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Intelligent Bio Solutions Inc INBS

Intelligent Bio Solutions Inc. is a life sciences company. The Company is engaged in developing non-invasive, real-time monitoring and diagnostic tests for patients and their primary health practitioners. It operates through two segments, namely Commercially available Intelligent Fingerprinting Products (IFPG) and Development Stage Saliva Glucose Biosensor Platform (SGBP). Its product portfolio includes a portable drug screening system that works by analyzing fingerprint sweat using a one-time cartridge and portable handheld reader and also includes a development stage range of biosensor- based Point of Care diagnostic tests (POCT) that are developed in the modalities of clinical chemistry, immunology, tumor markers, allergens, and endocrinology. Its product candidate is the Saliva Glucose Biosensor (SGB), a POCT expected to substitute the finger pricking invasive blood glucose monitoring for diabetic patients. Its Biosensor Platform helps to detect multiple biological analytes.


NDAQ:INBS - Post by User

Post by averagepennieson Sep 21, 2023 9:30am
29 Views
Post# 35647105

Intelligent Bio Solutions Successfully Debuts Intelligent

Intelligent Bio Solutions Successfully Debuts Intelligent

NEW YORK, Sept. 21, 2023 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced the successful debut of its Intelligent Fingerprinting Drug Screening System at the 2023 Workplace Health & Safety Show in Sydney, Australia on September 20th and 21st. The non-invasive, portable system is designed to enable workplace health and safety managers to conduct simple, non-invasive workplace drug testing anytime and almost anywhere, serving as a deterrent against drug abuse and encouraging employees to adhere to health and safety policies.

The Workplace Health & Safety Show is Australia’s only workplace health and safety event, with thousands of health and safety decision makers from multiple sectors attending the live, interactive learning experience showcasing cutting-edge technology, ideas, and practices in workplace safety. Intelligent Bio Solutions stood alongside other industry leaders collectively working toward healthy and safe work environments that prioritize the well-being of all individuals.

Statistics from the Workplace Health & Safety Show held in 2022 revealed that 96% of visitors surveyed said it was important or very important to attend the exhibition to find new products and services. Additionally, 92% had a level of influence in health and safety purchases within their business, with 60% having a high degree of influence or the final say. The show is attended by organizations across a wide range of industries and sectors, including construction, manufacturing, transportation and logistics, education, local government, health and medical, defense, agriculture, engineering, and infrastructure.

Peter Passaris, Vice President of Sales and Operations at Intelligent Bio Solutions, said, “We have received an incredible response from key decision makers and professionals across a wide range of industries who have shown a keen interest in our innovative drug screening system and are actively seeking more information. This year’s show was focused on ‘shaping a safer tomorrow’. Through our conversations, it was evident that the commitment to workplace safety is growing stronger, and the mindset has shifted from for cause testing to a more preventative approach by conducting regular workplace drug screening. There was significant enthusiasm around our solution as it targets impairment, thus evaluating fitness for duty on the day of testing. Additionally, it was appreciated as a preferred choice of testing method by female participants in highly regulated work environments due to its non-invasive and dignified nature.”

The Intelligent Fingerprinting Drug Screening System is increasingly recognized as the world’s first fingerprint-based drug testing system that analyzes fingerprint sweat to screen for recent drug use, including cannabis, cocaine, opiates, and methamphetamine, in under ten minutes. A laboratory confirmation service is also available. The innovative product provides a quick, easy, non-invasive and dignified alternative to traditional point-of-care drug testing methods, such as urine and saliva. The system has applications within many sectors, and current customers include employers in safety-critical industries such as construction, manufacturing and engineering, transport and logistics firms, drug treatment organizations, and coroners.

An introductory video demonstrating the Intelligent Fingerprinting Drug Screening System is available here.

https://www.globenewswire.com/news-release/2023/09/21/2747275/0/en/Intelligent-Bio-Solutions-Successfully-Debuts-Intelligent-Fingerprinting-Drug-Screening-Solution-at-the-2023-Workplace-Health-Safety-Show-in-Sydney-Australia.html

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