DALLAS, Feb. 17, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring PositiveID Corp. (Nasdaq:PSID). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: http://www.beaconequity.com/i/PSID
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PositiveID Corp. (PSID) develops health and security identification products for distribution to the retail and commercial markets. The Company's lead product is a radio-frequency identification (RFID) implantable microchip designed to provide a wide range of patient information. In October 2004, the Company received Food and Drug Administration (FDA) approval for its patented microchips.
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In the report, the analyst notes:
"The Company's idea is an implantable chip that can link to Internet-based databases containing important information about the individual, including credit, health and government records. This information can be used as the foundation of a national database aligned with the Social Security Administration and public health organizations.
"The chip is remarkably small, approximately the size of a grain of rice. It can be implanted under the skin and contains a 16-digit identifier. The chip does not contain a Global Positioning System (GPS) or any other tracking devices. Unlike other identification systems, the Company's product electronically accesses the Health Link, which is designed to reduce the incidents of theft or unintentional misuse of patient data. The implantation of the chip is safe, reversible and useful in numerous applications and situations. The Company's chip system allows for control of personal health records and other sensitive information, and is more easily protected from theft and fraud than conventional identification methods."
To read the entire report visit: http://www.beaconequity.com/i/PSID
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