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Bullboard - Stock Discussion Forum 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... see more

NDAQ:INBS - Post Discussion

Intelligent Bio Solutions Inc > Fingerprint Drug Test Delivers Quantifiable Benefits
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Post by averagepennies on Jan 30, 2024 9:15am

Fingerprint Drug Test Delivers Quantifiable Benefits

Customers identify in-house control, project flexibility, productivity, and cost reductions as key business benefits of fingerprint sweat-based drug testing

Construction and manufacturing firms replace traditional urine and oral fluid drug tests with more hygienic and dignified Intelligent Fingerprinting Drug Screening System - disrupting workplace testing market

NEW YORK, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today reported on the key operational benefits that customers are experiencing following deployment of the Intelligent Fingerprinting Drug Screening System to support workplace drug testing.

Customers across critical sectors such as construction, manufacturing and logistics are reporting substantial advantages post-implementation of the system, including:

  • enhanced control over drug screening processes by transitioning to in-house
  • improvements in workplace productivity
  • streamlined project compliance and
  • significant cost savings

A shift in preference toward fingerprint sweat-based drug screening has been observed, with many organizations seeking alternatives to traditional methods such as urine and oral fluid testing.

“We’re seeing an increasing need for drug and alcohol testing across major construction and manufacturing projects. Modern HSEQ and HR teams are recognizing that conventional drug testing approaches simply are not meeting the growing demands for improved operational efficiencies,” explained Harry Simeonidis, President and Chief Executive Officer at Intelligent Bio Solutions. “This realization is driving rapid customer adoption of our Intelligent Fingerprinting Drug Screening System, which not only offers a non-invasive, quick and easy solution but also improves efficiencies and unlocks significant productivity savings.”

https://www.globenewswire.com/news-release/2024/01/30/2820001/0/en/Fingerprint-Drug-Test-Delivers-Quantifiable-Benefits-for-Customers-as-Adoption-in-Workplaces-Accelerates.html

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