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02opida

10/17/24 9:19 AM

#622744 RE: 02opida #622743

Know Labs, Inc. (NYSE American: KNW), a leading developer of non-invasive sensor technology, announced today that it has retained The Stanbridge Group to secure a strategic relationship with an automotive original equipment manufacturer to embed the Know Labs sensor technology in automobile steering wheels. In early preliminary tests, the Know Labs sensor demonstrated, in a laboratory setting, that it can non-invasively determine blood alcohol levels and the Company believes, in an automobile steering wheel, could prohibit an impaired individual from driving.

This discovery occurred during the early development of the Company’s non-invasive glucose monitoring technology. That lead to the filing in 2022 by Know Labs of a patent entitled, “Vehicle Interface Systems and Methods for Analyte-Based Control” on August 15, 2022. It was published on February 15, 2024, with publication number: US 2024/0050007 A1.

Tucked within President Biden's 2021 Infrastructure Investment and Jobs Act is a mandate set to redefine the landscape of DUI prevention. By as early as 2026, all new vehicles sold within the country will need to be equipped with passive alcohol detection systems. The Know Labs platform directly addresses this issue.

“While inventing and developing the Know Labs non-invasive diagnostic technology we have paid close attention to the many diverse fields of use in which our technology could be applied,” said Ron Erickson, Know Labs’ CEO. “Determining driver health and wellness is one of those fields of use. Our broad patent portfolio covers installing our sensor technology in an automobile steering wheel. We believe our sensor technology, embedded in steering wheels, can keep drunk drivers off the road and become the standard for the global auto industry. The Stanbridge Group is working to secure a joint venture partner for this exciting application of our platform technology while we continue the Company’s core focus on non-invasive blood glucose monitoring.”

In 2022, drunk driving was responsible for 13,524 deaths in the United States according to the National Highway Traffic Safety Administration (“NHTSA”). As a consequence, NHTSA has initiated a proposed rule making process regarding Advanced Impaired Driving Prevention Technology.

The Stanbridge Group, led by founder, Rick Stanbridge, has worked with senior leadership of automobile and original equipment automobile equipment manufacturers for many years. “Automobile and component manufacturers are all looking for a way to prevent impaired drivers from operating their vehicles,” stated Rick Stanbridge. “The Know Labs sensor is a perfect solution for the problem manufacturers and the NHTSA are working to solve. We are thrilled to be working with Know Labs on this important project.”