NAVA - Strategic update on Sippi, advisor appointed

inva
24.05.2018 kl 08:31
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24/05-2018 08:00:01: (NAVA) Navamedic ASA:

Strategic update on Sippi
Oslo, 24 May 2018 - Navamedic ASA announces the finalisation of the Sippi®

wireless connectivity solution to Patient Data Monitoring Systems (PDMS). The
company has appointed a renowned adviser for the process of maximising the value
of Sippi® and is evaluating several strategic alternatives for the global Sippi®
launch.

"Navamedic is proud to announce the completion of the wireless connectivity
solution for Sippi, offering a new standard for urine monitoring in hospitals by
enabling automated digital measurement fully connected to the hospitals' own
patient systems. We have a back-log of 30 clinics across Europe waiting to test
the first wireless PDMS-connected digital urinometer on the market, and are
reviewing several strategic alternatives to accelerate and leverage the Sippi
growth opportunity," says Tom Rönnlund, Chief Executive Officer of Navamedic.

Sippi® is a new standard for urine monitoring which enables automated digital
measurement. The Sippi® system represents a new and improved way of monitoring
urine output, the last manual and non-digitalised vital parameter within the
Intensive Care Unit (ICU).

"Wireless communication with PDMS-systems is recognised as a significant
advancement in automating and digitalising all vital parameters of ICU patients,
and our new solution will shortly enter into clinical validation at Uppsala
University Hospital," says Rönnlund, and continues:

"Navamedic sees significant worldwide opportunities with a wireless-connected
Sippi and has appointed a renowned, internationally established adviser for the
process of maximising the value of Sippi and evaluating several strategic
alternatives for the global Sippi launch."

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