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| PositiveID Teams with Boeing for Big Profit Potential |
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 Hot Stock to Watch |
Company: PositiveID Corporation (OTCBB: PSID)
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Last:
Price: 0.0215
Change (%): + 0.001 (4.88)
Volume: 545,798 |
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PositiveID Teams with Boeing for Big Profit Potential
On December 20th, 2012, PositiveID Corporation (PSID) announced they have teamed up with The Boeing Company for a licensing agreement that could lead to big profits for both companies. The Boeing Company will manufacture and sell PositiveID's M-BAND bio-threat detection devices in North America, while PositiveID secures reoccurring revenue streams by retaining the rights to sell the reagents and assays for the devices.
What is Bio Watch 3?
Bio Watch Generation 3, a program being procured by Homeland security and estimated to cost 3 billion dollars, involves the deployment and testing of an estimated 2,500 M-BAND units as part of the Department of Homeland Security's Bio Watch Generation 3 program, set to roll out over the next five to six years.
The Power of M-BAND
Appropriately called a “lab in a box”, PositiveID Corporation's M-BAND bio-threat detection devices take up about as much space as a modern industrial fridge. Developed under contract for the Department of Homeland Security Science and Technology Division, M-BAND is a bio aerosol monitor designed to perform sample collection, data processing and detection, continuously analyzing air samples for a range of certain airborne pathogens such as bacteria, viruses and toxins. Since resulting data from individual M-BAND machines gets communicated in real time via a secure wireless network, this system promises to provide accurate and current information to connected field instruments. When operated as an integrated system, an M-BAND network becomes a solid warning system and the foundation of the Bio Watch 3 program.
The current system for analyzing and detecting potential bio-threats requires at least 36 hours and sometimes more before a threat can be identified. The M-BAND system can go from detection to alert in 4 to 6 hours, dramatically faster.
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