The Hunt for the Next 10 Bagger

[zigzagman]

$PSID announced today that its E-N-G Mobile Systems, Inc. subsidiary, a specialty vehicle manufacturer, is celebrating 40 years in business.

ENG got its start in 1977 as a provider of electronic news gathering vehicles in Oakland, California. Soon after its formation, ENG began selling vehicles throughout the country as it became known for building quality vehicles that allowed broadcasters to respond to the increasing need for mobile television news.

As business opportunities evolved, ENG broadened its product line to include vehicles for mobile laboratory, wireless/cellular infrastructure, communications, utilities, and other technical applications. ENG was the first vehicle manufacturer to install a gas chromatography mass spectrometry in a mobile laboratory, which design became the basis for its successful MobiLab™ line of mobile laboratories. ENG has delivered more than 400 MobiLab vehicles and more than 1,500 vehicles total to customers around the world.

“We are very proud of ENG’s 40 years in business, during which time the ENG team has worked to build a strong reputation for reliability, customer service and innovative design,” stated William J. Caragol, Chairman and CEO of PositiveID. “Through ENG’s decades-long track record of engineering and technical expertise it has become a leader in the diverse specialty vehicle industry.”

ENG, which has a video on its website showcasing its capabilities, designs and builds mobile laboratories, wireless support vehicles (cell-on-wheels and cell-on-light-trucks), radio frequency (“RF”) test platforms, custom vehicles for utility companies, broadcast news vehicles, and other technical vehicles. It also offers service and maintenance, including mobile support and repairs on-call or under service contracts to help minimize vehicle downtime.

ENG has delivered more than 1,500 specialty vehicles to customers around the globe, including more than 400 mobile laboratories, 600 broadcast news vehicles, and more than 400 vehicles for cellular, RF, infrared, utilities, and other applications. In June 2017, PositiveID sold a 49.8% equity interest in ENG for approximately $1.5 million to a strategic partner to help grow the worldwide lab business.

https://finance.yahoo.com/news/positiveid-e-n-g-mobile-120000995.html