Check4-COVID™

Check4-COVID™ FAQs

Product Questions

1. What does IdentifySensors Biologics do?
Check4-COVID™ is intended to be a fast, accurate and affordable saliva self-test for COVID-19. Results are displayed within minutes on a smartphone app, with accuracy that far exceeds current rapid home tests. 

2. How is Check4 COVID different from all other COVID tests?
New CDC research shows that current rapid home tests give false results more than 50 percent of the time. Check4-COVID is intended to be an entiely at-home instant test with accuracy above 90 percent. Reducing false negatives by this margin will be critical to curbing the pandemic and slowing the spread.   

3. Do healthcare professionals need to administer the test?
No. Check4-COVID™ is intended to be a simple self-test, similar to a home DNA test. Check4-COVID™ allows consumers to test their saliva on a device that connects to a smartphone. Results appear on the app within minutes in the privacy of a user’s home.

4. How does the test work?
Consumers buy a small, simple device online or from a retail store and download the free smartphone app. A saliva sample is placed in the device, and the results appear within minutes on the app. It is intended that inexpensive replaceable cartridges will allow endless, affordable testing on each device.

5. How accurate is Check4-COVID™?
Following FDA approval, Check4-COVID™ intends to meet the gold-standard in hospital-grade molecular COVID testing with minimal false positives. This is significantly better than curent home rapid tests. 

6. Why does the test notify health authorities?
By law, all COVID test results must be reported to health authorities to help manage the pandemic. Check4-COVID™ is an electronic-based, self-test that fulfills legal reporting requirements automatically through smartphones.

7. Why does the test use a smartphone app?
Chemical-based tests often rely on visual indicators. Check4-COVID™ uses an electronic circuit, which enables a signal to be sent to smartphones. The app then reports results to health authorities, which is required by law.

8. What if I don’t have a smartphone?
The smartphone app allows multiple users on a single device. This enables family members who do not have smartphones to use the device and app belonging to someone with a smartphone.

9. Do I have to buy multiple devices to test other family members?
No. A family can share the same device. The smartphone app is intended to allow multiple users so family members can share the same app and device, while interchanging different test cartridges.

10. Is the Smartphone app HIPAA compliant? What happens to my personal information?
By law, all test results must be reported to state and federal health authorities. All information collected by the IdentifySensors app is confidential and shared only with government agencies that require it. Some test results are de-identified, meaning that names are removed from the test results. All data is treated by the same high standards as secure hospital records. The app is securely encrypted and fully HIPAA compliant.

11. Can I turn off the reporting function of the app?
No. By law, all test results for contagious diseases must be reported to state, and federal health authorities. All information collected by the Check4-COVID™ app is encrypted, confidential, and follows high hospital standards for HIPAA-compliant privacy.

12. How much will the test cost?
It is intended that the reusable reader will cost $130. Each test cartridge will cost less than $25. The accuracy of the test and the low cost are intended to promore more frequent testing.

13. How can I be sure the test is accurate?
World-renowned scientists at Purdue University, who specialize in infectious diseases, have been developing and verifying the test’s accuracy for commercialization. The test is intended to be available to consumers following FDA approval, which is anticipated this year.

14. What is the problem with current rapid tests?
New CDC research shows that more than 50 percent of curent rapid test results are incorrect. Most PCR tests currently in use are expensive and take far too long for the results. These chemical-based tests often require samples to be transported to a laboratory for results.

15. When will the test be available to consumers?
Industry-leading scientists at Purdue University who specialize in infectious diseases have been developing and verifying the test for commercialization. The test is intended to be available to consumers following FDA approval this year.

16. Where will the test be sold?
Check4-COVID™ is intended to be sold online and through retail stores, such as pharmacies and grocery stores. High-volume commercial versions of the test are intended to be available to healthcare facilities and businesses through wholesale channels.

17. Can the test be used to minimize quarantine times?
Yes. Check4-COVID™ is intended to be fast, inexpensive and accurate, which enables frequent self-testing at home and without wait. Individuals infected with COVID-19, who quarantine at home, can self-test as often as they like to minimize quarantine times and return to their lives as soon as possible.

18. Is the test technology patented?
Yes, IdentifySensors holds several patents on various facets of the technology. Other patents are pending.

19. When will the product be available on the market?
Product development is in its final stages now. It is intended that the test will be available in 2021, following FDA approval.

20. How long will the FDA approval process take?
Check4-COVID™ soon will be submitted for FDA approval. We cannot be sure how long that process will last, but the process typically lasts a few weeks.

21. What plans does the company have for the product have after the pandemic?
The unique technology enables the test to be easily modified for other pathogens, including other coronaviruses, influenza, Zika, dengue, HIV/AIDS, hepatitis C, Lyme disease, mumps, measles, chickenpox, and methicillin-resistant staphylococcus Aureus (MRSA), as well as foodborne pathogens.

Pandemic Questions

22. How will this test help curb the pandemic?
The majority of COVID transmitions are spread by asymptomatic and early infections. PCR tests can take days for the results, and rapid home tests are incorrect more than 50 percent of the time. Check4-COVID is intended to provide immediate results with the accuracy of a PCR lab test. It is the best of both tests. Experts agree that vaccines and the combination of instant and accurate testing holds the key to curbing the pandemic.  

23. How can businesses benefit from this test?
Customers and employees could be allowed into facilities more readily with more frequent testing. Offices, manufacturing facilities, and restaurants, for example, could require self-tests of their employees. Sports facilities, airlines, and concert halls, for example, could require fans to display their self-test results on their smartphones before entering.

24. How will the test benefit hospitals, health care facilities, and nursing homes?
The self-tests are intended to be fast, accurate, and affordable. Frontline workers, and nursing-home employees, for example, could test themselves, and their patients daily, and isolate positive cases. Slowing the spread of the virus can help hospitals manage the best use of their facilities.

Investment Questions

25. Why did you use Regulation A+ and not venture capital or other types of funding?
Regulation A+ opens investment opportunities to anyone, regardless of their wealth or income. IdentifySensors biologics wanted to offer this opportunity to everyone interested in this exciting project. IdentifySensors Biologics is particularly well-suited for Regulation A+ because of the welcoming atmosphere the company provides.

26. What happens now that I’ve made an investment?
IdentifySensors Biologics will communicate news regularly. Our first messages will be about processing your investment payment and issuing your shares. Beyond that, we will notify you regularly about company milestones. As a Regulation A+ company, we are required to make annual and semi-annual filings with the SEC, all of which will be available on the SEC’s EDGAR filing system. The filings include:

• Annual filings on Form 1-K, which are due each year and include audited financial statements for the previous fiscal year.
• Semi-annual filings on Form 1-SA, which will include unaudited financial statements for the previous six months.
• Form 1-U will announce important company events, such as leadership changes, a change in auditors, or certain types of capital-raising.

27. Can I invest if I am outside of the United States?
Yes. Investors around the world are welcome to invest. However, certain country restrictions might apply. Investors should consult their legal advisers about their ability to invest. Investors in Canada are prevented from investing in Regulation A+ by Canadian securities regulations.

28. How do I sell my shares?
These shares are not intended to list on a major exchange after the Regulation A+ offering. Because the shares are currently not listed on a stock exchange, there is no active market. However, these securities will not be restricted and can be freely traded to the extent any market develops for them from the date that an investor receives their shares. This is an advantage of Regulation A+ compared to other public offerings of private companies because securities regulations allow investors to sell their shares immediately. We intend to list our shares on a new Regulation A+ aftermarket listing services, which we intend to select after we complete this offering. We expect initially that there will be limited liquidity in this market. The company currently has no plans to seek listing or quotation of the securities on the NASDAQ, NYSE, or the OTC markets. In the future, the company may choose to list the company on a major public stock exchange to bring liquidity to the shares

29. Can I still invest if I am not an accredited investor?
Yes, investors of any wealth level over 18 years of age may participate in the Regulation A+ offering.

30. Do my shares have voting rights?
Yes, one vote per share.

31. Can I add shares to my initial investment?
Yes, but each new investment must be at least $300.