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| The news this morning is pretty big, so this one could continue to do well. If you missed the news in my earlier email, keep reading below. |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Last:
Price: 0.0749
Change (%): + 0.0249 (49.80)
Volume: 2,860,65 |
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PositiveID Issues First-Ever Revenue Guidance of 4-10 Million Dollars Over Next 18 Months as Government Procurements for Bio-Threat Detection Increase
DELRAY BEACH, Fla., June 6, 2014 (GLOBE NEWSWIRE) - PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a developer of biological detection and diagnostics solutions, announced today that it has submitted bids and proposals in conjunction with several large commercial partners in response to a pick-up in new U.S. government procurements for bio-threat detection. As a result, PositiveID is issuing its first-ever revenue guidance of 4-10 million dollars over the next 18 months, 3.3 million dollars of which is already in backlog.
The Company has submitted for contract opportunities across multiple agencies, including the U.S. Department of Defense, U.S. Department of Homeland Security and Department of Health and Human Services, to deploy, test, evaluate and/or develop the Company’s M-BAND and Firefly Dx systems.
“As more attention is being paid to the serious need for bio-threat detection technologies and programs, we continue to pursue opportunities with the U.S. government and other organizations to employ the critically important capabilities of our M-BAND and Firefly systems, which, we believe, offer accurate biological detection more rapidly than existing systems,” stated William J. Caragol, PositiveID’s Chairman and CEO. “It has been proven that faster identification of bio-threats enables countermeasures to be instituted more quickly, ultimately reducing casualties and saving lives.”
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