PositiveID Corporation (fka PSID)

[Krisandtilly]

July 17, 2014

Time line :July 17, 2014

PositiveID Receives New Order to Support M-BAND System for U.S. Government Contract
Order Increases the Value of Existing Department of Defense Contract; PositiveID Increases Revenue/Backlog Estimate to $3.5 Million; Reiterates Revenue Guidance of $4-10 Million Through the End of 2015

DELRAY BEACH, Fla., July 17, 2014 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID" or "Company") (OTCQB:PSID), a developer of biological detection and diagnostics solutions, today announced that it has received a new order from a large government contractor for the continued testing and evaluation of PositiveID's M-BAND (Microfluidic Bioagent Autonomous Networked Detector) in support of an existing U.S. government contract. In keeping with contractual obligations the contractor and program have not been named. As a result of this new purchase order, the company has increased its 2014/2015 revenue and backlog (backlog added to revenue recognized) estimate from $3.3 million to $3.5 million, and is reiterating its revenue guidance of $4-10 million through the end of 2015 (2014 and 2015 combined).

"We view this latest purchase order as another validation of not only our technical capabilities, but also our ability to collaborate with large commercial and government partners, while continuing to execute our strategy," stated William J. Caragol, Chairman and CEO of PositiveID. "We are very pleased to continue the testing of our M-BAND units to protect our nation's warfighters and defenders."


October 10, 2014

PositiveID Corporation and ENSCO Awarded Contract for U.S. Department of Homeland Security SenseNet Program
PositiveID Will Offer Its Firefly Dx System Under the SenseNet Program for Faster, Less Expensive Bio-Threat Detection

DELRAY BEACH, Fla., Oct. 10, 2014 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID") (OTCQB:PSID), a developer of biological detection and diagnostics solutions, today announced that it, in conjunction with its partner, ENSCO, Inc., has been awarded a SenseNet Program contract from the U.S. Department of the Interior on behalf of the U.S. Department of Homeland Security Science & Technology Directorate. The goal of this SenseNet award is to implement faster, less expensive bio-threat detection systems, using existing infrastructure where possible, to provide an added level of security.

As part of this award, PositiveID will offer its Firefly Dx system, which is a point-of-need system designed to deliver molecular diagnostic results using real-time PCR (polymerase chain reaction) chemistry. Firefly is designed to derive results from a sample in less than 20 minutes at the point of sampling, compared to two to four hours for a lab device, which would enable accurate diagnostics leading to more rapid and effective treatment than what is currently available with existing systems, helping to save lives. ENSCO will be responsible for the systems integration and decision support.

"We are pleased to work with ENSCO on this effort for the Department of Homeland Security's SenseNet program," stated William J. Caragol, Chairman and CEO of PositiveID. "We believe our Firefly Dx system, coupled with ENSCO's systems expertise, can provide an ideal solution for the biological detection capabilities that DHS is pursuing."

ENSCO, Inc.

ENSCO, Inc., and its wholly owned subsidiaries represent a $90 million technology enterprise, headquartered in the Washington, D.C., area. For more than 45 years, the ENSCO group of companies has been providing ingenious engineering, science and advanced technology solutions that guarantee mission success, safety and security to governments and private industries around the globe. ENSCO operates in the defense, transportation, aerospace and intelligence sectors. Field offices and subsidiaries, representatives and partnerships are located throughout the United States and around the world. www.ensco.com

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.