the simultaneous detection of explosives particulates and vapors with or without physical contact and in real-time. Far more sensitive than other detection devices, the advanced Quantum Sniffer can detect parts-per-trillion (ppt) levels of explosives vapor and nanogram quantities of explosives particulates for most threat substances.

Accurate and Efficient

The QS-H150 has automatic and continuous self-calibration. It monitors its environment, senses changes that would affect its accuracy, and re-calibrates accordingly. No user intervention, no calibration consumables, no system down-time.
For detection, the sample is collected by the vortex, ionized photonically, and analyzed via ion mobility spectrometry (IMS). The presence of a threat is indicated by a visible and audible alarm, and the substance is identified and displayed on the integrated LCD screen. Optionally, and at any time, a monitor and keyboard may be connected for convenient access to spectrogram display and analysis tools, administrative tools, and diagnostics.
When detecting a threat substance, the QS-H150 rapidly alarms. This real-time detection limits equipment contamination and allows for ultra-fast clear-down.


Photonic (non-radioactive) ionization

Patented non-contact vortex collector sample acquisition

Automatic continuous self-calibration

No calibration or verification traps

Simultaneous vapor and particulate detection

Threat and taggant identification


Lower total costs of ownership

Very low false positive rate

Full range of detectable substances

User-expandable threat library

Fast analysis

Ultra-fast clear-down

QS-B220 Benchtop Explosives and Narcotics Trace Detector

QS-B220The QS-B220, introduced in May 2011, is a bench-top explosives and narcotics trace detector that uses Ion Mobility Spectrometry (IMS) to rapidly detect and identify trace amounts of a wide variety of military, commercial, and homemade explosives, plus narcotic substances. The QS-B220 is free from radioactive materials, low total cost of ownership, and high operational availability.

Accurate and Efficient

The Quantum Sniffer performs real-time detection with fast clear-down. When detection occurs, the QS-B220 provides audio and visual alarm indications, including substance identification, on the integrated high-resolution color touch-screen. Authorized users can also access spectrogram display and analysis, administrative, and diagnostic tools through the easy-to-use interface.

Automatic internal self-calibration prevents errors that could result from an uncalibrated instrument. The QS-B220 monitors its environment and senses changes that would affect its analysis. No user intervention or calibration consumables required.

Lower Total Cost of Ownership

Operation and maintenance expenses are extremely low with the QS-B220. Routine maintenance consists of care and cleaning using common supplies and desiccant replacement as required.

No radioactive material is used in the QS-B220, so there are no associated certification, licensing, inspection, testing, transportation, or end-of-life disposal costs.

Features and Benefits:


Fast clear-down means the QS-B220 is ready for the next sample in seconds

Low maintenance design delivers low total cost of ownership

Very low false positive rate

Capable of rapidly detecting and identifying both explosives and drugs


Implant's innovative explosive trace detection (ETD) devices have significant advantages over market leaders in detection systems space such as:

Safran's Morpho Detection products

Smiths Group detectors

L3 Security & Detection Systems


View at financials (see source)
[...] Implant Sciences has $5.5mm in current assets, up against $35mm in current liabilities of which $27mm belong to the DMRJ Group. This may actually bode well for the company as DMRJ has repeatedly positioned themselves as a long term benefactor of the company, extending the credit line and promissory notes' due date from March to September of this year and increasing the amount borrowable under the line of credit. If the August TSA approval holds water, DMRJ may in fact be the greatest beneficiary in IMSC's long and profitable future, alongside even the smallest of shareholders[...]

more (see source)

[...]The company has around $35 million in current liabilities of which $27 million belong to the DMRJ Group. DMRJ Group, LLC is a Delaware Limited Liability Company affiliated with Platinum Partners Value Arbitrage Fund L.P., one of the most profitable mid-sized hedge funds known to-date. DMRJ Group has repeatedly extended the credit line and promissory notes' to Implant and increased the borrowable amount. Thus DMRJ positioned themselves as a long term benefactor in IMSC. DMRJ most definitely is betting on Implant Sciences's profitable future - that's a good sign and clear direction for the sophisticated investor to follow the smart money.[...]

Anticipation of  Transportation Security Administration (TSA) certification (expected - end of August 2012)

From source:

[...]The TSA's announcement is pertinent to Implant Sciences (IMSC.PK) which makes its major domestic debut with their explosive and narcotics trace detection systems later this year; their recent investor conference call points towards a likely approval by the TSA for implementation of products in August. With TSL testing finalization and subsequently TSA approval, Implant's proprietary product lines improve upon current competition's offerings (ease of use; low cost of ownership; safety through non-radioactivity). Implant Sciences' products are widely used and gaining ground internationally but TSA approval grants unprecedented domestic involvement and makes this young company an obvious acquisition target[...]

Government Security News review:

see at this link

GSN article about IMUC



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Golden, CO 80401

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Current Price
Bid Ask Day's Range
IMSC News: Current Report Filing (8-k) 01/23/2015 03:38:38 PM
IMSC News: Implant Sciences' QS-B220 Receives Regulatory Approval for China Airports and Civil Aviation Industry 12/23/2014 10:48:00 AM
IMSC News: IMSC SHAREHOLDER ALERT: The Law Firm of Levi & Korsinsky, LLP Launches an Investigation into Possible Breaches of Fiduciary D... 12/09/2014 11:38:00 AM
IMSC News: Implant Sciences Receives Notification of Protest to Recent Award under Solicitation HTHS04-14-R-CT2050 11/26/2014 03:53:00 PM
IMSC News: Implant Sciences Receives Notification of Protest to Recent Award under Solicitation HTHS04-14-R-CT2050 11/26/2014 03:53:00 PM
#20705   Can they sell the company without getting approval Nowak488 01/25/15 07:24:45 PM
#20704   Giovanni get the phuk out of here you HateCastro 01/25/15 05:54:57 PM
#20703   why? The 90% get screwed and managment makes Giovanni 01/25/15 04:50:36 PM
#20702   because you are stupid. Giovanni 01/25/15 04:46:35 PM
#20701   Buzz, you need to call Glenn yourself and buffalop51 01/25/15 03:41:08 PM
#20700   I hope IMSC gets bought soon. Any price HateCastro 01/25/15 03:33:23 PM
#20699   DNRJ HAS EVERYTHING, they kept even an open zeynoc 01/25/15 03:14:40 PM
#20698   DMRJ has NOTHING if they don't convert to Buzzlityr 01/25/15 03:04:34 PM
#20697   Buffalo- I am not tdcomm, but I am Buzzlityr 01/25/15 02:45:11 PM
#20696   I suppose we will never really know, but shiloh12 01/25/15 02:24:06 PM
#20695   well, the growing mantra is we got a tedpeele 01/25/15 02:05:21 PM
#20694   Really? Why am I sitting on a huge zeynoc 01/25/15 01:38:02 PM
#20692   That would require a scenario where retail investors Nowak488 01/25/15 12:36:03 PM
#20691   IDIQ w TSA is imaginatory? One should have zeynoc 01/25/15 12:35:04 PM
#20690   lets see how much of that figure is imaginary.. Giovanni 01/25/15 12:01:36 PM
#20689   Take unders are rare and would not happen buffalop51 01/25/15 12:00:28 PM
#20688   lol IMSC desperately needs cash Giovanni 01/25/15 11:57:14 AM
#20687   Bolduc got a good deal from marv777 01/25/15 11:20:47 AM
#20686   This management team has enough money, don't worry. zeynoc 01/25/15 10:59:44 AM
#20685   managment would be hired by the buyer Giovanni 01/25/15 08:54:25 AM
#20684   With the swiftness of last week's action-- something BlackE 01/25/15 06:38:43 AM
#20683   It's like circular logic......sounds a lot like tdcomm buffalop51 01/24/15 07:13:52 PM
#20682   (CNN)F-16 fighter jets escorted two passenger planes into ScooterTime022 01/24/15 06:34:28 PM
#20681   I don't know there Buffalo, you have the Buzzlityr 01/24/15 06:33:17 PM
#20680   Blended is higher. 1.08 was the first tranche. zeynoc 01/24/15 06:19:40 PM
#20679   there is no 'market' where imsc is's buffalop51 01/24/15 04:46:07 PM
#20678   Zey- you saying DMRJ has converts priced Buzzlityr 01/24/15 04:34:46 PM
#20677   For anything above 1.85 I will sell these HateCastro 01/24/15 04:32:07 PM
#20676   Bolduc pawned the IP to BAM for iGrassHopper 01/24/15 04:31:51 PM
#20675   1.09 is not their highest level and the zeynoc 01/24/15 04:05:23 PM
#20674   So McGann took over as CEO with no buffalop51 01/24/15 04:04:08 PM
#20673   dude, you are so right.... the9horse 01/24/15 03:43:46 PM
#20672   I will vote no for any offers less BradyBronco 01/24/15 03:36:14 PM
#20671   that would depend on the deal. b9molecule 01/24/15 03:32:23 PM
#20670   Follow the IP because the IP is the Buzzlityr 01/24/15 03:29:13 PM
#20669   B9, are you pro sale or would you BradyBronco 01/24/15 02:53:37 PM
#20668   Yes, but the same ad doesn't appear if winters1983 01/24/15 02:33:53 PM
#20667   why do another deal with DMRJ when you tedpeele 01/24/15 02:09:35 PM
#20666   There is a new ad from Microsoft that HateCastro 01/24/15 01:25:01 PM
#20665   my two cents: i believe the9horse 01/24/15 01:20:20 PM
#20664   the sale theory may have some merit if b9molecule 01/24/15 01:10:46 PM
#20663   Final nail for sale of the company? buffalop51 01/24/15 12:55:18 PM
#20662   Doesn't Bolduc have 4 million plus options and faxedreceipts 01/24/15 11:55:02 AM
#20661   No more basketball stories? What in blimey faxedreceipts 01/24/15 11:43:08 AM
#20660   Looking at all the headwinds that come with buffalop51 01/24/15 11:22:35 AM
#20659   yup. debt resolution and protest dismissal are two b9molecule 01/24/15 10:43:32 AM
#20658   "We are at no risk of defaulting on pmaher 01/24/15 10:37:52 AM
#20657   We will find out in the next 4-6 weeks kidneybeans 01/24/15 09:41:15 AM
#20656   They would have to show that it would Nowak488 01/24/15 09:30:19 AM
#20655   Yeah, so management can also lose all their kidneybeans 01/24/15 09:04:40 AM