Orders of NOK 8.2m received to date, representing annual recurring sales potential of approx NOK 50 million
Oslo, 26 May 2023 – Observe Medical ASA (the "Company" or "Observe Medical") has received initial orders from distributors for delivery of UnoMeter™ products and is expecting to ship the first units to customers in June. The total value of these initial orders is NOK 8.2 million. The distributors that have signed the orders have historically had annual repetitive purchases of around NOK 50 million. Dialogues with these and other distributors continue to advance, and with products expected to be on the market relatively soon, Observe Medical is expecting additional orders to be confirmed.