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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
#46088   "But had nobody taken this on these bastards Whiskers53 02/20/17 08:01:31 PM
#46087   Yep this is the game for many such Ramp Worm 02/20/17 05:13:25 PM
#46086   Ramp - My take is that everyone connected justinfish 02/19/17 06:00:09 PM
#46085   That is a brave prognostication. I Ramp Worm 02/19/17 03:50:21 PM
#46084   It's all percentages....matters none now where we were...... Whiskers53 02/17/17 06:38:44 PM
#46083   I suggest our Deft managers have put together tcm7 02/17/17 06:23:25 PM
#46081   That ridiculous 'earning statement' peddled here didn't tank Whiskers53 02/17/17 04:31:13 PM
#46080   Monday is Presidents day. TheShadow 02/17/17 03:57:53 PM
#46079   Volume and lack of movement suggest this will Whiskers53 02/17/17 03:49:34 PM
#46078   Here's where I'm at with IMSC investment, churned ki2002rom 02/17/17 12:55:01 PM
#46077   agreed and you're right...it's impossible for me to BasherCrashser 02/17/17 12:36:59 PM
#46076   Yeah, lets just drop it. Nowak488 02/17/17 12:25:56 PM
#46075   tcm7- that's a clear overview of the situation BasherCrashser 02/17/17 11:39:31 AM
#46074   Nowak- for everyone's sanity may i propose a truce? BasherCrashser 02/17/17 11:31:05 AM
#46073   I agree it would be difficult. Ramp Worm 02/17/17 10:31:22 AM
#46072   Criminal usury has penalties that affect debt along tcm7 02/17/17 10:24:07 AM
#46071   Highly doubt it, that would be a small artang 02/17/17 10:07:53 AM
#46070   Sept 2, 2015 Liscouski named President of ISC Ramp Worm 02/17/17 10:06:46 AM
#46069   It's a good thing they have a trustee Nowak488 02/17/17 09:04:57 AM
#46068   My bad. tcm7 02/16/17 08:04:42 PM
#46067   DMRJ/PP can't possibly care if we settle quickly ken_r 02/16/17 07:57:31 PM
#46066   Yeah, I agree with this. Nowak488 02/16/17 07:52:50 PM
#46065   Come on folks... tcm7 02/16/17 07:45:13 PM
#46064   Yeah, I said the law firm who signs Nowak488 02/16/17 07:19:00 PM
#46063   You win Nowak. I'm going to spare everyone BasherCrashser 02/16/17 07:11:56 PM
#46062   He may close out the matter before him, ken_r 02/16/17 07:00:17 PM
#46061   "I know several of those chosen to be Nowak488 02/16/17 06:59:51 PM
#46060   Until we have the detail on how the Nowak488 02/16/17 06:57:06 PM
#46059   Nowak488- Since the EC, collectively, own such a justinfish 02/16/17 05:59:01 PM
#46058   Truthbetold - thanks for being the voice of BasherCrashser 02/16/17 05:31:35 PM
#46057   Indeed the committee is dictated by law BasherCrashser 02/16/17 05:20:27 PM
#46056   I agree with everything. Nowak488 02/16/17 05:17:26 PM
#46055   Gentlemen, I know you're not looking for a mediator, mr-truthbetold 02/16/17 05:11:13 PM
#46054   The EC selection process is dictated by law. Nowak488 02/16/17 04:34:32 PM
#46053   My.02 for the EC iGrassHopper 02/16/17 04:28:32 PM
#46052   anywhere close to that would be astounding imho! BasherCrashser 02/16/17 04:18:07 PM
#46051   Nowak - Ok. Again I should have left BasherCrashser 02/16/17 04:01:02 PM
#46050   Sept 2, 2015 Liscouski named President of ISC Phoenixsons 02/16/17 03:53:03 PM
#46049   Yes, I over simplified it.. for sure. mr-truthbetold 02/16/17 03:48:49 PM
#46048   "Our" share of any proceeds go the "company" tcm7 02/16/17 03:38:52 PM
#46047   I tend to agree on timing. mr-truthbetold 02/16/17 03:12:22 PM
#46046   Again, you're the one making this a matter Nowak488 02/16/17 03:00:59 PM
#46045   Nowak - clearly we have a difference of BasherCrashser 02/16/17 12:55:23 PM
#46044   I've got it under control. Nowak488 02/16/17 12:33:54 PM
#46043   The judge wants this settlement quickly. Those Whiskers53 02/16/17 12:30:55 PM
#46042   This feeling that we are about to reach ken_r 02/16/17 12:12:25 PM
#46041   Is this really advice? BasherCrashser 02/16/17 11:21:38 AM
#46040   Does anyone else have the feeling that the Whiskers53 02/16/17 10:56:58 AM
#46039   Scumbag Fraudsters 02/15/17 10:54:54 PM
#46035   I don't take kindly to thieves and swindlers Ramp Worm 02/15/17 11:39:30 AM
PostSubject