WILMINGTON, MA — Implant Sciences Corporation (OTCQB: IMSC), a leading manufacturer of explosives trace detection (ETD) and drugs trace detection solutions for homeland security applications, today announced that it has signed an exclusive distribution agreement, worth up to $5 million, with Ryan Security Technologies Ltd. to manage sales and service of its products throughout all of China.
“We are thrilled to partner with Ryan Security to build on and grow our market reach in China,” said Dr. Darryl Jones, Vice President of Global Sales and Marketing. “Ryan has a great reputation and track record of success, which we believe will enable our partnership to leverage the momentum of our ETD technology adoption in the US and Europe to help drive sales in China.”
“We believe that Implant Sciences’ systems represent the best and most advanced ETD system on the market,” said Eric Ryan, President of Ryan Security Technologies. “We are excited to represent Implant Sciences in China. Their ETD systems and capabilities bring best-in-class security technology to the demanding Chinese market and to meet the needs of security operators.”
“China has and will continue to be a large and important market for our company and technology,” added Dr. William McGann, Chief Executive Officer of Implant Sciences Corporation. “We are very excited about the partnership with Ryan and about our company’s future in the Chinese security market as we seek to win sales and grow our global footprint.”
About Implant Sciences
Implant Sciences is a leader in developing and manufacturing advanced detection capabilities to counter and eliminate the ever-evolving threats from explosives and drugs. The Company’s team of dedicated trace detection experts has developed proprietary technologies used in its commercial products, thousands of which have been sold across more than 60 countries worldwide. The Company’s ETDs have received approvals and certifications from several international regulatory agencies including the TSA in the U.S., ECAC in Europe, CAAC and the Ministry of Public Safety in China, Russia FSB, STAC in France, and the German Ministry of the Interior. It has also received the GSN Homeland Security Award for “Best Explosives Detection Solution” two years in a row (2013 and 2014). All Implant Sciences products are recognized as Qualified Anti-Terrorism Technologies by the Department of Homeland Security. For further details on the Company and its products, please visit the Company’s website at http://www.implantsciences.com.
(NOTE: Read the full press release from Implant Sciences.)
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