WAKEFIELD, Mass.--(BUSINESS WIRE)--Sept. 21, 2006--Implant Sciences Corporation (AMEX: IMX) a developer and manufacturer of products for national security, medicine and industry, announced that it will unveil its Quantum Sniffer(TM) H-150 handheld explosives detection device at the ASIS International 52nd Annual Seminar & Exhibits, the world's most comprehensive educational and networking event in the security industry at the San Diego Convention Center in San Diego, California. The Exhibit is designed for and by security professionals, and runs from September 25 through September 28. Senior management, sales representatives and investor relations personnel from Implant Sciences will be located at booth 1567 on the exhibit floor.
Joanne Arsenault, Implant Sciences' VP of Sales & Marketing-Security Division, stated, "Our newly improved H-150 handheld explosives detection device, using the Company's proprietary Quantum Sniffer technology, is lighter and more compact. We believe the improved features of the H-150 should result in greater ease of maintenance and manufacturing efficiencies. We expect that production costs for the H-150 should be lower, translating into improved margins. ASIS was chosen as the venue for the official product launch as it should provide the Company with exposure to what we believe is the largest gathering of consumers of explosives detection products and technology. We encourage security professionals and the investment community to sign-up for the Exhibit at www.asisonline.org and meet with our Company representatives at booth #1567."
Dr. Anthony J. Armini, President and CEO of Implant Sciences, added, "As we now enter our second full year of sales of our Quantum Sniffer explosives detection products, we are pleased to have the opportunity to launch our much improved handheld explosives detection device. We believe we can leverage our established distribution channel with a product that should improve the ease of use and reliability for our customers while providing the Company improvements in anticipated gross margins. Over the past year, we have been successful in obtaining approximately $6.1 million in government awards related to explosives detection technology, including the development of a next-generation passenger portal and delivery of devices to detect explosives located in vehicles and remote locations. We believe this should provide us a rich product pipeline that could meet the ever growing security needs by government, military and private sector consumers. We look forward to an exciting fiscal 2007 and continued growth within our security business."
Implant Sciences, incorporated in 1984, is using its core ion technology to develop, manufacture and market products for the homeland security, semiconductor and medical device industries. The Company has developed and commercialized portable and bench-top detection devices to identify explosives which are distributed under the Quantum Sniffer(TM) brand name. The Company also provides state of the art ion implantation and wafer analytical services for the semiconductor industry. The Company also develops, manufactures and sells radioactive products for the treatment of cancer, including sales of radioactive seeds for the treatment of prostate cancer and development of a new, FDA approved radioactive source for use in the treatment of breast cancer. For further details on the Company and its products please visit the Company's website at www.implantsciences.com.