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Intelligent Bio Solutions Inc INBS

Intelligent Bio Solutions Inc. is a medical technology company focused on developing and delivering intelligent, rapid, non-invasive testing and screening solutions. Its segment includes Commercially available Intelligent Fingerprinting Products and Development Stage Biosensor Platform Technology. Its product portfolio includes Intelligent Fingerprinting Platform that analyzes fingerprint sweat using a one-time cartridge and portable handheld reader, and a two-part system that consists of non-invasive, fingerprint sweat-based diagnostic testing products designed to detect drugs of abuse including opiates, cocaine, methamphetamines, benzodiazepines, cannabis, methadone, and buprenorphine. The Biosensor Platform is designed to detect multiple biological analytes by substituting the top enzyme layer of the biosensor to suit each analyte and to develop a range of Point of Care Tests, including the modalities of clinical chemistry, immunology, tumor markers, allergens, and endocrinology.


NDAQ:INBS - Post by User

Post by averagepennieson Oct 05, 2023 9:21am
43 Views
Post# 35670723

Intelligent Bio Solutions Adds Logistics Firm to Fingerprint

Intelligent Bio Solutions Adds Logistics Firm to Fingerprint

VKVP Haulage adopts Fingerprint Drug Screening System to help drive proactive drug testing policy

Auctus Management Group successfully completes 25,000 tests using the Company’s Intelligent Fingerprinting Drug Screening System

NEW YORK, Oct. 05, 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 adoption of its Intelligent Fingerprinting Drug Screening System by specialist container logistics firm, VKVP Haulage. Additionally, the Company announced the successful completion of 25,000 Intelligent Fingerprinting tests with its current customer, Auctus Management Group.

VKVP Haulage is using random in house fingerprint sweat-based testing to complement its existing alcohol testing programme and to support industry best practices across the company’s 80-strong HGV fleet of trucks.

“The Intelligent Fingerprinting Drug Screening System is a great testing solution we can use in-house as needed. The scenario training, the technology and its sample chain of custody make the fingerprint-based system particularly resilient, inspiring confidence from both our employees and customers,” said Roland Hollings, Transport & Fleet Manager at VKVP Haulage. “We have only been drug testing with the system for a couple of weeks, but the power of random in-house testing is already having a positive impact, with both our workforce and our customers recognizing our commitment to having a proactive drug testing policy,” he added. “VKVP Haulage operates a fleet of 80 44-tonne articulated trucks that run across the country carrying containers for many of the UK’s leading brands, so it’s important we do as much as possible to ensure safe adherence to our Drug & Alcohol policy.”

Auctus Management Group has successfully deployed the Intelligent Fingerprinting Drug Screening System as part of a comprehensive construction worker induction process, recently completing 25,000 tests on a major rail construction project.

Richard Toy, CEO of Auctus Management Group, explained, “We won the contract to screen and provide employee inductions for this construction project, one of the largest construction sites in Europe, and a key differentiator for us was our proposal to use the Intelligent Fingerprinting Drug Screening System. This helped our tender stand out against traditional urine and saliva drug testing alternatives. When we initially looked at the logistics involved, it simply was not feasible to use traditional urine-based drug tests, especially because of the need for dedicated drug test restroom facilities for that many people. The Intelligent Fingerprinting test has many benefits, including rapid on-site results, hygiene, non-intrusiveness and convenience for testing at scale. The test continues to work very well, and we are proud to now have completed this significant milestone of 25,000 fingerprint drug tests for this particular project.”

Harry Simeonidis, President and CEO of Intelligent Bio Solutions, said, “It’s fantastic to see that fingerprint drug testing is rapidly becoming the workplace drug testing solution of choice for numerous operators across the UK transportation and logistics sectors, with more and more firms acknowledging its non-invasive nature and its role in helping to promote health and safety across operations. The use of our Intelligent Fingerprinting Drug Screening System by Auctus Management Group is a great example of the convenience and efficiency of our Intelligent Fingerprinting solution and demonstrates how our technology can deliver drug testing at scale.”

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

https://www.globenewswire.com/news-release/2023/10/05/2755375/0/en/Intelligent-Bio-Solutions-Adds-Logistics-Firm-to-Fingerprint-Drug-Screening-Portfolio-and-Completes-Major-Milestone-with-Existing-Client.html

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