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PositiveID Corporation breaks out again for second day. With volume at record levels this made for some fantastic returns for those who have participated. We will keep you posted as developments unfold.
PositiveID`s Firefly Dx System Featured on Fox News San Francisco
President Lyle L. Probst Discusses PositiveID`s Firefly, Designed to Detect Pathogens, Including Ebola, in Less Than 20 Minutes at the Point of Need
DELRAY BEACH, Fla., Aug 07, 2014 (GLOBE NEWSWIRE via COMTEX) — PositiveID Corporation (“PositiveID” or “Company”) (OTCQB:PSID), a developer of biological detection and diagnostics solutions, today announced that its Firefly Dx system, designed to deliver molecular diagnostic results rapidly at the point-of-need, which could be used for quick Ebola detection, was featured on the Fox news San Francisco affiliate. The clip can be viewed at: http://m.ktvu.com/news/news/health-med-fit-science/small-device-can-test-ebol a-15-minutes/ngxFP/
“The best way to prevent the spread of the Ebola virus throughout the world is to detect it as early and quickly as possible, at the source, and we believe our Firefly system will give us that ability,” stated William J. Caragol, Chairman and CEO of PositiveID. “We are very proud of the development, design and intellectual property protection achieved to date for our Firefly system, designed to deliver rapid molecular diagnostic testing faster, cheaper and exactly where it`s needed.”
PositiveID`s Firefly Dx is a point-of-need, handheld system designed to deliver molecular diagnostic results using real-time TaqMan(R) PCR (polymerase chain reaction) chemistry. Firefly is being developed to meet the growing need in healthcare and molecular diagnostics markets for more rapid and accurate point-of-need diagnostics that will enable hospitals, physicians, military personnel, and others to save lives. Firefly can derive results from a sample in less than 20 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.
About PositiveID Corporation
PositiveID Corporation is an emerging growth company and developer of biological detection systems for America`s homeland defense industry as well as rapid biological testing. PositiveID is focused on the development of microfluidic systems for the automated preparation of and performance of biological assays in order to detect biological threats at high-value locations, as well as analyze samples in a medical environment. For more information on PositiveID, please visit http://www.PositiveIDCorp.com.
Statements about PositiveID`s future expectations, including, without limitation, the likelihood that its Firefly Dx system could be used for quick Ebola detection; the likelihood that the best way to prevent the spread of the Ebola virus throughout the world is to detect it as early and quickly as possible, at the source, and the likelihood that PositiveID`s Firefly system will give the Company that ability; and all statements in this press release constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Litigation Reform Act of 1995. Such forward-looking statements involve risks and uncertainties and are subject to change at any time, and PositiveID`s actual results could differ materially from expected results. These risks and uncertainties include, without limitation, the Company`s ability to target the bio-threat detection and rapid medical testing sectors; the Company`s ability to raise capital; the Company`s ability to complete the development of its Firefly system; as well as other risks. Additional information about these and other factors that could affect the Company`s business is set forth in the Company`s various filings with the Securities and Exchange Commission, including those set forth in the Company`s 10-K filed on April 11, 2014, and 10-Qs filed on May 20, 2014, November 19, 2013, and August 14, 2013, as amended August 19, 2013, under the caption “Risk Factors.” The Company undertakes no obligation to update or release any revisions to these forward-looking statements to reflect events or circumstances after the date of this statement or to reflect the occurrence of unanticipated events, except as required by law.
CONTACT: PositiveID Corporation Allison Tomek 561-805-8000 email@example.com
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