Implant Sciences Corp. (IMSC.OB) A Stock to Buy?
Implant Sciences Corp. (IMSC.OB), has made it onto our our radar as a penny stock worth watching in the coming weeks. Both price and volume hassd been steadily increasing over the last month as the Company has seen some nice developments occur. The stock is up 40% over the last 10 days and may still have some room as selling pressure doesn’t seem to be a problem just yet.
The Company manufactures and sells sophisticated sensors and systems for Security, Safety, and Defense (SS&D) markets. The Company has developed proprietary technologies used in its commercial explosive and narcotics trace detection systems which ship to a growing number of locations domestically and internationally. Implant Sciences’ QS-H150 portable explosives trace detector has received Qualified Anti-Terrorism Technology Designation and the Company’s QS-B220 benchtop explosives and narcotics trace detector has received a Developmental Testing & Evaluation (DT&E) Designation by the U.S. Department of Homeland Security under the Support Anti-terrorism by Fostering Effective Technology Act of 2002.
Recent Implant Sciences Corp News
The Company recently announced that the Colombian National Police has selected Implant Sciences explosives trace detection equipment as part of the security plan for the Summit of the Americas. Both the Quantum Sniffer QS-H150 handheld explosives trace detectors and the Quantum Sniffer QS-B220 benchtop narcotics and explosives trace detectors will be used at the Sixth Summit of the Americas, where 34 heads of state and government of the Americas will convene in Cartagena, Colombia on April 14 and 15, 2012.
Implant Sciences systems will be deployed at entry checkpoints as the primary explosives screening mechanism for people, bags, and briefcases in a layered security environment.
The Summit of the Americas are institutionalized gatherings of the heads of state and government of the Western Hemisphere where leaders discuss common policy issues, affirm shared values and commit to concerted actions at the national and regional level to address continuing and new challenges faced in the Americas.
IMSC also announced that it has been issued patent number 8,122,756 from the US Patent and Trademark Office. The patent, titled, “Narcotics and Explosives Particle Removal System,” covers a method for removing particles from a target surface to increase sample collection. This was the the 12th patent that the Company has been issued.
Source: Market Wire