WASHINGTON, DC/BALTIMORE, MD - Evergreen Advisors' client Pathsensors, Inc., an environmental testing company that manufactures pathogen identification systems is positioning itself for future growth. Recently spun-off from Rockville based Innovative Biosensors Inc. (IBI), Pathsensors is a leading edge biotech company focused on the food testing and biosecurity market. The company recently was awarded a $5 million contract from the Department of Defense.

Pathsensors will be relocating to the UM Biopark, in Baltimore Md., and will utilize a recently completed equity offering for expansion of sales and marketing, automation of quality systems and new product development.

"Pathsensors is an attractive biotechnology company because of its mission critical products that can be used in security and food manufacturing among other areas. Their technology has leapfrogged similar detection systems." Rick Kohr, CEO of Evergreen Advisors.

Pathsensors received an investment from the Chesapeake Emerging Opportunities Club, LLC, which is an early-stage private equity investment fund focused on promising emerging growth companies in the mid-Atlantic region.

"When Pathsensors looked for a financial advisor we turned to Evergreen Advisors. We selected Evergreen for their strength in Biotechnology and their ability to understand our needs. With Evergreen we know that not only would they guide us through the process but also develop a lasting relationship with us." Ted Olsen, President and CEO of Pathsensors.