PositiveID (OTCMKTS:PSID) Making Moves

PositiveID (OTCMKTS:PSID) is looking to set itself up for 2016 by acquiring E-N-G Mobile Systems. E-N-G brings added revenues to PSID with its $4 million per year average for the past 10 years. We think this development could be what gets shares of PSID moving in 2016. This is especially true considering the nice base of support PSID has built at $.02 per share.As you can see from the chart above, when PSID gets going, shares can really take off like they did back in July. Shares consolidated for May and June around $.015 before blasting off 250% to $.05 per share.

Will You Be Ready When PSID Takes Off?

Sign Up Below For Our Free Email Alerts!

Helping to drive shares higher is the acquisition of E-N-G. E-N-G Mobile Systems is a leader in mobile labs, homeland security and communications vehicles. The acquisition of E-N-G will bring additional revenue to PositiveID as well as a highly synergistic technology platform and customer base. Its fastest growing segment has been its mobile labs segment, which includes chemical, biological, nuclear, radiological and explosives testing in the field.

The added value of this acquisition is that PSID can add its proven bio-detection expertise to E-N-G's mobile capabilities. Now PSID can offer customers a turnkey mobile lab system able to conduct analysis and testing at the point of sampling rather than having to take samples back to a central lab for testing.

E-N-G has built quite a name for itself since it was founded by David Glass been in 1988. The company has built a roster of clients ranging from the U.S. military, Fortune 100 companies, the U.S. Department of Homeland Security, local and state governments, television broadcast outlets, and the nation’s foremost laboratories. Over the past 10 years, E-N-G has recorded average unaudited revenues annually of more than $4 million.

According to PSID Chairman and CEO William Caragol:

“This transformational acquisition strengthens our ability to execute our strategy of providing cutting-edge biological detection and diagnostics solutions to address large market needs. The acquisition of ENG will broaden and diversify PositiveID’s revenue base and provide a strong foundation for future growth while we continue the development and testing of our real-time pathogen detection system, Firefly Dx. We believe the combination of the companies will improve our ability to deliver stockholder value."

Monster Pick Coming Soon!

Don't Miss It!

Sign Up Below!

PSID has made a lot of news in the past. The company has a wide patent portfolio and has made agreements with the likes of Boeing for its M-BAND (Microfluidics-based Bioagent Networked Detector) airborne bio-threat detector. The agreement allows Boeing the exclusive license to manufacture and sell PositiveID's M-BAND airborne bio-threat detector for the U.S. Department of Homeland Security. PSID retained exclusive rights to serve as the reagent and assay supplier of the M-BAND systems to Boeing in the U.S. market. PSID also retained the right to sell M-BAND units, reagents and assays in international markets.

PSID's M-BAND, developed under contract for DHS Science and Technology Division, is a bioaerosol monitor with fully integrated systems with sample collection, processing and detection modules that continuously analyze air samples for the detection of bacteria, viruses, and toxins. Results from individual M-BAND instruments are reported via a secure wireless network in real time to give an accurate and up to date status for fielded instruments in the aggregate. When we had the Ebola outbreak, PSID got a lot of attention for its M-BAND instrument. If there are any further scares, it could help drive shares of PSID higher again.

We'll be hearing a lot more about PSID and this deal with E-N-G over the coming days as the newsletter Investor Soup starts talking about PSID. We started receiving emails over the past few days from a Michael Reef about what shares of PSID can do on news. Depending on the reach of Investor Soup, it could create some excitement in shares of PSID in the beginning of January. Keep up to date on the latest on PSID and sign up for our email alert service below.

Disclosure: We own no shares of PSID and have not been compensated for this article.