ElectriPlast: Baby Steps -- To Big Dreams...

The

Start of

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By: BusinessWire, 2010-10-14 09:30 ET





Integral Announces ElectriPlast™ Shipment to Tier One Auto Supplier for Delivery to Leading Global Automaker.

BELLINGHAM, Wash. -- Integral Technologies, Inc. (OTCBB:ITKG) (“Integral”), (http://www.itkg.net/) an emerging leader in electrically conductive plastics, announced today that one of the world’s leading automakers, through a Tier 1 automotive supplier, has ordered sample parts made from the company’s ElectriPlast™ material. The ElectriPlast™ part will allow them to meet weight goals for a 2012 model year car which will begin production in the first half of 2011.

Our ElectriPlast™ material has been approved by the Tier 1 as well as by the manufacturer. Integral has shipped initial quantities of its proprietary ElectriPlast™ resin pellets to the Tier 1 automobile parts supplier in order for them to mold and test parts. The ElectriPlast™ part would replace a metal part used to shield the car’s power electronics and provides a nearly 50% weight savings over the metal part currently being used, while also providing superior electrical shielding.

This delivery of sample parts is the first step towards shipping final product to the Tier 1 for inclusion in the final production model. 

William Robinson, Integral’s CEO, commented, “This is a tremendous opportunity and a major milestone for our company. We are excited about this for a variety of reasons, but what it boils down to is that we believe we can potentially gain traction quickly in a market segment that is very attractive for Integral. With over 60 million automobiles produced annually, worldwide, there is clearly an opportunity to generate substantial growth for our company with just a handful of design wins. Our goal is to have parts made from our material specified in more makes and models as we work at the same time to increase the number of parts made from ElectriPlast™ within each vehicle. We see an opportunity for multiple applications of ElectriPlast for shielding or conducting within the automobile of today and even more in the hybrid/electric vehicle of the future, the growth potential is enormous. Our first priority is to meet the needs of our earliest customers and then to increase awareness more broadly across the industry and up through the supply chain.”

ElectriPlast™ can replace metal in a multitude of parts ranging from battery covers, connectors and fuses, to shielded plugs and connectors. By utilizing ElectriPlast™ for shielding applications alone, manufacturers are able to reduce the weight of a vehicle by as much as fourteen pounds or more, while improving electrical shielding performance and reducing parts cost and shipping weight.

Robinson also stated, “We’ve worked very closely with our Tier 1 customer and others in the automobile industry to develop custom blends of material that are specifically designed to meet the needs of automobile manufacturers for multiple types of parts. “ “In this particular case, it’s worth noting that ElectriPlast™ was the only way for the manufacturer to meet their weight specification while also achieving the required electrical performance.“

According to Robinson, “automakers now have, for the first time, the opportunity to permanently replace heavy metal parts with lower cost, lighter weight and better performing, for either conducting or shielding ElectriPlast™ parts. The ElectriPlast™ pellets can be used to form parts of virtually any shape or size, providing design flexibility for engineers and enabling shorter development cycles that add to the savings for manufacturers. This is accomplished by the fact that ElectriPlast™ can easily be used in low cost injection molding or extrusion facilities with little or no change in dies or tooling.”

ElectriPlast™ has a multitude of uses in a variety of markets. Its electrical properties make it ideal for radio frequency antennae of all types, which is increasingly important in our broadband wireless world. Large market segments that share many of the same requirements of automobile manufacturers include aviation and aerospace where weight, durability and electrical shielding performance are always high priority design considerations.

Integral Technologies

Integral Technologies, Inc. (http://www.electriplast.com/) 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. Integral Technologies is an emerging leader in the development and application of next-generation conductive polymer materials. We currently have 50 issued US patents relating to the composition, manufacture and application of our ElectriPlast™ technology, and we continue to develop and protect new intellectual property. Our IP consists of ElectriPlast™ and multitudes of different applications pertinent to a wide variety of industries. 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.

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, and (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, 2010 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.

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 Doug Bathauer, at 812-455-5767 or email at electriplastinfo@aol.com. To review the company’s filings with the SEC, please go to www.sec.gov.



Contacts:
Integral Technologies, Inc.
Doug Bathauer, 812-455-5767
www.itkg.net