In this episode of CEOLIVE.TV we are joined again by Mr. Lyle Probst, President of PositiveID Corp. (PSID), a life sciences company focused on detection and diagnostics.
Mr. Probst discusses the 2017 growth for its ENG Mobile Labs business.
Since PositiveID’s acquisition of ENG in December 2015, ENG has focused strategically on growing the mobile labs segment of its business, with mobile lab bookings representing approximately 40% of overall bookings in 2017. Bookings represent signed purchase orders or contracts received from customers. The Company recognizes revenue on booked contracts once the vehicle is built and delivered to the customer.
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.
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