This order marks the expansion into the German market, a key territory for the distribution of the UnoMeter product range. The founders of Siramo GmbH are industry experts with a rich background from the former largest Convatec distributor in Germany for UnoMeter. Therefore, this initial order and our formalized agreement represents a significant step towards capitalizing on this substantial growth opportunity.

Jørgen Mann, Chief Commercial Officer at Observe Medical, stated, "The first order from Siramo GmbH is a testament to our strategic initiative to broaden our reach and strengthen our ties with key distribution partners. The German market is pivotal for the UnoMeter portfolio, and our presence here is integral to achieving our goal of becoming a global leader in urine measurement solutions". 

For further information, please contact:

Rune Nystad, CEO Observe Medical
Mobile: +47 916 24683
E-mail: rune.nystad@observemedical.com

Per Arne Nygård, CFO Observe Medical
Mobile: +47 411 04345
E-mail: perarne.nygard@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 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 atwww.observemedical.com.