Point Roberts, WA - June 6, 2013 (Investorideas.com Newswire)
Investorideas.com, a leader in research for independent investors
presents an exclusive Q&A interview with Mr. William J. Caragol,
Chairman and CEO of PositiveID Corporation (
OTCBB: PSID)
discussing the recent launch of the development of the Firefly Dx
detection system. Firefly is a portable, hand-held, point-of-need
molecular diagnostic system, designed to provide test results from
sample input through reporting of results in less than 15 to 30 minutes
depending on the type of test performed.
Q: Investorideas.com
Firefly is based on technology from your M-BAND
(Microfluidics-based Bioagent Networked Detector) airborne bio-threat
detector; can you explain the evolution of this technology and what
inspired it?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
Throughout meetings with past and potential new customers
representing a variety of different industries, we listened to their
needs and the circumstances they often face including military field
deployments, evolving conditions in remote areas ,agricultural testing,
etc and it became clear that there is a real and pressing need for
portable, handheld, rapid biological testing solutions.
We have been able to evolve and miniaturize the patented technology
advances we’ve achieved in the development of our M-BAND, which is
basically a “lab-in-a-box,” and Dragonfly cartridge based systems to
create a handheld, battery-powered, rapid biological testing system that
can communicate test results from sample purification to final results
in less than 30 minutes to a SMART phone or personal computer.
Furthermore, the system is designed to be easy to use and does not
require a high level of technical expertise to operate.
Q: Investorideas.com
According to your April 29, 2013 press release, Firefly is expected
to quickly process human and agricultural samples to provide accurate
confirmation of biological threats via a smart-phone application. What
is a realistic time frame to see this app available to military in the
field?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
The business strategy that we have employed for our biological
detection technologies in the past and intend to continue moving forward
is to innovate and develop novel technologies for markets in detection
and diagnostics, and to partner with large firms that have a foothold in
the market with scalable manufacturing capabilities. We believe that
with the appropriate funding partner, we could complete the development
of handheld prototypes and cartridges and have the devices ready for
field testing in approximately 12 months.
Q: Investorideas.com
What biological agents can the Firefly Dx system detect?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
The assay format of the Firefly Dx is polymerase chain reaction
(PCR) using Real-time TaqMan® probe-based chemistry and is currently
adapted to detect both DNA and RNA targets. PositiveID is currently
developing diagnostic panels for the Firefly Dx against measles,
respiratory diseases, and Arboviral diseases. Because the Firefly Dx
instrument is a universal cartridge-based system, however, it will be
able to accommodate new assays or panels very rapidly. Some examples of
organisms for which we have previously developed immunoassays include
anthrax, small pox, various forms of influenza, and MRSA, among many
others.
Q: Investorideas.com
Can you give us an update on your M-BAND system and the status of BioWatch Generation 3?
A: Mr. William J. Caragol, Chairman and Chief Executive Officer
As you know, on January 25, 2013, the U.S. Department of Homeland
Security released a draft request for proposal (“RFP”) for Stage 1 of
BioWatch Generation 3. At that time it was announced that the final RFP
for Stage 1 would be released in the government’s third quarter of
fiscal 2013, which ends June 30th. If that timeline holds, the RFP is
expected to be awarded in late 2013 and have a performance period of 18
months. We look forward to the release of the final RFP and will keep
our investors informed of any updates.
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.
http://www.PositiveIDCorp.com
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Contact
PSID:
Allison Tomek
561-805-8000
atomek@positiveidcorp.com
Investorideas.com: 800 665 0411