08 Nov 2022 15:35 CET

Issuer

Nordic Technology Group AS

CondAlign and Saint-Gobain Tape Solutions have entered into an agreement to
develop next generation Thermal Interface Materials (TIM) for the electric
vehicle and electronics markets. Following the recent completion of successful
stage I and II proof of concept studies, the parties now take the collaboration
to a next level for development of thermally conductive adhesives and TIM pads
for thermal management in EV batteries and electronics applications.

“We look forward to continuing the cooperation with Saint-Gobain and believe
there is a significant opportunity to develop new and better products to the
fast-moving EV market” says Bjørn Maarud, CEO of CondAlign.

The partnership combines CondAlign’s proprietary particle alignment technology
with the deep materials expertise of Saint-Gobain to surpass the limits of
thermal performance seen in the market today. The scope of the current agreement
includes development of 2 TIM product prototypes and detailed plans for
industrial scale up and analysis of commercial viability.

“Combining CondAlign’s unique process with our materials, production capability,
and market connections will allow us to rapidly develop some best in class new
products and grow our presence in the Thermal Interface Material and thermally
conductive adhesive markets.” Says Phil Guy, General Manager of Saint-Gobain
Tape Solutions
This project scope is planned to conclude within 6 to 12 months. The intention
is to conduct license agreement discussions during the same period with the goal
of entering final negotiations upon project completion, enabling
industrialization and production of TIM products based on the CondAlign
technology by Saint-Gobain Tape Solutions to the global market.

“The agreement with a global leader such as Saint-Gobain acknowledges the high
impact of CondAlign’s technology and is an important milestone for entering the
markets for TIM” says Bjørn Maarud, CEO of CondAlign.

For more information please contact:
Bjørn Maarud, CEO
Bjorn.Maarud@condalign.no
ABOUT SAINT-GOBAIN
Saint-Gobain designs, manufactures and distributes materials and solutions for
the construction, mobility, healthcare and other industrial application markets.
Developed through a continuous innovation process, they can be found everywhere
in our living places and daily life, providing wellbeing, performance and
safety, while addressing the challenges of sustainable construction, resource
efficiency and the fight against climate change. This strategy of responsible
growth is guided by the Saint-Gobain purpose, “MAKING THE WORLD A BETTER HOME”,
which responds to the shared ambition of all the women and men in the Group to
act every day to make the world a more beautiful and sustainable place to live
in.
€44.2 billion in sales in 2021, 166.000 employees, locations in 76 countries,
Committed to achieving Carbon Neutrality by 2050.

ABOUT CONDALIGN
CondAlign is a Norwegian technology company developing and supplying conductive
films for connecting electronics and transferring heat. CondAlign’s 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.


Source

Nordic Technology Group AS

Provider

Oslo Børs Newspoint

Company Name

NORDIC TECHNOLOGY GROUP AS

ISIN

NO0011018434

Symbol

NTG

Market

Euronext Growth