Implant Sciences Corp. (OTCQB:IMSC) was featured on CorporateProfile.com Wednesday for its explosives trace detector devices that one micro-cap investor believes could have stopped the would-be-underwear-bomber-turned-CIA informant.
It was reported on Tuesday that the would-be suicide bomber dispatched by the Yemen branch of al-Qaeda last month to blow up a U.S.-bound airliner was actually an agent who infiltrated the terrorist group and volunteered for the suicide mission, U.S. and foreign officials said.
Microcap investor Joe Salvani said he believes Implant's devices could have caught the underwear bomber before he got on the plane.
Implant has two devices currently, a handheld explosives trace detector called the Quantum Sniffer QS-H150, and the Quantum Sniffer QS-B220.
The QS-B220 is a trace detector that uses ion mobility spectrometry to identify a number of military, commercial and homemade explosives and narcotic substances.
The QS-H150 uses no radioactive materials, and rapidly detects trace amounts of a number of military, commercial, and homemade explosives.
On the program, Salvani said he believes the Transportation Security Administration (TSA) is "probably going to quickly review and allow this technology to be used to try and prevent what right now is a gaping hole in our security system getting on planes."
Salvani said that Implant's devices are the only products that could actually sniff out a trace explosive of any type, specifically the pentaerythritol tetranitrate (PETN) that was used in the recent underwear bomber incident, and two years ago in another underwear bomber occurrence on a plane bound for Detroit.
"Supposedly this new technology uses a plastic detonator to [ignite] the powdery substance in the underwear that was supposed to go on the plane," said Salvani.
"Luckily this was a plant and it was a CIA agent, however the master bomb maker is still out there."
Salvani added that almost all the articles that have been written in the last several days say that the TSA system as it is set up, cannot detect explosives.
"As a matter of fact, a congressional report has stated that Implant's Quantum Sniffer can detect PETN and actually would be an ideal product," he concluded.
Implant's QS-H150 devices are used by private companies as well as government agencies to screen baggage, cargo, vehicles, and people for the detection of trace amounts of explosives and narcotics.
In a statement, the company said the majority of these systems will be used for corporate security, a growing market for Implant Sciences.
The company's Quantum Sniffer QS-B220 is a trace detector that uses ion mobility spectrometry to identify a number of military, commercial and homemade explosives and narcotic substances.
It was introduced in May, 2011.
The benchtop explosives and narcotics detector is suited for a number of security settings, including high-traffic airports, borders, and prisons.
Recently, Implant's distributor Guartel Technologies featured the company's Quantum Sniffer QS-H150 and Quantum Sniffer QS-B220 at a Counter Terror Expo in London.
Salvani said he thinks Implant's August 27 anticipated release of a cargo-related detection device is going to boost the company's stock price as high as $3. However, because of the recent underwear bomber news, the company's shares will see an immediate significant boost.
Indeed, Implant's shares skyrocketed 20 percent Thursday, and were trading at $1.14 near market close.