Subject: PSID Major Milestone Achieved Read All About it

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PSID Major Milestone Achieved Read All About it
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Company: PositiveID Corporation (OTCQB: PSID)


Price: 0.001

Change (%): + 0.00 (0.00)

Volume: 47,236,718
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PositiveID Successfully Tests First Bluetooth Version of its Caregiver Thermometer

DELRAY BEACH, Fla., Dec. 05, 2016 (GLOBE NEWSWIRE) - PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced today it has conducted successful testing of the first Bluetooth®-enabled version of its FDA-cleared Caregiver® non-contact, infrared thermometer.

The Company markets its Caregiver thermometer in the fastest growing segment of the global temperature monitoring device market, infrared thermometry. The global market for temperature monitoring devices is forecast to reach 1 billion dollars by 2020, with infrared thermometers experiencing the fastest growth driven in part by concerns over the spread of highly infectious diseases like Ebola, according to Global Industry Analysts, Inc.

Caregiver, which is FDA cleared for clinical use, is a professional grade, infrared thermometer for measurement of forehead temperature in adults, children, and infants, without contact. It delivers an oral-equivalent temperature directly from the forehead in one to two seconds. Since there is no skin contact and Caregiver does not require probe cover supplies, it reduces the risk of cross-contamination, which is an increasing concern, and saves healthcare facilities the cost of covers (as much as $0.05 to $0.10 per temperature), storage space, and waste disposal costs. It is estimated that Caregiver can offer savings of $250 or more per year per device in probe cover supplies alone.

“As non-contact, infrared thermometers grow in use and importance in hospitals and other professional healthcare settings, we aim to offer technologically advanced products that perform better than the competition and save our customers time and money,” said William J. Caragol, Chairman and CEO of PositiveID. “We are on track to launch the Bluetooth version of Caregiver in early 2017.”

The new Caregiver Bluetooth-enabled thermometer uses the latest low energy version Bluetooth 4.0 known as “Bluetooth Smart” for maximum battery life. This new capability of the Bluetooth-enabled version of Caregiver to interface with certain electronic health record systems will be a premium addition to the standard product offering.

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