PositiveID’s E-N-G Mobile Labs Revenues for First Eight Months of 2017 Exceed Full Year 2016 Mobile Labs Revenues by 19%
POSITIVEID CORP COMMON (PSID)
US:NASDAQ Investor Relations:
investors.positiveidcorp.com/investor-relations
Company Research
Source: GlobeNewswire
DELRAY BEACH, Fla., Aug. 22, 2017 (GLOBE NEWSWIRE) -- PositiveID Corporation (OTCQB:PSID), a life sciences company focused on detection and diagnostics, announced today that revenues so far this year for its mobile laboratories at its E-N-G Mobile Systems™ (“ENG”) subsidiary total $1.4 million year-to-date, up almost 19% over mobile laboratories revenues for all of 2016. ENG is a specialty vehicle manufacturer, which has delivered more than 1,500 vehicles, with a focus on building customized mobile laboratories. Not only does ENG’s mobile labs revenue year-to-date exceed mobile labs revenue generated for all of 2016, its mobile lab business has also grown as a percentage of ENG’s total sales. Sales of mobile labs currently represent more than 50% of ENG’s total revenue in 2017 year-to-date, versus 24% in 2016. Although year-to-date mobile laboratory revenues and mobile labs revenue as a percentage of ENG’s total sales currently exceed mobile labs revenue and sales mix for 2016, the
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