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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCBB: PSID)
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Last:
Price: 0.096
Change (%): + 0.0222 (30.08)
Volume: 8,057,345 |
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PositiveID Signs Agreement With Unit of UTC Aerospace Systems for U.S. Government Contract
DELRAY BEACH, Fla., March 31, 2014 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID" or "Company") (OTCQB:PSID), a developer of biological detection and diagnostics solutions, is proud to announce that it has signed a contract with UTC Aerospace Systems' ISR & Space Systems unit to support a contract for the U.S. Department of Defense ("DoD"). This contract is expected to be performed over the next seven months, between March and September, 2014.
This contract will support the DoD Joint United States Forces Korea Portal and Integrated Threat Recognition ("JUPITR") Program, which is intended to detect biological threats in order to protect our nation's warfighters and allies. The JUPITR program will test and evaluate PositiveID's biological detection and identification technology called M-BAND (Microfluidic Bioagent Autonomous Networked Detector). The assessment will baseline performance, reliability, maintainability, ease of use, and cost of operation to provide the "best of breed" and most affordable options for the U.S. Army and U.S. Air Force.
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