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| PSID Sub E-N-G Mobile Systems Sales Orders Skyrocket Up |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Last:
Price: 0.018
Change (%): + 0.0036 (25.00)
Volume: 1,386,507 |
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PositiveID’s E-N-G Mobile Systems’ Orders for Vehicle Production and Modification in Q3 Grew 240% over the First Half of 2016
DELRAY BEACH, Fla., Oct. 18, 2016 (GLOBE NEWSWIRE) - PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced today that purchase orders for vehicle production and modification at its E-N-G Mobile Systems (“ENG”) subsidiary in the third quarter grew 240% over the quarterly average for the first half of 2016.
The largest and fastest growing aspect of ENG’s business over the last decade has been its mobile labs segment, which includes chemical, biological, nuclear, radiological and explosives testing in the field. ENG’s total revenues for the first half of 2016 were 3.3 million dollars.
“ENG is a consistent, steadily growing business, which we are working to further expand, particularly in the mobile labs space where we believe we can easily differentiate ourselves from our competitors who do not offer the same level of scientific expertise and experience,” stated William J. Caragol, Chairman and CEO of PositiveID. “The growth in purchase orders during the third quarter demonstrates that our increased focus on sales efforts is succeeding.”
ENG has built over 400 mobile labs, more than any other specialty vehicle manufacturer, designed for chemical and biological detection, monitoring and analysis. ENG, which has been in business for almost 40 years, distinguishes itself from its competitors with its team of scientists who work in conjunction with the design engineers and shop personnel to deliver the most advanced mobile labs available.
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