Via Futurism:

The relatively inexpensive system known as the spectral transmission-reflectance-intensity (TRI)-Analyzer costs only $550. The device uses light and spectral analyses to do many of the most common laboratory tests.

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Given the device’s capabilities, it is able to adapt to perform a wide variety of tests without the need for a dedicated laboratory. Any test that utilizes a liquid that changes color or generates a light output (think fluorescent dyes) can be run on this device hooked up to a smartphone.