Intelligent Bio Solutions Expands Global Reach with Multilingual Drug Screening System Upgrade
Intelligent Bio Solutions (INBS) announced a major upgrade to its Intelligent Fingerprinting Drug Screening System, introducing multilingual capabilities that will make the system accessible to over 4 billion users worldwide. The upgrade will support multiple languages across North and South America, Europe, Asia Pacific, and the Middle East.
The enhancement aims to improve usability in safety-critical industries such as construction, mining, manufacturing, transport, and logistics. This development aligns with the company's global expansion strategy, including its planned entry into the US market in 2025, following its FDA 510(k) submission in December 2024.
The company's non-invasive drug testing solution uses fingerprint sweat analysis to detect multiple substances simultaneously. INBS currently maintains presence in 19 countries, targeting the workplace drug testing market, which is projected to reach approximately $8 billion globally by 2030.
Intelligent Bio Solutions (INBS) ha annunciato un importante aggiornamento al suo sistema di screening per droghe con impronte digitali, introducendo capacità multilingue che renderanno il sistema accessibile a oltre 4 miliardi di utenti in tutto il mondo. L'aggiornamento supporta più lingue in Nord e Sud America, Europa, Asia Pacifica e Medio Oriente.
Il miglioramento mira a migliorare l'usabilità in settori critici per la sicurezza come costruzione, estrazione, produzione, trasporto e logistica. Questo sviluppo è in linea con la strategia di espansione globale della società, che include l'ingresso programmato nel mercato statunitense nel 2025, dopo la sua presentazione FDA 510(k) prevista per dicembre 2024.
La soluzione di test antidroga non invasiva della società utilizza l'analisi del sudore delle impronte digitali per rilevare più sostanze contemporaneamente. Attualmente, INBS ha una presenza in 19 paesi, puntando al mercato dei test antidroga sul lavoro, che si prevede raggiunga circa 8 miliardi di dollari a livello globale entro il 2030.
Intelligent Bio Solutions (INBS) anunció una importante actualización de su Sistema de Detección de Drogas por Huellas Dactilares Inteligentes, introduciendo capacidades multilingües que harán que el sistema sea accesible a más de 4 mil millones de usuarios en todo el mundo. La actualización soportará múltiples idiomas en América del Norte y del Sur, Europa, Asia-Pacífico y Medio Oriente.
La mejora tiene como objetivo mejorar la usabilidad en industrias críticas para la seguridad, como la construcción, la minería, la fabricación, el transporte y la logística. Este desarrollo está alineado con la estrategia de expansión global de la compañía, que incluye su entrada planificada en el mercado estadounidense en 2025, tras su presentación a la FDA 510(k) en diciembre de 2024.
La solución de pruebas de drogas no invasivas de la empresa utiliza el análisis del sudor de las huellas dactilares para detectar múltiples sustancias simultáneamente. Actualmente, INBS mantiene presencia en 19 países, enfocándose en el mercado de pruebas de drogas en el lugar de trabajo, que se proyecta alcanzará aproximadamente 8 mil millones de dólares a nivel global para 2030.
Intelligent Bio Solutions (INBS)는 다국어 기능을 도입하여 전 세계 40억 이상의 사용자에게 접근할 수 있도록 하는 지능형 지문 약물 검사 시스템의 주요 업그레이드를 발표했습니다. 이 업그레이드는 북미 및 남미, 유럽, 아시아 태평양, 중동 전역에서 여러 언어를 지원합니다.
이번 개선은 건설, 광업, 제조, 운송 및 물류와 같은 안전-critical 산업에서의 사용성을 향상시키는 것을 목표로 합니다. 이 개발은 2025년 미국 시장 진출을 계획하고 있는 회사의 글로벌 확장 전략과 일치하며, 2024년 12월에 FDA 510(k) 제출을 앞두고 있습니다.
회사의 비침습적 약물 검사 솔루션은 지문 땀 분석을 통해 여러 물질을 동시에 검출합니다. INBS는 현재 19개국에 존재하며, 2030년까지 전 세계적으로 약 80억 달러에 이를 것으로 예상되는 직장 약물 검사 시장을 목표로 하고 있습니다.
Intelligent Bio Solutions (INBS) a annoncé une mise à niveau majeure de son système de dépistage des drogues par empreintes digitales intelligentes, introduisant des capacités multilingues qui rendront le système accessible à plus de 4 milliards d'utilisateurs dans le monde. La mise à niveau prendra en charge plusieurs langues en Amérique du Nord et du Sud, en Europe, dans la région Asie-Pacifique et au Moyen-Orient.
Cette amélioration vise à améliorer l'utilisabilité dans des secteurs critiques pour la sécurité tels que la construction, l'exploitation minière, la fabrication, le transport et la logistique. Ce développement s'inscrit dans la stratégie d'expansion mondiale de l'entreprise, y compris son entrée prévue sur le marché américain en 2025, suite à sa soumission à la FDA 510(k) en décembre 2024.
La solution de test de drogue non invasive de la société utilise l'analyse de la sueur des empreintes digitales pour détecter simultanément plusieurs substances. INBS maintient actuellement une présence dans 19 pays, ciblant le marché des tests de drogue en milieu de travail, qui devrait atteindre environ 8 milliards de dollars mondialement d'ici 2030.
Intelligent Bio Solutions (INBS) hat ein bedeutendes Upgrade seines Intelligent Fingerprinting Drug Screening Systems angekündigt und mehrsprachige Funktionen eingeführt, um das System für über 4 Milliarden Nutzer weltweit zugänglich zu machen. Das Upgrade unterstützt mehrere Sprachen in Nord- und Südamerika, Europa, Asien-Pazifik und dem Nahen Osten.
Die Verbesserung zielt darauf ab, die Benutzerfreundlichkeit in sicherheitskritischen Branchen wie Bau, Bergbau, Fertigung, Transport und Logistik zu erhöhen. Diese Entwicklung steht im Einklang mit der globalen Expansionsstrategie des Unternehmens, einschließlich des geplanten Markteintritts in den US-Markt im Jahr 2025, nach der FDA 510(k)-Einreichung im Dezember 2024.
Die nicht-invasive Drug-Testing-Lösung des Unternehmens nutzt die Schweißanalyse von Fingerabdrücken zur gleichzeitigen Erkennung mehrerer Substanzen. INBS ist derzeit in 19 Ländern vertreten und zielt auf den Markt für Drogentests am Arbeitsplatz ab, der voraussichtlich bis 2030 weltweit etwa 8 Milliarden US-Dollar erreichen wird.
- Expansion of potential user base to over 4 billion through multilingual capabilities
- Targeting $8 billion global workplace drug testing market by 2030
- Present in 19 countries with planned US market entry in 2025
- FDA 510(k) submission completed in December 2024
- None.
Insights
The strategic multilingual upgrade of INBS' Drug Screening System marks a pivotal expansion move in the $8 billion workplace drug testing market. This enhancement significantly amplifies the company's addressable market, potentially reaching over 4 billion users across multiple continents. The timing is particularly strategic, coinciding with their FDA 510(k) submission and planned 2025 US market entry.
Three key aspects make this development particularly noteworthy for investors: First, the multilingual capability provides a distinct competitive advantage in penetrating diverse markets simultaneously, potentially accelerating international revenue growth. Second, the focus on safety-critical industries (construction, mining, manufacturing, transport and logistics) targets sectors with regulatory compliance requirements and steady demand for drug testing solutions. Third, building on their existing presence in 19 countries, this upgrade could significantly reduce market entry barriers and localization costs.
However, investors should consider several critical factors:
- Implementation timeline and resource allocation for the multilingual rollout
- Potential regulatory requirements in new markets beyond language adaptation
- Competition from established local players in target regions
- Impact on current operations and support infrastructure needs
The strategic alignment with the growing workplace drug testing market, combined with the company's non-invasive testing technology and expanded language accessibility, positions INBS to potentially capture a meaningful share of the projected market growth. The focus on safety-critical industries also provides a more resilient revenue base, as these sectors typically maintain testing requirements regardless of economic conditions.
Multilingual upgrade will make INBS’ Drug Screening System accessible to over 4 billion users worldwide, including users across the Americas, Europe, Asia and the Middle East, supporting its strategic global expansion goals and planned 2025 entry into the US market.
NEW YORK, Jan. 31, 2025 (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 plans for a major upgrade to its Intelligent Fingerprinting Drug Screening System. The system upgrade will support multiple languages spoken across North and South America, Europe, Asia Pacific and the Middle East, making the system accessible to over 4 billion speakers worldwide1.
By introducing multilingual capabilities to its portable Drug Screening Reader, INBS is expanding access to the system and addressing the diverse needs of global organizations operating in multilingual environments. The update will enhance usability, ensuring greater efficiency in safety-critical industries such as construction, mining, manufacturing, transport, and logistics worldwide. This move aligns with the rapidly growing demand for workplace drug testing solutions, a market projected to reach approximately
“As we expand our global footprint, it is essential that our solutions are accessible and adaptable to meet the needs of an increasingly diverse customer base,” said Harry Simeonidis, President & CEO of Intelligent Bio Solutions. “This multilingual upgrade to our drug screening reader represents a significant step forward in our mission to deliver accessible testing solutions. Importantly, this update will open up opportunities for us to enter new international markets and customer segments, supporting revenue growth.”
INBS’ non-invasive Intelligent Fingerprinting Drug Testing Solution leverages innovative fingerprint sweat analysis to efficiently detect multiple substances of abuse simultaneously. The addition of multilingual capabilities aligns with INBS’ plans to scale its presence in key markets across the Americas, Europe, Asia, and the Middle East. The planned update supports INBS’ strategic international expansion by building on the Company’s recent FDA 510(k) submission in December 2024, its established presence in 19 countries, and its planned entry into the US market in 2025.
About Intelligent Bio Solutions Inc.
Intelligent Bio Solutions Inc. (NASDAQ: INBS) is a medical technology company delivering innovative, 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.
For more information, visit: http://www.ibs.inc/
Forward-Looking Statements
Some of the statements in this release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995, which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, Intelligent Bio Solutions Inc.’s ability to successfully develop and commercialize its drug and diagnostic tests, realize commercial benefit from its partnerships and collaborations, and secure regulatory approvals, among others. Although Intelligent Bio Solutions Inc. believes that the expectations reflected in such forward-looking statements are reasonable as of the date made, expectations may prove to have been materially different from the results expressed or implied by such forward-looking statements. Intelligent Bio Solutions Inc. has attempted to identify forward-looking statements by terminology, including “believes,” “estimates,” “anticipates,” “expects,” “plans,” “projects,” “intends,” “potential,” “may,” “could,” “might,” “will,” “should,” “approximately” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. These statements are only predictions and involve known and unknown risks, uncertainties, and other factors, included in Intelligent Bio Solutions’ public filings filed with the Securities and Exchange Commission. Any forward-looking statements contained in this release speak only as of its date. Intelligent Bio Solutions undertakes no obligation to update any forward-looking statements contained in this release to reflect events or circumstances occurring after its date or to reflect the occurrence of unanticipated events.
Company Contact:
Intelligent Bio Solutions Inc.
info@ibs.inc
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Investor & Media Contact:
Valter Pinto, Managing Director
KCSA Strategic Communications
PH: (212) 896-1254
INBS@kcsa.com
Hyperlinks and website references in this release are provided for convenience only and do not incorporate the referenced content into this release.
1 Ethnologue, 2024. The Ethnologue 200. Available at: https://www.ethnologue.com/insights/ethnologue200/
2 Grand View Research, 2018. Employer And Workplace Drug Testing Market Analysis, 2018-2030. Available at: https://www.grandviewresearch.com/industry-analysis/employer-workplace-drug-testing-market-report
FAQ
What is the expected market size for workplace drug testing by 2030 that INBS is targeting?
When does INBS plan to enter the US market?
How many countries does INBS currently operate in?
What is the potential user reach of INBS's multilingual drug screening system upgrade?
Which industries are targeted by INBS's drug screening system?
