LIFE Successfully completed four weeks of longevity trials

17 Jul 2024 08:00 CEST

Bergen, Norway, 17 July 2024: Today, Lifecare ASA (LIFE), a clinical stage
medical sensor company developing the next generation Continuous Glucose
Monitor (CGM), can announce positive results from the first four week of
sensor longevity trials.

Reference is made to press releases 18 June 2024 when the company initiated
the trials with wireless readout. The Sencell sensor that has been implanted
under the skin of the dog Elli has now passed its operational lifespan of 4
weeks. During these weeks, the Lifecare team at the Norwegian University of
Life Sciences (NMBU) has received large amounts of data. This validates the
functionality of the Sencell sensor and the sensor technology itself.

Elli, is the first patient with the wireless glucose sensor under her skin.
The Team monitors Elli on a daily basis, including reports from her owner.
Ellie is in good health and shows no signs of discomfort related to the
implant.

- Four weeks operational lifetime of the sensor is a huge milestone for us. We
are very pleased with the ground-breaking work that is taking place now.
Mainly, the purpose of the longevity studies has been to confirm long-term
sensor functionality in live tissue and that the chemical composition operates
as it should. We have received large amounts of data during these weeks that
validate the technology and the actual functionality of the sensor. This also
indicates that our osmotic sensor principle exceeds the lifetime of some of
the commercially available CGM sensors on the market, says CEO Joacim Holter
at Lifecare.

Eight days into the longevity study, Managing Director Jo Amundstad of the
subsidiary Lifecare Veterinary and his team at NMBU placed a Freestyle Libre
glucose monitor from Abbot on Elli's skin. The purpose was to give a reference
source to our Sencell sensor under the dog's skin and validate our monitored
data. The Freestyle Libre monitor's functionality ended after 13 days.

- Previous in-vivo studies on pigs and humans have been limited to three days.
Hence, we are very proud of this achievement of the Lifecare team who have
been involved in the ground-breaking efforts they make for people and animals
who have to live with diabetes. Every day they conscientiously work towards
our goal of making life easier and less painful for this patient group. The
sensor's performance during the longevity study and the number of data points
that have been read provide a solid foundation for further work, says Holter.

About us
Lifecare ASA is a clinical stage medical sensor company developing technology
for sensing and monitoring of various body analytes. Lifecare's main focus is
to bring the next generation of Continuous Glucose Monitoring ("CGM") systems
to market. Lifecare enables osmotic pressure as sensing principle, combined
with the ability to manipulate Nano-granular Tunnelling Resistive sensors
("NTR") on the sensor body for read-out of pressure variations. Lifecare's
sensor technology is referred to as "Sencell" and is suitable for identifying
and monitoring the occurrence of a wide range of analytes and molecules in the
human body and in pets.

Contacts
For further information, please contact:

Joacim Holter, CEO, joacim.holter@lifecare.no, +47 40 05 90 40

Renete Kaarvik, CFO, renete.kaarvik@lifecare.no, +47 94 83 82 42

More information:
Access the news on Oslo Bors NewsWeb site

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