Intelligent Bio Solutions Inc. Expands Fingerprint Drug Testing in Scandinavia

Intelligent Bio Solutions Inc. (NASDAQ: INBS) has reported significant progress in its collaboration with Spjotgard, a Scandinavian distributor, to expand the reach of its fingerprint-based Drug Screening System across Sweden, Norway, and Denmark, with growing interest in Finland. This innovative technology presents a less invasive alternative to traditional drug testing methods, such as urine and saliva tests, by delivering results in under 10 minutes. Its adoption is increasing in various sectors, including logistics, education, and criminal justice, highlighting its versatility and efficiency. Spjotgard's established presence and strategic partnerships in the region are instrumental in facilitating INBS's expansion efforts in Northern Europe.

The Intelligent Fingerprinting Drug Screening System is designed to screen for recent use of common workplace drugs, including opiates, cocaine, methamphetamine, and cannabis, through fingerprint sweat analysis. This method not only offers a hygienic solution but also stands out for its cost-effectiveness and rapid turnaround time, making it an attractive option for employers in safety-critical industries. The expansion into Scandinavia represents a pivotal moment for INBS, as it underscores the global potential of its technology to revolutionize drug testing practices.