PositiveID Corp $PSID CEO Discusses 2017 Highlights for its Molecular Diagnostics Business

Home » CEO Interviews » PositiveID Corp $PSID CEO Discusses 2017 Highlights for its Molecular Diagnostics Business

In this episode of CEOLIVE.TV we are joined again by Mr. William J. Caragol, CEO and Chairman of PositiveID Corp. (PSID), a life sciences company focused on detection and diagnostics.

Mr. Caragol discusses the 2017 highlights for its molecular diagnostics, mobile labs and medical devices businesses.

ExcitePCR/Molecular Diagnostics Highlights

  • Formed ExcitePCR subsidiary to better position FireflyDX for the global, point-of-care diagnostics market
  • Announced a new product under development, the FireflyDX-Portable, a lightweight, real-time pathogen detection system with commercial availability slated for late 2018
  • ExcitePCR’s CEO featured on BioWatch Panel at National Academies of Science, Engineering, and Medicine
  • Detected Ebola virus on its lab-based FireflyDX prototype system
  • Formed ExcitePCR board of advisors with industry and subject matter experts

E-N-G Mobile Systems (“ENG”)/Mobile Labs Highlights

  • Closed strategic investment of $1.5 million in ENG
  • Received $1.2 million purchase order for mobile labs
  • Celebrated 40 years in business
  • Delivered consistent growth in bookings over prior year
  • Expanded service business to offer mobile maintenance and repair

Thermomedics/Caregiver Medical Device Highlights

  • Completed development and commenced production of a Bluetooth-enabled version of the Caregiver® thermometer to connect wirelessly to patient monitoring stations
  • Expanded distribution for Caregiver with National Distribution & Contracting, Inc., and MedPro Associates

He also talks about recent sales growth in Positive ID’s two other key businesses, the Caregiver Thermometer and E-N-G Mobile.

About PositiveID Corp.

PositiveID Corporation is a life science tools and diagnostics company with an extensive patent portfolio. PositiveID develops biological detection and diagnostics systems, specializing in the development of microfluidic systems for the automated preparation of and performance of biological assays. PositiveID is also a leader in the mobile technology vehicle market, with a focus on the laboratory market and homeland security. For more information on PositiveID, please visit www.psidcorp.com, or connect with PositiveID on Twitter, Facebook or LinkedIn.

This CEOLIVE.TV video interview contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company’s current views with respect to future events that involve risks and uncertainties. Among others, these risks include failure to meet schedule or performance requirements of the Company’s contracts, the Company’s ability to raise sufficient development and working capital, the Company’s liquidity position, the Company’s ability to obtain new contracts, the emergence of competitors with greater financial resources, and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur as planned or at all.


Mike Elliott


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Author: Mike Elliott


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