South American Distribution Agreement with TSCOM

Intelligent Bio Solutions Signs South American Distribution Agreement with TSCOM for Fingerprint Drug Screening System and Secures First Order

Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the “Company”), a medical technology company developing and delivering intelligent, rapid, non-invasive testing solutions, today announced it has signed a distribution agreement for its Intelligent Fingerprinting Drug Screening System with Chile-based company TSCOM SPA, increasing the product’s availability across South America. The Company further announced it received its first order under this agreement, coming from a Chile-based electrical distribution company.

The Intelligent Fingerprinting solution, which is widely recognized as the world’s first fingerprint-based drug testing system, analyzes fingerprint sweat to screen for recent drug use, including cannabis, cocaine, opiates, and methamphetamine. The innovative product provides a quick, easy, non-invasive and dignified alternative to traditional point-of-care drug testing methods, such as urine and saliva. The portable system enables workplace managers to conduct simple, non-intrusive testing anytime and almost anywhere, serving as a deterrent and encouraging employees to adhere to Health & Safety policies.

Pablo Riera, Director at TSCOM SPA, said, “At TSCOM, we’re looking forward to offering the innovative Intelligent Fingerprinting drug screening system to the South American market, and we’ll initially be targeting workplaces, government operations and healthcare providers across Chile. We have been tracking the increasing adoption of fingerprint-based drug screening for some while and believe the Intelligent Fingerprinting solution provides a great alternative for users of more traditional testing methods.”

TSCOM SPA will offer customers a comprehensive local service, from initial training to ongoing technical support and the re-supply of drug screening cartridges.

Mr. Riera added, “We’re seeing a lot of local interest in the innovative fingerprint-based test and have already won our first order from a Chile-based electrical distribution company for several readers. This customer quickly recognized the advantages of the fingerprint test system – easy-to-use, in-house, portable, non-invasive, and more hygienic than traditional alternatives. We are currently carrying out training and helping the client as they introduce fingerprint testing in their workplace.”

Harry Simeonidis, President and CEO of Intelligent Bio Solutions, commented, “Fingerprint drug testing is increasingly being regarded as the smart alternative for workplace drug screening. Since we acquired Intelligent Fingerprinting in Q3 2022, we have been working to expand our global reach for this innovative testing solution.  We are excited to extend our market reach into South America through our partnership with TSCOM SPA. We are thrilled they have moved so quickly to secure their first customer for our solution.”

INBS’s Intelligent Fingerprinting Drug Screening System comprises a small, tamper-evident drug screening cartridge onto which ten fingerprint sweat samples are collected in under a minute before the portable analysis unit provides an on-screen result in under ten minutes.

About TSCOM

Established over 10 years ago, TSCOM advises on and provides a comprehensive range of monitoring, security and detection solutions to support workplace health and safety, including drug and alcohol testing, GPS monitoring systems, and state-of-the-art security solutions.
For more information, visit: www.tscom.cl