Key Developments: Implant Sciences Corp (IMSC.PK)
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Latest Key Developments (Source: Significant Developments)
Implant Sciences Corp Announces Additional Contract Award in Singapore
Implant Sciences Corp announced that it has made its third sale into Singapore, selling its Quantum Sniffer QS-H150 to a new customer for use in building security at a checkpoint.The Quantum Sniffer QS-H150 utilizes Ion Mobility Spectrometry (IMS) technology, providing fast, accurate detection of trace amounts of a wide variety of military, commercial, and homemade explosives. Built with no radioactive materials and featuring a low-maintenance, self-calibrating, and self-clearing design, the QS-H150 provides very high levels of operational availability. The QS-H150 has been proven to perform well in a wide variety of temperatures and challenging environments, from humid jungles to dry, sand swept deserts. Full Article
Implant Sciences Corp Receives Follow-On Orders For Ten Explosive Trace Detectors To Protect Nuclear Power Plants In Japan
Implant Sciences Corp 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. Full Article
Implant Sciences Corp Receives Follow-On Order From Asian Head Of State
Implant Sciences Corp announced that it has received a follow-on order for its Quantum Sniffer QS-H150 Handheld Explosives Trace Detector from the protection service for an Asian head of state that initially deployed a QS-H150 in 2006. Full Article
Implant Sciences Corp Wins Contract in Nigeria for Explosives Trace Detectors
Implant Sciences Corp announced it has won a competitive contract for the sale of Quantum Sniffer QS-H150 handheld explosives trace detectors to a corporate customer for critical infrastructure protection in Nigeria. Full Article
Implant Sciences Corp Receives Contracts for 12 Explosives Trace Detectors to US Government
Implant Sciences Corp announced the sale of a combination of 12 Quantum Sniffer QS-B220 desktop explosives and drugs trace detectors and Quantum Sniffer QS-H150 handheld explosives trace detectors to several U.S. Government agencies. The 12 units will be deployed for both civilian and military applications in building and facility security. Full Article
Implant Sciences Corp Sells Follow-On Order To Secret Service Organization Of Asian Nation
Implant Sciences Corp announced that it has sold one more Quantum Sniffer(TM) QS-H150 to a friendly Asian nation for use by its secret service organization which protects its heads of state. This is a follow-on order. Full Article
Implant Sciences Corp Wins Defense Contract In Middle East
Implant Sciences Corp announced it has sold four Quantum Sniffer(TM) QS-H150 handheld explosives trace detection systems to the military branch of a Middle Eastern nation. The sale was made by Bahrain-based Building Defence Systems (BDS), Implant Sciences' international distributor. BDS provides intelligent telecommunications systems and security solutions for critical corporate and government infrastructure. BDS has sold technology used by national governments, oil companies, and blue chip organizations in Bahrain, Qatar, the UAE, Iraq, Jordan, Saudi Arabia, Europe and the U.S. Full Article
Implant Sciences Corp Secures Contract For New Air Cargo Screening Customer In Germany
Implant Sciences Corp announced that it has won a contract for four Quantum Sniffer QS-H150 handheld explosives trace detectors to a new customer in Germany. The sale was made through Implant Sciences' German Distributor, D-TeC System Consulting GmbH of Hamburg. The units will be used to inspect air cargo shipments. Full Article
Implant Sciences Corp Continues Sales Into Africa For Corporate Security
Implant Sciences Corp announced it has sold its Quantum Sniffer QS-H150 to another new customer for deployment in Africa. The handheld explosives trace detector was purchased by a European-headquartered global electronics manufacturer for use in corporate security at its facilities in Nigeria. Full Article
Implant Sciences Corp Extends Credit Agreements With DMRJ Group LLC And Converts Portion Of Credit Line Into Convertible Term Loan
Implant Sciences Corp announced that it has renegotiated its credit agreements with its senior secured lender, DMRJ Group LLC. DMRJ has agreed to extend the maturity of all Implant Sciences' indebtedness to March 31, 2013 and has agreed to convert $12 million of its existing $23 million line of credit with Implant Sciences into a senior secured convertible promissory note that is convertible into a new Series H Convertible Preferred Stock. The Series H Convertible Preferred Stock is convertible into Implant Sciences' common stock at a price of $1.09 per share. Detailed information on additional terms of the extension can be found in the Company's Current Report on Form 8-K, which will be filed with the Securities and Exchange Commission by September 11, 2012. Full Article
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