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Implant Sciences Wins Contract To Protect Another Financial Institution
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Wednesday, July 04, 2012:
Implant Sciences Corporation (OTCQB: IMSC) (PINKSHEETS: IMSC), a high technology supplier of systems and sensors for homeland security and defense markets, today announced it has won a contract to provide units of its Quantum Sniffer™ QS-H150 handheld explosives trace detector to a bank in Singapore. Implant Sciences equipment was chosen due to its non-radioactive source, lower total cost of ownership, and ease of use.
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This sale continues Implant Sciences success with corporate customers that include banks, stock exchanges, hotels, manufacturing plants, and office buildings around the world. Recent financial service shipments include banks in Europe, the Middle East, Africa, and Asia.
"Companies in the financial services industry are particularly aware of security threats, and they are very proactive about protecting personnel and physical assets. We are seeing growing interest and increasing purchases from the banking sector," stated Implant Sciences' Vice President of Global Sales and Marketing, Dr. Darryl Jones. "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 corporate customers."
Glenn Bolduc, Implant Sciences' President and CEO, stated, "As our company grows it is important that we continue to diversify our revenue base between government and commercial customers. 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."
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