Navamedic enters into agreement with Pennine Healthcare as distributor for Sippi® in the UK

3/22/2016 3:52:00 PM

Navamedic ASA (OSE: NAVA), the Norwegian Medtech and pharmaceutical products company, announced today that an agreement has been signed with UK-based Pennine Healthcare, a leading distributor and manufacturer of sterile medical devices, for the launch of Sippi® in Great Britain, Ireland and Northern Ireland.

Pennine Healthcare is one of the leading medical device manufacturers in the UK with 380 employees. Sippi® is being added to a strong portfolio of sterile medical devices and Custom Procedure Packs, currently sold and delivered to hospitals all over the UK. The distribution agreement targets important markets with 64 million inhabitants and approximately 8000 ICU and Critical Care beds.

Our partnership with Navamedic is an important milestone for Pennine Healthcare, whose mission is to be a world-class UK manufacturer of healthcare products, serving the domestic hospital market through exceptional customer service, innovation and continual improvement. It will complement our portfolio in intensive care and help bring important new innovations to the UK healthcare system" said Luke Fryer, CEO of Pennine Healthcare.

"We are very happy to announce the collaboration with Pennine Healthcare. We continually search for excellent distribution partners, and identified Pennine Healthcare as a market leader strongly positioned for a successful launch of Sippi in the UK. We look forward to working with a strong sales force across the entire UK, and benefiting from their existing relationships with NHS and extensive knowledge of the market. Pennine Healthcare is the perfect fit for Navamedic and for bringing Sippi's cutting-edge technology to this key market," said Tom Rönnlund, CEO of Navamedic.

For further information, please contact:

Tom Rönnlund, CEO, Navamedic

Telephone: +46 727 320 321

Or:

Magnus Emmoth, Head of Medtech, Navamedic

Telephone: +46 70 412 1197.

About Pennine Healthcare

Pennine Healthcare is one of the UK's leading privately-owned manufacturers of single-use, sterile medical devices and Custom Procedure Packs. Since its incorporation in 1963, the business has grown year on year. The group markets products and services in over 50 countries worldwide, and employs around 380 people at purpose-built premises in Derby.

www.penninehealthcare.co.uk

About Navamedic ASA

Navamedic ASA is a Norwegian medtech and pharmaceutical products company, delivering products to patients, hospitals and pharmacies in the Nordic and Benelux markets. The Group has recently established a Medtech business unit which is currently introducing the next generation digital urine meter for use in intensive care, Sippi ®. Navamedic's Pharma and Healthcare business is a distributor of products supplied by a number of pharmaceutical manufacturers. Navamedic is listed on the Oslo Stock Exchange (ticker: NAVA).

www.navamedic.com