CondAlign secures NOK 8 million in grant from Innovation Norway

Oslo January 6, 2023 - CondAlign is awarded a NOK 8 million Innovation Contract
grant from Innovation Norway to scale the unique CondAlign product offering into
new, fast growing markets for connecting electronics.
The grant of NOK 8 million is non-dilutive and part of a customer-driven,
commercial scaling project running in 2023 and 2024. In this project, CondAlign
is working with market-leading customers to enter and scale into new markets.
One of the customers is TactoTek, a company using CondAlign products to disrupt
electronic consumer, automotive and industrial markets with in-mold solutions. 
"The support from Innovation Norway validates CondAlign's business model and
further underlines the high level of interest for our disruptive technology.
This grant together with the strong cooperation with our customers gives us the
opportunity to develop and deploy a portfolio of products for the global markets
even faster", says CEO Harald Wahl Breivik.
Innovation Norway grants capital through its Innovation Contract instrument to
companies with a global growth potential. 

For more information, please contact:
Harald Wahl Breivik, CEO
harald.breivik@condalign.no
+47 976 33 815



About Innovation Norway:
Innovation Norway is the Norwegian Government's most important instrument for
innovation and development of Norwegian enterprises and industry. We support
companies in developing their competitive advantage and to enhance innovation.
Innovation Norway create value by stimulating to profitable business development
throughout Norway. Our programmes and services are intended to create more
successful entrepreneurs, more enterprises with capacity for growth and more
innovative business clusters.

About TactoTek:
TactoTek is the leading provider of Injection Molded Structural Electronics
(IMSE) solutions that integrate printed circuitry and electronic components into
3D injection molded smart surfaces. Leading IMSE use cases include human-machine
interfaces (HMI), connectivity, and electronic styling features for automotive,
smart homes, appliances, and other markets. IMSE outperforms conventional
electronics manufacturing methods by reducing Greenhouse gas emissions
significantly. Benefiting from simulated design processes and reduced material
use, IMSE Designed smart surfaces are considerably lighter in mass, leading to
substantial lifetime greenhouse gas reductions. TactoTek® develops and
industrializes IMSE technology, creates mass production-ready IMSE® prototypes,
and licenses IMSE technology for 3rd party IMSE part design and global mass
production.


About CondAlign:
CondAlign is a Norwegian technology company developing and supplying conductive
films for connecting electronics and transferring heat. CondAlign's products
address existing and new markets within electronics and e-mobility. The patented
technology enables development of new break-through consumer products as well as
industrial applications, providing improved performance, sustainability and cost
savings.
CondAlign is based in Oslo, Norway with a global customer footprint

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