Condalign’s traction in the market in Q4 2024 and 2024 as a whole was strong reaching close to 400 leads and more than 50 paying customers. The feedback continues to be consistently positive, often surpassing that of our competitors. There are ongoing discussions regarding high volume RFQ’s that we expect to increase steadily and be materialized in 2025. ​

In November Condalign launched E-Align25 - the next generation of anisotropic conductive film, developed for electronic bonding of smaller components. The final result has the potential to deeply change the electronics industry. E-Align25 is the only electrically conductive adhesive on the market capable of cold bonding fine electronic devices and components, without the need for high temperature/pressure curing, during or after application. Compared to other solutions available in the market, E-Align25 has better conductivity performance, reduced carbon footprint, while being cost-efficient and easier to apply.​

On Thermal Interface Materials (TIM) for electric vehicle batteries and electronics applications we continue to see a wider market potential for our products. During Q4, we had strong progress with our TIM material and we expect to launch T-Align in Q1/Q2 2025. The TIM market is expected to grow rapidly in the years to come and we see strong interest in the ongoing commercial discussions we have with different parties. ​​

Securing the growing interest with large scale production through a CMO is going according to plan, and we look forward to announce the details early 2025. ​
Financially, revenues for the fourth quarter of 2024 ended at NOK 0.1 million, down from NOK 0.2 million in the same period last year. Operating profit ended at negative NOK 7.6m compared to negative NOK 3.8m in the same quarter last year. As communicated on NOTC, Condalign secured NOK 10.4m in a convertible loan in December 2024. This funding will secure time for building of customer backlog as well as attracting strategic partners. ​

As communicated in previously, CondAlign are in the process of identifying strategic alternatives for the company. The discussions are ongoing and may involve a sale of assets or shares in CondAlign. No guarantees can be given at this stage as to whether any of these discussions may materialize or the timing of any transaction.​