$PSID is a quickly advancing creator of biologica

$PSID is a quickly advancing creator of biological detection and diagnostics solutions. The biosensor industry, to which they are arguably leading, reached a staggering $12.46B in 2013. With a 14.19% compounded annual growth rate (CAGR) the industry stands to be worth $24.19B by 2018. It’s easy to see that the potential growth for a company like PositiveID is astonishing. Bioterrorism, virus outbreaks, and the development of chemical/biological weaponry in unstable countries has largely contributed to these impressive growth rates. This being said, PSID recently released a shareholder update on their website breaking down their expected progress and also their current operations. The company has positioned their M-BAND and Firefly Dx product lines very effectively in the high growth biosensor sector.