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Friday, 07/28/2017 10:12:52 AM

Friday, July 28, 2017 10:12:52 AM

Post# of 54867
$PSID announced that its E-N-G Mobile Systems (“ENG”) subsidiary bookings for the first half of 2017 increased 158% from the first half of 2016 to $2.4 million. ENG is a specialty vehicle manufacturer, which has delivered more than 1,500 vehicles, with a focus on building customized mobile laboratories.

Bookings represent signed purchase orders or contracts received from customers. PositiveID recognizes revenue on booked contracts once the vehicle is built and delivered to the customer. More than half of ENG’s bookings for the first half of 2017 are for its MobiLab™ mobile lab vehicles.

The MobiLab line brings chemical and biological detection, monitoring and analysis to the field where it is needed most. ENG has delivered more than 400 MobiLabs to customers around the globe, with applications ranging from general purpose and chemistry labs to BSL3-ready and full CBRNE (chemical, biological, radiological, nuclear and explosives) threat detection and analysis.

“As ENG’s business continues to expand, we believe we are making significant strides in becoming the industry’s ‘go-to’ provider of mobile labs,” said Lyle L. Probst, President of PositiveID. “We set ourselves apart from our competitors with our team of trained scientists and engineers on staff, which makes this segment of the specialty vehicle business is a natural fit for us.”

In addition to its mobile labs, ENG also designs and builds wireless support vehicles (cell-on-wheels and cell-on-light-trucks), radio frequency test platforms, broadcast news vehicles, and other technical vehicles.

https://finance.yahoo.com/news/positiveid-e-n-g-mobile-123000986.html

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