Observe Medical – First order to Portugal

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Oslo, January 4, 2024 - Observe Medical ("the Company" or "Observe Medical") has received first order from our distributor in Portugal, Aviquímica, for delivery of UnoMeter 500 products.

The UnoMeter portfolio is experiencing rapid expansion, having recently secured orders from Portugal, bringing the total count to 18 countries. The favorable clinical evaluations contribute positively to the reputation of our UnoMeter products, demonstrating confidence in their continued success across diverse markets.

Jørgen Mann, Chief Commercial Officer at Observe Medical, remarked, "The initial order from Portugal stems from the distributor's own tests of the product's performance and quality, which demonstrated positive results, confirming its status as a high-quality product. We are pleased to enter 2024 with a commitment to expanding our footprint in key markets and building strong partnerships with strategic distribution allies".

For further information, please contact:

Rune Nystad, CEO Observe Medical
Mobile: +47 916 24 683
E-mail: rune.nystad@observemedical.com

Per Arne Nygård, CFO Observe Medical
Mobile: +47 411 04 345
E-mail: perarne.nygard@observemedical.com

About Aviquímica

Aviquímica is a leading company in the commercialization of medical and surgical products, hygiene, patient comfort and safety, and laboratory products to Portuguese healthcare units. The company is certified according to the NP EN ISO 9001:2015 standard and follows the quality standards required in Portugal and the European Union

Aviquímica is among the companies selected as suppliers to the Ministry of Health, through public tenders opened by the SPMS - Shared Services of the Ministry of Health, E.P.E., for various groups of hospital consumer products.

About Observe Medical

Observe Medical is a Nordic medtech company that develops, markets and sells innovative medtech products for the global market. The Company is committed to improving patient welfare and patient outcomes, improving clinical data accuracy and promoting positive health economics.

The Company seeks to drive growth by leveraging its expertise in sales and commercialization of its broad portfolio of medical technology products, mainly in urine measurement, ultrasound, anesthesiology/ICUs, surgery and wound care, in combination with targeted M&A.

The Company is headquartered in Oslo, Norway, with additional offices in Narvik, Norway and Gothenburg, Sweden, and subsidiaries in Finland and the US. In addition, Observe Medical has a direct sale organization in the Nordics and a distributor network internationally.

Further information is available at www.observemedical.com.

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