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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.[...]

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) 01/04/2016 03:12:01 PM
IMSC News: Current Report Filing (8-k) 11/18/2015 11:16:38 AM
IMSC News: Quarterly Report (10-q) 11/16/2015 02:16:59 PM
IMSC News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/09/2015 01:28:51 PM
IMSC News: Amended Annual Report (10-k/a) 10/27/2015 02:58:38 PM
#27706  Sticky Note Networking issue- he said they are pretty much zeynoc 09/29/15 03:37:04 AM
#32185   Yup iGrassHopper 02/05/16 08:23:33 PM
#32184   Last CC they admitted that they have a buffalop51 02/05/16 08:17:08 PM
#32183   First step in recovery is admission,unfortunately their collective shiloh12 02/05/16 07:26:41 PM
#32182   Stay tuned ...... iGrassHopper 02/05/16 06:53:22 PM
#32181   With ALL that being said? buffalop51 02/05/16 06:13:58 PM
#32180   Sure they can. buffalop51 02/05/16 05:55:10 PM
#32179   If so, the continued 'relationship' with platinum is buffalop51 02/05/16 05:31:33 PM
#32178   If DMRJ IS the only option, they would Pat 02/05/16 05:10:01 PM
#32177   I have no doubt platinum will extend. buffalop51 02/05/16 05:09:00 PM
#32176   Yeah, and they'll probably raise the rate again, fantomphan 02/05/16 05:00:11 PM
#32175   If they can't find any other options, DMRJ Pat 02/05/16 04:54:39 PM
#32174   Announcement of the CC date and time after buffalop51 02/05/16 03:54:43 PM
#32173   Implant Sciences created their own headwinds. Everyone buffalop51 02/05/16 03:48:16 PM
#32172   This market has created _huge_ headwind for IMSC. T-R1 02/05/16 02:43:14 PM
#32171   exit and wait for the time they get buffalop51 02/05/16 01:38:32 PM
#32170   It's over then...there will be no buy out vintagesake 02/05/16 01:08:23 PM
#32169   It's make or break time here for many, buffalop51 02/05/16 11:56:07 AM
#32168   It is standard language. And it's absolutely possible. pmaher 02/04/16 09:16:30 PM
#32167   Tard, what was the name of that mining company? BradyBronco 02/04/16 07:14:59 PM
#32166   your sooooo right b9....they never give up RICHARDFALZONE1 02/04/16 03:27:24 PM
#32165   Standard including the specific call out of DMRJ! joe_techi 02/04/16 03:27:04 PM
#32164   that is standard boilerplate language. b9molecule 02/04/16 02:19:53 PM
#32163   I am retired and have never posted here. tarb 02/04/16 01:38:09 PM
#32162   Bomb Suspected in Deadly Explosion on Somali Jet wickerman 02/04/16 12:43:10 PM
#32161   Key comparisons for the next quarterly numbers to humnow24 02/04/16 12:36:26 PM
#32160   Not much action on this board lately. Major primethepump 02/04/16 11:16:36 AM
#32159   I'll take all of the above adding D) wickerman 02/04/16 10:54:38 AM
#32158   RF until we get some more direction from Phoenixsons 02/04/16 09:17:48 AM
#32156   Cnn ScooterTime022 02/03/16 08:57:20 PM
#32155   Everyday shiloh12 02/03/16 08:44:16 PM
#32154   Waiting for a miracle iGrassHopper 02/03/16 07:37:22 PM
#32153   Waiting on the quarterly results.................... rmegsr 02/03/16 05:54:12 PM
#32152   PATIENTLY AWAITING..... Fred1949 02/03/16 05:23:00 PM
#32151   is there some strang reason why no one RICHARDFALZONE1 02/03/16 04:06:49 PM
#32150   Investigators believe a bomb likely caused the explosion Phoenixsons 02/03/16 11:01:50 AM
#32149  Restored Hello imsc-is-a-scam! LOL. meima1955 02/02/16 07:27:20 PM
#32148 Phoenixsons 02/02/16 10:27:41 AM
#32147   Still training, still running until we get to meima1955 02/02/16 08:27:34 AM
#32145   Meanwhile, I am still an eternal optimist. Sitting meima1955 02/01/16 05:11:53 PM
#32144   That is the most profound post I have onlyforROI 02/01/16 04:52:41 PM
#32143   Bolduc said 'we are running a marathon not buffalop51 02/01/16 04:22:08 PM
#32142   is everyone dead out there RICHARDFALZONE1 02/01/16 03:51:00 PM
#32141   Although I know Implant Sciences is dominating the aintitahoot 02/01/16 10:13:46 AM
#32140   e a..holes are at it again RICHARDFALZONE1 02/01/16 10:06:16 AM
#32139   Wrong board T-R1 02/01/16 10:00:04 AM
#32138   LLL upgraded to Buy from Underperform by BofA/Merrill shmoopy38 02/01/16 08:38:15 AM
#32137   As we close out January, I am hoping Phoenixsons 01/31/16 06:34:07 PM
#32136   Don't worry meima, our day is coming very soon RICHARDFALZONE1 01/30/16 09:29:31 AM
#32135   Don't change the channel quite yet! On meima1955 01/30/16 08:31:17 AM
#32134   It probably only takes one seller of 30,000 meima1955 01/30/16 06:54:03 AM