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UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
8-K
CURRENT
REPORT
Pursuant
to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date
of Report (Date of Earliest Event Reported): January 29, 2024
INTELLIGENT
BIO SOLUTIONS INC.
(Exact
name of registrant as specified in its charter)
|
|
001-39825 |
|
82-1512711 |
(State
of Incorporation) |
|
(Commission
File Number) |
|
(IRS
employer identification no.) |
142
West, 57th Street, 11th Floor
New
York, NY 10019
(Address
of principal executive offices, including zip code)
Registrant’s
telephone number, including area code: (646) 828-8258
N/A
(Former
name or former address, if changed since last report)
Check
the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under
any of the following provisions:
☐ |
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
|
|
☐ |
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
|
|
☐ |
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities
registered pursuant to Section 12(b) of the Act:
Title
of each class |
|
Trading
Symbol(s) |
|
Name
of each exchange on which registered |
Common
Stock, $0.01 par value |
|
INBS |
|
The
Nasdaq Stock Market LLC |
Indicate
by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405)
or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☒
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item
7.01 Regulation FD Disclosure.
On
January 29, 2024, Intelligent Bio Solutions Inc. (the “Company”) issued a press release (the “Press Release”)
announcing that a leading UK timber processor and packaging manufacturer, James Jones & Sons Ltd, is now using the Company’s
portable Intelligent Fingerprinting Drug Screening System that works by analyzing fingerprint sweat.
A
copy of the Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The foregoing disclosure is qualified
in its entirety by the full text of the Press Release.
The
information disclosed under Item 7.01, including Exhibit 99.1 attached hereto, shall not be deemed “filed” for purposes of
Section 18 of the Securities Exchange Act of 1934 and shall not be deemed incorporated by reference into any filing made under the Securities
Act of 1933, except as expressly set forth by specific reference in such filing.
Item
9.01. Financial Statements and Exhibits.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
Date:
January 30, 2024 |
|
|
|
INTELLIGENT
BIO SOLUTIONS INC. |
|
|
|
|
By:
|
/s/
Spiro Sakiris |
|
Name:
|
Spiro
Sakiris |
|
Title: |
Chief
Financial Officer |
Exhibit
99.1
Leading
UK Timber Processor and Packaging Manufacturer, James Jones & Sons Ltd., Adopts Intelligent Bio Solutions’ Fingerprint Drug
Screening System Across its 25 Sites and 1,300 Employees
Intelligent
Fingerprinting to be used for in-house drug testing, enabling full testing control to support new James Jones drug and alcohol testing
policy
Portable
Intelligent Fingerprinting system easily covers testing needs across all remote locations and allows in-house ownership
NEW
YORK, January 29, 2024 — Intelligent Bio Solutions Inc. (Nasdaq: INBS) (“INBS” or the
“Company”), a medical technology company delivering intelligent, rapid, non-invasive testing solutions, today announced
that leading UK timber processor and packaging manufacturer, James Jones & Sons Ltd is now using its revolutionary
portable Intelligent Fingerprinting Drug Screening System that works by analyzing fingerprint sweat.
James
Jones & Sons Ltd will use 11 readers deployed across the company’s 25 UK locations. The company will implement a random testing
program for its 1,300 employees to proactively support its new substance misuse policy launched in November 2023.
Rosetta
Forbes, Group Head of HR for James Jones & Sons Ltd, said, “James Jones has some 1,300 employees, many of whom operate high-risk
machinery such as sawmill cutting equipment, pallet & packaging manufacturing units, and wood harvesting machinery. As an innovative
company, we want to push our safety record forward, and Intelligent Fingerprinting will be central to our new substance misuse policy.”
“We
are rolling out the Intelligent Fingerprinting Drug Screening System to provide in-house testing that will be available across all our
sites, including our remote/rural operations, as required,” added Rosetta Forbes. “The system is a great match for our needs.
It is easy for our HR and Health and Safety colleagues who are not medically trained to use. The system is non-invasive, fast, and cost-effective
across our urban as well as remote locations, with easy sample collection that takes only seconds. On-site results for multiple drug
groups in just ten minutes makes Intelligent Fingerprinting a very efficient and innovative solution for James Jones & Sons Ltd to
adopt.”
James
Jones & Sons Ltd’s in-house HR team will work collaboratively with their Health and Safety colleagues, as well as some local
managers, who are all trained to use the sweat-based drug screening system to manage testing as required. The company has carefully planned
the roll-out, incorporating a company-wide amnesty period that welcomes employees to approach the company for wellbeing support before
the new policy came into force in December.
Harry
Simeonidis, President and Chief Executive Officer of Intelligent Bio Solutions Inc., said, “For workplace testing, the Intelligent
Fingerprinting Drug Screening System offers companies full control and the ability to drug test quickly, conveniently, and whenever needed.
This enables organizations such as James Jones & Sons Ltd to be proactively responsible for the health and safety of its employees
and customers while protecting its business reputation.”
James
Jones has purchased 11 Intelligent Fingerprinting Drug Screening Systems consisting of portable DSR-Plus readers and single-use
chain of custody sample collection cartridges. These will be located at the company’s testing hubs that will geographically
cover their 25 locations across the UK. The company’s Australian operations are also watching the deployment with a view to potentially
expand the use of the system to that region.
An
introductory video demonstrating fingerprint-based drug testing in action is available here.
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 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. Additionally,
the Company’s biosensor platform has the potential to test for up to 130 indications, ranging from glucose to immunological conditions
and communicable diseases. The Company’s current customer segments include construction, manufacturing and engineering, transport
and logistics firms, drug treatment organizations, and coroners.
For
more information, visit: http://www.ibs.inc/
About
James Jones
James
Jones & Sons Ltd is a 5th generation family business and one of the UK’s largest and most progressive timber processing companies
with core activities in timber harvesting, sawmilling, pallets & packaging, and distribution. We operate from 25 sites across the
UK, 11 Australian and 2 New Zealand sites, and employ over 2,100 people. In the UK, we operate seven sawmills throughout Scotland and
the northeast of England: an engineered wood manufacturing plant in the north of Scotland and pallet and packaging operations at 14 sites
across the UK. We produce high quality, British grown timber for the UK construction, landscaping, and agricultural sectors; market-leading
JJI-Joists for the housebuilding and construction markets and pallets and packaging for blue chip domestic and exporting businesses.
For further information on James Jones & Sons Ltd, visit: https://www.jamesjones.co.uk
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 develop
and commercialize its 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
LinkedIn
| Twitter
Media
Contact:
Cheryl
Billson
Comma
Communications
cheryl.billson@commacomms.com
+44
(0)7791 720460
v3.24.0.1
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