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PositiveID (PSID) Issues First-Ever Revenue Guidance Of $4-10 Million Over Next 18 Months As Government Procurements For Bio-Threat Detection Increase


6/6/2014 8:53:25 AM

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DELRAY BEACH, Fla., June 6, 2014 (GLOBE NEWSWIRE) -- PositiveID Corporation ("PositiveID" or "Company") (OTCQB:PSID), a developer of biological detection and diagnostics solutions, announced today that it has submitted bids and proposals in conjunction with several large commercial partners in response to a pick-up in new U.S. government procurements for bio-threat detection. As a result, PositiveID is issuing its first-ever revenue guidance of $4-10 million over the next 18 months, $3.3 million of which is already in backlog.

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