Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Galirayo who wrote (9758)	7/26/2005 12:16:52 PM
From: rrufff	Read Replies (2) \| Respond to of 23958

Hey Ray, funny how that works out. Since that post, HISC turned out to be close to a 100 bagger for me. It is affiliated with IMX and now IMX should go to highs. Here's from today's Boston Globe. Wakefield firm signs major deal with China Agency will buy its bomb detectors By Joe Light, Globe Correspondent \| July 26, 2005 Implant Sciences Corp., which manufactures equipment for the semiconductor, medical device, and homeland security industries, is expected to disclose the largest bomb-detection deal in its 21-year history today. The multimillion-dollar deal will involve the sale of 101 explosive detection units to the Chinese Railway Administration through Implant Sciences' Chinese distributor, Beijing Ritchie's Time Co. Ltd. The terms of the order include a 30 percent advance cash payment, which company officials say they've already received. The handheld devices will be used by Chinese railway police to screen bags for explosives in provinces throughout China, said Implant Sciences chief executive Anthony Armini. The Wakefield company's distributor had been in negotiations with the Chinese government for about six months before the deal was signed, said Joanne Arsenault, vice president of sales and marketing for the company's explosives detection division. The ''Quantum Sniffer" is a handheld explosive detection device that senses trace explosive particles without physically touching the item being inspected. Other explosive detection equipment, such as that used in airports, requires contact with the item. Armini said the company has sold about 30 devices in other countries in the Middle East and Asia, and that the devices cost between $25,000 and $35,000 each. the China deal is by far the largest the company has had to date, he said. Company officials declined to release exact figures for the agreement. Two years ago, Implant Sciences signed a deal with the United States Navy worth about $1.9 million to develop the Quantum Sniffer. Armini said Navy officials are currently testing the device to see whether it would be suitable for checking bags loaded onto military ships or cars entering military installations. ''These do the same things you would do with a bomb-sniffing dog," Armini said. ''People don't realize that the costs from the dog, its handler, and refresher courses cost about $100,000 per year to maintain." The stock of Implant Sciences and other companies like it has skyrocketed since the bombings in London and Cairo. As of last night, Implant Sciences' stock, which trades on the American Stock Exchange, has risen more than 67 percent since opening at $4.09 on July 7. Yesterday, Implant Sciences Corp. rose 74 cents to close at $6.84. Joe Light can be reached at jlight@globe.com.