Integral Announces Formation of IP Advisory Board to Accelerate Licensing and Commercialization of its ElectriPlast Technology
BELLINGHAM, Wash., July 19, 2012 /PRNewswire/ — Integral Technologies, Inc. (ITKG-OTC:BB) (“Integral”), an emerging leader in hybrid conductive plastics, and its wholly owned subsidiary ElectriPlast® Corporation (“ElectriPlast Corp.”), announced today the formation of an Intellectual Property Advisory Board (“IP Advisory Board”). Joining the IP Advisory Board are senior members Bruce Story, Jed Cahill and John Cronin from ipCapital Group, Inc. (“ipCG”), a leading IP strategy firm.
The IP Advisory Board will provide strategic advice to Integral’s management team regarding commercialization strategies and partnership opportunities that can serve to accelerate the adoption of ElectriPlast technology and maximize its supporting IP value. ElectriPlast is a patented line of non-corrosive, electrically conductive resin-based materials engineered to replace traditional metals such as steel or aluminum while reducing component weight by 40 to 60%. The ElectriPlast patent portfolio is recognized as the most comprehensive line of conductive resins in the industry.
Specifically, the IP Advisory Board members will use their deep expertise and cross-industry experience to advise Integral on licensing strategies for the ElectriPlast technology and its supporting IP; ongoing innovation of the technology through joint development relationships; adoption of the ElectriPlast technology across its many applications; and identification of win-win business terms for transactions that expand Integral’s market footprint.
“With multiple licensing and distribution opportunities now being presented to us world-wide, it is essential to have such an experienced group of individuals to assist us in maximizing these opportunities,” states William Robinson, CEO of Integral.
Newly appointed IP Advisory Board member Bruce Story has many years of IP strategy and licensing experience. He is the former Senior Director, Intellectual Capital Management for the Global Plastics Business of The Dow Chemical Company. “Not only is the ElectriPlast technology the best performing conductive plastic I have seen, but the patent portfolio protecting it is based on a clearly thought-out IP strategy,” stated Story.
Also joining Integral’s IP Advisory Board is Jed Cahill, a Director at ipCG who facilitates IP expansion initiatives and advises disruptive technology companies on technology and IP commercialization opportunities. Jed will serve as the Head of the IP Advisory Board. “Integral is at an exciting stage in their business with many potential paths for growing the market adoption of its specialty material and technology,” stated Cahill. “Integral is a clear leader on the IP landscape for conductive plastics, making it poised to execute on a wide range of commercialization partnership opportunities.”
John Cronin, Managing Director and Chairman of ipCG, also joins Integral’s IP Advisory Board and will advise Integral based on his deep experience negotiating and closing deals including out-licensing agreements.
“Through this innovation, expansion and licensing process, we are confident that Integral and ElectriPlast Corp. should be able to exponentially increase the value of its patent portfolio,” stated Herbert Reedman, CEO of ElectriPlast Corp.
In addition, two experienced intellectual property attorneys from Reed Smith LLP, a global law firm with more than 1,600 lawyers, will be providing legal counsel to the IP Advisory Board. They are Louis A. DePaul, a partner based in Pittsburgh and the former head of Westinghouse Intellectual Property, and Matthew P. Frederick an associate based in Philadelphia and a former Engineering Manager with Federal Mogul focusing on specialty thermoplastics.
About ipCapital Group, Inc.
ipCapital Group has been serving clients that range from early stage to Fortune 500 since 1998. Its interdisciplinary team trained in business, law, marketing, and product development provides a systematic and comprehensive view of the full lifecycle of IP, from inception through shareholder value creation. ipCapital Group maximizes business results for clients that seek to develop and execute IP strategies, strengthen and monetize IP portfolios, and establish and implement Intellectual Asset Management (IAM) practices. For more information, visit www.ipcg.com.
Integral Technologies, Inc.
Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), engages in the discovery, development, and commercialization of electrically conductive hybrid plastics used primarily as raw materials in the production of industrial, commercial and consumer products and services worldwide. Its core material, ElectriPlast(TM), is a non-corrosive, electrically conductive resin-based material whose properties allow it to be molded into any of the infinite shapes and sizes associated with plastics, rubbers and other polymers while reducing component weight by 40 to 60%. Integral is a leader in conductive hybrid plastics with a broad Intellectual Property portfolio referencing its ElectriPlast(TM) technology. Applications for ElectriPlast(TM) include: Shielding Wire, Power Electronics, Connectors, and Cables; Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, RFID, Busbars and Terminals. Follow us on Facebook and Twitter.
Safe Harbor Statement
This press release contains “forward-looking statements” within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. These statements include, without limitation, predictions and guidance relating to the company’s future financial performance and the research, development and commercialization of its technologies. In some cases, you can identify forward-looking statements by terminology such as, “may,” “should,” “expects,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “continue,” or the negative of these terms or other comparable terminology. These forward-looking statements are based on management’s current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements, as the result of such factors, risks and uncertainties as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, and (3) other factors detailed in the company’s public filings with the SEC, including, without limitation, those described in the Company’s annual report on Form 10-K for the year ended June 30, 2011 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements.
Director of Global Sales ElectriPlast Corp.
V.P. Corporate Development Integral Technologies
Integral Technologies Investor Inquiries:
SOURCE Integral Technologies, Inc.