Implant Sciences Signs Deal for Up to $5M with Ryan Security
WILMINGTON, Mass., June 1, 2015 /PRNewswire/ — 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.”