$PSID The M-BAND was developed with $30 million in developmental funding from the U.S. Department of Homeland Security, meaning that the public sector is already placing large bets on the ingenuity of PositiveID Corp. The company feels that getting their foot in the door with the Department of Homeland Security, so to speak, could lead to strong positioning for next-generation bio-detection programs through the government moving forward. This is the company’s bio-threat detection product. The company has been paid $2.5M by Boeing in a license and teaming agreement that gives Boeing exclusive manufacturing and distribution rights for the M-BAND in the U.S. PositiveID Corp. will be the exclusive provider of reagents and assays for the M-BAND to Boeing. This could develop nice revenue streams down the road. PositiveID Corp. is making large contracts in both the private and public sectors.
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