Welcome to the world of ElectriPlast!! This Blog is dedicated to open and honest discussion on Integral Technologies & their intellectual property (IP) known as ElectriPlast. Discussions on this Blog include: Historical Perspectives (Integral & its Products); Management Profiles; Patents; Production Issues; Tech Spin-offs; Product Speculations and Time Tables; The Game Plan; Media Relations; Corp Supporters; Shareholder Impressions; & the Latest News.

My Photo
Location: Bavaria, Germany

I am a retired US Government analyst, currently residing in Germany. I am also a shareholder in the company called Integral Technologies (OTCBB: ITKG), and have a desire to enlighten and share its great and still emerging story. I am well read, focused and appreciate challenging interactions which spark creativity and develop enlightenment. That is why I created the ElectriPlast Blog, and the reason I am here.

April 03, 2010

ElectriPlast: News From Jasper...


Called a:




By Dan Latini,
Evansville Courier & Press
Posted March 28, 2010 at midnight

ElectriPlast Blog Publisher Note: Not to steal thunder from the article's linked below -- good words, great insight, well worth reading. PK sends...

Material made at Jasper plant provides conductivity within plastic, replacing metals

"The benefits to Jasper Rubber go beyond ElectriPlast itself."

Courier Press Article - "Plastic Collaboration"

Indiana Economic Digest.com - Reiteration of the above article

Plastic Injection Molding Manufacture.com - Reiteration of the above articles


Anonymous Anonymous said...

IF, in fact, "...over 40 companies have tested the material.", and IF this material is above and beyond the rest of the competition, then why haven't any of those companies PURCHASED the material? I still think the potential is great, but potential is just that, potential. Still hoping...

April 05, 2010 5:27 PM  
Anonymous Anonymous said...

Timing is everything....Why should anyone be surprised that this fluff article showed up three days before the end of the quarter that was supposed to produce all sorts of wonderous news.

* No contracts

* No new named suppliers or applications

* No 7 other plaque data sheets

*Pictures of, but no test data for a single prototype.

A new dose of forward looking statemants and a handful of excuses, with no merit, for why none of the previous forward looking statements worked out.

The lack of independent test data for 3 1/2 years is akin to my dog ate my homework. And this from the lips of Jasper`s Sales Manager.

Jasper has been in business for over 50 years and they would have you believe that their best effort to bring a new material to market is a grinning Doug Mathias in a 20 second YouTube video claiming "it works". What works, Doug? Your sales manager is crying for help in a local publication and this is the best you can do?

Timing IS everything.

April 05, 2010 6:34 PM  
Anonymous Anonymous said...

Is anyone going to this bright lights conference? Any idea who will be presenting on behalf of ITKG?

April 14, 2010 4:40 PM  
Anonymous Anonymous said...

Who cares? Really.

This company doesn't need any more PR or exposure. They've had plenty of that - and absolutely nothing of substance has occurred. Dozens of companies have looked at it under NDA and all have passed. All we get now is more hype, more "potential", more "possibilties" and more licenses with un-named licensees. We need RESULTS - in the form of sales.

It may be the Bright Lights Conference - but this company is a Burned Out Bulb.

April 14, 2010 9:47 PM  
Anonymous Anonymous said...

Ah yes "potential". Well, I have news for the previous poster. What do you think the price per share reflects for a company like ITKG (or any public company)? Most of the price is based on future expectations and yes, "potential". For a company that essentially has zero "material" tangible assets, such as ITKG, the share price is all based on the potential of those intangible assets (i.e. patents) to produce revenues.

I'm sure you know this, but it's the intangible assets on a company's balance sheet that have the highest required rate of return (i.e. they are the riskiest class of assets). As an investor in ITKG you have to be aware that the risk is high, but as an investor you also know that with the risk there is the "potential" for a return that reflects the risk. As I have mentioned previously, the intangible assets that are being put into play by ITKG take time. Ask yourself, if you ran a business that was letting employees go (sound familiar to anyone) how willing would you be to invest in new technology? It's not easy....
Some may debate this but the economy is showing signs of recovery, and a seasoned investor knows what that means - you guessed it "potential".

April 15, 2010 5:52 AM  
Anonymous Anonymous said...

Pigs have the "potential" to fly, one might say.

Another might rebut - "but they have no wings, their aerodynamic properties are dubious and their means of propulsion is dubious, at best". Also, there have been no verified sightings of flying pigs - only unnamed sources have made the vaguest hint of seeing one airborne.

"Oh, but I BELIEVE that pigs will fly...someday".

I think the seasoned investor looks for more than mere "potential". She looks for some evidence that the potential will become reality - and that has always been the argument here. There has never been anything concrete (let alone substantiated) - just more assertions of the "potential" of this hopelessly land-bound pig.

April 15, 2010 11:18 PM  
Anonymous Anonymous said...

Bullseye !!!

All the lipstick in the world can`t hold a candle to a pair of real wings.

April 16, 2010 7:40 PM  
Anonymous Anonymous said...

Although the headlines of each blog are informing, some of the comments are becoming very negative. The tone sounds like many I have read on Yahoo, which I quit reading. Are these industry bashers from competitors, or just disgruntled investors, or worse? I suspect they have infected all forums of discussion on this product. Anyway, Although I have never seen the product, I have followed this company for a some time and I see a huge potential here. Yes, the world economy is slow now, but things will turn around and these new technologies will shine in days to come.

April 19, 2010 5:49 AM  
Anonymous Anonymous said...

Perhaps the comments are negative but they also are factual and very, very relevant for the most part. They reveal that there is a total lack of substance at Integral and, after 10 years, that is very suspect. No product sales, no applications, no revenue-producing license contracts and very little product data. And what little "news" we see shows the company grasping at any and all possible applications - with no results. It shows an almost complete lack of corporate strategy.

The comments also point out Integral's repeated failure to meet the commitments and promises that they themselves have made.

If the only facts and developments that people can find are negative, is that "bashing"? Or should we all turn a blind eye to the negative and cheer all the unsubstantiated "developments" and unproven assertions?

No - when you ask for public money, you need to be able to address the public scrutiny. Only Integral can stop all this "bashing".

April 19, 2010 10:00 PM  
Anonymous Anonymous said...

You do have a point about Integral being the only one that can stop the bashing.

The following isn't necessarily addressed to the previous poster: I understand a healthy scepticism (I have it), but what I still can't figure out is the individual that continuously hammers the company and obviously continues to follow the company's story. Why waste your valuable time with following the company and posting? By the tone of some individuals (here as well as other boards) they appear to be convinced nothing will ever become of electriplast. If so convinced do you have proof? That would be worth posting and sharing with those you feel are being kept in the dark and being taken advantage of. Better yet, if you have the proof electriplast doesn't work and management is running a scam, report it to the authorities and get your reward. Otherwise don't bother posting your negative (unproven) guesses and start taking some finance/investing courses. Educate yourself about IP and the associated risks....
By the way, it sounds like the SEC may have pulled their heads out recently so maybe you can make some headway if you have the proof.

April 20, 2010 7:32 AM  
Anonymous Anonymous said...

Guess what??? You are not the target audience.

You`ve already made up your mind. You`ve probably already committed resources. Nobody is asking you why you are here. Nobody cares.

It is just as important, or possibly even more so, for those who have not committed resources yet to see both sides of the issue.

Fair and balanced as they say on FOX Network.

Don`t like what we have to say? Turn the channel. Go make some popcorn. Or.....if you can find an actual fact....debate us. I`m sure we are up to the challenge.

April 20, 2010 5:51 PM  
Anonymous Anonymous said...

Both sides of the issue?? Are you really delivering both sides? Your post sounded rather one sided to me.

April 20, 2010 6:17 PM  
Anonymous Anonymous said...

It would be redundant for me to re-state what y`all do so well. And I know I can`t count on you to tell my side. You might say we`re a team. That`s where the balance comes in. So what`s the problem with that?

April 21, 2010 12:10 AM  
Anonymous Anonymous said...

Your side? As in a "non-shareholder with an axe to grind" side? Why do you even *have* a side? I know . . . it's all about truth, justice and the American way. Glad you've got my back.

April 21, 2010 2:44 AM  
Anonymous Anonymous said...

An axe to grind? I see. You`ve already made up your mind why we are here it would seem.

I don`t see a requirement that you must be a shareholder on this board or any of the others that I visit.

The truth is that in the 8 years since Plastenna`s introduction, the companies management has successfully been able to stifle any discussion that would prove that Electriplast/Plastenna actually works as they claim. At the same time they have provided little proof of their own. And the marketplace has provided none. The result is that you can no more prove that it works than I can prove that it doesn`t. That alone demands a two sided discussion in my opinion.

And, as an earlier poster noted, when you add in Integral`s total lack of substance and their repeated failure to meet the commitments and promises that they themselves have made, well, there is a whole menu full of topics that bear scrutiny.

They are a public company that, without any sales, has relied solely on shareholder funding (nearly $32 million) since they began. A non-shareholder would be foolish not to ask himself, do I want to give them my money just to become a part of that?

No axe to grind, just a desire for fair play.....and yes, the truth, justice, and the American way thing too.

April 21, 2010 4:26 AM  
Anonymous Anonymous said...

Where is PK... Has he left the building.. Has not bothered to put up some of the latest press

Just wondering PK, are you out there?

April 21, 2010 4:49 PM  
Anonymous Anonymous said...

You are correct, several of us have decided where we stand with Electriplast - I chose the side of making an investment over the last 7 years. I knew the risks and decided it was worth it. Would I have liked to have seen results by now? Of course. However, I understand the challenges that these types of companies face and the payoff can take a long time (back to the risk / return relationship). Some may not understand this concept, and the fact is some are not cut out for the volatility. In all honesty I've had my moments of thinking about taking my losses and moving on. As things stand today I'm not having those thoughts of selling...

April 21, 2010 4:55 PM  
Anonymous Anonymous said...

We'll just have to wait another "2 months" as one poster has stated. Problem is, he's stated a variation of that, for 10 years and nothing happens.

April 22, 2010 12:32 AM  
Anonymous Anonymous said...

What few facts we have show the company to be crumbling.

1. The 10-Ks and 10-Qs show that they are out of cash. This means they probably spend the majority of their efforts trying to raise funds - not selling products. It also means that some sort of dilution or "private placement" will have to be rigged up - and that can't help the share price.

2. They have no technical capability to solve problems or do any kind of product development. Their sole inventor has been gone for some time. They would like you to believe that Jasper will fill this role with an army of white coats. But they are a mere rubber compounder - a manaufacturing facility. Jasper doesn't have a patent to their name - not one, on anything.

3. The product isn't saleable. All those NDAs they seem so proud of show one thing: many have tried this stuff and there are no takers. Actually, it would be better if they had executed fewer NDAs - at least they could maintain that enough people haven't seen it yet.

4. Their published product data is mediocre, at best. Compare it to copper or any competitive product. Its a poor conductor and only a fair plastic. They are just another entrant in the conductive plastic market.

On the plus side they do have a pile of patents. But they are filed in the US only. They might be able to raise some cash by selling a few off.

April 22, 2010 2:56 PM  
Anonymous Anonymous said...

Very depressing picture you paint. Since it is YOUR truth, go away. Even if you think the rest of us are burying our heads in the sand...GO AWAY. There is nothing for you here. Time for you to move on. No discussion needed.

April 23, 2010 3:10 AM  
Anonymous Anonymous said...

In reality, the "very depressing picture" painted has been supplied by the company and their inability to 'put words into action'. The same scenario year after year; wait a little longer, something is coming. It has and will, I'm sure, be more accurate than the rosy picture given by those who say they believe.

April 23, 2010 3:51 PM  
Anonymous Anonymous said...

It's not about believing. It's about understanding the risks associated with this company, understanding the market for a product such as Electriplast, executing a business plan, and understanding the challenges of implementing that business plan.

Before you discount the above statement consider a few things. Has management gone down the wrong road in the past (they have admitted as much). It's no secret that this country is slow to adopt new technologies (think in terms of truly new technology) and ask yourself if you would take on the risk of implementing a new technology such as Electriplast into your product as you face a recession, which some forget started in early 2007. I can list several other items related to the risky nature of this stock, but you probably get the picture. It's hard to quantify the underlying risk here, but I suspect it's greater than what most individuals can tolerate. That being said, I plan to stick around and see what happens....

April 23, 2010 5:10 PM  
Anonymous Anonymous said...

I`m going to stick around to see what happens too.

I`m hoping to find out where "understanding the market" ends and making excuses for a management teams lack of effective communication begins.

The trouble with belief is that it usually spawns a defensive nature. When that happens, the burden of proof pretty much goes out the window.

One last thought....every patented application for Electriplast has a metal equivalent already available in the marketplace. I think it`s a given that Electriplast will not be able to beat the performance of the metal components. That leaves cost and weight mostly. The cost is easily passed on to the customer and the weight savings may not be negligible in the final product. Could be a tough sell as a replacement. Lots of momentum to overcome with such small advantages.

April 23, 2010 6:28 PM  
Anonymous Anonymous said...

The Road to Commercialization

Integral has a 3-prong strategy by which its global customers will incorporate Electriplast™:

1. License the technology to customers who will implement ElectriPlast’s™ development for their chosen application;

2. Establish joint ventures with customers to co-develop applications for the pellet; and

3. Produce the application through our manufacturing partner, Jasper Rubber Products, for customers to meet their precise specifications.

The process begins when potential customers read or hear about ElectriPlast™ technology through industry publications, the popular media or word-of-mouth. Potential customers who contact Integral are asked to execute a non-disclosure agreement (NDA) that has been prepared by our attorneys Kirkpatrick & Lockhart Preston Gates and Ellis. With an NDA in place, a customer’s development team is informed of the technology, including the ElectriPlast™ product specifications in order to help the customer decide on a specific polymer blend.

Integral then provides samples of ElectriPlast™ plaques. The plaques are molded in an industrial standard size, in a square shape 6 by 6 inches, with a thickness ranging from 2 to 6 ml. This gives the customer a quick and easy way to test the electrical characteristics of the blend they have chosen. Pellets can also be supplied to customers who have molding or extruding machinery to produce their own prototype. If the customer does not have the equipment to do the molding or extruding, Jasper Rubber Products can facilitate this in order to enhance the prototype.

At all stages, Integral can assist in the design and review of manufacturing applications and process optimization for customers’ specific needs. Testing (electrical and mechanical) of ElectriPlast™ components and applications is then carried out, followed by customer training and service for design and implementation. The customer also has the ability to begin its own research and development.

Once the customer is satisfied with the performance of ElectriPlast™ in its application, Integral then enters into a Non-Exclusive Purchase License with the customer. This license allows the Licensee to purchase ElectriPlast™ from Integral for the specific application. The nonexclusive component means that Integral retains the right to license ElectriPlast™ to other companies in the same industry.

The customer may enter into an Exclusive Purchase License with Integral. The exclusive component means that the customer has the exclusive right to use ElectriPlast™ in its specific application in its industry. Integral would not have the right to license ElectriPlast™ to other companies in the same industry for an agreed to period of time. This gives the licensee a marketing edge. Exclusive licenses come with a significant up-front fee.

If a customer wishes not only to secure an exclusive license to ElectriPlast™, but desires the right to sub-license the technology to other companies in its industry as well, Integral wouldenter into a Master License with the customer.

April 28, 2010 1:24 PM  
Anonymous Anonymous said...

And this has taken 8 years!?

April 28, 2010 7:42 PM  
Anonymous Anonymous said...

So what if it took 8 years. You could have done it faster?? Maybe you should go back and read a few prior posts. You're a typical investor these days - wanting that return right now! Some might say it's this attitude that caused the financial mess in our country in the first place. Investing doesn't work that way. It takes time, especially with micro cap companies, and usually it is measured in terms of years, assuming they even make a go of it. So keep on with your complaining if you wish, or you can get on the train before it leaves the station....

April 29, 2010 12:18 AM  
Anonymous Anonymous said...

And this has taken 8 years? Hey, it took them over 3 years to provide test data for one of those test plaques mentioned earlier. There have been claims that there are as many as 1,500 different formulas for test plaques. Seven other test plaque data had been promised by Jan. of this year. Didn`t happen. Still hasn`t happened.

The most disturbing part is that Integral owns that process. No customer negotiations are required.

350 claimed NDA signators. 7 licensees, and one test plaque. Yet not a single revenue producing contract. All at a cost of $32 million of shareholder dollars.

And the previous poster wants to blame YOU for the financial mess this country is in. Go figure.

April 29, 2010 1:33 AM  
Anonymous Anonymous said...

The spectrum on opinions is wide. This is great!...pros and cons. Different views of risk of investing. Different levels of understanding how a product is developed and marketed. Obviously, some have a lot to learn, while others know the time frame. Bitter or Sweet, all who are here have expectations, perhaps just not the same time frame. Let's hope for some great news soon.

April 29, 2010 2:41 AM  
Anonymous Anonymous said...

To the anonymous poster three posts back....

You said: "So what if it took 8 years. You could have done it faster?? Maybe you should go back and read a few prior posts. You're a typical investor these days - wanting that return right now!"

I don't know what the "average" investment holding period has been with Integral shareholders -- mine is > 10 years, and I'm guessing there are hundreds with that same time frame.

"Wanting that return right now!" You betcha!

April 29, 2010 11:07 AM  
Anonymous Anonymous said...

The previous post is telling:

"Once the customer is satisfied with the performance of ElectriPlast™ in its application, Integral then enters into a Non-Exclusive Purchase License with the customer."

Apparently, no one has been "satisfied" with the product in last 8 years.


"This license allows the Licensee to purchase ElectriPlast™ from Integral for the specific application."

Here's another issue - prospective customers have to sign licenses for the privilege to buy Electriplast. Its no wonder there haven't been any sales.

This is a cumbersome product development process. In fact, it seems more like a legal gauntlet with all these NDAs and licenses.

Why all the cloak and dagger? If you have a great product - show it to the world! They will beat a path to your door.

April 29, 2010 2:34 PM  
Anonymous Anonymous said...

It sounds to me like a double whammy for the customer. They pay a licensing fee (beyond the $1) that is tagged to a patented application. Probably, I`m guessing, tagged to a % of every part produced, and they also pay for the purchase of the Electriplast pellets to produce those same parts.

While they may be able to beat the production costs of the metal part they intend to replace, when you add in the per part licensing fee, there may not be much margin left to beat a path to Integral`s door.
And then there is the potential for supplier switch over and start up costs. Not many metal benders also provide composite molding capabilities.

While most of what I`ve set forth is speculation, it could explain Integral`s inability to secure a revenue producing contract. The "bad market" excuse is just that. If it isn`t attractive in a bad market, what would make it more attractive in a good market? Win, win, works in all markets. Remember, for the customer, this is not new technology. It is replacement technology.

April 29, 2010 5:52 PM  
Anonymous Anonymous said...

You said,"So what if it took 8 years. You could have done it faster?? Maybe you should go back and read a few prior posts. You're a typical investor these days - wanting that return right now!"
Sorry, you have mistaken me for some newbie. I had been invested for many years and the story is still the same: "Wait and see in 2 months, six months, end of the year. What will you do when they announce contracts? Disappear?" Fortunately for me, I read between the lines and sold most of my shares for a tidy gain on a couple of the many pumps. I hold free shares and am waiting for the next BS article to get out. If you think that ITKG hasn't "paid" for the Bright Lights conference PR and participation, you are more naive than you have let on. ITKG has done this more than once over the years.
"Paid" includes gifting/exchanging/optioning of shares/etc to/through IR firms/consultants/etc or directly to the institution.

April 29, 2010 6:16 PM  
Anonymous Jony said...

watch-movies.mx - Archive, Large Collection of Free Full Length Movies.
Watch movies online for free, so many you can watch. Movies free online all day. Thousands of free movies to watch!! http://www.watch-movies.mx/

June 06, 2010 12:23 AM  

Post a Comment

<< Home