SciBase strengthens its management team with Marko Päivärinne

In June SciBase took over production of single-use electrodes from Ginolis, and
as a result the company has chosen to strengthen its management team with Marko
Päivärinne. Päivärinne is the company’s Production and Logistics Manager and has
worked at SciBase since August 2015.
Aside from the fact that SciBase will have full control over production and
thereby better conditions for making it more cost-efficient in the future, the
integration of electrode manufacturing means that product development will be
easier. Marko Päivärinne will be a part of the management team to help bring
additional focus to these aspects of manufacturing.

“Electrode production is strategically our most important process, and it will
continue to be of great value to us. Therefore, it is very natural for Marko to
be a part of the management team. An important part of our work right now is
about increasing the volume of electrodes that are being produced using the semi
-automated process that Ginolis developed for us,” says Simon Grant, CEO at
SciBase.

During the past year, Marko has worked to streamline the supply chain, and has
focused on reducing purchasing costs for the components included in electrode
manufacturing in order to improve margins – work that he will continue.

Marko has twelve years of experience from the medical technology company
Arthrocare Medical Corporation, where he worked with supply chain management and
demand planning in addition to implementing business systems. He has also been
responsible for managing a number of international acquisitions.

SciBase’s product Nevisense requires a new electrode for every patient examined.
SciBase’s business model is based on selling instruments, but the major
potential lies in the continuous use of the instruments, which generates
revenues from the sale of the single-use electrodes. During the second quarter
of 2016 SciBase increased sales of the electrodes by 212 percent in Germany, the
company’s primary market.

For more information, please contact:
Simon Grant, CEO
Phone: +46 72 887 43 99
Email: simon.grant@scibase.com

This information is information that SciBase Holding AB is obliged to make
public pursuant to the EU Market Abuse Regulation. The information was submitted
for publication, through the agency of the contact person set out above, at
08.00 CEST on September 7, 2016.

About Skin Cancer
Skin cancer is one of the most common cancers in the world, accounting for
nearly half of all cancers. It has been estimated that nearly half of all
Americans who live to the age of 65 will develop skin cancer at least once.
Malignant melanoma is the most fatal form of skin cancer causing the majority
(75%) of deaths related to skin cancer. Worldwide, doctors diagnose about
230,000 new cases of melanoma yearly.

About SciBase and Nevisense
SciBase AB is a Swedish medical technology company, headquartered in Stockholm
that has developed a unique point-of-care device for the accurate detection of
malignant melanoma. Its product, Nevisense, helps doctors to detect malignant
melanoma, the most dangerous type of skin cancer. SciBase was founded by Stig
Ollmar, Associate Professor at The Karolinska Institute in Stockholm, Sweden.
Nevisense is based on substantial research and has achieved excellent results in
the largest clinical study ever conducted on the detection of malignant
melanoma. Nevisense is CE marked in Europe, has TGA approval in Australia, and
is awaiting FDA clearance in the United States. Nevisense is based on a method
called Electrical Impedance Spectroscopy (EIS), which uses the varying
electrical properties of human tissue to categorize cellular structures and
thereby detect malignancies. SciBase is listed on Nasdaq First North (“SCIB”).
Avanza is the certified advisor. Further information is available on
www.scibase.com.