DELRAY BEACH, Fla.- PositiveID Corporation ("PositiveID" or "Company"), a developer of biological detection and diagnostics solutions, today announced that its Firefly Dx system, designed to deliver molecular diagnostic results rapidly at the point-of-need, which could be used for quick Ebola detection, was featured on the Fox news San Francisco affiliate.
"The best way to prevent the spread of the Ebola virus throughout the
world is to detect it as early and quickly as possible, at the source,
and we believe our Firefly system will give us that ability," stated
William J. Caragol, Chairman and CEO of PositiveID. "We are very proud
of the development, design and intellectual property protection
achieved to date for our Firefly system, designed to deliver rapid
molecular diagnostic testing faster, cheaper and exactly where it's
needed."
About Firefly
PositiveID's Firefly Dx is a point-of-need, handheld system designed to deliver molecular diagnostic results using real-time TaqMan(R) PCR
(polymerase chain reaction) chemistry. Firefly is being developed to
meet the growing need in healthcare and molecular diagnostics markets
for more rapid and accurate point-of-need diagnostics that will enable
hospitals, physicians, military personnel, and others to save lives.
Firefly can derive results from a sample in less than 20 minutes, at
the point of need, compared to two to four hours for a lab device,
which would enable accurate diagnostics leading to more rapid and
effective treatment than what is currently available with existing
systems.
About PositiveID Corporation
PositiveID Corporation is an emerging growth company and developer of
biological detection systems for America's homeland defense industry as well as rapid biological testing. PositiveID is focused on the
development of microfluidic systems for the automated preparation of
and performance of biological assays in order to detect biological
threats at high-value locations, as well as analyze samples in a
medical environment. For more information on PositiveID, please visit
http://www.PositiveIDCorp.com.
Statements about PositiveID's future expectations, including, without
limitation, the likelihood that its Firefly Dx system could be used for quick Ebola detection; the likelihood that the best way to prevent the spread of the Ebola virus throughout the world is to detect it as early and quickly as possible, at the source, and the likelihood that
PositiveID's Firefly system will give the Company that ability; and all statements in this press release 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, the Company's ability to target the
bio-threat detection and rapid medical testing sectors; the Company's
ability to raise capital; the Company's ability to complete the
development of its Firefly system; as well as other risks. Additional
information about these and other factors that could affect the
Company's business is set forth in the Company's various filings with
the Securities and Exchange Commission, including those set forth in
the Company's 10-K filed on April 11, 2014, and 10-Qs filed on May 20,
2014, November 19, 2013, and August 14, 2013, as amended August 19,
2013, under the caption "Risk Factors." The Company 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.