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| PSID Soaring with Boeing! |
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 Hot Stock to Watch |
Company:PositiveID Corporation (OTCBB: PSID)
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Last:
Price: 0.0185
Change (%): + 0.0029 (18.59)
Volume: 17,056,121 |
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PositiveID Corporation Enters Into License Agreement and Teaming Agreement With The Boeing Company
PositiveID Provides Boeing an Exclusive License to Manufacture and Sell M-BAND Units for the North American Market; PositiveID Retains Exclusive Rights to be the Reagent and Assay Supplier for the M-BAND Systems
DELRAY BEACH, Fla., Dec. 20, 2012 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID") (OTCBB:PSID), an emerging growth company and developer of airborne bio-threat detection systems for America's homeland defense industry as well as advanced technologies for rapid medical testing and diabetes management, today announced it has entered into a license agreement and a teaming agreement with The Boeing Company ("Boeing"), including a license fee to PositiveID of 2.5 million dollars.
PositiveID's M-BAND, developed under contract for DHS Science and Technology Division, is a bioaerosol monitor with fully integrated systems with sample collection, processing and detection modules that continuously analyze air samples for the detection of bacteria, viruses, and toxins. Results from individual M-BAND instruments are reported via a secure wireless network in real time to give an accurate and up to date status for fielded instruments in the aggregate.
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