Nordiq Products AS

What Nordiq Products AS does

Nordiq Products AS is a privately held Norwegian medical-device company developing LiSa (Life Saver), an ultra-portable, neck-worn patient monitor for military medics, special forces, rescue services, and civilian first responders. The device continuously measures pulse, respiration, oxygen saturation and (per product page) skin temperature, surfacing alerts when vital signs deteriorate, and is designed to operate fully offline — a feature explicitly positioned for tactical military use where electronic emissions must be avoided. Core differentiation rests on three proprietary sensor technologies: LightSense (a multi-wavelength optical PPG sensor with a patent-pending geometric design), AcouSense (an acoustic sensor that captures breathing and heart sounds directly from the throat), and SkinSight, a skin-type calibration algorithm intended to deliver accurate readings across all skin tones. Sensor fusion dynamically weights optical and acoustic inputs to maintain reliability under cold, shock, or hypothermic conditions where conventional fingertip pulse oximeters typically fail due to vasoconstriction.

The company's revenue model is hardware-led but multi-pronged: direct sales of LiSa units to defense, ambulance, and humanitarian customers (Armed Forces, Red Cross, first responders), B2B distribution partnerships with medical-device suppliers, recurring revenue from replacement patches and training/exercise equipment, technology licensing to larger medical-device players, and a stated optionality around data-analytics, decision-support, and telemedicine integrations. The founding team combines founder/CEO Mats Hetling's field-medicine experience from Afghanistan operations with Professor Lise Randeberg's biomedical-optics expertise at NTNU and SINTEF's acoustics capability, supported by CTO Ine Mari Vevang, CFO Emil Asbjørnslett, Chief Medical Are Løset (former special-forces MD), and CBO Vegard Midjo.

Operationally, Nordiq has 1–10 employees (a 2–3-engineer core development team), is currently raising capital through a share issue at a 37.5M NOK pre-money valuation, and benefits from Norwegian public R&D support covering roughly 67% of development costs via IPN and SkatteFUNN programs. The company is pre-commercial: its stated target is to sell 500 LiSa units into beach-head defense and humanitarian customers by 2026–2028, and to reach exit within approximately five years. Recent strategic milestones include UK patent grant GB2602158A (Feb 2025), selection into the USSOCOM/NORSOCOM/FFI Arctic Warrior Experiment (Jan 2025), and a Marshall Aerospace industrial-cooperation joint project (Jan 2026) tied to Royal Norwegian Air Force C-130 operations.

Name

Nordiq Products AS

Legal name

Nordiq Products AS

Website

https://nordiqproducts.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

1–10 employees

Short description

Nordiq Products AS is a Norwegian medical-device company developing LiSa, an ultra-portable neck-worn vital signs monitor for military medics, rescue teams, first responders, and humanitarian organizations, using proprietary optical and acoustic sensor technology with a skin-type calibration algorithm.

Ownership category

akta.pro rank

Product category

Wearable Patient Monitoring Devices

NAICS

Electromedical and Electrotherapeutic Apparatus Manufacturing (334510)

SIC

Surgical & Medical Instruments & Apparatus (3841)

akta.pro primary industry

Fall Detection, Safety & Emergency Response (PERS, Smart Home Health Sensors) (HLAHACAG)

akta.pro secondary industries

Edge-Based Clinical Decision Support & Alerts (On-Device/On-Prem Analytics) (HLACAPAL), Chronic Care & Remote Patient Monitoring (RPM) Platforms (HLALABAF), Medical-Grade Device Connectivity & Device Management (MDM) (HLACAFAG)

Keywords

• Wearable vital signs monitor
• Patient monitoring device
• Tactical medical equipment
• Medical sensor technology
• Defense medical devices

Headquarters

HQ city

Oslo

HQ country

Norway

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Technology or R&D, Personnel, Supply Chain

Revenue model

1. Direct Sales: Direct sales of LiSa™ to rescue organizations, defense sector and healthcare including ambulances, special forces and first aid units.
2. B2B Partnerships: B2B partnerships with medical device suppliers enabling broader distribution and integration into existing systems.
3. Recurring Revenue - Attachment Patches: Recurring revenue from sales of attachment patches for LiSa™ and equipment adapted for training and exercise.
4. Technology Licensing: Licensing of sensor technology to major players in the medical device industry.
5. Digital Services: Potential digital services including data analytics, decision support and telemedicine integrations.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels4 records

Core offering

Nordiq Products AS develops and manufactures LiSa™ (Life Saver), an ultra-portable, rugged wearable vital signs monitoring device worn on the front of the neck. The device combines proprietary LightSense™ multi-wavelength optical sensor technology with AcouSense™ acoustic sensor technology and the SkinSight™ calibration algorithm to provide continuous, real-time monitoring of pulse, respiration, and oxygen saturation for military medics, rescue teams, and emergency medical personnel operating in demanding field environments.

Product overview

Nordiq Products AS offers a unified product ecosystem centered on LiSa™ (Life Saver), an ultra-portable patient monitor. LiSa™ integrates three proprietary sensor technologies: LightSense™ (optical sensor), AcouSense™ (acoustic sensor), and SkinSight™ (skin calibration algorithm). These technologies work together through sensor fusion to provide continuous, real-time monitoring of pulse, respiration, and oxygen saturation in demanding field environments.

Differentiator

Problem solved

Functional benefit

Brands

• LiSa (Life Saver): Ultra-portable vital signs monitoring device designed for military medics, rescue teams, first responders, and emergency medical personnel. Monitors pulse, respiration, oxygen saturation, and provides real-time alerts for critical changes.
• LightSense
• AcouSense
• SkinSight

Products and services

• LiSa™ (Life Saver)

Quantifiable outcome

• 67% of R&D costs covered through Norwegian public support
• +3 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Six partnerships are on record, tiered core.

• Marshall AerospacecoreStrategic or Co-development Partner · 29 January 2026UK-based aerospace and defence company entering joint project with Nordiq Products to advance LiSa™ (Life Saver) vital signs monitoring device for defence medical use. Marshall contributes defence sector expertise across requirements analysis, prototype development, supply chain analysis, and structured testing and validation. Partnership builds on Marshall's long-standing relationship with Royal Norwegian Air Force (C-130 Hercules maintenance since 1977). Part of Norway's Industrial Cooperation programme to enhance defence industrial capabilities and strengthen UK-Norwegian relations.
• USSOCOM (US Special Operations Command)coreStrategic or Co-development Partner · 1 January 2025Nordiq Products selected to participate in Arctic Warrior Experiment (AWE) under USSOCOM, NORSOCOM and Norwegian Defence Research Institute (FFI) in January 2025. Participation confirms military interest in LiSa™ technology and validates its strategic value to the defense sector.
• NORSOCOM (Norwegian Special Operations Command)coreStrategic or Co-development Partner · 1 January 2025Nordiq Products selected to participate in Arctic Warrior Experiment (AWE) under USSOCOM, NORSOCOM and Norwegian Defence Research Institute (FFI) in January 2025.
• FFI (Norwegian Defence Research Establishment)coreStrategic or Co-development Partner · 1 January 2025Nordiq Products selected to participate in Arctic Warrior Experiment (AWE) under USSOCOM, NORSOCOM and FFI in January 2025.
• NTNU (Norwegian University of Science and Technology)coreTechnology or IntegrationPartnership with Professor Lise Lyngsnes Randeberg at NTNU's Department of Biomedical optics and photonics. Professor Randeberg is co-founder, inventor, and Senior Scientific Advisor. Technology based on expertise in biomedical optics and SINTEF's cutting-edge expertise in acoustics.
• SINTEFcoreTechnology or IntegrationTechnology development based on SINTEF's cutting-edge expertise in acoustics, in combination with NTNU's biomedical optics expertise.

Scale indicators7 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Masimo Corporation: Masimo is the leading pure-play pulse oximetry and continuous patient monitoring company. It is directly comparable to Nordiq because both sell wearable sensor-based vital signs monitors (SET® pulse oximetry, rainbow® multi-wavelength sensors), compete on accuracy across skin tones, and target clinical and EMS deployments.
• Nonin Medical: Nonin is a long-standing specialist in medical-grade pulse oximetry and capnography sensors used in EMS, military and home-care settings. Directly comparable as a wearable vital signs sensor vendor with similar clinical/defense end users.
• ZOLL Medical Corporation (an Asahi Kasei company): ZOLL manufactures defibrillators, patient monitors and wearable cardiac sensors for EMS, military and hospital markets. Directly comparable because ZOLL's LifeBand-style and RescueNet ecosystems serve the same defense/EMS buyer and deliver continuous vital signs in field conditions.
• Stryker (Physio-Control): Stryker's Physio-Control unit supplies LIFEPAK monitors/defibrillators widely used by emergency and military medical services. Comparable because it sells EMS/military-grade vital signs monitoring hardware into the same procurement channels Nordiq is targeting.

Broad incumbents

• Koninklijke Philips (Philips Healthcare): Philips is a dominant incumbent in patient monitoring (IntelliVue, EarlyVue) and remote patient monitoring across hospitals and EMS. Comparable as a broad incumbent whose installed base in hospitals and procurement vehicles represents both a competitive channel and a potential licensing partner for Nordiq's sensor stack.
• GE HealthCare: GE HealthCare's patient care solutions (CARESCAPE, Vital Signs monitors) span hospitals, EMS and defense medical channels. Comparable as a broad incumbent whose global distribution and regulatory infrastructure make it both a competitor and a plausible licensing/integration partner.
• Medtronic: Medtronic is a global medical device incumbent with Patient Monitoring and Cardiac Diagnostics businesses. Comparable as a broad incumbent with a strategic interest in continuous, wearable and defense-relevant vital signs monitoring, making it a likely acquirer or licensor of Nordiq's sensor technology.

Emerging players

• iRhythm Technologies: iRhythm's Zio wearable cardiac monitor shows how a focused wearable diagnostic device can scale into a multi-hundred-million-dollar business. Comparable as an emerging wearable vital signs diagnostics player that informs valuation benchmarks for Nordiq's wearable monitoring thesis.
• Caretaker Medical: Caretaker Medical makes a wireless continuous non-invasive blood pressure and vital signs monitor (Vitalstream) targeted at EMS, OR and clinical research. Directly comparable as an emerging competitor in continuous, wearable vital signs monitoring for acute and field settings.
• EarlySense: EarlySense developed contact-free continuous patient monitoring for hospital and remote care. Comparable as an emerging continuous vital signs monitoring player with hospital and RPM channels that overlap Nordiq's civilian and humanitarian use cases.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/nordiq-products-as

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds13 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordiq Products AS