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Implant Sciences Corp. (IMSC)

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Last Post: 5/25/2015 12:12:02 PM - Followers: 172 - Board type: Free - Posts Today: 1


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.[...]

IMSC has arrived...signing a Major contract with the US Government!

Implant Sciences signs TSA IDIQ Contract for up to $162 million dollars for explosive trace detection systems

Indefinite Delivery / Indefinite Quantity Contract for QS-B220s

Implant Sciences Receives Order from TSA for 1,170 Explosive Trace Detectors

QS-B220s to be deployed to multiple U.S. airports


From source:



Transfer Agent
Computershare Trust Company Inc.
350 Indiana St.
Golden, CO 80401

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Current Price
Bid Ask Day's Range
IMSC News: Current Report Filing (8-k) 05/20/2015 01:31:22 PM
IMSC News: Quarterly Report (10-q) 05/15/2015 05:32:19 PM
IMSC News: Implant Sciences Reports Third Quarter Fiscal 2015 Financial Results 05/14/2015 04:05:00 PM
IMSC News: Proxy Statement - Notice of Shareholders Meeting (preliminary) (pre 14a) 05/14/2015 09:28:48 AM
IMSC News: Implant Sciences Ships Additional $500,000 of Explosives Trace Detectors Worldwide 05/13/2015 12:29:00 PM
#24666   Thank you for your service Phoenix Ten4 05/25/15 12:12:02 PM
#24665   Spent 15 months there and watched them using Phoenixsons 05/22/15 08:00:30 PM
#24664   They have away different view of things than KnightlyCruiser 05/22/15 06:55:15 PM
#24663   Iraq's army has less fight in it the islandchief 05/22/15 06:29:01 PM
#24662   I saw a prototype of the 'new handheld' buffalop51 05/22/15 03:23:41 PM
#24660   McGann said Middle East is our next big market iGrassHopper 05/22/15 02:39:11 PM
#24659   arm iraqi's with WMD ie climate change. buffalop51 05/22/15 02:14:14 PM
#24658   Iraq bought the useless British made ADE 651's iGrassHopper 05/22/15 01:56:00 PM
#24657   I hope 1.50 this way cometh, AND some. ki2002rom 05/22/15 01:31:35 PM
#24656   Let me go out on a limb...I don't ki2002rom 05/22/15 01:28:06 PM
#24655   Nice going IT! I think a few employees Buzzlityr 05/22/15 01:03:40 PM
#24654   That's great! Now buy some at $1.50. That RenoJon 05/22/15 12:44:55 PM
#24653   just bought 300 shares at 0.73 just to iToro 05/22/15 11:52:54 AM
#24652   Share count/ Potential Share count Buzzlityr 05/22/15 11:22:44 AM
#24651   Maybe the SP will soar if the big iToro 05/22/15 11:12:34 AM
#24650   This is probably Platinum diluting the float, they diddobuyer 05/22/15 11:08:08 AM
#24649   Aside from the add'l DMRJ at least 40k ki2002rom 05/22/15 10:36:05 AM
#24648   When do we start to lose out on humnow24 05/22/15 10:35:53 AM
#24647   Can someone explain what the heck is going iToro 05/22/15 10:33:14 AM
#24646   Likely we have reached a point of Capitulation KnightlyCruiser 05/22/15 10:31:52 AM
#24645   There must be more going on then meets humnow24 05/22/15 10:07:42 AM
#24644   Someone, something is decided to take us back iToro 05/22/15 09:54:29 AM
#24643   What the heck is going on with pps? joe_techi 05/22/15 09:53:10 AM
#24642   why are they setting aside some 73M shares mas 05/22/15 05:31:39 AM
#24641   Thanks Buzz. I'll check it out. pmaher 05/21/15 11:49:29 PM
#24640   Banishment over 30 peices of silver? iGrassHopper 05/21/15 07:47:21 PM
#24639   Rights offering based on current share ownership. A Buzzlityr 05/21/15 07:14:02 PM
#24638   IGH- I spoke with him one time, years Buzzlityr 05/21/15 07:09:40 PM
#24637   Buzz- when you spoke with Bolduc iGrassHopper 05/21/15 06:52:42 PM
#24636   Endless supply at 0.69! Hidden blocks! And is iToro 05/21/15 03:55:56 PM
#24635   Buzz- that's a separate discussion and we simply zeynoc 05/21/15 03:51:51 PM
#24634   Getting rid of DMRJ will pretty much be iToro 05/21/15 03:42:23 PM
#24633   We wouldn't be the one's buying all the ki2002rom 05/21/15 03:30:57 PM
#24632   Man buzz... you articulate it well. If they ki2002rom 05/21/15 03:24:01 PM
#24631   Yeah, but you will present these ideas as Nowak488 05/21/15 03:23:40 PM
#24630   The delay caused by the freaking protest added iToro 05/21/15 03:21:10 PM
#24629   Zey- a guess we can chase our tails Buzzlityr 05/21/15 02:50:00 PM
#24628   Stop throwing muddy water on ideas yet to Buzzlityr 05/21/15 02:05:19 PM
#24627   So lets have a discussion. Nowak488 05/21/15 01:45:51 PM
#24626   To me discussing debt is valid, whether 30times ki2002rom 05/21/15 01:36:48 PM
#24625   a whole new BOD in the wings as b9molecule 05/21/15 01:08:50 PM
#24624   Bottom line profitability is very hard to foresee zeynoc 05/21/15 01:06:11 PM
#24623   Glenn had 6 years, these guys have been zeynoc 05/21/15 12:50:14 PM
#24622   Zey- ah PLEASE don't worry about sales...jeez, that Buzzlityr 05/21/15 12:46:53 PM
#24621   This number has been there forever and it zeynoc 05/21/15 12:43:14 PM
#24620   Yeah, but you admitted the other day that Nowak488 05/21/15 12:39:48 PM
#24619   Actually, they had plenty of time to work Buzzlityr 05/21/15 12:36:17 PM
#24618   If you read the notes you will understand, zeynoc 05/21/15 12:29:26 PM
#24617   Look, no one here wants another 73M going Nowak488 05/21/15 12:25:39 PM
#24616   Where are you seeing the balance on the Buzzlityr 05/21/15 12:16:58 PM