Secure Point Technologies Inc (fka IMSCQ)

[rettacs]

Fact is, the ETD market is Implant Sciences and Smiths (now that Morpho has need acquired). This is a HUGE change from a couple years ago. Implant has never claimed to win all the tenders, but they have been winning a lot of important ones. (Schiphol and STAC are two of the better run security organizations in Europe.)

Most of those Morpho sales have been either of the "in the bag" category or ones that you would be complaining about the impact on margins if Implant had won. Why do you think Safran wanted to be rid of Morpho Detection-- because it was underperforming.

It is a fair knock on Implant Sciences that they have been horrible about communicating recent sales. They are probably correct that our knowing doesn't affect their future, but it is irritating as heck. OTOH, if you dig into the European ETD rollout plan you'll find that we are currently in the gap between major deadlines. Expect another flurry of announcements when the next deadline gets closer.