ElectriPlast: A "Field of Dreams" Situation...
Built It,
Now let
the Good
News
Come...
By: Business Wire,
Oct. 19, 2010, 9:31 a.m. EDT
ipCapital Group Finds Integral to be the Indisputable IP Leader in Resin-Based Conductive Materials
BELLINGHAM, Wash., Oct 19, 2010 -- Integral Technologies, Inc. ("Integral"), (www.electriplast.com) today announces that ipCapital Group (www.ipcg.com) ("ipCapital"), a leading intellectual property (IP) strategy consulting firm, has completed a comprehensive study of Integral's IP portfolio related to its proprietary ElectriPlast™ technology.
"We found that Integral is the indisputable leader in the resin-based conductive materials field, with the most issued U.S. patents and published patent applications," said John Cronin, Managing Director of ipCapital. "This is an impressive finding, especially for a micro-cap company in a field of over 600 separate entities/companies that have filed patents across a wide range of product applications for resin-based conductive materials," continued Cronin.
"These findings suggest to us that there are endless opportunities for extracting value and monetizing Integral's core ElectriPlast™ technology and current and future IP," said Cronin. "Using the results of this recent IP landscape study, the continued alliance of Integral and ipCapital will optimize Integral's IP strategy to build further value for strategic partners, customers and shareholders.
"We are delighted to be working with John Cronin and his very accomplished team at ipCapital and excited with the findings, that point to Integral as the IP leader in this large and growing industry," said Integral's CEO, Bill Robinson. "From the filing of our first patent we have been committed to developing our technology, protecting our IP leadership and strengthening and expanding our patent portfolio."
"It is not difficult to understand why ipCapital concluded that ElectriPlast™ is the leader in this field," says CEO Robinson. "Integral's ElectriPlast™ technology represents a major breakthrough for electrically conductive resins. Independent tests have shown repeatedly that the ElectriPlast™ technology possesses superior electrical and electrostatic shielding properties compared to other conductive plastics over a wide frequency spectrum from Direct Current (DC) to Ultra-High frequency (UHF). It is unique among its competitors, which it outperforms by over 40%. It is as efficient as metal -- in some applications even more so -- yet is 40-60% lighter."
Robinson emphasized the importance to future sales of Integral's leading IP position and ElectriPlast™ unique characteristics: "Our current IP already encompasses a wide variety of processes and methods, which gives us superior leverage in the rapid global commercialization of ElectriPlast™. As a result of this game-changing technology, our position as the IP leader in the resin-based conductive materials field will turn us into a sales leader."
ipCapital Group
Based in Williston, VT, ipCapital Group is led by John Cronin, its Managing Director and Chairman. ipCapital represents the largest IP strategy consulting team in the world. Cronin and his team have served over 500 clients since 1998, including over 10% of the Fortune 500 companies and more than 130 start-up and early-stage companies across a variety of technologies and markets.
Integral Technologies
Integral Technologies, Inc. (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.
For more detailed information on the company and the technologies described above please visit our web site at www.electriplast.com, please direct sales and product inquiries to info@electriplast.com. Investors may contact Scott McArthur, Shareholder Relations at 888-666-8833 or Doug Bathauer, Director of Corporate Communications at 812-455-5767 or email at dbathauer@itkg.net. To review the company's filings with the SEC, please go to www.sec.gov.
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
SOURCE: Integral Technologies, Inc.
Integral Technologies, Inc. Scott McArthur, Shareholder Relations 888-666-8833 or Doug Bathauer, Director of Corporate Communications 812-455-5767 dbathauer@itkg.net www.electriplast.com
posted by PK... | 10/19/2010 10:37:00 PM
15 Comments:
I'm still a bit confused about what the actual "IP strategy" is. I know that ITKG's assets are significantly comprised of IP and it is the Company's IP that will ultimately be the source of revenues. However, IR doesn't seem to be able to explain (in my opinion) what the actual strategy is that IPcapital is implementing. I don't doubt they have a strategy/plan but as a shareholder I would like to have a better understanding of this strategy. How will IPcapital's performance be graded? Hopefully IPcapital's report card will be reflected in the PPS of ITKG (and I'm not just talking about the free options/shares they obtain) Any thoughts?
I hope part of their "strategy" includes patent infringement issues on the part of some of the other conductive polymer companies out there. We've been told for years, and ipCapital seems to have verified, that there's a "moat" around our ip . . . though time consuming, it would be worth the effort.
Agreed. I would also like to know what the cause was today for the significant decline in share price with high volume. Seems very strange that such a large block (I believe 93k shares) was sold at one point today. With all the good news as of late why would anyone be inclined to sell a sizeable equity interest? Aren't we on the cusp of a PO?? I hope the news as of late wasn't just a "pump" but the timing of all this is hard to ignore....
It is certainly true that ITKG has lots of granted patents. But they are limited to applications and articles comprising dispersions of conducting fibers in a non-conductive (e.g polymer) matrices. An important point is that they never were able to patent the compositions themselves - only applications or uses of the compositions. So they were forced to patent every use and application that they could think of. And that is expensive (check those legal fees in the 10ks).
Integral could certainly try to collect royalties from anyone infringing their patents but its not clear that anyone is using their technology. (Probably, no one else has been able to make it work either.)
Which brings us to why they have been unsuccessful at licensing these patents - the underlying technology has to work and be profitable for the licensee. Considering that Integral themselves have been unable to make it fly, its unlikely that anyone else can.
As PK points out "Build it and they will come". Sadly - no one has been able to build it.
Which leaves us with a "Field of Dreams".
One minor but interesting thing I noticed today. I usually get to this blog b typing electriplst into the google search engine. This blog is the hihest generic response. Now the Electriplast website is the highest generic site.
Means more people looking at it and linking to it. Basically the value of the website is going up as a location of interest...
I think it's funny that Doug basically blames the drop in stock price on bid/ask spreads. Sorry Doug, but that's a joke. Keep your eye on those shares outstanding everyone...
motstismThe blame game continues...
They`re trying to steal our technology.
Where`s Ravi?
They`re trying to steal our patents.
It`s the economy, stupid.
Tom`s a loose cannon.
We just can`t talk about it...it`s those NDA`s y`know.
Those engineers just don`t understand.
We just can`t talk about it...it`s those NDA`s y`know.
The marketmakers aren`t cooperating.
And for all the excuses, not a word of actual explanation as to why this "Field of Dreams" continues....under construction.
With regards to the stock price explanation from Doug, I kind of took as not an excuse, but rather what can happen when someone puts in a market order. In this case, the poor seller was given a lower price on the trade because of OTC not being synchronized with another market.
Don't you think you are being a little harsh on Doug? Geesh, all he was saying is be careful when you sell with a market order vs. a limited order.
It might have been a little harsh but it does show where Doug's expertise lies: trading. Too bad he doesn't know this much about electrical engineering.
Maybe the implicit message is: the money can only be made here trading fluctuating ITKG stock and NOT on any run-up in price due to commercial success.
To the anonymous poster directly above this post: you are off the rails. You are probably the same person who castigates the shareholders for "reading too much" into the PR's, then turn around and do the same with an innocuous posting on the Company Corner. You're headed down a rabbit trail that leads to no rabbits. "John" is right . . . just take it on face value, learn and move on. Or . . . if you already know it all simply move on.
Boy, I think it is apparent what is going on here. The stock moved up, the little traders who saw a chance to make a bit of money on the move jumped and cashed out temporarily, pocketed their few hundred bucks, and are waiting for the next opportunity. The big selloff day (200,000 shares) yielded a total of about $26,000 (at a max differential of 15 cents a share). There are people on this stock who play the ups and downs and attempt to push the ups and downs in order to do this. Those are the things that Doug is warning about - in somewhat veiled terms. These are not people who are here because they have a real and fundamental interest in the eplast.
And my response to you is simply as follows. Your initial assessment of my historical role as it relates to this blog couldn't be further from the truth. The reality is I have been a long (very long) proponent and investor in ITKG. Taking electriplast at face value and everything we've been told over the years, and in particular the last two years PR's, it doesn't take an investment professional to realize the potential for such a technology. However, the timing of recent PR's and the info contained within them, along with certain other events (i.e. decrease in share value) is impossible to ignore from my point of view. I pose this question to you, would you sell after reading the PR about the potential PO with the auto supplier? Given the events of the past I'm sure you can understand my concern as well as the concern of several other shareholders. I won't pretend that there isn't the possibility for someone to manipulate the price. Frankly we live in a world where this does happen with small companies.
The fact is, the Company needs capital and the higher the share price the easier it is to obtain additional capital. If you can't connect the dots and prefer to continue to bury your head that's your right, but don't castigate those of us who have been in it for the long haul, and who have every right to be concerned with the direction of this company.
Hello Oscar, for the record, the last post was in response to the previous poster. There's that "timing" issue popping up again.....
So I'm "off the rails"? Looks like a few other others might disagree judging from all the discussion on "timing", "trading" and short term price fluctuations.
And regarding those "rabbits" - you are right, there are none here. There's no evidence there ever were any or ever will be. All we ever get is "news" and all we ever seem to discuss is news of when the next news will come out.
But if you're so sure "John" is right, don't waste your time debating. Move on and buy more shares. Or just move on. Its pretty clear you have nothing of subtance to contribute - just more unsubstantiated assertions.
Apparently the answer to all of Doug and the gangs problems is get the company listed on the Nasdaq. Surely we won't have these pesky bid/ask issues to deal with anymore once we move up with the big boys. Let's get it done!!
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