New York, NY - June 16, 2014 (Investorideas.com Newswire) Investorideas.com, a leader in research for independent investors presents an exclusive Q&A interview with Mr. William J. Caragol, Chairman and Chief Executive Officer of PositiveID Corporation (OTCBB: PSID), a developer of biological detection and diagnostics solutions. Mr. Caragol discusses the current status and opportunities for its bio-threat detection technology and recently announced revenue guidance.

Q: Investorideas.com
On May 27 th you released a corporate update on your contracts for M-BAND and Firefly technologies. Can you give investors the highlights?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
We are very proud of what we have achieved so far in 2014. Our major accomplishments include forming significant partnerships with commercial and federal government organizations, and importantly, revenue generation. In summary, we entered into a contract with a large commercial partner to support a U.S. Department of Defense (“DoD”) contract and test our M-BAND system, which will provide revenue to the Company of $841,000 through September; we announced one of our teaming partners was awarded a prime contract by the U.S. Defense Threat Reduction Agency to conduct research and development to combat weapons of mass destruction; and, more recently, we signed a Space Act Agreement with NASA’s Ames Research Center through which NASA will assess our Firefly technology for potential ground and space applications. When you look back at our releases, the commercial and government partners we are working with are a true “who’s who” in the fields of security and detection.
Q: Investorideas.com
At this point do you see more interest in your M-BAND or Firefly Technologies for contracts and revenue streams and can you give some insight as to why?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
We continue to see interest in both M-BAND and Firefly. M-BAND, which stands for Microfluidic Bio-agent Autonomous Networked Detector, has more of a targeted, albeit significant, opportunity through anticipated multi-billion dollar government programs to detect airborne biological weapons of mass destruction. On the other hand, we believe Firefly, our point-of-need, handheld, molecular diagnostic device, will be able to be used in a multitude of industries, including military/government applications, healthcare and even agricultural applications. As you might expect, these are very large markets as well.
Q: Investorideas.com
Your latest press release on June 11th announced your first ever revenue guidance of $4-10 million. You also stated that $3.3 million is backlogged. This is obviously a transitional period for the company in several ways. Are you starting to see a perception change from the financial community?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
I think we are. We are seeing more interest from strategic partners who see the potential of our products and the markets we are pursuing. The fact that we are generating revenue from a large commercial partner under a government contract and technology license is also noteworthy. We have the ability to execute, our technology and IP portfolio is strong, and we believe we have the partners in place to win major contracts.
Q: Investorideas.com
As a small company receiving contracts from large government agencies including U.S. Department of Defense, U.S. Department of Homeland Security, and Department of Health and Human Services do you attribute your success to the technology or your partnering or both?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
I think our partners are a direct reflection of the quality and differentiators of our technology and the strength and experience of our management team. We are very gratified by the partnerships we’ve established and believe they provide an important validation of what PositiveID has to offer.
Q: Investorideas.com
In May you announced signing a Space Act Agreement with NASA's Ames Research Center to collaborate on testing the Company's Firefly Dx detection system ("Firefly") as a platform for biological research and commercial development for ground and space applications. Can you give our readers the significance of this collaboration and what it means moving forward?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
When an organization with the respect and recognition that NASA has earned wants to work with you and further the development of your technology to see how it may help them in their specific endeavors, it is significant. As we pursue opportunities with other government and commercial entities, having a group like NASA standing by our side makes people take notice. Having third-party support, especially when it comes from a group of world-class scientists, is very important for a small company like PositiveID.
Q: Investorideas.com
In closing, it seems like the company and technology are gaining momentum and traction from some very high profile institutions and agencies; do you think that is a reflection of a renewed sense of urgency to address bio-threats or is it a matter of going through the system and reaping the long term rewards?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
Unfortunately, we’ve witnessed global events that underscore the danger posed by biological weapons of mass destruction. That said, there definitely is a heightened focus on the need for bio-threat detection, and a pick-up in government procurements for these technologies. At the same time, however, it’s not simply a matter of being in the right place at the right time. We have worked diligently to create the necessary partnerships to successfully capture the opportunities ahead of us.
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 and analyze biological samples. For more information on PositiveID, please visit http://www.PositiveIDCorp.com .
Contact
PSID:
Allison Tomek
561-805-8000
atomek@positiveidcorp.com
InvestorIdeas.com is a global news source and research resource covering leading sectors including defense and biodefense, social media, tech, biotech, water, mining and energy.
Follow Investorideas.com on Twitter http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook http://www.facebook.com/Investorideas
Sign up for free news alerts at Investorideas.com
http://www.investorideas.com/Resources/Newsletter.asp
Become an Investorideas.com Member and access our online stock directories listing thousands of publicly traded stocks in leading sectors
http://www.investorideas.com/membership/
Disclaimer/ Disclosure: The Investorideas.com newswire is a third party publisher of news and research as well as creates original content as a news source. Original content created by investorideas is protected by copyright laws other than syndication rights. Investorideas is a news source on Google news and Linkedintoday plus hundreds of syndication partners. Our site does not make recommendations for purchases or sale of stocks or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated by featured companies, news submissions, content marketing and online advertising. Contact each company directly for press release questions. Disclosure is posted on each release if required but otherwise the news was not compensated for and is published for the sole interest of our readers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp . Disclosure: Investorideas has been previously compensated by PSID in the form of cash and 144 restricted shares for participation in the security conference in March plus news p;ublication.
BC Residents and Investor Disclaimer: Effective September 15 2008 - all BC investors should review all OTC and Pink sheet listed companies for adherence in new disclosure filings and filing appropriate documents with Sedar. Read for more info: http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere to regulations of each country.
Statements about PositiveID's future expectations, including without limitation, the likelihood that PositiveID will generate revenue of $4-10 million over the next 18 months, $3.3 million of which is already in backlog; the likelihood that Firefly will be able to be used in a multitude of industries, including military/government applications, healthcare and even agricultural applications; the likelihood that PositiveID has the partners in place to win major contracts; the likelihood that PositiveID has created the necessary partnerships to successfully capture the opportunities ahead of it; 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, including the likelihood that PositiveID will be successful with its submissions for bids and proposals in conjunction with several large commercial partners in response to a pick-up in new U.S. government procurements for bio-threat detection, and are subject to change at any time, and PositiveID's actual results could differ materially from expected results. 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.
New
York, NY - June 16, 2014 (Investorideas.com Newswire)
Investorideas.com, a leader in research for independent investors
presents an exclusive Q&A interview with Mr. William J. Caragol,
Chairman and Chief Executive Officer of
PositiveID Corporation (
OTCBB: PSID),
a developer of biological detection and diagnostics solutions. Mr.
Caragol discusses the current status and opportunities for its
bio-threat detection technology and recently announced revenue guidance.
Q: Investorideas.com
On May 27 th you released a corporate update on your contracts for
M-BAND and Firefly technologies. Can you give investors the highlights?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
We are very proud of what we have achieved so far in 2014. Our
major accomplishments include forming significant partnerships with
commercial and federal government organizations, and importantly,
revenue generation. In summary, we entered into a contract with a large
commercial partner to support a U.S. Department of Defense (“DoD”)
contract and test our M-BAND system, which will provide revenue to the
Company of $841,000 through September; we announced one of our teaming
partners was awarded a prime contract by the U.S. Defense Threat
Reduction Agency to conduct research and development to combat weapons
of mass destruction; and, more recently, we signed a Space Act Agreement
with NASA’s Ames Research Center through which NASA will assess our
Firefly technology for potential ground and space applications. When you
look back at our releases, the commercial and government partners we
are working with are a true “who’s who” in the fields of security and
detection.
Q: Investorideas.com
At this point do you see more interest in your M-BAND or Firefly
Technologies for contracts and revenue streams and can you give some
insight as to why?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
We continue to see interest in both M-BAND and Firefly. M-BAND,
which stands for Microfluidic Bio-agent Autonomous Networked Detector,
has more of a targeted, albeit significant, opportunity through
anticipated multi-billion dollar government programs to detect airborne
biological weapons of mass destruction. On the other hand, we believe
Firefly, our point-of-need, handheld, molecular diagnostic device, will
be able to be used in a multitude of industries, including
military/government applications, healthcare and even agricultural
applications. As you might expect, these are very large markets as well.
Q: Investorideas.com
Your latest press release on June 11th announced your first ever
revenue guidance of $4-10 million. You also stated that $3.3 million is
backlogged. This is obviously a transitional period for the company in
several ways. Are you starting to see a perception change from the
financial community?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
I think we are. We are seeing more interest from strategic
partners who see the potential of our products and the markets we are
pursuing. The fact that we are generating revenue from a large
commercial partner under a government contract and technology license is
also noteworthy. We have the ability to execute, our technology and IP
portfolio is strong, and we believe we have the partners in place to win
major contracts.
Q: Investorideas.com
As a small company receiving contracts from large government
agencies including U.S. Department of Defense, U.S. Department of
Homeland Security, and Department of Health and Human Services do you
attribute your success to the technology or your partnering or both?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
I think our partners are a direct reflection of the quality and
differentiators of our technology and the strength and experience of our
management team. We are very gratified by the partnerships we’ve
established and believe they provide an important validation of what
PositiveID has to offer.
Q: Investorideas.com
In May you announced signing a Space Act Agreement with NASA's
Ames Research Center to collaborate on testing the Company's Firefly Dx
detection system ("Firefly") as a platform for biological research and
commercial development for ground and space applications. Can you give
our readers the significance of this collaboration and what it means
moving forward?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
When an organization with the respect and recognition that NASA
has earned wants to work with you and further the development of your
technology to see how it may help them in their specific endeavors, it
is significant. As we pursue opportunities with other government and
commercial entities, having a group like NASA standing by our side makes
people take notice. Having third-party support, especially when it
comes from a group of world-class scientists, is very important for a
small company like PositiveID.
Q: Investorideas.com
In closing, it seems like the company and technology are gaining
momentum and traction from some very high profile institutions and
agencies; do you think that is a reflection of a renewed sense of
urgency to address bio-threats or is it a matter of going through the
system and reaping the long term rewards?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
Unfortunately, we’ve witnessed global events that underscore the
danger posed by biological weapons of mass destruction. That said, there
definitely is a heightened focus on the need for bio-threat detection,
and a pick-up in government procurements for these technologies. At the
same time, however, it’s not simply a matter of being in the right place
at the right time. We have worked diligently to create the necessary
partnerships to successfully capture the opportunities ahead of us.
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
and analyze biological samples. For more information on PositiveID,
please visit
http://www.PositiveIDCorp.com .
Contact
PSID:
Allison Tomek
561-805-8000
atomek@positiveidcorp.com
InvestorIdeas.com is a global news source and research resource
covering leading sectors including defense and biodefense, social media,
tech, biotech, water, mining and energy.
Follow Investorideas.com on Twitter
http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook
http://www.facebook.com/Investorideas
Sign up for free news alerts at Investorideas.com
http://www.investorideas.com/Resources/Newsletter.asp
Become an Investorideas.com Member and access our online
stock directories listing thousands of publicly traded stocks in leading
sectors
http://www.investorideas.com/membership/
Disclaimer/ Disclosure: The Investorideas.com newswire is a third
party publisher of news and research as well as creates original content
as a news source. Original content created by investorideas is
protected by copyright laws other than syndication rights. Investorideas
is a news source on Google news and Linkedintoday plus hundreds of
syndication partners. Our site does not make recommendations for
purchases or sale of stocks or products. Nothing on our sites should be
construed as an offer or solicitation to buy or sell products or
securities. All investment involves risk and possible loss of
investment. This site is currently compensated by featured companies,
news submissions, content marketing and online advertising. Contact each
company directly for press release questions. Disclosure is posted on
each release if required but otherwise the news was not compensated for
and is published for the sole interest of our readers. More disclaimer
info:
http://www.investorideas.com/About/Disclaimer.asp
. Disclosure: Investorideas has been previously compensated by PSID in
the form of cash and 144 restricted shares for participation in the
security conference in March plus news p;ublication.
BC Residents and Investor Disclaimer: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies
for adherence in new disclosure filings and filing appropriate documents
with Sedar. Read for more info:
http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere
to regulations of each country.
Statements about PositiveID's future expectations, including
without limitation, the likelihood that PositiveID will generate revenue
of $4-10 million over the next 18 months, $3.3 million of which is
already in backlog; the likelihood that Firefly will be able to be used
in a multitude of industries, including military/government
applications, healthcare and even agricultural applications; the
likelihood that PositiveID has the partners in place to win major
contracts; the likelihood that PositiveID has created the necessary
partnerships to successfully capture the opportunities ahead of it;
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, including the likelihood that PositiveID will
be successful with its submissions for bids and proposals in conjunction
with several large commercial partners in response to a pick-up in new
U.S. government procurements for bio-threat detection, and are subject
to change at any time, and PositiveID's actual results could differ
materially from expected results. 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 Investorideas.com 800-665-0411
- See more at: http://www.investorideas.com/CO/PSID/news/2014/06161.asp#sthash.9G7QPnmw.dpuf
New
York, NY - June 16, 2014 (Investorideas.com Newswire)
Investorideas.com, a leader in research for independent investors
presents an exclusive Q&A interview with Mr. William J. Caragol,
Chairman and Chief Executive Officer of
PositiveID Corporation (
OTCBB: PSID),
a developer of biological detection and diagnostics solutions. Mr.
Caragol discusses the current status and opportunities for its
bio-threat detection technology and recently announced revenue guidance.
Q: Investorideas.com
On May 27 th you released a corporate update on your contracts for
M-BAND and Firefly technologies. Can you give investors the highlights?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
We are very proud of what we have achieved so far in 2014. Our
major accomplishments include forming significant partnerships with
commercial and federal government organizations, and importantly,
revenue generation. In summary, we entered into a contract with a large
commercial partner to support a U.S. Department of Defense (“DoD”)
contract and test our M-BAND system, which will provide revenue to the
Company of $841,000 through September; we announced one of our teaming
partners was awarded a prime contract by the U.S. Defense Threat
Reduction Agency to conduct research and development to combat weapons
of mass destruction; and, more recently, we signed a Space Act Agreement
with NASA’s Ames Research Center through which NASA will assess our
Firefly technology for potential ground and space applications. When you
look back at our releases, the commercial and government partners we
are working with are a true “who’s who” in the fields of security and
detection.
Q: Investorideas.com
At this point do you see more interest in your M-BAND or Firefly
Technologies for contracts and revenue streams and can you give some
insight as to why?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
We continue to see interest in both M-BAND and Firefly. M-BAND,
which stands for Microfluidic Bio-agent Autonomous Networked Detector,
has more of a targeted, albeit significant, opportunity through
anticipated multi-billion dollar government programs to detect airborne
biological weapons of mass destruction. On the other hand, we believe
Firefly, our point-of-need, handheld, molecular diagnostic device, will
be able to be used in a multitude of industries, including
military/government applications, healthcare and even agricultural
applications. As you might expect, these are very large markets as well.
Q: Investorideas.com
Your latest press release on June 11th announced your first ever
revenue guidance of $4-10 million. You also stated that $3.3 million is
backlogged. This is obviously a transitional period for the company in
several ways. Are you starting to see a perception change from the
financial community?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
I think we are. We are seeing more interest from strategic
partners who see the potential of our products and the markets we are
pursuing. The fact that we are generating revenue from a large
commercial partner under a government contract and technology license is
also noteworthy. We have the ability to execute, our technology and IP
portfolio is strong, and we believe we have the partners in place to win
major contracts.
Q: Investorideas.com
As a small company receiving contracts from large government
agencies including U.S. Department of Defense, U.S. Department of
Homeland Security, and Department of Health and Human Services do you
attribute your success to the technology or your partnering or both?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
I think our partners are a direct reflection of the quality and
differentiators of our technology and the strength and experience of our
management team. We are very gratified by the partnerships we’ve
established and believe they provide an important validation of what
PositiveID has to offer.
Q: Investorideas.com
In May you announced signing a Space Act Agreement with NASA's
Ames Research Center to collaborate on testing the Company's Firefly Dx
detection system ("Firefly") as a platform for biological research and
commercial development for ground and space applications. Can you give
our readers the significance of this collaboration and what it means
moving forward?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
When an organization with the respect and recognition that NASA
has earned wants to work with you and further the development of your
technology to see how it may help them in their specific endeavors, it
is significant. As we pursue opportunities with other government and
commercial entities, having a group like NASA standing by our side makes
people take notice. Having third-party support, especially when it
comes from a group of world-class scientists, is very important for a
small company like PositiveID.
Q: Investorideas.com
In closing, it seems like the company and technology are gaining
momentum and traction from some very high profile institutions and
agencies; do you think that is a reflection of a renewed sense of
urgency to address bio-threats or is it a matter of going through the
system and reaping the long term rewards?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
Unfortunately, we’ve witnessed global events that underscore the
danger posed by biological weapons of mass destruction. That said, there
definitely is a heightened focus on the need for bio-threat detection,
and a pick-up in government procurements for these technologies. At the
same time, however, it’s not simply a matter of being in the right place
at the right time. We have worked diligently to create the necessary
partnerships to successfully capture the opportunities ahead of us.
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
and analyze biological samples. For more information on PositiveID,
please visit
http://www.PositiveIDCorp.com .
Contact
PSID:
Allison Tomek
561-805-8000
atomek@positiveidcorp.com
InvestorIdeas.com is a global news source and research resource
covering leading sectors including defense and biodefense, social media,
tech, biotech, water, mining and energy.
Follow Investorideas.com on Twitter
http://twitter.com/#!/Investorideas
Follow Investorideas.com on Facebook
http://www.facebook.com/Investorideas
Sign up for free news alerts at Investorideas.com
http://www.investorideas.com/Resources/Newsletter.asp
Become an Investorideas.com Member and access our online
stock directories listing thousands of publicly traded stocks in leading
sectors
http://www.investorideas.com/membership/
Disclaimer/ Disclosure: The Investorideas.com newswire is a third
party publisher of news and research as well as creates original content
as a news source. Original content created by investorideas is
protected by copyright laws other than syndication rights. Investorideas
is a news source on Google news and Linkedintoday plus hundreds of
syndication partners. Our site does not make recommendations for
purchases or sale of stocks or products. Nothing on our sites should be
construed as an offer or solicitation to buy or sell products or
securities. All investment involves risk and possible loss of
investment. This site is currently compensated by featured companies,
news submissions, content marketing and online advertising. Contact each
company directly for press release questions. Disclosure is posted on
each release if required but otherwise the news was not compensated for
and is published for the sole interest of our readers. More disclaimer
info:
http://www.investorideas.com/About/Disclaimer.asp
. Disclosure: Investorideas has been previously compensated by PSID in
the form of cash and 144 restricted shares for participation in the
security conference in March plus news p;ublication.
BC Residents and Investor Disclaimer: Effective September 15 2008 -
all BC investors should review all OTC and Pink sheet listed companies
for adherence in new disclosure filings and filing appropriate documents
with Sedar. Read for more info:
http://www.bcsc.bc.ca/release.aspx?id=6894. Global investors must adhere
to regulations of each country.
Statements about PositiveID's future expectations, including
without limitation, the likelihood that PositiveID will generate revenue
of $4-10 million over the next 18 months, $3.3 million of which is
already in backlog; the likelihood that Firefly will be able to be used
in a multitude of industries, including military/government
applications, healthcare and even agricultural applications; the
likelihood that PositiveID has the partners in place to win major
contracts; the likelihood that PositiveID has created the necessary
partnerships to successfully capture the opportunities ahead of it;
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, including the likelihood that PositiveID will
be successful with its submissions for bids and proposals in conjunction
with several large commercial partners in response to a pick-up in new
U.S. government procurements for bio-threat detection, and are subject
to change at any time, and PositiveID's actual results could differ
materially from expected results. 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 Investorideas.com 800-665-0411
- See more at: http://www.investorideas.com/CO/PSID/news/2014/06161.asp#sthash.9G7QPnmw.dpuf
A live webcast of Mr. Joyce's Wall Street Analyst Forum presentation can be accessed at the following URL: 