Masivo Silver Corp

908 Devices Acquires NIRLAB AG to Strengthen Narcotics Detection Capabilities

- 908 Devices completed the acquisition of Swiss-based NIRLAB AG for $15 million upfront, with up to $8 million in additional milestone payments over 20 months. - NIRLAB's AI-powered NIR spectroscopy platform enables handheld analysis of over 400 common drugs in seconds, with proven field performance of over one million analyses. - The acquisition expands 908 Devices' analytical portfolio and creates an end-to-end workflow solution for law enforcement agencies addressing the fentanyl and illicit drug crisis. - NIRLAB's technology can analyze drugs through plastic bags and glass, quantify drug purity in complex mixtures, and analyze cannabis THC and CBD percentages.