A kick start on 2021
Equity issue of NOK 75m completed
In February 2021 CondAlign AS completed a private placement of NOK 75 million. The private placement attracted strong interest from investors and was significantly oversubscribed.
The funding will allow CondAlign to further invest in its unique and patented technology for production of anisotropic conductive film materials.
The main targeted markets are electrically conductive films for the display industry, flexible hybrid electronics and health care market, thermally conductive materials for cooling of general electronics and batteries in the EV market, as well as gas separation membranes for carbon capture.
The proceeds from the private placement will be used to grow the organization, for product development, and for improving lab and production facilities.
The executive chairman of the board, Bjørn Maarud, states:
“This empowers CondAlign to strengthen our capability and ability to reduce time to market for our products. We appreciate very much the interest from our investors and are prepared to take CondAlign to the next level.”