Secure Point Technologies Inc (fka IMSCQ)

[mas]

http://www.defensedaily.com/eletters/hsr-nov-19-2014/

'Implant says that under the new contract it received an initial delivery order for 1,170 of its QS-B220 benchtop ETDs. A TSA spokeswoman tells HSR via an email response to questions that the order is valued at $21.6 million and contains an option for a second year warranty and additional consumables. However, she says there are no other options and that the ID/IQ contract is for one year and includes monies from fiscal years 2014, 2008, 2005 and 2004.

Bolduc says a “good part” of the order for the 1,170 units will be shipped in Implant’s current fiscal year, which ends in June 2015.

The company reported $1.8 million in sales in its first quarter and with the TSA contracts sees more than $20 million for the fiscal year, he says.

Bolduc, however, says that the ID/IQ contract has options that could extend the contract into future years, although the number of years it can be extended for “is anyone’s guess.” He suggests that the $162 million potential says something about TSA’s needs and expects the new business to continue into the federal government’s fiscal year 2016, which begins on Oct. 1, 2015.'


Any disservice to the shareholders/readers here is not coming from me !