SA's Knife Capital Invests in Pharmaceutical Temperature Monitoring Solution:

PharmaScout

Knife’s investment in PharmaScout will accelerate product rollout to pharmacies, medical

practitioners and pharmaceutical warehouses and enhance new product development for the
international market.

Cape Town, South Africa, November 08, 2018 --(PR.com)-- PharmaScout, a single point solution
developed by Cape Town based Internet of Things (“IoT”) business 5nines Technologies, overcomes a
litany of hurdles faced by healthcare professionals wishing to mitigate legal risk and meet the compulsory
safety and quality standards of stored temperature sensitive pharmaceutical products.

5nines/ PharmaScout has been angel-funded to date, but this week received an undisclosed Series A
funding round from Knife Capital - a leading venture capital firm with offices in Cape Town and London.
Knife Capital invests via a consortium of funding partnerships, including SARS section 12J Venture
Capital Company KNF Ventures and select family offices.

The funding will be applied to accelerate product rollout to pharmacies, medical practitioners and
pharmaceutical warehouses and enhance new product development for the international market.
PharmaScout already gained significant traction with blue chip customers such as Clicks and Alpha
Pharm, while conducting pilots with local hospital groups. They have also commenced R&D activities to
provide cold chain management products applicable to the retail, restaurant and hospitality industries.

In 2015 the South African Pharmacy Act was amended to require that anyone storing, distributing or
administering thermolabile pharmaceutical products must use appropriate storage facilities, electronic
temperature monitoring instruments and conduct regular checks, including annual temperature mapping
of storage areas and calibration of temperature sampling equipment. Unfortunately, most domestic fridges
fail to meet storage standards and specially designed laboratory fridges are impractical for small medical
practices. To solve this challenge, PharmaScout recently launched their own range of refrigerators
designed for storing pharmaceutical products in a compliant way. PharmaScout owns and controls the
entire pharmaceutical cold-chain ecosystem, offering healthcare professionals peace of mind by providing
the tools and guidance to conveniently achieve best practices and compliance with mandatory
temperature management requirements.

“There are few pharmaceutical quality and safety issues more important than those relating to the storage
and handling of temperature sensitive products. PharmaScout and its related product suite deliver the
most convenient and cost-effective way of meeting the professional responsibility & legal burden of
temperature monitoring compliance in South Africa,” says Doug Siepman, CEO and Co-Founder of
5nines. “We are delighted to partner with Knife Capital at this stage of our growth journey. The team
brings a wealth of experience and market access networks to the business that we are already starting to
tap,” said Siepman.

PharmaScout is an exciting investment opportunity for Knife Capital. “It contains all the elements that we

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look for in a portfolio company,” says Keet van Zyl, Investment Partner at Knife. “There is a compelling
investment case underpinned by recurring revenue, great people with execution abilities resulting in
proven traction and intellectual property elements that make the technology scalable. Macro factors in the
industry such as increased legislation and auditable but affordable medical compliance standards also
play in PharmaScout's favour.”

PharmaScout addresses the core pillars of a temperature compliance solution: appropriate hardware and
software elements, temperature mapping of storage areas including refrigerators, periodic calibration of
the temperature measuring equipment and continuous monitoring that includes alarms, notifications, data
storage & daily reporting. These capabilities open up local and international growth opportunities and
partnership channels in different cold chain verticals.

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Contact Information:
Knife Capital
Keet van Zyl
+27827882727
Contact via Email
www.knf.vc

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/769445

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