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Implant Sciences Corp. (IMSCQ)

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Implant Sciences Corp.

107 Audubon Road #5
Wakefield, MA 01880
Phone: (781) 246-0700
http://www.implantsciences.com/

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.

Features:

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

Benefits:

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

others


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

http://finance.yahoo.com/news/implant-sciences-signs-tsa-idiq-140000671.html
 

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

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

http://finance.yahoo.com/news/implant-sciences-signs-tsa-idiq-140000671.html


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

http://finance.yahoo.com/news/l-3-agrees-acquire-implant-122000671.html



 

From source:



 

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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
PostSubject
#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
#45600   53 - You forgot to call them rats. justinfish 01/23/17 07:36:03 PM
#45599   Totally correct bro mah Whiskers53 01/23/17 07:11:30 PM
#45598   Thanks and congrats to our EC iGrassHopper 01/23/17 05:55:18 PM
#45597   If Brown Rudnick went on a % from shiloh12 01/23/17 05:09:47 PM
#45596   They've already admitted that they had a hand Nowak488 01/23/17 04:44:10 PM
#45595   Maybe..or perhaps because the EC has the goods shiloh12 01/23/17 04:27:08 PM
#45594   Yes, this confirmation that we probably have a Nowak488 01/23/17 04:26:40 PM
#45593   still wonder where DMRJ got the money from... Ren Baldur 01/23/17 04:09:10 PM
#45592   This appears to be a pretty good clue int10a 01/23/17 03:45:23 PM
#45591   so DMRJ got permission from the court today Ren Baldur 01/23/17 03:39:47 PM
#45590   There have been many crimes already committed. mr-truthbetold 01/23/17 01:42:39 PM
#45589   Status of our "return of invest" (Updated - Ren Baldur 01/23/17 01:37:00 PM
#45588   Baldur, I would like to read your post ken_r 01/23/17 01:26:01 PM
#45587   Status of our "return of invest" (Updated) Ren Baldur 01/23/17 12:23:19 PM
#45586   Judge taking the weekend to think it over? artang 01/23/17 08:05:33 AM
#45585   So whether they turn records over is not ken_r 01/22/17 05:29:12 PM
#45584   Pretty sure shredders are obsolete and I believe tcm7 01/22/17 04:45:47 PM
#45583   Just use Turmelle's numbers iGrassHopper 01/22/17 04:39:40 PM
#45582   AGAIN WITH SETTLEMENT TALK. Can anyone tell me ken_r 01/22/17 04:35:11 PM
#45581   Yeah, it won't happen. Nowak488 01/22/17 04:12:02 PM
#45580   Hold your horses. WHY do you think alleged ken_r 01/22/17 03:51:42 PM
#45579   A lot of cow manure being spread regarding TheShadow 01/22/17 03:50:44 PM
#45578   can somebody please take over for the next Ren Baldur 01/22/17 02:53:32 PM
#45577   Yeah. You are surrounded by enemies, dear old Ren Baldur 01/22/17 02:35:39 PM
#45576   HOLY SMOKES!!! Whiskers53 01/22/17 02:32:54 PM
#45575   I mean PP already admitted they had a Nowak488 01/22/17 02:30:46 PM
#45574   If it goes to June that would indicate Nowak488 01/22/17 02:28:54 PM
#45573   Official Committee of Equity Security Holders of Implant tcm7 01/22/17 02:24:44 PM
#45571   can you please pinpoint with a link where Ren Baldur 01/22/17 02:00:34 PM
#45570   The EC, made up of IMSC shareholders, is tcm7 01/22/17 01:56:46 PM
#45569   Nowak488- Your statement here is interesting: justinfish 01/22/17 01:25:18 PM
#45568   I'd be happy to add (potential) wins of Ren Baldur 01/22/17 01:14:17 PM
#45567   RB, of course you are assuming NO win tcm7 01/22/17 01:02:29 PM
#45566   Well first establish the groundlevel. Which is the Ren Baldur 01/22/17 12:23:44 PM
#45565   Great! If we have no money left over, there Nowak488 01/22/17 12:19:26 PM
#45564   Status of our "return of invest" (Updated) Ren Baldur 01/22/17 05:10:30 AM
#45563   Can you please provide a link/ background information, Ren Baldur 01/22/17 04:59:39 AM
#45562   Series H convertibles iGrassHopper 01/21/17 08:29:28 PM
#45561   Welcome back buffalo!! They will never get those artang 01/21/17 06:02:06 PM
#45560   Yeah, wasn't this something they did on the Nowak488 01/21/17 05:48:42 PM
#45559   Not quite. Whiskers53 01/21/17 05:38:37 PM
#45558   From page 26: int10a 01/21/17 05:27:29 PM
#45557   Can depend on who they're paid too. Kgs68 01/21/17 05:19:04 PM
#45556   See page 3 of https://www.sec.gov/Archives/edgar/data/1068874/000106887416000139/imsc160930_10q.htm int10a 01/21/17 05:10:17 PM
#45555   I may be the most honest person on ken_r 01/21/17 04:05:08 PM
#45554   In answer to your last question, for the ken_r 01/21/17 03:45:58 PM
#45553   You weren't. I'd appreciate if you stopped pretending Andy3077 01/21/17 03:12:34 PM
#45552   Thanks for the hint. Ren Baldur 01/21/17 02:52:56 PM
#45551   Don't forget there's $7 million of preferred stock int10a 01/21/17 02:42:35 PM
#45550   Status of our "return of invest" (Updated) Ren Baldur 01/21/17 02:34:43 PM
PostSubject