Company Overview - Intelligent Bio Solutions Inc. (INBS) is a medical technology company focused on delivering intelligent, rapid, non-invasive testing solutions, particularly through its Intelligent Fingerprinting Drug Screening System [6] - The company aims to revolutionize portable testing via fingerprint sweat analysis, which is designed to be hygienic and cost-effective, screening for recent drug use in workplace settings [6] Market Opportunity - The Spanish drug testing market is projected to reach $448 million by 2030, driven by increasing drug abuse prevention efforts, growing acceptance of drug screening for safety, and rising illicit drug use [4] - Major Spanish accounts currently require 1,000 drug testing cartridges per month, indicating a strong demand for INBS' technology [3] Strategic Partnerships - INBS has expanded its access to fingerprint drug testing in Spain and Andorra through a collaboration with Detecto, a division of MTB Distribuciones Tecnologicas SL, which is a leading provider of drug testing solutions in the region [1][2] - Detecto has successfully integrated INBS' solution into existing security protocols for major clients, including Metro Barcelona and a large mine operated by Rio Tinto, enhancing workplace safety [3] Product Acceptance - The fingerprint drug testing system has been well received due to its non-invasive nature, ease of collection, and increased acceptance among workers, along with reduced maintenance costs due to yearly calibration [3] - Detecto is broadening its focus to include law enforcement and rehabilitation sectors, as well as engaging with the maritime industry, indicating strong growth potential in various sectors [4] Industry Focus - Detecto provides consulting services regarding substance abuse in the workplace, emphasizing worker safety and well-being, particularly in high-risk sectors [5] - The company offers training and information on new drugs and technologies, positioning itself as a key player in the prevention and treatment of addictive behaviors in Spain [5]