Observe Medical ASA: UnoMeter™ Safeti™ Plus listed in England (NHS) and Portugal

The NHS listing will make UnoMeter™ Safeti™ Plus easily available to all public hospitals across England which represents a significant opportunity, with now both UnoMeter™ Safeti™ Plus and UnoMeter™ 500 now represented on this listing. Also Observe Medical has received first order from Portugal which means that all products from the Convatec portfolio is now represented in Portugal.

The Company further announces the completion of the KYC process for Jiangsu Hongxin Medical Technology Co., Ltd (“JHMT”), which is the Company’s largest industrial partner within manufacturing and supply paving the way for the implementation of earlier signed subscription form.

Jørgen Mann, CEO of Observe Medical, commented:

“With the first order from Portugal and orders received from also France and Chile within the last three weeks, we have now received orders from 25 countries with a value above 10 mill NOK. These countries represent 85% or aprox. NOK 300 million of the historic Convatec sales to market, in today’s currency and market pricing and this happens only 4 months after we started deliveries of UnoMeter™ Safeti™ Plus. The NHS listing means that the English hospitals will have easy access to deliveries of UnoMeter™ Safeti™ Plus and it is now up to us and our distributor C&P Medical to capitalise on this opportunity. We are also very happy to be able to announce that the process of creating a strategic partnership with our trusted partner Jiangsu Hongxin Medical Technology Co., Ltd is now moving forward“

For further information, please see company webpage: https://observemedical.com/non-regulatory-news/