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PositiveID’s E-N-G Mobile Systems Expands Service Business to Offer Mobile Maintenance and Repair(March 20, 2017)
DELRAY BEACH, Fla., March 20, 2017 (GLOBE NEWSWIRE) -- PositiveID Corporation (“PositiveID” or “Company”) (OTC:PSID), a life sciences company focused on detection and diagnostics, announced today that its E-N-G Mobile Systems subsidiary (“ENG”), a specialty vehicle manufacturer, is expanding its service offering to include mobile support and repairs on-call or under a service contract to help its customers minimize vehicle downtime.
Under its previous model, which is the industry standard, customers would be required to take their units out of service and bring the vehicles to an ENG service facility for work to be performed. The downtime can be expensive and have a significant impact on a customer’s business whether news vans, cellular platforms, power utilities, command centers, etc. With its new mobile service, when possible, ENG will bring the repair or maintenance directly to the customer.
ENG designs and builds mobile laboratories, wireless support vehicles (cell-on-wheels and cell-on-light-trucks), radio frequency (“RF”) test platforms, broadcast news vehicles, and other technical vehicles. ENG has delivered more than 1,400 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, and other applications.
ENG’s service business includes repair and maintenance, mast service and sales, Nycoil fabrication, custom mast payload brackets, generator sales and installation, custom metal fabrication, technical vehicle repairs, custom panel engraving, electronics upgrades and sales, cable assemblies, and more.
“Helping our customers keep their vehicles in service as much is possible is key to keeping their businesses running as usual,” stated Lyle L. Probst, President of PositiveID. “Customer satisfaction and world-class service has always been at the core of ENG’s mission, and, we believe, will continue to help us grow our business and attract new customers.”
About PositiveID Corporation
PositiveID Corporation is a life sciences tools and diagnostics company with an extensive patent portfolio. PositiveID develops biological detection and diagnostics systems, specializing in the development of microfluidic systems for the automated preparation of and performance of biological assays. PositiveID is also a leader in the mobile technology vehicle market, with a focus on the laboratory market and homeland security. 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 ENG’s mobile support and repairs on-call keep its customers’ vehicles in service longer and reduce downtime; the likelihood that with its new mobile service, when possible, ENG will bring the repair or maintenance directly to the customer; the likelihood that customer satisfaction and world-class service will continue to help ENG grow its business and attract new customers; 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 specialty vehicle market; the Company’s ability to attract new customers and retain existing customers; 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 12, 2016, and 10-Qs filed on November 18, 2016, August 12, 2016, and May 16, 2016, 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.
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