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Implant Sciences Corp. (IMSCQ)

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Last Post: 12/8/2016 11:35:06 AM - Followers: 212 - Board type: Free - Posts Today: 12


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

Implact Sciences Announces Sale of Detection Systems Business Assets as part of Bankruptcy filing


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) 10/14/2016 05:27:41 PM
IMSC News: Annual Report (10-k) 10/14/2016 06:05:03 AM
IMSC News: Current Report Filing (8-k) 10/11/2016 10:16:28 AM
IMSC News: Notification That Annual Report Will Be Submitted Late (nt 10-k) 09/28/2016 04:14:00 PM
IMSC News: Current Report Filing (8-k) 09/16/2016 10:59:49 AM
#37666  Sticky Note KI.....I've seen your posts over the recent past, dsully64 06/25/16 06:13:11 PM
#33900  Sticky Note Looking at the numbers: zeynoc 04/09/16 07:42:38 AM
#44389   Entendance - Again I ask the question as justinfish 12/08/16 11:35:05 AM
#44388   This guy is sure to be as slippery mr-truthbetold 12/08/16 11:34:56 AM
#44387   Meanwhile... ...Robert Liscouski... Entendance 12/08/16 10:55:33 AM
#44383   Ken Lay and his END-RUN (Enron) is notable. Ramp Worm 12/08/16 09:47:34 AM
#44382   Liscouski quoted in an article yesterday. mr-truthbetold 12/08/16 09:10:53 AM
#44381   Below is from a Nov article about Platinum. mr-truthbetold 12/08/16 09:03:54 AM
#44379   I see a lot of similarities albeit different Buzzzy123 12/08/16 08:32:37 AM
#44378   If they get CIC checks, they won't feel mr-truthbetold 12/08/16 08:02:24 AM
#44376   And I'm sure our insiders will also be ken_r 12/07/16 03:19:00 PM
#44375 shiloh12 12/07/16 02:45:49 PM
#44374   When was the last time a retiring CEO ken_r 12/07/16 02:34:33 PM
#44373   That is correct, it isn't even in criminal artang 12/07/16 12:17:13 PM
#44372   First things first, lets maximize the payout for mr-truthbetold 12/07/16 12:00:39 PM
#44371   Write the judge at sentencing... Judges read those Ramp Worm 12/07/16 11:53:10 AM
#44370   These two cases aren't all that comparable. Nowak488 12/07/16 11:52:12 AM
#44369   That's the same way I felt when GM MakeABuck2000 12/07/16 11:45:44 AM
#44368   I feel worse for my family. These criminals Ramp Worm 12/07/16 11:36:04 AM
#44367   I'm certainly counting on the equity holders committee mr-truthbetold 12/07/16 11:27:35 AM
#44365   I feel worse for my family. These mr-truthbetold 12/07/16 11:23:33 AM
#44364   I don't feel bad for their families... They Ramp Worm 12/07/16 11:17:27 AM
#44361   It also may rise fast. ken_r 12/07/16 10:47:23 AM
#44358   This may fall fast when some details are released new investments 12/07/16 09:32:10 AM
#44344   Buff are you implying WM and BL are Phoenixsons 12/06/16 05:57:49 PM
#44343   Seriously, the BK judge for imscs 11 can't buffalop51 12/06/16 05:36:18 PM
#44342   Maybe someone has news of another bidder? rettacs 12/06/16 05:02:46 PM
#44341   I think with McGann and Liscouski in prison buffalop51 12/06/16 04:51:55 PM
#44340   Let's hope any charges are limited to PP, shiloh12 12/06/16 04:22:59 PM
#44339   Has anyone heard any updates on their criminal buffalop51 12/06/16 03:41:34 PM
#44338   Personally I think McGann and Liscouski will play buffalop51 12/06/16 03:39:26 PM
#44337   Somebody is buying today. Lets hope it's not ken_r 12/06/16 03:11:26 PM
#44336   L3 is licensed technology for big system integration primethepump 12/06/16 11:06:06 AM
#44335   Horiba has been selling the same micro mass primethepump 12/06/16 10:59:58 AM
#44334   If L3 is paying $117M to acquire the artang 12/06/16 10:19:58 AM
#44333   I searched and found this where it says int10a 12/06/16 05:57:56 AM
#44332   Presumably the royalty payments however meager from the primethepump 12/05/16 08:05:45 PM
#44331   non of them bought a single share in buffalop51 12/05/16 08:00:08 PM
#44330   Exactly. ki2002rom 12/05/16 07:36:16 PM
#44329   Since the intellectual property was so hard to joe_techi 12/05/16 07:25:36 PM
#44328   I pointed out in a previous email the primethepump 12/05/16 06:33:54 PM
#44327   Exactly. ki2002rom 12/05/16 06:31:34 PM
#44326   Exactly, Buff iGrassHopper 12/05/16 05:07:08 PM
#44325   Makes you why none of them every sold shiloh12 12/05/16 05:03:19 PM
#44324   'What's the point of ch. 11 reorganization now?' buffalop51 12/05/16 04:59:30 PM
#44323   But they aren't seeking debt relief iGrassHopper 12/05/16 04:56:59 PM
#44322   Until there's proof that they could have paid T-R1 12/05/16 04:40:24 PM
#44321   I do not think Zapata entered into the int10a 12/05/16 04:37:18 PM
#44320   The actual default on 3/31 was hidden iGrassHopper 12/05/16 04:24:36 PM
#44319   I'm not quite with Buff on the jail shiloh12 12/05/16 04:18:50 PM
#44318   The defaulted, did you forget that? T-R1 12/05/16 04:07:10 PM
#44317   What's the point of ch. 11 reorganization now? iGrassHopper 12/05/16 04:00:03 PM