Navamedic ASA: Enters into distribution agreement for Sippi® in Italy

4/7/2017 9:07:55 AM

Oslo, 7 April 2017 - Navamedic ASA (Navamedic, OSE: NAVA), the Norwegian medtech and pharmaceutical products company, announced today that it has entered an agreement with Italy-based SIM Italia Srl (SIM Italia), a leading distributor of sterile medical devices, for the launch of Sippi® in Italy.

“We continuously seek excellent collaboration partners in key markets, especially as we are moving to expand distribution of Sippi globally. We are very happy to announce this distribution agreement with SIM Italia, one of the market leaders in Italy. Their extensive localised knowledge and pan-Italian sales force, makes them a great partner for Navamedic in such an important European market helping secure the full commercial potential of Sippi moving forward,” says Tom Rönnlund, Chief Executive Officer of Navamedic

SIM Italia is one of the leading medical device distributors in Italy with over 20 sales representatives that will work on bringing Sippi®, the next generation digital urine meter for use in intensive care, out to the Italian market, which has 60 million inhabitants and approximately 9000 intensive care unit- and critical care beds.

“Our company policy has always been to prioritise partners who offer special or niche solutions. We recognise the excellence and great potential of Sippi and look forward to achieve remarkable sales numbers, " says Federico Righetti, Chief Executive Officer of SIM Italia.

For further information, please contact:

CEO Tom Rönnlund

Telephone +46 727 320 321

About SIM Italia Srl

Sim Italia Srl is one of the most trusted players in the medical import/export field in Italy. Its manufacturing division, Med Europe Srl, is equipped with a series of clean rooms and special production, maintenance and repairs areas. SIM Italia Srl and its partner companies are a part of the LANZONI GROUP, founded in 1934, with more than 200 collaborators and over 22 million Euros in sales. The Group represents one of the most reliable economic realities of reference for the national market. Besides being able to count on the sales forces of its Authorised Retailers, SIM Italia Srl has its own Sales Force which covers the majority of the national territory both professionally and efficiently.

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 includes 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).