Innovative Biosensors, Inc. Receives Frost & Sullivan 2005 Technology Leadership Award

COLLEGE PARK, Md.--(BUSINESS WIRE)--April 13, 2005--Innovative Biosensors Inc. (IBI), a company developing rapid, ultra-sensitive tests to detect harmful pathogens, today announced that it has received the prestigious 2005 Technology Leadership Award from Frost & Sullivan, a global growth consulting firm. This recognition is the result of 400 hours of market analysis conducted by Frost & Sullivan industry analysts. IBI received the number one industry rank after investigation of emerging and existing technologies via market interviews and extensive secondary research.