Integral Enters Into Strategic Agreement with Conductive Composites
BELLINGHAM, Wash., Jan. 8, 2015 /PRNewswire/ -- Integral Technologies, Inc. (OTC-BB: ITKG) ("Integral"), an emerging light-weighting leader and its wholly owned subsidiary ElectriPlast Corp., announced the signing of a strategic Memorandum of Understanding ("MOU") with its long-time nickel plated carbon fiber ("NiC") manufacturer, Conductive Composites. "This is a significant milestone and commitment for us," stated Doug Bathauer, Integral's CEO. "We have extensively researched a variety of conductive fibers critical for the manufacture of ElectriPlast and found Conductive Composites to be the ideal specialty nickel plated carbon fiber supplier for us."
The agreement establishes a relationship in which Conductive Composites will establish a separate manufacturing line, in a new facility, dedicated to producing NiC exclusively for ElectriPlast. Integral will be supplying the equipment, and Conductive Composites will provide turnkey technical and operational support in manufacturing the NiC. "We're excited about this opportunity," stated Nathan Hansen, President of Conductive Composites. "We've created an incredible NiC product line, and there is no other company in the world capable of matching our quality and product consistency. Demand for our product across many different markets can make it challenging to meet the timely needs of a growing company like ElectriPlast. We appreciate the commitment Integral is making to always ensure the ready availability of our products for their customers."
Integral's patented ElectriPlast manufacturing technology produces an industry leading conductive thermoplastic pellet used for a variety of EMI shielding applications in the automotive, cable & wire, and consumer electronics industries. "The conductive fiber is a critical element in our product because it needs to be lightweight, electrically conductive and cost competitive," said ElectriPlast's CTO Mo Zeidan. "We have experimented with many conductive fibers and our technical analysis is that Conductive Composites NiC best meets those requirements. Conductive Composites is the only company that is able to customize the plating with state of the art CVD technology. This process allows precise plating levels with the best quality to optimize the electrical performance. In addition, this is critical for ElectriPlast since our Flexible Content Technology ("FCT") enables us to provide a variety of products to meet different customer shielding, weight and cost requirements."
About Integral Technologies, Inc.
(ITKG) ("Integral"), and wholly owned subsidiary ElectriPlast Corp, engage 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®, 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 technology. Applications for ElectriPlast 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, Bus bars and Terminals.
About Conductive Composites.
Conductive Composites develops and delivers conductivity-based polymer and composite solutions that answer the combined demands of conductivity and shielding performance in a lightweight materials systems. In essence, we make plastics and composites conduct and shield like metals, creating a whole new realm of possibilities and opportunities for plastic and composite products. We do this through the development and supply of Advanced Materials, the direct development of ready to field products using our materials and technologies, and by providing technical expertise through Partnered Development services. Please visit our website at:
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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, (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, 2014 as filed with the Securities and Exchange Commission and available at www.sec.gov, and (4) the parties may be unable to agree upon definitive agreements. You are urged to consider these factors carefully in evaluating the forward-looking statements.
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SOURCE Integral Technologies, Inc.