Regarding point 1, Smiths ETD products also are TSA certified. Its technology is equal to Implant's in the eyes of the TSA. Smiths has won European airport contracts, as has Morpho.
IMSC was selected by the TSA over Smiths because it's B-220 was priced less than Smiths equally certified system. Implant HAD to have that contract, and sold 1170 units for around $25 million. The TSA liked the price; the technology was all the same to them.
Smiths is now a much more formidable competitor. Morpho helps fill out its security product line. Morpho's ETD capabilities may not be as good as IMSC's (it isn't), but Smiths R&D foks will no doubt fix that. Worse, Smiths will offer a complete, integrated line of EDS/ETD systems that will enable buyers to select whole, not in parts. And buyers like to make things easy on themselves.
Regarding point 2, it's typical future, future, future stuff. Look, the competition is not going to stand around and do nothing. Talk has always been cheap with Implant Sciences, going back to when Glenn Bolduc was romancing the investor class. The company was losing money then. The company is losing money now. The company was making promises then. The company is making promises now. Don't you get it? (Took me way too long.)
