Latest ElectriPlast News... Dated: 3 January 2006
For Integral Technologies (OTCBB: ITKG), and their ElectriPlast technology, the Beginning of 2006 brings forth the first of a highlighted series of reportable events as forecasted by the company CEO, Mr. William (Bill) Robinson.
In the linked report below, Mr. Robinson offers the marketplace, and the company shareholders a corporate report card, detailing Integral's current status, along with a number of mentioned projections detailing the future as he and other affiliated parties (QuanStar) with a vested interest intend to mold it...
Integral's Chairman Issues Statement
January 03, 2006 09:30 AM US Eastern Timezone
BELLINGHAM, Wash.--(BUSINESS WIRE)--Jan. 3, 2006--Integral Technologies, Inc.'s (OTCBB:ITKG) ("Integral"), Chairman today issued the followed statement to the Company's shareholders.
"2005 has been a tremendous year for us. We have concluded our fourth year of development of the ElectriPlast(TM) technology and I thought now would be an appropriate time to highlight some of the milestones that Integral has reached over the past several years, as well as share with you some of our plans for 2006.
When we first set out to create ElectriPlast(TM), we laid out several key objectives:
-- To develop the first highly conductive plastic on the market along with a portfolio of its potential applications
-- To protect our intellectual property and our shareholders' value by creating and maintaining an extensive patent portfolio
-- To establish internal and external ElectriPlast(TM) manufacturing capabilities in anticipation of strong demand for our product
-- To initiate direct and partner-driven sales activities in a number of industries
I am pleased to report that we have successfully met our initial goals, and I believe that Integral is very well positioned to take advantage of its first mover status in the conductive polymer market.
Product Advancement
We have spent the last several years and more than $6 million developing and testing our breakthrough ElectriPlast(TM) material and its various applications. Several recent independent tests have demonstrated that ElectriPlast(TM) is the most highly conductive plastic available on the market today. Like plastic, it is non-corrosive and can be molded into practically any shape or dimension, yet it conducts electricity virtually as well as copper. Each electric, thermal or acoustic application of ElectriPlast(TM) that we have identified represents significant market potential in many industries, including automotive, aerospace, communications, electronics, military and medical devices, among many others. Antennas, electromagnetic shielding, RFID, heat release and non-corrosive wiring are just a few examples of numerous potential applications of our technology that have already developed, based on existing industry demand. The time is now, I believe, to bring ElectriPlast(TM) and its applications to the market.
Intellectual Property Portfolio
Over the past several years we have done a lot of work expanding and protecting our intellectual property portfolio, which we view as our core asset. Our IP consists of the ElectriPlast(TM) and over 90 applications of ElectriPlast(TM) in various industries. To date, we have received 12 patents on ElectriPlast(TM) applications, 7 have been issued, 5 have been allowed and are awaiting issuance, and 88 are pending. In the long term, we view Integral as a company that will generate most of its revenues and profits through royalties by licensing ElectriPlast(TM) and its applications to third parties. Therefore, I believe that the progress that we have made securing our intellectual property is of paramount importance to our future and the long term value creation for our shareholders. I will discuss our business model in further detail later in this letter, when I speak about our plans for 2006 and beyond.
Manufacturing
Whether we ultimately manufacture ElectriPlast(TM) internally or rely on third parties to manufacture it for us, we believe that our customers and our partners will depend on us to develop the best practices in production and to secure a reliable and efficient supply chain for our product and its applications. I believe we have made a lot of progress in this area in 2005. We have lined up several suppliers of raw material. We have enhanced our manufacturing know-how. Also, we have evaluated and are deeply engaged with several potential manufacturers that can produce ElectriPlast(TM) at high volumes.
Sales Activities
Having developed the product, secured the intellectual property and established the supply chain and manufacturing capabilities, we are starting to carefully and thoughtfully approach the marketplace with ElectriPlast(TM). We are currently in discussions with several large industrial companies about licensing of our product to them or creating joint ventures with them to develop and sell the applications of ElectriPlast(TM) to their customers. We have also engaged a strategic advisory firm, the Quanstar Group, LLC, to help us further commercialize our product and to structure and negotiate licensing agreements with prospective customers and partners. A number of companies have already tested our technology internally, and the initial feedback from the marketplace has been tremendous. We are more excited then ever about our Company's sales prospects, as we look forward to the next year and ramp up our sales and marketing activities.
Our focus for 2006
2006 is a go-to-market year for us. We plan to substantially expand our sales and marketing activities, focusing primarily on product licensing and joint venture opportunities with large suppliers to the industries that I have identified above. Under certain favorable circumstances, when we have an opportunity to enter into a relationship with a market leader or establish an important reference account that would additionally validate our product and position in a key industry, we may also sell directly to OEMs. That said, I believe that the bulk of our sales activities will be conducted through partners and third party suppliers with established industry distribution. We also plan to substantially outsource manufacturing to third parties, particularly in the long term. In 2006, we plan to dedicate significant attention to securing additional manufacturing relationships and diversifying our supplier base.
While sales and marketing are becoming the key area of focus for us going forward, we realize that our most valuable asset is our technology. It is important that we maintain our leading industry position and continue to invest in innovation going forward. Our objective for 2006 is to continue expanding and protecting our intellectual property, while sharing the cost of innovation with our partners and customers.
In conclusion, I would like to reiterate that I think we are on the cusp of seeing ElectriPlast(TM) achieve commercial success. I believe that over the next several years, we will be able to gain a substantial share of the conductive polymer market that has been projected by Business Communications to reach $1.6 billion by 2010. I want to thank you for your continued support over the past years. It has been an exciting ride for us, and we look forward to a very productive 2006."
Yours sincerely
William Robinson
Chairman & CEO
Integral Technologies
Integral Technologies, Inc. is the developer of an innovative electrically conductive resin-based material called "ElectriPlast," a highly conductive recipe that can be molded into virtually any shape or dimension associated with the range of plastics, rubbers and other polymers. Our IP consists of ElectriPlast(TM) and over 90 applications of ElectriPlast(TM) in various industries. To date, we have received 12 patents on ElectriPlast(TM) applications, 7 have been issued, 5 have been allowed and are awaiting issuance, and 88 are pending. Various examples of industries where ElectriPlast can be used are antennas, shielding, lighting, circuitry, switch actuators, resistors, and medical devices, to name just a few. The company is currently introducing these new products and ElectriPlast technology on a global scale.
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. Actual results could differ materially, as the result of such factors 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. By making these forward-looking statements, the Company can give no assurances that the transaction described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this release.
For more detailed information on the company and the technologies described above please visit our web site at http://www.itkg.net/ or contact Shareholder Relations at 888-666-8833 or The Investor Relations Group, at 212-825-3210. To review the company's filings with the SEC, please go to www.sec.gov.
Contacts
Integral Technologies, Inc.Michael Pound, 888-666-8833
posted by PK... | 1/16/2006 10:24:00 PM
2 Comments:
stumbled across this company by
accident, and have bought a few
shares.
looks very interesting. but they
are a little short of cash, and it
looks like they are quite aways
away from positive cash flow. do
you think they can survice this
period without taking on significant debt, or without
substantial dilution.
have you ever seen any predictions
for revenue for 2007 and beyond.
thanks
Arlanake ~ On the positive side, you stumbled in with good company.
Congratulations on joining the shareholder team, though many here have their own interests at stake--for the moment, we are each focused on one singular target . . .
the success surrounding ElectriPlast and Plastenna, and the eventual price per share.
As for your question regarding predictions on revenue, some who have posted here, or emailed me privately, have spoken often about a Mr. Tolbin Smith's interest in this company, and praise his ability to forecast/pick stock plays and the details associated.
Unfortunately, I am not that caliber of an investor. I research companies, their products, the potential impacts, and the trends and histories of the company management. All this is done in order to predict a logical path of probability for the company and it's prospective future.
In this company, I have seen a gambit, but I have seen the management learn from former lessons and resolve not to make similar mistakes.
One thing that gives me hope, actually two things, are:
the solid stance on obtaining PATENTs on their IP despite some missed opportunities--which in many cases turned out not to be opportunities at all.
the potential impact surrounding the product at hand. Intel is huge today because of its one-time niche market. Now they are trying to expand in other areas--their WiMAX foray for instance is an example of their ability to adjust with an ever-changing marketplace.
Integral and their ElectriPlast material, with over 100 patents and patents-pending have a similar synergy, and the will to take whatever market it exploits by storm.
The debt question you pose is key, and has caused many some concern, especially during the recent proxy vote. If you are asking for my opinion, I can say that the company has the funding--without touching those added shares--to push their product to market.
In other words, Money Is Not A Concern. If you are asking whether or not they are frugal about their funds, or better, will this recent influx of cash go to the company management's heads?
Once again I would have to say NO.
What many do not understand is that the management and some of their employees (in the early days of this company) went to work without pay, no yearly bonus, no nothing. Home loans were used to support the company, some employees were paid only in stock for a time.
Even today, were you to visit the company in Bellingham, you would find their offices sparse--no frills, no outlandish expense accounts.
I would describe their money management as learned and frugal.
I say learned because they survived something that spelled doom for many other companies about 6 years ago. DEBT.
Integral had a Debt Agreement with a company called Schwartz. Although made in good faith, Integral at the time hit upon two stumbling blocks that most companies never bounce back from--a drastic turn in the stock market due to the Dot.Com bust, and a frivolous lawsuit initiated by IAS Communications. The lawsuit was bogus, but the fact that it tied-up Integral's resources, and held up their planned marketing campaign to an emerging WiFi market hit hard, and many investors were scared away by the onslaught of this double whammy. Triple if you count on the fact that the loan with Schwarz had already been initiated.
Learning from their various lessons, Integral came back and resolved not to fall prey to any of the issues which almost lambasted the company--hence the PATENTS; hence their association with Preston, Ellis & Gates; hence their association with QuanStar and a number of financial firms and advisors.
Sorry for the history lesson and numerous spelling errors, but to be honest, funding is not a problem--and if what some of those who report what Mr. Smith notes is true. . . well suffice it to say, debt not even a distant worry.
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