Taglich Brothers Initiates Coverage on PositiveID Corporation (OTCQB:PSID) with Speculative Buy Rating - Video Research Alert on InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, July 22, 2013 - New York based investment firm
Taglich Brothers has initiated coverage on PositiveID Corporation (OTCQB:PSID).
Analyst Howard Halpern gives the company a speculative buy rating, and a 12
month target price of $0.30, a premium of 200% to the $0.10 price the day the
report was issued.
InvestmentPitch.com has produced a "video research alert" about PositiveID based
on this report. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "PositiveID" in the search box.
The company develops molecular diagnostic systems for bio-threat detection and
rapid medical testing through its California-based MicroFluidic Systems
subsidiary.
PositiveID's M-BAND system, developed under contract with the U.S. Department of
Homeland Security Science & Technology directorate, is a bio-aerosol monitor
with fully integrated systems for sample collection, processing and detection
modules that continuously analyze air samples for the detection of bacteria,
viruses, and toxins. Results are reported via a secure wireless network in real
time to give an accurate and up to date status for fielded instruments.
The company aims to rapidly complete development of a third generation handheld
biological analysis device call Firefly. After the device is successfully field-
tested, the company will sell single use, patented cassettes containing
reagents. Firefly will provide real-time results in 30 minutes using the TaqMan
PCR protocol. The company believes the target markets for Firefly include
military field deployments, remote areas with limited or no access to
healthcare, border locations and others.
PositiveID, the subcontractor to its licensing partner Boeing, will supply
specifically designed assays and reagents every 30 days for Boeing's M-BAND
automated pathogen detection unit. Taglich Brothers believes revenue potential
for the company by 2020 is substantial, estimating that at least 875 M-BAND
units could be deployed by 2020.
Analyst Howard Halpern stated, "By 2020, we project annual revenue reaching
$31.5 million from monthly sales of reagents to 875 M-BAND units."
Slightly more speculative is how quickly the company's handheld Firefly bio-
detection units will gain acceptance. By 2020, Taglich projects at least 1,000
units will be deployed in the U.S., generating at least $12 million in annual
service revenue.
Taglich cautions that PositiveID shares are most suitable for highly-risk
tolerant investors. The company currently trades at $0.11, below the $0.30
target price, and with 21.2 million shares outstanding, the company is
capitalized at $2.3 million.
For more information about PositiveID, please visit the company's website
www.positiveIDcorp.com or contact Allison Tomek at 561-805-8000 or email
atomek(at)positiveIDcorp.com..
For more information about Taglich Brothers or to obtain a copy of their
extensive research report, please visit the company's website
www.taglichbrothers.com or call 631-757-1500.
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Source: InvestmentPitch via Thomson Reuters ONE
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Datum: 22.07.2013 - 23:41 Uhr
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News-ID 280623
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