PositiveID Corporation™ (“PositiveID”, “PSID” or the “Company”), is a life sciences company focused on detection and diagnostics. PositiveID specializes in the development of microfluidic systems for the automated preparation of and performance of biological assays in order to perform molecular diagnostics to detect biological threats in a healthcare setting or at the point of need. PositiveID is also a leader in the specialty vehicle market and infrared thermometry market. The Company’s Firefly Dx is a point-of-need, handheld, pathogen detection system designed to deliver molecular diagnostic results using real-time PCR (polymerase chain reaction) chemistry. The Company’s wholly owned subsidiary, E-N-G Mobile Systems, Inc. (“ENG”), is a specialty vehicle manufacturer specializing in mobile labs, communications vehicles, command centers and homeland security vehicles. PositiveID’s Caregiver® is an FDA-cleared, clinical-grade infrared thermometer for measurement of forehead temperature in adults, children and infants without contact. PSID has offices in Delray Beach, FL, Concord, CA, and Pleasanton, CA. PositiveID operates in three segments: Molecular Diagnostics, Mobile Labs and Medical Devices.
PositiveID’s product lines are developed from patented and patent-pending technologies addressing large government AND commercial markets with unmet needs. The Company is utilizing its strong partners/customers and distribution network, to grow within the various industries it serves. The Company’s Firefly Dx is targeting the vast molecular diagnostics market, estimated to exceed $45 billion by 2020. Firefly Dx is designed to provide lab-quality results from a sample in less than 30 minutes, at the point of need, compared to two to four hours for a lab device, which would enable accurate diagnostics leading to more rapid and effective treatment than what is currently available with existing systems. The Firefly Dx benchtop prototype system has successfully detected a number of pathogenic organisms including E.coli, influenza, MRSA, MSSA, C. diff and others in less than 30 minutes. The Company’s ENG subsidiary is capitalizing on its long history and track record of revenues, which have averaged $4 million per year for the last decade. ENG is the worldwide leader in mobile labs, having delivered more than 400 of its MobiLab systems to high profile customers around the globe. The Company’s best-of-breed, non-contact Caregiver thermometer is poised to capitalize on the growth of the infrared thermometry market, the fastest growing segment of the global temperature-monitoring device market estimated at $1 billion by 2020, due to the concerns over the spread of highly infectious diseases.
Market Value: $1,969,620 a/o Jul 22, 2016
Authorized Shares: 3,895,000,000 a/o Jul 05, 2016
Outstanding Shares: 17,000,000 a/o Jul 05, 2016
Float: 494,310,663 a/o Apr 06, 2016
Shareholders of Record: 77 a/o Apr 06, 2016
Short Interest: 2,440,733 (2,838.2%) May 31, 2016
Transfer Agent: VStock Transfer LLC
William J. Caragol - Chairman, Chief Executive Officer
Lyle L. Probst - President
Allison Tomek - Senior Vice President Corporate Development
Kimothy Smith, DVM, Ph.D. - Chief Technology Advisor