ElectriPlast: In Doug We Trust . . .
New Year
Expectation
Expectation
By Vince S.
ElectriPlast Blog Editor
ElectriPlast Blog Editor
“We continue to be excited about the future of ElectriPlast™ and believe 2008 will lead us to commercial success.”
Doug Mathias
CEO and President
Jasper Rubber Products, Inc
CEO and President
Jasper Rubber Products, Inc
Serendipity (n.) Making Pleasant, Valuable, or Useful Discoveries by Accident
History is replete with stories of serendipitous discoveries. Archimedes, Columbus, Bell, and Goodyear are among thousands who have made signature discoveries by accident or while looking for other results. Serendipitous discoveries have also been part of the Integral Technologies story. The first such discovery happened when Tom Aisenbrey, in his laboratory in Bellingham, Washington, looked at plastic as a way to rustproof a galvanized metal flat antenna. ElectriPlast was the ultimate result of his experiments.
The second serendipitous event in Integral’s story happened when Doug Mathias, the CEO of Jasper Rubber Products (JARCO), in Jasper Indiana, 1900 miles east of Bellingham, read about a new electrically conductive resin-based material called ElectriPlast. The 24-year Jasper veteran saw an immediate correlation between ElectriPlast and the products JARCO manufactured for its 600 customers in the automotive, electrical appliance and other sectors, so he made a cold call to Bellingham and Tom Aisenbrey. Integral was looking for a facility to produce ElectriPlast and JARCO was looking for an opportunity to take its business to the next level, beyond $70 million in revenue.
After months of negotiations, the perfect match that happened by pure chance was formalized between Integral and JARCO. Why was this match perfect? Well, Integral had the intellectual property, scores of revolutionary ElectriPlast patents, and numerous contacts who had signed non-disclosure agreements. What they lacked was a trusted production partner.
Enter JARCO.
Mathias and company brought industry certifications and accreditation, an ISO testing capability to verify the viability of ElectriPlast, a 330,000sf automated production plant, proven marketing expertise, a top flight sales force, and strong distribution and back office support to this equation. Also, JARCO was eager. The 800 employee-owners who saw an opportunity to move their company to the next level enthusiastically jumped on the ElectriPlast bandwagon.
Expectations Rise for the New Year
After a circuitous route that took shareholders through inordinate legal, administrative and organizational delays, shareholders now acknowledge that there are ‘Light-Emitting Diodes’ at the end of the ElectriPlast tunnel. In their remarkable press release, Integral underscored the importance of the JARCO partnership by sharing important feedback on future prospects with Doug Mathias. This is as it should be because JARCOs extremely successful commercial track record brings a level of credibility and renewed optimism to the Integral equation. Specifically, JARCOs manufacturing expertise, market share, Fortune 500 customer base and storied history of providing quality products to satisfied clientele. These standards of excellence will compel more JARCO customers to focus on ElectriPlast. It is clear to all but the most casual observer that this 58-year-old company has closely allied its future growth to ElectriPlast.
Many shareholders agree with the message from Jasper. Moreover, they are holding on to their shares because of the depth of JARCOs’ involvement and the belief that the combination of ElectriPlast and JARCO will take both companies to higher levels Ergo, “In Doug We Trust,” isn’t a catchy headline as much as it is a statement of belief by shareholders, many of whom are undoubtedly working at JARCO. A series of positive statements by Doug Mathias, who said that they are “squarely in the middle of potentially one of the largest technological advancements ever to occur in the rubber and plastics industries,” as well as the quotation linking 2008 to “commercial success,” have helped to raise expectations for the new year. Indeed, JARCOs involvement with Integral has gone a long way toward giving ITKG shareholders the courage to hold their shares through bleak times when market trends advised otherwise.
So What can we Expect in the New Year?
For starters, ElectriPlast is the only conductive plastic with the capacity to handle heavy current. This and our extensive intellectual property will give us a significant head start in what promises to be an exciting technological arena. Our “growing and varied customer base,” according to CEO Bill Robinson, contains 43 potential customers in Fortune 500 companies in industries such as antennas, apparel, appliances, audio and visual, automotive, aircraft, communications, computers, consumer electronics, heating, heavy equipment, industrial, lighting, military, mining and construction, power delivery, shielding, sporting goods, and wiring.
Despite the current share price, the last press release spells optimism for 2008. Contracts and purchase orders have been the long-sought objective since the inception of this company. Now, with Integral Technologies and market-savvy Jasper Rubber Products collaborating as never before, 2008 as the year of our commercial success seems certain.
Stay tuned, folks.
posted by PK... | 12/30/2007 11:30:00 PM
11 Comments:
Hello PK,
I was surprised to see that you have removed my last message from your blog, did you find it a little too controversial?
Well, I am not crossed; I think that it highlighted the fact that you are probably very much aware of where this stock is heading to and that’s not up!
I think that JASPER is probably in danger of jeopardising their reputation in this story. I believe ITKG probably have grossly overstated what their product is capable of and have lacked lucidity. They would have realised that equivalent products are already available from many suppliers such as RTP, Coolpolymer, Chomerics, etc.
Ha well, it is going to be interesting to find out who is going pick up the pieces.
To the first Anonymous Poster:
Your earlier posting on the EB's Comment Page was deleted primarily because it was considered SPAM.
I did not respond, or answer because I reserve the right to interact with those who have a sincere concern or interest for this investment. The tone in your last did not reflect that, and the apparent agenda within the context of the message left little doubt as to the character or intent of the writer.
Now, I note that your post was considered SPAM basically because it was later reported that you, or you as an alias repeated that same posting on numerous message boards very shortly after your opus was presented to the EB.
While not in a rush to judge, I had (and continue to have) little doubt that any response I chose to offer to that opus would have been similarly spread and far and wide with the context of my response similarly stretched far and wide to suite whatever agenda you or others ascribe to.
In regards to this post...well, suffice it to say, I am thrilled that you have chosen not to be crossed...
To the second Anonymous Poster:
Thank you for re-affirming my belief that the EB's audiance is apt and clever.
In your response to the first poster, you called a Spade-a-Spade, seeing through the smoke & mirrors presented by a "SPAM-artist" with a hidden agenda...
Cheers and best regards for the New Year,
PK sends...
I recently came across the following excerpt in an aerospace industry report. Some might find this interesting as it provides some insight into a very relevant industry for ITKG.
Aircraft parts manufacturers may see increased demand for parts made from composite materials, due to a desire for more fuel-efficient and corrosive-resistant aircraft. The use of composites over the last 30 years has grown from less than 5 percent in the Boeing 737 and 747 to about 50 percent in the Boeing 787 Dreamliners scheduled to be delivered in 2008
Anyone out there know if Jasper employees have any restrictions with regard to owning ITKG stock?
To those responding to the EB and asking questions -- thank you for taking the time to do so here...
First to the individual posting on 12 January: You are correct -- the aerospace, along with the auto industries are probably the initial, and most flexible entities work hardest to apply ElectriPlast technologies, then again there is the consumer markets to consider -- from light & heating elements to industries that produce power conducting cables to a segment that spends more energy pumping power along the lesser conductive Aluminum power lines...
While the aerospace industry is making noticeable in this direction, I think you will find that conductive plastics will emerge on many fronts in the very near future.
And to the second writer posting on 18 January: In regards to your question on JARCO employees and limitations to their ownership of ITKG stock.
To be completely honest, a number of investors are from the Jasper area. As a matter of fact, I think that JARCO first realized and investigated the Integral-fit because a number of these investors saw the potential, and brought it to the BoD's attention.
As for "restrictions" -- there are some restrictions placed on JARCO employees, but—to my understanding—not in ownership of Integral stock... More the limitation in-place is based on preventing industrial espionage. Those working the ElectriPlast project, or even in or around areas involved in the processing, creation, etc., sign a NDA.
It must be said though, that these are people who own and continue to purchase stock in ITKG.
Is that as a result of their on-the-ground knowledge, who can say? Certainly, none are speaking publically to that fact.
Now to the White-Elephant in the Room...
The drop in pps over the past few months. This is a serious concern for many investors and market watchers who ask themselves -- Does the drop relate to immenent stock failure; Does the drop point to problems taking place behind the scenes; Or is the drop due to apathetic or indifferent communication initiatives coming out of Bellingham?
As I said, lots of questions -- Questions that Bill Robinson will soon have to contend directly with.
In saying that -- first, I reiterate that JARCO is fully behind the ElectriPlast project, and sees their future bottom line impacted in a positive manner.
Secondly, in regards to rising questions, and Bill Robinson's response to quell the tide of growing concern over the stock's performance, there is a rumor that, such an event will take place shortly.
More to come...
PK sends...
"As I said, lots of questions -- Questions that Bill Robinson will soon have to contend directly with."
Why all of a sudden will he now have to contend with these questions when he's gotten away with an information blackout up until now and shows no disposition to communicating with shareholders? Who's going to exert the pressure necessary to get him to be more forthcoming?
"Secondly, in regards to rising questions, and Bill Robinson's response to quell the tide of growing concern over the stock's performance, there is a rumor that, such an event will take place shortly."
So much for the rumor. Haven't there been rumors along these lines before throughout 2007 regarding updates, test results, etc.? Again, what pressure will be brought to bear to bring something like this about when investors have been unhappy for years without Bill ever taking any action?
Fair questions both...
For the past year, in my opinion; Bill Robinson has been more than elusive. In saying this, I mean that his job as the CEO is to promote his company. If you have been awake, you as I will note that there has been little in the way of promotion taking place, and the new year has not seen a review of things past with a forward look to the future. In short, investors, partners, and other interested parties want, and need this discussion to take place. For the continuance of this stock it has to take place, or else the stock will run the risk of death from hundreds of thousand of minor cuts that follow the mantra--"there's always the Bid".
As for pressure behind this push for a strategic conversation, well, if I want to add logic to the Q&A, then I will have to note that Bill Robinson also owns stock in this company. If he loses the support of outside forces due to waning belief or because of the lack in vision or integrity, then the stock will lose price per share -- despite the fact that the ElectriPlast product--as attested to by JARCO--works and is extremely marketable.
Now, if Bill Robinson is willing to watch his own shareholding stake needlessly evaporate, and has no real care over that fact, then I guess there is no incentive to encourage a conversation, and no real sense in staying, because simply said, the driving forces which make him tick as a CEO then become an unfathomable mystery to all...
I don't think Mr. Robinson is such a lost cause. He has the same interests as the rest of us; he just has a problem in communicating the vision with what should be his most valued asset and primary corporate stakeholder -- the investors... This might be reason to employ a successful business trend and move the company beyond this glass ceiling... That is by instituting a Board of Directors where vested stakeholders with a myriad of strengths and experience can share in the corporate burdens, while addressing the full spectrum of company related interests--to include that of satisifying the information interests of the company's investors.
PK...
"Secondly, in regards to rising questions, and Bill Robinson's response to quell the tide of growing concern over the stock's performance, there is a rumor that, such an event will take place shortly."
Was today's stale, rehashed PR piece the response from Bill you referred to? Geez, I hope not. However, it does appear to represent the amount of effort Bill is willing to contribute towards communication so I wouldn't be surprised if it was...
Very sad to see the latest news after a long wait for this nothing news bit. Really not any help to us long time folks. Its a good slap in the face and kick in the back side if you were told new news was to come soon like many were told.
I couldn't agree more. What a joke this is. I've been waiting for the right time to sell the rest of my shares, and today was the day...
It is almost 6 months into 2008, and we have no new information that I can find. If this product is the real deal, I would think something positive would be released. I e mailed ITKG, and the only response I got was to phone them and we could discuss it.
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