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| Another Big Jump in Sales for PositiveID’s E-N-G Mobile Systems Business in Q3 Grew 70% |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Last:
Price: 0.005
Change (%): + 0.0001 (2.88)
Volume: 5,159,211 |
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PositiveID’s E-N-G Mobile Systems’ Service Business in Q3 Grew 70% over the First Half of 2016
DELRAY BEACH, Fla., Oct. 31, 2016 (GLOBE NEWSWIRE) - PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced today that the service business at its E-N-G Mobile Systems (“ENG”) subsidiary in the third quarter grew 70% over the quarterly average for the first half of 2016, as ENG secured business from government agencies and broadcast companies refurbishing and servicing their vehicles.
ENG designs and builds mobile laboratories, wireless support vehicles (cell-on-wheels and cell-on-light-trucks), radio frequency (“RF”) test platforms, broadcast news vehicles, and other technical vehicles. ENG has delivered more than 1,400 specialty vehicles to customers around the globe, including more than 400 mobile laboratories, 600 broadcast news vehicles, and more than 400 vehicles for cellular, RF, infrared, and other applications.
ENG’s service business includes repair and maintenance, mast service and sales, Nycoil fabrication, custom mast payload brackets, generator sales and installation, custom metal fabrication, technical vehicle repairs, custom panel engraving, electronics upgrades and sales, cable assemblies, and more.
We are very pleased with the seamless integration of ENG into PositiveID, and the continued execution and steady growth of this business in the specialty vehicle market,” said William J. Caragol, Chairman and CEO of PositiveID. “Through the course of 2016, ENG has added new, world-class companies to its customer base, which, we believe, is a testament to ENG’s skilled workforce and best-in-class products and services.”
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