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| PSID Signs Distribution Deal with National Sales Firm MedPro |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Last:
Price: 0.0005
Change (%): + 0.00 (0.00)
Volume: 45,086,005 |
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PositiveID’s Thermomedics Signs Distribution Agreement for its Caregiver Non-Contact Thermometer with MedPro Associates
DELRAY BEACH, Fla., Jan. 23, 2017 (GLOBE NEWSWIRE) - PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced today that its Thermomedics Inc. subsidiary (“Thermomedics”), which markets the FDA-cleared Caregiver® non-contact thermometer, has entered into a new distribution agreement with MedPro Associates. MedPro, a national contracted sales firm, will market Caregiver primarily to the alternate site and long-term care markets, along with targeted acute care facilities.
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. Caregiver requires minimal training and is proven as accurate as other methods of clinical thermometry, which include predictive oral/rectal/axillary electronic, infrared tympanic, temporal artery contact scanner, etc. Other temperature monitoring devices may require protective probe covers, intensive technique concentration, which make them prone to mistaken placement or dwell time, and may require replacement metal probes, cords, or other parts.
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.
“MedPro has a long-standing reputation of delivering results due to its strong relationships throughout the healthcare industry over the last decade,” stated William J. Caragol, Chairman and CEO of PositiveID. “We believe that adding MedPro to our distributor portfolio will enable us to increase sales and build a strong pipeline of opportunities for 2017.”
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