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| PSID is on fire...still. Up another 21% today. That means since the big acquisition news last week the stock is up 47% and it still has not hit the high of the year! |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCQB: PSID)
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Close:
Price: 0.0346
Change (%): + 0.0041 (13.44)
Volume: 16,868,418 |
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PositiveID Enters Into Agreement to Acquire Thermomedics Inc. and the Caregiver(R) Non-Contact Thermometer
Acquisition is expected to strengthen PositiveID’s FDA and manufacturing capabilities, and enhance distribution channels into synergistic federal and commercial healthcare customers.
DELRAY BEACH, Fla., Oct. 21, 2015 (GLOBE NEWSWIRE) - PositiveID Corporation (“PositiveID”) (OTCQB:PSID), a developer of biological detection and diagnostics solutions, announced today that it has entered into an agreement to acquire the capital stock of Thermomedics, Inc. (“Thermomedics”), which manufactures and markets the FDA-cleared Caregiver® non-contact clinical-grade thermometer. This acquisition is a part of PositiveID’s overall growth strategy to add revenue-generating, complementary products with significant market penetration potential to its portfolio. PositiveID will continue to look at other opportunities to execute this growth strategy.
The Caregiver thermometer was developed by the inventors of tympanic thermometry and is the world’s first non-contact device with TouchFree™ technology. Caregiver is a clinical-grade, infrared thermometer for measurement of forehead temperature in adults, children, and infants, without contact. Since there is no skin contact and Caregiver does not require probe cover supplies, it reduces the risk of cross-contamination and saves the healthcare facility the cost of covers (as much as $0.05 to $0.15 per temperature), storage space, as well as waste disposal costs.
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