Subject: PSID Successfully Detects GMOs on its Firefly Dx Prototype in Pilot Study with seqID

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PSID Successfully Detects GMOs on its Firefly Dx Prototype in Pilot Study with seqID
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Company: PositiveID Corporation (OTCQB: PSID)


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PositiveID Successfully Detects GMOs on its Firefly Dx Prototype in Pilot Study with seqID

Firefly Dx Prototype Detection of GMOs Is Consistent with Industry-Standard, Lab-Based Equipment

GMO testing is the fastest-growing segment of the total global food-safety testing market, which is projected to reach $19.7 billion by 2018

DELRAY BEACH, Fla. and TORONTO, Dec. 12, 2016 (GLOBE NEWSWIRE) -- PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced today its Firefly Dx polymerase chain reaction (“PCR”) breadboard prototype pathogen detection system (“prototype system”) successfully detected genetically modified organisms (“GMOs”), specifically corn and soybeans, during a pilot study with seqID inc. The results derived by the Firefly Dx prototype system were consistent with the industry-standard, lab-based equipment used to detect the GMOs during the pilot study.

The pilot study is evaluating the use of Firefly Dx to detect genetically modified corn and soybeans at seaports where corn and soybeans are being shipped to countries that limit the percentage of GMOs in the shipment that may be imported. Currently, all such sampling and testing is conducted in a centralized laboratory and may take as long as two weeks, potentially delaying shipment. Firefly Dx would allow a laboratory grade result within 30 minutes at “dock side,” thereby greatly speeding up the shipment time.

During the lab-based testing, the Firefly Dx prototype system detected GMOs in corn and soybeans at amounts below 1%. This level of detection could be useful for stopping shipments containing even very low quantities of GMOs to countries that prohibit them.

“We are very excited by these results, which demonstrate that the Firefly Dx prototype system was able to mirror the results of a much more expensive, lab-based system that is the standard in many facilities,” stated William J. Caragol, Chairman and CEO of PositiveID. “Food safety testing is a huge market, and by showing Firefly Dx’s ability during this pilot study to detect very small amounts of GMOs, we believe that there will be a variety of applications for this system to provide detection quickly and accurately, at the point of need, at a fraction of the cost of existing systems.”

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