ENG's new drone initiative to enable real-time communication in
challenging environments and help deliver market edge
Delray Beach, FL -- October 17, 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, now uses advanced drone technology to offer
all-inclusive command and control centers and utility operations
vehicles with real-time communication capabilities.
"Using drones in conjunction with our command and communications
vehicles and trailers is another example of ENG's ability to
innovate through emerging technologies to offer best-in-class
solutions," said Kent Murray, Chief Operating Officer of ENG.
"Although ENG has been in business for 40 years, ENG's skilled team
of engineers and fabricators continually seeks the newest, most
advanced products to be the premier supplier of value-added,
specialty vehicles."
Among other applications such as surveying construction sites
and disaster areas, ENG's emerging technologies group is now
designing and building vehicles that incorporate drones for the
utilities industry to inspect power transmission lines,
communication lines and pipelines. ENG is also developing mobile
command and control vehicles to be used in conjunction with its
drone deployment system, which can be incorporated into an existing
vehicle or trailer. To help ensure customer satisfaction and
adoption, ENG provides technical support to field personnel through
training and education programs to ensure its customers are fully
versed on a vehicle's full potential.
ENG's use of drone technology is an effort to stay on top of
industry trends as the market may be ripe for adoption. According
to a January 2017 report by Electric Light & Power magazine,
"Traditional activities performed by utilities organizations
include line inspections and maintenance, storm damage assessment
and more. These assessments were at one point performed by
helicopters and third-party inspection services. Not anymore. With
tight profit margins and safety an utmost concern, drones ensure
both efficiency and situational awareness, as well as the ability
to identify easily avoidable problems on the horizon, such as
loosening electrical cables, missing screws and more."
A May 2017 article from Droneblog.com notes that it can cost as
much as $3,500 for a helicopter or $3,300 for a four-man crew to do
an inspection or repair job for a hydroelectric generator under
difficult conditions. However, with a drone, the cost can be as low
as $300 by comparison. As such, ENG is making this proactive move
to incorporate new technological solutions to help gain a market
edge.
Moreover, ENG intends to deliver other products using drone
functionality in the near term as the drone market continues to
expand. A recent research report from Goldman Sachs predicts drone
market growth will significantly accelerate in coming years,
reaching a global annual sales footprint of $100 billion by 2020.
The report states, "The fastest growth opportunity comes from
businesses and civil governments. They're just beginning to explore
the possibilities, but we (Goldman Sachs) expect they'll spend $13
billion on drones between now and 2020, putting thousands of them
in the sky."
ENG, which has posted a video on its website showcasing its new
drone-incorporation 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.
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 enable real-time communication in challenging
environments and help deliver market edge; the likelihood that
using drones in conjunction with ENG's command and communications
vehicles and trailers is another example of its ability to innovate
through emerging technologies to offer best-in-class solutions; the
likelihood that ENG's use of drone technology is an effort to stay
on top of industry trends and the market may be ripe for adoption;
the likelihood that ENG intends to deliver other products using
drone functionality in the near term; 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.
Contact:
PositiveID Corporation
Allison Tomek
(561) 805-8044
atomek@psidcorp.com