Oslo, November 25^th, 2024 - Observe Medicals ("the Company" or "Observe Medical") distributor in Thailand has placed their first orders on UnoMeter™ Safeti™ Plus which adds this product to the portfolio of already well established UnoMeter™ products and sales in this market.

Historically Thailand has been a top 10 country in the global sales of UnoMeters™ with a 2021 net sales level of 8 mill. NOK. The distributor has already successfully sold UnoMeter™ 500 during 2024 and with the launch of UnoMeter™ Safeti™ Plus further positive development in the market share is expected.

Jørgen Mann, CEO of Observe Medical, commented, "Another of our dedicated distributors have now placed an order on UnoMeter™ Safeti™ Plus which brings us to a situation where we have orders from distributors covering 15 countries. Having achieved this only a few weeks after market launch is a very good start of our journey to take back the 220 mill. NOK annual sales revenue that the UnoMeters generated in 2021".

For further information, please contact:

Jørgen Mann, CEO Observe Medical
Mobile: +45 408 67 558
E-mail: jorgen.mann@observemedical.com

Johan Fagerli, CFO Observe Medical
Mobile: +47 958 12 765
E-mail: johan.fagerli@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 and ultrasound, in combination with targeted M&A and distribution. Observe Medical is working with a network of leading distributors to provide outstanding solutions for healthcare professionals globally.

The Company is headquartered in Oslo, Norway.

Further information is available at www.observemedical.com.