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PositiveID's E-N-G Mobile Systems' Year-to-Date Bookings Up 152% from Prior Year
Delray Beach, FL -- October 03, 2017 -- InvestorsHub NewsWire -- PositiveID Corporation (OTCQB: PSID), a life sciences company focused on detection and diagnostics, announced today that its E-N-G Mobile Systems ("ENG") subsidiary year-to-date vehicle bookings at the end of the third quarter of 2017 increased 152% compared to the first nine months of 2016. This increase was driven by bookings during the third quarter of more than $1.5 million.
ENG is a specialty vehicle manufacturer that focuses on building customized mobile laboratories, and has delivered more than 1,500 vehicles since its inception. Bookings represent signed purchase orders or contracts received from customers. The company recognizes revenue on booked contracts once the vehicle is built and delivered to the customer. ENG's bookings through the third quarter of 2017 exceed its full year 2016 bookings, with the largest component of year-to-date bookings representing orders for mobile labs at 43% of total bookings.
ENG's MobiLab line, mobile laboratories for chemical and biological detection, monitoring and analysis, bring these capabilities to the field where they are 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. Customers include the U.S. Environmental Protection Agency, U.S. Department of Labor, U.S. Army, and other public agencies and private companies.
"We are very proud of the ENG team. Their success in booking new business is a tribute to the outstanding vehicles that they custom design and deliver to customers," said William J. Caragol, Chairman and CEO of PositiveID. "We are known for combining application and industry expertise with proven vehicle systems engineering to transform complex ideas into operationally friendly solutions. We believe this sets us apart from the competition and will drive continued growth for our business."
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
