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POSITIVEID In Businessweek For Bid On U$5.7 Billion BIOWATCH Program
Date:6/26/2012

Delray Beach Florida USA (PRWEB) June 26, 2012

DELRAY BEACH, FL – PositiveID Corporation (OTCBB: PSID) an emerging growth company and developer of sophisticated airborne bio-threat detection systems for America’s homeland defense appeared in Bloomberg Businessweek in an article (http://www.businessweek.com/articles/2012-06-21/the-sky-high-price-of-sniffing-out-anthrax) on the estimated $5.7 billion BioWatch procurement by the U.S. Department of Homeland Security (“DHS”).

PositiveID’s M-BAND, its Microfluidics-based Bioagent Autonomous Networked Detector, was developed under contract for the Department of Homeland Security, and is an early warning system designed to detect the intentional release of aerosolized biological agents. William J. Caragol, Chairman and CEO of PositiveID, said, “We believe we are well positioned to compete for Generation 3 of the BioWatch program and we continue to work toward the expected deployment of our bioaerosol detectors. We are extremely proud of our accomplishments in the development of this system over the last eight years, including, we believe, numerous technology advantages, as we have prepared our M-BAND system for this important program for our homeland defense. As one of only two viable solutions for the BioWatch Generation 3 program, and with the proven technology and flexibility to make it work, we believe we are well positioned to participate in this estimated $5.7 billion program.”

PositiveID’s M-BAND runs autonomously for up to 30 days between service cycles, continuously analyzing air samples, typically in high-traffic areas, for the detection of bacteria, viruses, and toxins with results in as little as three hours. Results from individual M-BAND instruments are reported via a secure wireless network in real time. Designed with a high level of operational flexibility, M-BAND can be remotely set to detect for DNA-based pathogens alone, with or without either RNA-based organisms or toxins, or for all three types of pathogens simultaneously at remotely programmable intervals.

About PositiveID Corporation
PositiveID Corporation is an emerging growth company and developer of advanced technologies for diabetes management and rapid medical testing, as well as airborne bio-threat detection systems for America’s homeland defense. Its wholly-owned subsidiary, Microfluidic Systems, or MFS, is focused on the development of microfluidic systems for the automated preparation of and performance of biological assays in order to detect biological threats, as well as analyze samples in a medical environment.

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Safe Harbor Statement

This report includes forward-looking statements covered by the Private Securities Litigation Reform Act of 1995. Because such statements deal with future events, they are subject to various risks and uncertainties and actual results for fiscal year 2010 and beyond could differ materially from the Company’s current expectations.

Forward-looking statements are identified by words such as “anticipates,” “projects,” “expects,” “plans,” “intends,” “believes,” “estimates,” “targets,” and other similar expressions that indicate trends and future events.        

Factors that could cause the Company’s results to differ materially from those expressed in forward-looking statements include, without limitation, variation in demand and acceptance of the Company’s products and services, the frequency, magnitude and timing of paper and other raw-material-price changes, general business and economic conditions beyond the Company’s control, timing of the completion and integration of acquisitions, the consequences of competitive factors in the marketplace including the ability to attract and retain customers, results of the MyC3 initiative and other cost-containment strategies, and the Company’s success in attracting and retaining key personnel. Additional information concerning factors that could cause actual results to differ materially from those projected is contained in the Company’s filing with The Securities and Exchange Commission. The Company undertakes no obligation to revise or update forward-looking statements as a result of new information since these statements may no longer be accurate or timely.

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