Observe Medical expands into the Asian market

Oslo, January 18, 2024 - Observe Medical ("the Company" or "Observe Medical") announces the expansion of its UnoMeter portfolio into the Asian market, with UnoMeter 500 orders received from Thailand and Vietnam.

This expansion not only diversifies our market presence but also reinforces Observe Medical's commitment to global growth and establishing a strong foothold in regions with high market potential. Asia has historically accounted for approximately 10% of UnoMeter's global annual sales, with Thailand representing the largest market, contributing to half of the region's total. Alongside Vietnam, these two countries represent a significant share of the historical presence in the Asian market.

Jørgen Mann, Chief Commercial Officer at Observe Medical, remarked, "We are thrilled to expand our reach in the Asian market, which is in line with the overall strategy of global presence. Asia has historically been an important market for our products, and we are optimistic about the prospects of our Asian operations and look forward to building lasting relationships with partners and customers in the region".

For further information, please contact:

Rune Nystad, CEO Observe Medical
Mobile: [phone]
E-mail: [e-mail]

Per Arne Nygård, CFO Observe Medical
Mobile: [phone]
E-mail: [e-mail]

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.

https://news.cision.com/observe-medical-asa/r/observe-medical-expands-into-the-asian-market,c3911442

https://mb.cision.com/Main/19175/3911442/2548151.pdf

(c) 2024 Cision. All rights reserved., source Press Releases - English