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Re: Prudent Capitalist post# 5398

Tuesday, 01/24/2012 1:15:59 PM

Tuesday, January 24, 2012 1:15:59 PM

Post# of 44472
PSID info

PositiveID Corporation to Launch Clinical Trial of Its Easy Check Non-Invasive Breath Glucose Detection Device This Month
Easy Check Featured Today in Wall Street Journal Story
DELRAY BEACH, Fla., Jan. 5, 2012 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID" or "Company") (OTCBB:PSID), a developer of medical technologies for diabetes management, announced today it will launch the first clinical trial of its Easy Check™ non-invasive breath glucose detection device for people with diabetes later this month. The clinical trial will initially focus on people with type 2 diabetes. Easy Check would eliminate a patient's need to prick his or her finger multiple times per day to get a blood sugar reading.

Currently under development in Israel, Easy Check is a non-invasive breath glucose detection device that measures the level of acetone in a patient's exhaled breath and correlates that acetone level to a measure of blood glucose. The Easy Check technology is based on a patent-pending reagent cell that mixes a patient's exhaled air with a proprietary chemical compound, triggering a chemical reaction. The reaction is measured and software in the Easy Check device then interprets the measurement and correlates the patient's acetone level to the level of glucose in the body.

PositiveID Chairman and CEO William J. Caragol, said, "Our development of Easy Check continues to progress well as evidenced by the imminent launch of our first clinical trial of this potentially revolutionary product later this month. Easy Check could provide a means for people with diabetes to eliminate the pain associated with taking blood glucose readings, therefore facilitating more frequent testing and improved management of this growing disease."

Easy Check was featured in a Wall Street Journal story today: http://blogs.wsj.com/health/2012/01/05/personal-technology-walt-mossberg-on-wireless-enabled-glucometer/

In November 2011, PositiveID received FDA clearance for iglucose™, a mobile health system for diabetes management. The Company is currently developing Easy Check, GlucoChip™, a continuous glucose-sensing microchip, and the iglucose™ glucometer, a blood glucose meter with PositiveID's FDA-cleared iglucose technology built inside the device.

iglucose uses wireless technology to empower individuals with diabetes to be more engaged in the self-management of their condition by eliminating the need to keep manual logbooks. iglucose connects to market leading, data capable glucometers to wirelessly and seamlessly communicate blood glucose readings to the iglucose diabetes management portal, where, with the user's consent, glucose readings can be shared automatically with family members, caregivers and healthcare professionals via text message, email or fax.

More than 25 million children and adults in the U.S. have diabetes, or over 8 percent of the population, according to the 2011 National Diabetes Fact Sheet. The CDC predicts that nearly 30 percent of children born after the year 2000 will develop diabetes. The lifetime risk of developing diabetes for those born in the year 2000 is 35 percent. The total cost of diagnosed diabetes in the U.S. is estimated at $200 billion.