WAKEFIELD, Mass., 23 Feb. 2008.Implant Sciences Corp., a manufacturer of advanced security products, plans to sell Core Systems Inc., the company's wholly-owned semiconductor subsidiary. With the approval of the Board of Directors, the company made the formal decision to harvest the value it believes has been created in Core since its acquisition in October 2004.
Phillip C. Thomas, CEO and president explains: "In our continuing efforts to focus the company on our Safety, Security and Defense (SS&D) business, the planned sale of Core meets several of our strategic objectives. Since the acquisition of Core, we have taken steps to grow this semiconductor business unit and consolidate operations in Sunnyvale, Calif., to realize efficiencies and bring a consolidated business unit to the marketplace. Core now presents an attractive acquisition opportunity as a stand-alone business or as an integral component of a strategic buyer."
