Lifecare ASA — Board/Management Information 2024

Feb 1, 2024

LIFE Appointment of Production Manager

LIFE Appointment of Production Manager

Bergen, Norway, 1 February 2024: Lifecare AS (LIFE), a clinical stage medical

sensor company developing the next generation Continuous Glucose Monitor

(CGM), has appointed Torsten Ernst as Production Manager effective 1 March

This appointment will strengthen our production team. Ernst is an industry

specialist with a track record in making new solutions manufacturable, and a

solid extensive background from companies such as Zeiss, Varex and Infineon.

Ernst also hold a Master's Degree in Mechanical Engineering from the

university of Braunschweig, Germany, says CEO Joacim Holter.

The Production Manager will oversee the construction and operation of

Lifecare's production facility in Mainz, managing a wide range of

responsibilities such as daily activities of employees, serial production of

Lifecare sensors, maintenance of machineries, qualification of supply, process

improvements and daily reporting of KPIs and metrics across the organization.

Lifecare's main goal is to establish automated production by the end of Q2

2024, representing a forerunner to the company's first volume production site

planned for 2025.

- The appointed Production Manager distinguished himself among the applicants

due to his long relevant background in the field of Lithography and excellent

letters of recommendations from previous employers. He has a thorough

knowledge of process, quality metrics and tools for managing the production

lines and employees and is further skilled in apprehending the affiliation

between essential metrics such as quality, delivery and cost, says Vice

President Manufacturing Ahmad Fazli.

As Lifecare is entering a new phase in the organizational development, the

management skills and experience of Ernst will enhance the company performance

at a crucial time for launching the first generation of the product in the

market.

The Production Manager will be located on site Mainz and report to VP

Manufacturing (Bergen, Norway). The establishment of the position of

Production Manager is expected to strongly accelerate Lifecare's preparations

and the establishment of forward-looking production capacity.

About us

Lifecare AS 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.

Contacts

For further information, please contact:

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

Asle Wingsternes, Head of Communications & Public Affairs,

asle.wingsternes@lifecare.no, +47 41 61 42 52