Integral's Asian Molding Partner, Chang Rim, Completes Initial Delivery of Mobile Consumer Device
EVANSVILLE, Ind., Feb. 2, 2016 /PRNewswire/ -- Integral Technologies, Inc. (OTC-BB: ITKG) ("Integral"), an emerging light-weighting leader and its wholly owned subsidiary ElectriPlast Corp., today announced that its Asian molding partner, Chang Rim Inc. ("Chang Rim") had completed its initial delivery of a mobile consumer device with a first run of [3,000] units shipped to its customer.
"We are currently working with a number of distributors to coordinate the product roll-out to various countries," stated Mr. Kwon, President, Chang Rim.
"We have been working closely with Chang Rim on the material formulation to optimize performance and reduce cost," stated Doug Bathauer, Integral's CEO. "We are at work with our Korean manufacturer, Hanwha Advanced Materials ("Hanwha"), to ensure that we have the local manufacturing capacity in place to support Chang Rim's anticipated demand for their automotive and mobile device projects." Chang Rim's yearly demand is expected to be 50 tons for the mobile device application.
Chang Rim is a specialty molder based in Daegu, South Korea focusing on high margin plastic injection molded products for a variety of industries including automotive, consumer and industrial products.
About Integral Technologies, Inc.
Integral Technologies Inc. (OTC-BB: ITKG) 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.
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SOURCE Integral Technologies, Inc.