Key Developments: Implant Sciences Corp (IMSC.PK)

IMSC.PK on OTC Markets Group

28 Aug 2015
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Latest Key Developments (Source: Significant Developments)

Implant Sciences Corp signs deal for up to $5 mln with Ryan Security Technologies Ltd
Monday, 1 Jun 2015 09:00am EDT 

Implant Sciences Corp:Has signed an exclusive distribution agreement, worth up to $5 mln, with Ryan Security Technologies Ltd.To manage sales and service of its products throughout all of China.  Full Article

Implant Sciences Corp announces another significant ECAC win
Tuesday, 21 Apr 2015 09:00am EDT 

Implant Sciences Corp and Drugs Trace Detection Solutions:Says company has received an order for 75 QS-B220 explosives trace detection systems in Netherlands.Says systems are expected to be delivered in company's fourth fiscal quarter and will be used for screening passengers and baggage in an airport environment.  Full Article

Implant Sciences Corp receives order for 66 explosives trace detection systems in Norway
Thursday, 16 Apr 2015 10:52am EDT 

Implant Sciences Corp:Says that it has received an order for 66 QS-B220 explosives trace detection systems in Norway.The systems, many of which have already been shipped, are scheduled to be deployed for passenger and baggage screening in an airport environment.  Full Article

Implant Sciences Corp announces restructuring
Wednesday, 15 Apr 2015 01:25pm EDT 

Implant Sciences Corp:Announced restructuring actions to better align costs with current and future geographic revenue sources and to improve efficiencies.The actions, which include increasing outreach and sales and marketing efforts, reducing expenses and other actions to align with our markets, are expected to result in a pre-tax charge of about $200,000 which will be recorded in the quarter ended March 31, 2015.The charge is primarily related to expenses incurred to relocate the San Diego, CA advanced technology office and costs related to closing our Shanghai office and converting our sales model in Southeast Asia from direct selling to in-country distribution.The company expects the restructuring will result in annual pre-tax reductions of about $2 million in annual operating expenses, the benefits of which will begin in the fourth quarter of fiscal 2015, with the full savings expected to be achieved in fiscal 2016.  Full Article

Implant Sciences Corp ships $500,000 follow-on order of QS-B220s
Wednesday, 8 Apr 2015 07:00am EDT 

Implant Sciences Corp:Has shipped follow-on order for about $500,000 of its QS-B220 explosives trace detectors to Kuehne + Nagel, one of the worlds' leading logistics companies.Says QS-B220s will be deployed across total of ten facilities for air cargo screening in U.S. This order follows customer's initial order in 2014.  Full Article

Implant Sciences Corp ships $750,000 of explosives trace detector systems to Asia
Monday, 23 Mar 2015 07:00am EDT 

Implant Sciences Corp:Reported shipment of more than $750,000 in explosives trace detection systems to various customers in Asia.Says shipments include mixture of QS-H150 and QS-B220 systems, and will be deployed in military, aviation security, and critical infrastructure protection applications.  Full Article

Implant Sciences Corp appoints Chief Executive Officer
Tuesday, 20 Jan 2015 09:00am EST 

Implant Sciences Corp:Sasy that Chief Operating Officer William McGann has been named as company's Chief Executive Officer, effective immediately.Dr. McGann replaces Glenn D. Bolduc, who resigned his position on Janu.16 as Chief Executive Officer of company and his seat on company's board of directors.  Full Article

NATO Member Military purchases 18 QS-H150 Explosives Trace Detectors from Implant Sciences Corp
Monday, 24 Nov 2014 07:00am EST 

Implant Sciences Corp:Says it has won a competitive contract for 18 QS-H150s to be shipped to a county in the EMEA region (Europe, the Middle East and Africa).Says the country which made the purchase is a North Atlantic Treaty Alliance (NATO) member nation and will use Implant Sciences' handheld explosive trace detectors in military applications.  Full Article

Implant Sciences Corp receives order from TSA for 1,170 Explosive Trace Detectors
Thursday, 13 Nov 2014 12:11pm EST 

Implant Sciences Corp:Says that the U.S. Transportation Security Administration (TSA) has placed an initial order for 1,170 QS-B220 Desktop Explosive Trace Detectors and ancillary supplies.Systems will be deployed at multiple airports across the country.  Full Article

Implant Sciences Corp signs TSA IDIQ contract for up to $162 mln dollars for explosive trace detection systems
Tuesday, 11 Nov 2014 09:00am EST 

Implant Sciences Corp:Announces that it has entered into an Indefinite Delivery / Indefinite Quantity (IDIQ) contract with the United States Transportation Security Administration (TSA) for its QS-B220 desktop explosives trace detectors.The IDIQ, a necessary prerequisite for competing for TSA's annual trace detection procurements, establishes contract terms under which the TSA could purchase up to $162 million of equipment and services.  Full Article

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