Observe Medical ASA announces appointment of Chief Technology Officer

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Oslo, 9 September 2022 – Observe Medical ASA (“the Company” or “Observe Medical”), is pleased to announce the appointment of Carsten Trygve Bøgh as Chief Technology Officer (CTO), effective 2 October 2022. Mr. Bøgh has a long-standing medtech career, having led several innovative product launches, delivered impactful results, and reached value-inflection milestones for companies.

“We are delighted to announce Carsten's appointment as CTO and welcome him to the management team. He has a strong background working with innovative devices and a proven track record of product launches and development. He brings an invaluable combination of industry experience and a strategic vision that will support the team through the next development phases and beyond,” said Rune Nystad, CEO of Observe Medical.

Carsten Trygve Bøgh added: “Having been introduced to the Observe Medical team and what is already a strong and exciting portfolio of medtech products, I look forward to joining the team at this exciting juncture. The medical technology landscape is advancing, and I am confident that Observe Medical will grow alongside it.”

Mr. Bøgh brings more than 25 years of strategic leadership experience in medtech. He joins Observe Medical from Fresenius Medical Care Global research and development in Germany, the world's leading provider of products and services for individuals with renal diseases, where he held the role of Senior Vice President, Global Product Development. Under his leadership, three new innovative dialysis Therapy Systems were launched in APAC/China, EMEA and the US, and a new and innovative Dialyzer for improved performance and biocompatibility. Mr. Bøgh also introduced the first App-based Nurse and Caretaker Cloud-based IT platform, which increased efficiency and lowered clinic costs.

Previously, he served as the Senior Vice President, Global Portfolio Management at Fresenius Medical Care. Before joining Fresenius, he held senior management positions at Oticon A/S, an innovative hearing aid manufacturer based in Denmark. Mr. Bøgh holds an Engineering Technology Manager (ETM) degree from Copenhagen University College and an Ms.Sc.EE, Medical Ultrasound from the Technical University of Denmark.

For further information, please contact:

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

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), Gothenburg (Sweden), Oulu (Finland), and Seattle (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.