PSID has the "best of breed" Biothreat detection equipment available today. It was developed with $36 million in government grant money for that purpose. It's called MBAND (Microfluidics-based Bioagent Networked Detector) and it has recently been shipped to UTC to be tested for deployment throughout S. Korea to protect the Army and Air Force in that region. This testing period will end in September 2014.
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It will pass and it's the "best of breed" which is what they stated they are looking for. It's only a matter of time for everything to break loose. MBAND is here. Here's the PO for the MBAND and equipment that was shipped for testing.
content.edgar-online.com
Here's the SEC filing of the agreement
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Also PSID's teaming partner Leidos just received a $4 billion dollar contract with the Dept. of Defense which PSID expects to benefit from. PSID is developing a hand held bio threat detection device called Firefly that will process a test in 20 minutes at point of need. Leidos will grant PSID the development dollars for this.
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PSID just signed an agreement with a NASA division to partner in the testing of the hand held Firefly devise.
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PSID also has an agreement with Boeing concerning the manufacture of the MBAND devices. The high points of the agreement are that Boeing will have the rights to the domestic market for MBAND and PSID has the rights to the international market. And PSID retains all rights domestic and international on the assay and reagent business for MBAND which has to be changed every month. This will be a significant revenue source.
sec.gov
sec.gov
There have been 5 government inquiries about MBAND already in 2014.
"PositiveID has already responded to five government solicitations in 2014 that are direct applications for our M-BAND and Firefly products," continued Mr. Caragol. "Three of the five responses are collaborative efforts with four different large commercial/government customers."
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Here is a June 2012 magazine article which pictures the MBAND units that PSID makes.
businessweek.com
There have been financing deals and the dilution problem is always a factor in penny land. So buyer beware
http ://www.positiveidcorp.com/
SEC Filings
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