Conductive Plastics Leader Integral Technologies Prepares for Accelerated Growth
BELLINGHAM, Wash., Aug. 15, 2011 /PRNewswire/ — Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), makers of the ElectriPlast(TM) line of electrically conductive resins, announced today the formation of ElectriPlast Corporation, a wholly owned subsidiary of Integral which will function as the operating entity responsible for the commercialization, sales and marketing of ElectriPlast(TM), Integral’s patented line of conductive plastics. The newly formed entity, based in Philadelphia, will be directed by Herbert Reedman, a former automotive retail executive and recently appointed member to Integral’s board, who will act as President and CEO of the newly formed ElectriPlast Corporation.
“This is a strategic and very positive move for Integral,” states Bill Robinson, Chairman & CEO of Integral. “We are seeing accelerated demand in electrically conductive resins and we want to take full advantage of our position in this emerging market.” In making the announcement, Reedman will take full command and control of Integral’s coveted line of conductive resins which includes over 80 blends and is said to be the most comprehensive line of conductive plastics in the industry.
“Under the ElectriPlast corporate banner we are a company with a single purpose and a central focus,” said Reedman. “Clearly we know who we are, industry will know who we are and our message will be clear; we manufacture and market the industry’s most comprehensive line of conductive plastics. That is our specialty, our sole focus and will prove to be our competitive advantage as we continue to introduce new products into the marketplace.”
The announcement of the new ElectriPlast Corporation follows Integral’s most recent product launch of ElectriPlast(TM) EP-CF/66, a polyamide (PA66) and nickel plated carbon fiber composite and the latest in the line of ElectriPlast(TM) conductive resins brought to market by Integral.
Applications for ElectriPlast(TM) conductive plastics include everything from wire and power electronics, to shielding, antennas, capacitors and medical devices. Interested industries include consumer electronics, aerospace, military, automotive, lighting, heavy industry and life sciences as designers and engineers look for ways to make their products lighter, more portable or more fuel efficient.
Integral Technologies has been recognized as “One of the 50 Best & Brightest Companies” by MBD Capital, while ElectriPlast(TM) has been recognized as “Best of What’s New” by Popular Science and “Best Innovation” by Innovations International.
Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), (www.electriplast.com) 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 line of non-corrosive, electrically conductive resin-based materials 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.
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, 2010 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 herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
Contact: Doug Bathauer 812-455-5767
SOURCE Integral Technologies, Inc.