Crown Energy AB (publ) announces that its subsidiary Accyourate Group S.p.A. has entered into an initial distribution agreement in Albania with local partner 2A-Pharma shpk. The agreement is intended to support a structured entry into the Albanian market for Accyourate’s wearable ECG monitoring devices, smart garments and associated cloud-based data analysis and management services, with an initial commercial focus on private healthcare.

Accyourate’s platform is designed to enable continuous monitoring of key physiological signals, including ECG, heart rate, breathing patterns, temperature and movement, in real-world conditions. Crown believes this makes the offering relevant not only for private healthcare, but also for adjacent areas such as sport, occupational health, prevention and safety.

The opportunity has been identified and developed through Accyourate’s network and market familiarity in Albania, and builds on earlier project activity together with the Albanian Olympic Committee. The first route to market is expected to be through private healthcare providers, selected clinics and other institutional users, creating a practical foothold from which broader opportunities can be pursued over time, including in prevention and screening-related settings.

“Albania gives us a focused and practical opportunity to begin building commercial traction for Accyourate. We already know the market from earlier activity, and through local relationships and the right partner structure we see a credible route into private healthcare. At the same time, the technology has relevance far beyond traditional clinic use, including sport, prevention and occupational health. This is the kind of step-by-step commercial development we want to build for Accyourate,” says Yoav Ben-Eli, CEO of Crown Energy.

ContactsPlease contact Yoav Ben-Eli, CEO, Crown Energy AB+46 8 400 207 20+46 76-312 97 93

About Crown EnergyCrown Energy is transforming into a new and more socially responsible business direction, with focus on the medical technology industry and on improving the green footprint by way of investing in companies active in those areas.

The investment into the Healthtech company Accyourate marked the start of the new Crown Energy in early 2023. Accyourate holds high-tech patents and creates algorithms to support production of ‘smart’ wearable garments for use in the medical industry as well as services such as analysis, data gathering and extrapolations of medical information and growth of medical databases.

Crown has in early 2024 entered a strategic partnership with KAYA Climate Solutions GmbH, a project developer in nature-based solutions for climate change mitigation in Sub-Saharan Africa. This collaboration aims to be a starting point for large impact in climate change mitigation and adaptation through landscape restoration and nature conservation which will be financed by the voluntary carbon market and similar mechanisms.

The business area Asset Development and Management based in Angola is providing international companies Real estate and services. Crown Energy has been active in the oil and gas business for more than 10 years. Today the only remaining asset in the energy field is a passive holding of energy reserves which following the signing of a sale and purchase agreement is being divested. Crown has withdrawn from and/or written down its other earlier Licence holdings.For more information about Crown Energy, visit www.crownenergy.se.

AttachmentsUpdate prior to the Annual General Meeting: Accyourate advances entry into private healthcare in Albania