Lifecare ASA announced that the company have improved the read-out distance from sensor to the read-out device. Reference is made to previous communications in the first quarter reporting regarding the need to improve the read-out distance to start the pending longevity study. This longevity study on dogs will be performed at the Norwegian University of Life Sciences (NMBU), located in As, close to Oslo.

In the longevity study, the company will introduce wireless communication between the implanted sensor and the outside read-out device. The Lifecare team has been working with external specialized consultants to improve the signal read-out distance to meet requirements, as defined by Lifecare. The reports from factory acceptance tests conducted by Lifecare confirms satisfactory read-out distance.

This conclusion being important for two reasons. Firstly, this means that Lifecare now are ready to start the longevity study in dogs, only pending final internal in-vitro sensor quality control. Secondly, the confirmed read-out distance meets Lifecare's requirements from a product development perspective, additional improvements for distance read-out are not expected to be necessary going forward.

Given that the quality in-vitro testing goes as planned, the longevity study can start at NMBU in mid-June.