PositiveID's E-N-G Mobile Systems Subsidiary Celebrates 40 Years in Business
October 11 2017 - 8:00AM
InvestorsHub NewsWire
ENG has delivered more than 1,500 vehicles to customers around
the world and earned more than $5 million in revenue in 2016
Delray Beach, FL -- October 11, 2017 -- InvestorsHub NewsWire
-- PositiveID Corporation ("PositiveID or "Company")
(OTCQB:
PSID), a life sciences company focused on detection and
diagnostics, announced today that its E-N-G Mobile
Systems, Inc. ("ENG") 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.
About PositiveID Corporation
PositiveID Corporation is a holding company focused on life
sciences, diagnostics, mobile laboratories, and medical devices.
PositiveID's ExcitePCR subsidiary is developing the
FireflyDX family of pathogen detection systems, portable devices
offering rapid sample-to-result detection in less than 30 minutes
using real-time polymerase chain reaction chemistry. PositiveID's
E-N-G
Mobile Systems subsidiary is a leader in the mobile technology
vehicle market, with a focus on the laboratory market and homeland
security. PositiveID's Thermomedics subsidiary markets the
FDA-cleared Caregiver non-contact thermometer for clinical use. For
more information on PositiveID, please visit http://www.psidcorp.com, or connect with PositiveID on
Twitter, Facebook or LinkedIn.
Statements about PositiveID's future expectations, including the
likelihood that PositiveID sold a 49.8% equity interest in ENG to a
strategic partner to help grow the worldwide lab business;
constitute "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, Section 21E of the
Securities Exchange Act of 1934, and as that term is defined in the
Private Litigation Reform Act of 1995. Such forward-looking
statements involve risks and uncertainties and are subject to
change at any time, and PositiveID's actual results could differ
materially from expected results. These risks and uncertainties
include, without limitation, PositiveID's ability to raise capital;
PositiveID's ability to attract and retain customers; as well as
other risks. Additional information about these and other factors
that could affect PositiveID's business is set forth in its various
filings with the Securities and Exchange Commission, including
those set forth in its 10-K filed on March 31, 2017, and 10-Qs
filed on August 14, 2017, May 15, 2017, and November 18, 2016,
under the caption "Risk Factors." PositiveID undertakes no
obligation to update or release any revisions to these
forward-looking statements to reflect events or circumstances after
the date of this statement or to reflect the occurrence of
unanticipated events, except as required by law.
Contacts:
PositiveID Corporation
Allison Tomek
(561) 805-8044
atomek@psidcorp.com