QualityStocks News - PositiveID Partners with Science Applications International to Pursue Defense Threat Reduction Contracts

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Teaming agreement pairs both companies’ technologies in pursuit of contracts with Defense Threat Reduction Agency

QualityStocks would like to highlight PositiveID, a publicly traded company offering innovative and advanced healthcare and medical solutions, developed from its expanding intellectual property portfolio, designed to address unmet needs in the market. From non-invasive blood glucose monitoring through the creation of novel sensing devices, to rapid and precise biological detection at the point-of-care, PositiveID provides tools and technologies for a better quality of life.

In the company’s news yesterday,

PositiveID has signed a teaming agreement with Science Applications International Corp. (“SAIC”) to pursue indefinite delivery/indefinite quantity contracts with the Defense Threat Reduction Agency (DTRA).

The multiple award contracts support the weapons of mass destruction (WMD) – defeat technology, arms control, and nuclear technology electromagnetic research and development/ survivability and infrastructure programs.

Per the agreement, which combines SAIC’s system engineering and integration capabilities with PositiveID’s bio-threat detection technologies, PositiveID will offer both its Dragonfly™ Rapid MD-x Cartridge-based diagnostic system as well as its M-BAND airborne bio-threat detector.

PositiveID’s Dragonfly system is being developed for an array of biological detection situations and applications, including radiation-induced cell damage within the human body, strains of influenza, and diseases such as E. coli, methicillin-resistant staphylococcus aureus (MRSA) and human papilloma virus (HPV).

M-BAND, developed under contract for the Department of Homeland Security Science and Technology Division, analyzes air samples to detect bacteria, viruses, and toxins with results in as little as two hours. The results from individual M-BAND instruments are reported real-time via a secure wireless network to provide an accurate and up-to-date status for fielded instruments in the aggregate.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.

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