ElectriPlast Provides Automotive Update
EVANSVILLE, Ind., April 27, 2017 /PRNewswire/ -- Integral Technologies, Inc. (OTC-PK: ITKG) ("Integral"), and its wholly owned subsidiary ElectriPlast Corporation, announced today ElectriPlast's conductive material is in final product validation with an Automotive Tier 1, for use in an automotive optical electronics application. ElectriPlast material was chosen for this application because of its superior shielding performance compared to other solutions.
If selected, the ElectriPlast application will be part of a 2018 global automotive platform going into approximately two million vehicles. The ElectriPlast component has passed the design validation phase and shield effectiveness test results have exceeded specified requirements. Integral is seeing continued demand from the automotive sector as automakers continue their push towards lightweight and electrification.
"The automotive development cycle is long and very competitive, we are excited to be this far down the path on a program of this magnitude. We are pleased to be working with a Tier 1 with such innovativeness and global reach. We've been working closely with their engineering team on the development of this application. The prospect of two million cars rolling off the assembly line in 2018 with an ElectriPlast component is a game changer for us," stated Mo Zeidan CTO of ElectriPlast.
About Integral Technologies, Inc.
Integral Technologies Inc. (OTC-PK: ITKG) and wholly owned subsidiary ElectriPlast Corp, engage in the discovery, development, and commercialization of electrically conductive hybrid plastics used primarily as raw material in the production of industrial, commercial and consumer products 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, 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, and Batteries.
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, (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, 2016 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
Corporate/Media Inquiries/Investor Inquiries:
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/electriplast-provides-automotive-update-300447192.html
SOURCE Integral Technologies, Inc.