AUSTIN, Texas, Nov. 13, 2014 (GLOBE NEWSWIRE) -- SmallCapVoice.com, Inc. today announced it conducted a new audio interview with PositiveID Corporation ("PositiveID" or the "Company") (OTCQB:PSID), a developer of biological detection and diagnostics solutions. In the interview, which can be heard at http://smallcapvoice.com/blog/11-12-14-smallcapvoice-interview-with-positiveid-corporation-psid, William J. Caragol, Chairman and CEO of PositiveID, discusses the Company's recent Cooperative Research and Development Agreement ("CRADA") with U.S. Special Operations Command ("USSOCOM") Research, Development, & Acquisition Center, Science & Technology Directorate. The objective of the CRADA is to further develop the Company's Firefly Dx, a real-time PCR (polymerase chain reaction) pathogen detection system, for use across the USSOCOM mission space.
PositiveID's Firefly Dx is a point-of-need, handheld system designed to deliver molecular diagnostic results using real-time PCR chemistry. Firefly Dx is being developed to meet the growing need in military and healthcare markets for more rapid and accurate point-of-need diagnostics that will enable hospitals, physicians, deployed military personnel, and others to save lives. Firefly Dx is designed to derive results from a sample in less than 20 minutes, at the point of need, compared to two to four hours for a laboratory-based device, which could enable accurate diagnostics leading to more rapid and effective treatment at the point of care than what is currently available or non-existent with existing systems.
SmallCapVoice.com is a recognized corporate investor relations firm, with clients nationwide, known for its ability to help emerging growth companies build a following among retail and institutional investors. SmallCapVoice.com utilizes its stock newsletter to feature its daily stock picks, audio interviews, as well as its clients' financial news releases. SmallCapVoice.com also offers individual investors all the tools they need to make informed decisions about the stocks they are interested in. Tools like stock charts, stock alerts, and Company Information Sheets can assist with investing in stocks that are traded on the OTC BB and Pink Sheets. To learn more about SmallCapVoice.com and their services, please visit http://www.smallcapvoice.com/services.html.
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 at high-value locations, as well as analyze samples in a medical environment. For more information on PositiveID, please visit http://www.PositiveIDCorp.com.
Statements about PositiveID's future expectations made in its interview with SmallCapVoice.com, including, without limitation, statements made on its capabilities and opportunities for its Firefly system and its CRADA with USSOCOM, 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 and are subject to change at any time, and PositiveID's actual results could differ materially from expected results. These risks and uncertainties include, without limitation, the Company's ability to target the bio-threat detection and rapid medical testing sectors; as well as other risks. 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 August 14, 2014, May 20, 2014, and November 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.