Intelligent Bio Solutions (NASDAQ: INBS), a medical technology company providing intelligent, rapid, non-invasive testing solutions, secured a major contract with one of London’s largest public transport operators covering 14 sites and more than 4,400 staff. The company’s Intelligent Fingerprinting Drug Screening System will be deployed across a bus network carrying over one million passengers daily and operating more than 1,400 low-emission vehicles, including hybrid, electric and hydrogen-powered buses. CEO Harry Simeonidis said the win underscores the strength of INBS’s technology, which supports rapid drug testing at scale to minimize downtime, improve workforce efficiency and reduce costs. INBS’s system is used by more than 450 accounts in 24 countries, and the company is planning U.S. market entry in 2025 pending FDA clearance.
To view the full press release, visit https://ibn.fm/E7zJp
About Intelligent Bio Solutions Inc.
Intelligent Bio Solutions Inc. (NASDAQ: INBS) is a medical technology company delivering intelligent, rapid, non-invasive testing solutions. The Company believes that its Intelligent Fingerprinting Drug Screening System will revolutionize portable testing through fingerprint sweat analysis, which has the potential for broader applications in additional fields. Designed as a hygienic and cost-effective system, the test screens for the recent use of drugs commonly found in the workplace, including opiates, cocaine, methamphetamine, and cannabis. With sample collection in seconds and results in under ten minutes, this technology would be a valuable tool for employers in safety-critical industries. The Company’s current customer segments outside the US include construction, manufacturing and engineering, transport and logistics firms, drug treatment organizations, and coroners.
NOTE TO INVESTORS: The latest news and updates relating to INBS are available in the company’s newsroom at https://ibn.fm/INBS
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