Implant Sciences (IMX) Sells Certain Non-Strategic Assets; Receives Proceeds of $750K

July 2, 2008 3:33 PM EDT

Implant Sciences Corporation (AMEX: IMX) today announced the execution of a definitive agreement selling certain assets used in the production of coating medical products.

The Company received gross cash proceeds of approximately $750,000 in connection with this sale.

Implant Sciences Corporation engages in the development and acquisition of technologies using ion implantation and thin film coatings for semiconductor and medical device applications in the United States.


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