Workflow
Intelligent Bio Solutions Inc. Announces QabasTech as Exclusive Distributor in Saudi Arabia
INBSGBS(INBS) GlobeNewswire News Room·2024-07-24 12:30

Company Overview - Intelligent Bio Solutions Inc. (INBS) is a medical technology company focused on delivering innovative, rapid, non-invasive testing solutions [7][8] - The company’s Intelligent Fingerprinting Drug Screening System utilizes fingerprint sweat analysis to provide a hygienic and cost-effective method for drug testing [8] Partnership Announcement - INBS has announced a partnership with QabasTech (Qabas) as its exclusive distributor in Saudi Arabia, which is expected to enhance the adoption of its drug screening solutions in the region [7][6] - This collaboration aligns with Saudi Arabia's infrastructure projects and commitment to improving public safety [7] Market Opportunity - The drug screening market in Saudi Arabia presents significant opportunities for INBS, particularly in sectors such as government, military, police, and drug rehabilitation centers [10] - The Saudi Arabian government has intensified crackdowns on drugs, highlighting the urgency for effective drug screening solutions [10] Product Features - The Intelligent Fingerprinting Drug Screening System screens for recent use of drugs commonly found in the workplace, including opiates, cocaine, methamphetamine, and cannabis [8] - The system allows for sample collection in seconds and provides results in under ten minutes, making it a valuable tool for employers in safety-critical industries [8]