2023-01-06 12:11:49
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 CondAligns 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. CondAligns 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