PositiveID Corporation was formed on November 10, 2009 through the merger of VeriChip Corporation and Steel Vault Corporation. PositiveID provides unique health and security identification tools to protect consumers and businesses. PositiveID represents the convergence of a pioneer in personal health records and the first and only FDA-cleared implantable microchip for patient identification, VeriChip, with a leader in the identity security space, Steel Vault, focused on access and security of consumers' critical data. PositiveID operates in two main divisions: HealthID and ID Security. The Company's HealthID business is further differentiated into its Human Health division and its Animal Health division. HealthID focuses on bringing innovative health solutions to consumers, animals and businesses based on the company's intellectual property. Through its ID Security segment, the company offers identity theft protection and related services including credit monitoring and reporting through its NationalCreditReport.com website. An integral part of the foundation of PositiveID is its radio-frequency identification (RFID) implantable microchip for patient identification, the VeriChip. The company's RFID microchip traces back to the events of September 11, 2001, when New York firemen wrote their badge ID numbers on their chests in case they were found injured or unconscious. It was evident there was a serious need for personal information in emergency situations and the product, modeled after a similar microchip used in pets, evolved from there. The company received FDA clearance for the microchip in October 2004.