Implant Sciences Awarded GSA Schedule Contract
Increased Opportunities for Sales to Federal, State, and Local Government Agencies; Expected to Reduce Contracting Time
(Wakefield, Mass., August 6, 2008) -- Implant Sciences Corporation (AMEX: IMX), a high technology supplier of sophisticated systems and sensors for the homeland security market and related industries, today announced the General Services Administration ("GSA") has awarded the Company a GSA Schedule Contract for Schedule 84: Total Solutions For Law Enforcement, Security, Fire, Rescue, and Emergency/Disaster Response. The GSA Schedule, contract number GS-07F-0490U, allows Implant Sciences to provide its Quantum Sniffer(TM) QS-H150 Portable Explosives Detector to a wide range of government agencies as an approved, preferred vendor, and expedites the process of obtaining government purchases for its QS-H150 explosives detection system. The GSA Schedule is for an initial period of five years and the Company intends to begin quoting GSA contract prices and terms immediately.
According to GSA, purchases by government agencies off Schedule 84 totaled $2.2 billion in FY2007 with about $110 million in purchases of products in categories in which Implant Sciences expects to participate in the near term. In September 2007, the White House issued Homeland Security Presidential Directive/HSPD-19, which called for "...the development of a national strategy and implementation plan on the prevention and detection of, protection against, and response to terrorist use of explosives in the United States." Implant Sciences believes that, in today's world, explosives detection has become increasingly important for the safety and security needs of many nations.
"In light of Presidential Directive/HSPD-19, the fact that terrorism events continue around the world, and government agencies at all levels are looking for new, effective security systems, we are very pleased to have been awarded a GSA Schedule Contract," said Phillip C. Thomas, President and CEO of Implant Sciences. "Obtaining a GSA Schedule Contract is expected to provide us with significant product sales opportunities within federal, state and local government agencies and contribute to our overall presence in the government market. Obtaining this broad-based contract is a key milestone in our growth strategy and as our product line grows, we expect to add additional products to the contract. We look forward to this opportunity to provide a wide range of U.S. government agencies with the same cost-effective solutions we believe are valued by our existing international and domestic customers."
Source : Implant Sciences Corp.
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