Implant Sciences Receives Orders for Explosives Detectors
Orders Over The Past 60 Days Exceed $7M
(Wakefield, Mass., June 10, 2008) -- Implant Sciences Corporation (AMEX: IMX), a high technology supplier of systems and sensors for the homeland security market and related industries, today announced new orders totaling more than $4,200,000 for its Quantum Sniffer(TM) QS-H150 portable explosives detectors. The units are to be delivered to distributors and customers in Asia and Europe.
"Our sales team continues to work very hard with our various distributors and customers, resulting in an all-time high for orders of our security products," stated Phillip C. Thomas, President and CEO of Implant Sciences. "Combined with the $2.7 million in orders announced in our May 29th press release, we have received more than $7.0 million of new business during the past 60 days."
Mr. Thomas added, "One of our ongoing objectives has been to increase sales from existing customers while also adding new geographic locations where we do business. This has been facilitated by recently obtaining the CE mark on the H-150 which has opened the door to sales in locations where that certification is a requirement. These new orders are a partial fulfillment of our diversification goal as we are beginning to see expanded use of our products to help meet security needs in various countries. It should be noted that while we are pleased with these new orders, we recognize much of the volume is being driven by international events in Asia that are somewhat time dependent. Thus, we expect these volumes may not necessarily be sustainable. However, we are encouraged by the growth of the product line in Asia and the corresponding widening of our distribution efforts resulting in further sales in Europe, both of which could have a positive impact on future demand."
Source : Implant Sciences Corp.
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