OBSERVE MEDICAL ASA Oslo ,December 12, 2023 - Observe Medical ("the Company" or "Observe Medical ") is thrilled to share that the production capacity of our flagship product, UnoMeter 500, has now reached a level on par with the historical benchmarks set byConvatec . In a remarkably short span of time, we have achieved a production capacity equivalent toConvatec's historical levels for the UnoMeter 500 product, which is a testament to our rapid progress and dedication to meeting market demands. Furthermore, we are actively engaged in ongoing initiatives aimed at accelerating production and successfully bringing our UnoMeter Safety Plus product to the market. "Our ability to matchConvatec's volume capacity in such a short time reflects the dedication and hard work of our team, as well as our strategic focus on scalability and market responsiveness. We believe this achievement positions us strongly in the market and demonstrates our ability to scale operations to meet the growing needs of our customers.", saidObserve Medical CEO,Rune Nystad . For further information, please contact:Rune Nystad , CEOObserve 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 AboutObserve 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 inOslo, Norway , with additional offices in Narvik,Norway andGothenburg, Sweden , and subsidiaries inFinland 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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