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Implant Sciences Receives TSA Approval
WILMINGTON, MA, Jan 16, 2013 (MARKETWIRE via COMTEX) --
Implant Sciences Corporation (OTCQB: IMSC), a high technology
supplier of systems and sensors for homeland security and defense
markets, announced today that the U.S. Transportation Security
Administration (TSA) has notified the Company that its Quantum
Sniffer(TM) QS-B220 Explosives Trace Detector has successfully met
the requirements for acceptance onto the Air Cargo Screening
Technology List (ACSTL).
Implant Sciences' President and CEO Glenn D. Bolduc stated, "This
announcement positions Implant Sciences to sell its products into the
U.S. security marketplace, which accounts for approximately 43% of
the world market. We are very proud to receive TSA approval and I
want to congratulate our team and everyone who has worked so hard on
this effort. Implant Sciences now becomes only the third trace
detection manufacturer, and the sole American-owned company, to have
achieved TSA approval. We've been preparing for this day and believe
we have put the right team in place to execute on this significant
opportunity."
Implant Sciences' COO, Dr. William McGann, commented, "The QS-B220
introduces the next generation of explosives trace detection (ETD)
technology. Our roadmap for the future includes new fundamental
detection technologies that will improve sensitivity and reduce false
alarm rates, and new sampling methodologies to extend explosives
detection to a wider range of applications and environments."
About the Quantum Sniffer(TM) QS-B220 Desktop Explosives Trace
Detector
The Quantum Sniffer(TM) QS-B220 uses Ion Mobility Spectrometry to
rapidly detect and identify trace amounts of a variety of military,
commercial, and homemade explosives, as well as drugs. In Air Cargo
Security, its ability to test packages rapidly and safely for trace
explosives is critical for a system that transports millions of
parcels every day. With significantly lower maintenance requirements
than competing systems, the QS-B220 can be deployed for a much lower
total cost of ownership than other approved products. The QS-B220
features several technological breakthroughs:
-- No Radioactive Source. In place of radioactive materials commonly used
in ETD systems, Implant Sciences invented and patented a
non-radioactive ion source. As such, there are no licensing
requirements, special transportation rules, or safety concerns.
-- Automatic Self-Calibration. The system is fully automatic, eliminating
the need for manual calibration procedures common to systems now in
use. Current systems require a skilled technician to manually initiate
recalibration of the equipment.
-- Rapid "Clear-Down". The QS-B220 has been designed to address the
industry's requirements for faster reset times. The Implant Sciences'
design typically resets in seconds.
About Implant Sciences
Implant Sciences develops, manufactures and sells sophisticated
sensors and systems for Security, Safety, and Defense (SS&D) markets.
The Company has developed proprietary technologies used in its
commercial explosive and narcotics trace detection systems which ship
to a growing number of locations domestically and internationally.
Implant Sciences' QS-H150 portable explosives trace detector has
received Qualified Anti-Terrorism Technology Designation and the
Company's QS-B220 desktop explosives and drugs trace detector has
received acceptance onto the Transportation Security Administration's
Air Cargo Screening Technology List and has received a Developmental
Testing & Evaluation (DT&E) Designation by the U.S. Department of
Homeland Security under the Support Anti-terrorism by Fostering
Effective Technology Act of 2002 (the SAFETY Act). For further
details on the Company and its products, please visit the Company's
website at www.implantsciences.com.
Implant Sciences designs and manufacture all its systems in the
United States and considers its commitment to U.S. manufacturing a
core value. The company is currently responsible for more than 70
Massachusetts jobs, more than half of them created in the last two
years. The Company believes that TSA approval of the QS-B220 will
lead to the creation of additional jobs.
Safe Harbor Statement
This press release may contain certain "forward-looking statements,"
as that term is defined in the Private Securities Litigation Reform
Act of 1995. Such statements are based on management's current
expectations and are subject to risks and uncertainties that could
cause the Company's actual results to differ materially from the
forward-looking statements. Such risks and uncertainties include, but
are not limited to, the risks that our explosives detection products
and technologies (including any new products we may develop) may not
be accepted by the Transportation Security Administration or by other
U.S. or foreign government and law enforcement agencies or commercial
consumers of security products; economic, political and other risks
associated with international sales and operations could adversely
affect our sales; our business is subject to intense competition and
rapid technological change; the risks that our markets are subject to
technological change and that our success depends on our ability to
develop and introduce new products; and other risks and uncertainties
described in our filings with the Securities and Exchange Commission,
including its most recent Forms 10-K, 10-Q and 8-K. Such statements
are based on management's current expectations and assumptions which
could differ materially from the forward-looking statements.
Contact:
Implant Sciences Corporation
Company Contact:
Glenn Bolduc
CEO
978-752-1700
Email Contact
or
Investor Contact:
Laurel Moody
646-810-0608
Email Contact
SOURCE: Implant Sciences Corporation
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