CondAlign AS announced that the Company has entered into a frame agreement with Haltian Oy to deliver the electrically conductive film E-Align100. E-Align100 is the first out of many products that are being commercialized based on CondAlign's unique technology to connect electronics and/or transferring heat. Delivery of E-Align products to Haltian will commence with pilot series in 2023, millions of units in 2024 and are expected to generate a potential yearly revenue of more than NOK 15-20 million for CondAlign.

The demand for new cutting-edge Internet-of-Things (IoT) solutions and services is driven by global megatrends, such as location and inventory tracking systems. Haltian is tapping into this multi-billion US dollar market with their Haltian Inventory Tracking Solution (HITS), a new and uniquely scalable asset tracking system that is set to revolutionize the way businesses manage and oversee their assets and inventory. Haltian's new solution introduces multiple cutting-edge innovations to provide accurate, real-time location data for assets across various sectors, including warehouses, manufacturing and logistics facilities, data centers, and hospitals. Haltian have implemented CondAlign's cutting-edge E-Align100 technology to seamlessly connect printed flexible batteries to the IoT electronics, delivering a highly efficient, very scalable, and cost-effective production solution.

The agreement with Haltian represents a significant milestone for commitment to delivering high-quality, reliable, and cost-efficient solutions to customers. E-Align technology allows for the precise and reliable bonding of electronic components to electronic platforms.