ElectriPlast: Breaking with some Good News...
Integral
makes
Sea Change
Disclosure
By: BusinessWire,
August 19, 2009 1:18 PM ET
Integral Retains Former Chief Technology Officer of the Electrical Division of Lear Corp.
Integral Technologies, Inc. ITKG (“Integral”), is pleased to announce the appointment of Mohamad (Mo) Zeidan as Consultant to Integral. Mr. Zeidan will focus his efforts on the commercialization of Integral’s proprietary ElectriPlast™ technology.
Integral’s Chairman and CEO, William Robinson said:
“We are excited to welcome Mo to Integral. Mo and his team bring their extensive experience in the automotive industry in the areas of wire harness and electrical systems design. They have worked with all the major automakers such as Ford, Chrysler, Toyota, Mitsubishi, GM, Honda and Nissan. Recently they have worked on the development of hybrid technologies.”
Mo and his team will structure the work with the customer for all phases: Pre-Award – Prototype and Production. They will identify partners for joint development of our customers’ products utilizing ElectriPlast™, and take it through product implementation, including prototype testing to secure technology approval and validation, and secure awarding of contracts.
In addition Mo will be exploring the development/commercialization potential of new techniques for coating any conductive wire with ElectriPlast™.
Mo has over 25 years of experience in automotive engineering and engineering management. At Lear Corp. he was the Chief Technology Officer and Director of Hybrid Engineering, creating the Hybrid Engineering Department that developed innovative technologies resulting in major business growth. Prior to Lear, he worked at United Technologies Automotive “UTA” for about 14 years in Advanced Engineering for many Global OEM programs from Advance Phase through Production Launch being the complete life cycle of the technology.
Commenting on the opportunities for ElectriPlast, Mr. Zeidan said:
“My research into ElectriPlast’s™ physical and electrical attributes as substantiated by independent test results demonstrates that ElectriPlast™ is an extraordinary technology possessing unique qualities.”
“Based on my experience commercializing new technologies, I envision numerous opportunities for ElectriPlast™ in the automobile of today and of the energy efficient automobile of the near future. Equally exciting is the opportunity to allow suppliers of everything from connectors, to fuses, to wiring, to shielding or virtually any other electronic component to improve their methods of production by incorporating any of the 41 patented uses of ElectriPlast™. This technology will be migrated to other transportation systems such as Hybrid/Electric, and other applications such as wind power, solar, appliances and industrial applications.”
William Robinson went on to say:
“We are confident that Mo and his team have the experience necessary to recognize the merits and the potential of ElectriPlast™ and identify market opportunities for ElectriPlast™, and they possess the capabilities necessary to achieve successful penetration into various markets.”
“Mo and his team provide us with an enormous opportunity to capitalize on the shift towards a green economy in the U.S. The unique characteristics of ElectriPlast™ -- including weight savings, cost savings, design combination and flexibility, conductivity, non-corrosiveness, place ElectriPlast™ in the forefront of the emerging 'Green' automotive industry.”
Integral Technologies
Integral Technologies, Inc. (www.itkg.net) 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™ and multitudes of different applications pertinent to a wide variety of industries. Currently, we have filed 119 U.S. patent applications, 41 of which have been issued, 1 which has been allowed but is pending issuance and 77 of which have been filed and are pending approval and 40 of which have been rejected. No assurances can be given that all patent applications will be approved; however, to the extent that patents are not granted, we will continue to attempt to commercialize these technologies without the protection of patents. 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(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 to http://cts.businesswire.com/
posted by PK... | 8/19/2009 09:30:00 PM
6 Comments:
What - No one wants to comment on this latest announcement from Integral...
Well then, I will.
First, the sea-change moment I noted in this episode's title. The sea-change is that Integral's CEO is "finally" reaching out to experts to get this show on the road. A long waited turn of events to be certain. The team recently brought on board have a unique set of ambitions to ensure ElectriPlast gets the product placement it deserves (and to make a hell of a lot of money in doing so as the value of ElectriPlast becomes realized)...
The only hinge on this potential is HISTORY.
Integral's CEO, William (Bill) Robinson has explored this avenue in the past, bringing on individuals with stellar reputations, and the inside-ability to mobilize our company's product and stock interest.
And how is that working for us now?
Well, literally months after Ravi's introduction to the Integral corporate landscape, he disappeared -- I hear tell that there are reports that some of his body parts are still being recovered out in the corporate jungle of Washington State.
Likewise, Tom Aisenbrey is no-longer a fixture at Sozo's Coffee Cafe in Jasper Indiana, and has seemingly disappeared from view, leaving those who care to wonder: Where in Carmen San Diego are his remains?
What I am saying is that there is history associated, but also that this could actually be a sea-change in events driving this company, their managerial styling’s, and hopefully this overall investment out of its past ruts and onto a new path based on real success.
This sea-change could, just could be a sign of other changes to come in Integral-World. With this introduction, we could very well begin to see signs of TRANSPARANCY--a must if an emerging or well established business is to thrive in any market, but especially today’s. We could see more consistency on the Investor Relations front (where words uttered to those who call asking for insight actually become reality and the damnable word "SOON" that applies to an anticipated milestone which never-ever sees the light of day, is never uttered again). We could see Bill Robinson own-up to his earlier commitment of passing the reigns of leadership onto a "real" corporate management team, which has a board of directors and is responsible (and answerable) to its share/stakeholders in addition to the financial players and customers associated to this venture -- this would be a day to celebrate.
All-in-all, we could look at this sea-change as an extremely good deal, especially if it results in ElectriPlast sales. Ambition is the key, and ElectriPlast product placement in the automotive, battery, and other approachable light weight/conductive markets is needed, and needed NOW!!!
If what we are actually seeing with this announcement is indeed a sea-change, then, we can take that as a positive sign for oncoming changes to our investment's better fortunes.
PK sends...
Well, I'll comment on the lack of comments. It's because so many of us oscillate between exasperated frustration and hope, and at this point, very little other than REAL TANGIBLE sales will alter our dour moods... there's only so much energy one has for speculation, which this company has pretty well exhausted.
Unfortunately, there is no "sea change". It's business as usual at Integral. No transparency. We remain under the veil of mis-truths and b.s. Promises that are forgotten and time tables without a clock.
The very, very, very, important 3rd party test results that were first promised in mid March 2009 and then promised, after being delayed by the testing facility, to be released immediately after they were completed in mid June 2009. Where are they? It is now mid August 2009. These tests are the absolute vehicle needed to prove to the potential clients, the markets, the shareholders, and to the world that Electriplast does indeed work. These are not frivolous stats or p.r. This is the Birth Certificate, the Passport, The Bible of what this technology/product is all about. These stats are an urgent matter.
These test results will be the absolute most important information that this company has ever released. This will probably be the only real truth that this company has ever released. Where are they? Yeah, yeah, yeah, there are delays in transcribing the information for the public to understand. ITKG paid so much money for these tests (that should have been completed and released years ago). You've paid the money for the tests now hire an engineer to transcribe them and get them out to the world. Put the money (our money) where it is needed. Forget these lame press releases that you pay IRG to cook up. Release the truth. Release what you've promised. We need the test results...
and...who is on 'Mo's team...'? Or is Mo just another lucky winner of ITKG's consultant lottery?
I have to agree with the "no sea-change" poster.
This is not the first time we have heard grandiose proclamations from new partners.
From a Nov. 6, 2006 press release:
"Jasper’s CEO and President Doug Mathias, commenting on Jasper becoming the official manufacturer of ElectriPlast™ said, “This groundbreaking agreement positions Jasper to contribute to the long-term success of Integral by providing a solid manufacturing source, while delivering ISO/TS certified quality, for the family of ElectriPlast™ materials.
We believe the potential of this large scale agreement combined with the future opportunities of ElectriPlast™ materials will not only provide a new area of direction for Jasper, but will revolutionize the electrically conductive materials market.
The execution of this manufacturing agreement places Jasper squarely in the middle of potentially, one of the largest technological advancements ever to occur in the rubber and plastics industries, and we are proud that Integral has selected us as their worldwide manufacturing partner.”
Three years later we still have yet to see Mr. Mathias`s Engineering and Lab staff so much as document Electriplast`s capabilities.
Three years later we have not seen Mr. Mathias`s Sales staff secure a single revenue producing contract for Electriplast.
Instead, we get "MO", whose credentials seem every bit as authentic as Doug Mathias`s. And whose forward looking statements are just as glorious as Doug`s were.....3 years ago.
Who do "Mo, and his team" work for? I would have thought that was an important bit of information to leave out. Or is it just another unspoken mystery from behind the curtain in Vancouver, BC.
A bird in the hand....
It appears that production is up at Integral. production of their only product: hopeful announcements. It is amazing how investors who have seen this behavior so many times before can once again be deluded. It is a study in human psychology.
I find this entire "pumping" approach at Integral tantamount to fraud and detrimental to the country's economic growth. Hard earned money from investors is being wasted on lawyers, consultants and the principles of this company with no tangible results at all. Nothing. This same money could be applied to bona fide startups that actually have test results and prototypes backed by solid science. Its really a shame but might serve as a valuable learning experience.
Integral's finacials clearly show that they are on the rocks - out of cash. So another flourish of promises and new faces is in order to bolster the stock price and keep the sham going.
Post a Comment
<< Home