CondAlign AS signs a Concept Phase Agreement (CPA) with a global manufacturer of displays for upgrading their display system by integrating CondAlign technology. The companies intend to sign a license agreement during the term of the CPA. This agreement shows that large global players acknowledge the great potential of technology. Securing the agreement with this tier-1 global technology leader is an important and planned step in the implementation of CondAlign?s strategy to secure license revenues in multiple markets. The partner has during 2020 and 2021 performed internal testing on materials from CondAlign. Following positive results, the partner has decided to initiate a comprehensive project to integrate CondAlign technology into their display system. The CPA covers all phases up to and including industrialization and commercialization of final products. Product design will conclude in June 2022, whereafter industrialization, commercialization and license negotiations will commence. As part of the project, the partner will immediately install a CondAlign Remote Station at one of their facilities. The CondAlign Remote Station allows customers to reduce their development time significantly when integrating the CondAlign technology. The installation of remote stations further allows CondAlign to increase the number of customer engagements in parallel. CondAlign will receive payment for Remote Station rental, product design services and engineering.