Implant Sciences Corp (PINK:IMSC) said on Monday that it has won a contract to provide units of its Quantum Sniffer QS-H150 handheld explosives trace detector product to a bank in Singapore.
The supplier of systems and sensors for homeland security and defense
markets said its equipment was chosen due to its "non-radioactive
source", lower total cost of ownership and ease of use.
The deal expands on the company's already growing corporate customer
base, which includes banks in Europe, the Middle East, Africa and Asia,
as well as stock exchanges, hotels, manufacturing plants, and office
"Companies in the financial services industry are particularly aware
of security threats, and they are very proactive about protecting
personnel and physical assets," said the company's VP of global sales
and marketing, Dr. Darryl Jones.
"We are seeing growing interest and increasing purchases from the
banking sector. We find that the easy-to-use and low total cost of
ownership design of Implant Sciences'
products, combined with the freedom from the worry, cost, and
regulatory burden of a radioactive source is especially attractive to
makes and sells sophisticated sensors and systems for security, safety,
and defense markets. Its narcotics and explosives detection systems are
used by private companies as well as government agencies to screen
baggage, cargo, vehicles and people.
The company's QS-H150 portable explosives trace detector has received
Qualified Anti-Terrorism Technology designation and its other main
product, the QS-B220 desktop explosives and drugs trace detector, has
received a Developmental Testing & Evaluation designation by the
U.S. Department of Homeland Security.
"As our company grows, it is important that we continue to diversify
our revenue base between government and commercial customers," said
Implant's president and CEO, Glenn Bolduc.
"This serves to increase the total available market for our
technology and reduces the reliance on any one sector. Both government
and commercial entities have security requirements that include
explosives trace detection, and today's announcement proves that we
continue to win contracts in both markets."
Last week, the company made front page in the June issue of
Government Security News as an emerging global player in the explosives
The print edition of Government Security News has a circulation of 35,000, and more than 80,000 page views per month online.
In the latest issue, the article chronicles Implant’s evolution into a
homeland security focused company led by an "impressive roster of top