Struggling explosive-detection technology company Implant Sciences Corp. bought more time to pay its debt.

The Wilmington, Massachusetts-based company develops and manufactures detection devices for explosives and drugs. Implant's products are used by the Transportation Security Administration (TSA) in the U.S., STAC (Service Technique de L'Aviation Civile) in France, German Ministry of the Interior and Ministry of Public Safety in China. The company's products are deemed "qualified anti-terrorism technologies" by the U.S. Department of Homeland Security. 

Subscribe Now

Complete access to real-time information and analysis of news and trends in the industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.