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| News Alert: PSID Adds Industry Vet as President |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Price: 0.0715
Change (%): + 0.0001 (0.14)
Volume: 14,700 |
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PositiveID Corporation Appoints Lyle L. Probst President
Mr. Probst Has 15 Years of Managerial Experience in the Bio-Detection Field, Including Time at Lawrence Livermore National Laboratory and SAIC
DELRAY BEACH, Fla., April 21, 2014 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID" or "Company") (PSID), a developer of biological detection and diagnostics solutions, announced today that it has appointed Lyle L. Probst President of the Company. Mr. Probst, who has 15 years of managerial experience with large bio-detection programs and products, joined PositiveID in 2011 at the time that PositiveID acquired Microfluidic Systems, based in Pleasanton, CA.
Before joining Microfluidic Systems, Mr. Probst directed bio-detection programs at Lawrence Livermore National Laboratory ("LLNL"). He managed a series of bio-detection programs such as the Department of Homeland Security Science & Technology BAND (Bioagent Autonomous Networked Detector) program, and the development and deployment of BioWatch Generation 1 laboratory at LLNL, and was principal investigator/developer of the high-throughput BioWatch mobile laboratory at LLNL as an employee of SAIC. Mr. Probst was previously the Director of Capillary Electrophoresis and Director of Chemistries at the Joint Genome Institute. He holds a B.S. in Biology and an M.B.A in Executive Management.
"Over the past three years, our team has accomplished several significant milestones, including teaming with major government contractors, receiving a 2.5 million dollar license fee from a large partner, and last month entering into a strategic contract to demonstrate our M-BAND product in a Defense Department program," Probst stated. "I am confident that our best-in-class technology, partners, and capabilities position us well for success."
William J. Caragol, Chairman and CEO of PositiveID, said, "Lyle's performance and results speak for themselves. I am proud of what Lyle and the team have achieved and we are eager to reach the major goals we've set for 2014 and beyond."
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