Implant Sciences 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. Read our due diligence report from the last year here.
Yesterday, January 16th, Implant announced that company is hosting a conference call to to update investors on “recent developments”. We emailed our subscribers what to expect from this call:
The most logical conclusion is that the TSA approval that launches IMSC’s trace detection technology in the United States is finally here. This landmark deal has been coming for YEARS.
Our advice? Tune into the call.
We have been right again – in a 5min after opening a conference call IMSC wired a press release:
Implant Sciences Corporation (IMSC) announced today that the U.S. Transportation Security Administration (TSA) has notified the Company that its Quantum Sniffer™ QS-B220 Explosives Trace Detector has successfully met the requirements for acceptance onto the Air Cargo Screening Technology List (ACSTL).
Glenn D. Bolduc, Implant Sciences’ President and CEO, said at the conference call:
We are very pleased and proud to announce to you today that we have achieved this goal. Our Quantum Sniffer QS-B220 has just been approved by TSA, and will be included on the next published edition of the Air Cargo Screening Technology List. This list identifies equipment that can be used by air carriers, indirect air carriers, independent cargo screening facilities and shippers in the TSA’s Certified Cargo Screening Program to screen domestic and outbound (of the United States) air cargo. With this approval, we are only the third trace detection manufacturer, and the only American owned company, to have passed TSA’s ETD certification testing. As the first ETD product approved since 2010, the QS-B220 also stands as the only system to have successfully completed the most current explosives trace detection testing protocol.
- We are proud to be the next generation product with critical and key differentiators including:
- A detection system that contains no radioactive materials and emits no ionizing radiation
- An automated, self-calibration process that does not require any human intervention
- The fastest “clear-down” time in the industry
- The lowest “total cost of ownership” for similar products in the industry, and finally
- An Explosives Trace Detection product designed, manufactured and sold by an American small business
TSA approval opens doors to the cargo screening carriers such as FedEx and UPS. IMSC revenues, thus its share price, should sky-rocket in upcoming days.
Today IMSC announced that it received multiple contracts for a total of ten additional units of its Quantum Sniffer™ QS-H150 handheld explosives trace detectors from the Japanese nuclear power industry. There have been a total of five orders from the customer in the last five months.
IMSC stock continues its march up-north for the second trading session, reached $1.54 per share since close at $1.10 per share on Tuesday.
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