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.

August 15, 2011

ElectriPlast: Change in Leadership--Change in Focus...



in the


PRWEB.COM Newswire,
15 Aug 2011

Conductive Plastics Leader Integral Technologies Prepares For Accelerated Growth

Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), makers of the ElectriPlast™ line of electrically conductive resins, announced today the formation of ElectriPlast Corporation, a wholly owned subsidiary of Integral which will function as the operating entity responsible for the commercialization, sales and marketing of ElectriPlast™, Integral's patented line of conductive plastics. The newly formed entity, based in Philadelphia, will be directed by Herbert Reedman, a former automotive retail executive and recently appointed member to Integral's board, who will act as President and CEO of the newly formed ElectriPlast Corporation.

"This is a strategic and very positive move for Integral," states Bill Robinson, Chairman & CEO of Integral. "We are seeing accelerated demand in electrically conductive resins and we want to take full advantage of our position in this emerging market." In making the announcement, Reedman will take full command and control of Integral's coveted line of conductive resins which includes over 80 blends and is said to be the most comprehensive line of conductive plastics in the industry.

"Under the ElectriPlast corporate banner we are a company with a single purpose and a central focus," said Reedman. "Clearly we know who we are, industry will know who we are and our message will be clear; we manufacture and market the industry's most comprehensive line of conductive plastics. That is our specialty, our sole focus and will prove to be our competitive advantage as we continue to introduce new products into the marketplace."

The announcement of the new ElectriPlast Corporation follows Integral's most recent product launch of ElectriPlast™ EP-CF/66, a polyamide (PA66) and nickel plated carbon fiber composite and the latest in the line of ElectriPlast™ conductive resins brought to market by Integral.

Applications for ElectriPlast™ conductive plastics include everything from wire and power electronics, to shielding, antennas, capacitors and medical devices. Interested industries include consumer electronics, aerospace, military, automotive, lighting, heavy industry and life sciences as designers and engineers look for ways to make their products lighter, more portable or more fuel efficient.

Integral Technologies has been recognized as "One of the 50 Best & Brightest Companies" by MBD Capital, while ElectriPlast™ has been recognized as "Best of What's New" by Popular Science and "Best Innovation" by Innovations International.

Integral Technologies

Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), (http://www.electriplast.com/) engages in the discovery, development, and commercialization of electrically conductive hybrid plastics used primarily as raw materials in the production of industrial, commercial and consumer products and services worldwide. Its core material, ElectriPlast™, is a line of non-corrosive, electrically conductive resin-based materials whose properties allow it to be molded into any of the infinite shapes and sizes associated with plastics, rubbers and other polymers while reducing component weight by 40 to 60%. Integral is a leader in conductive hybrid plastics with a broad Intellectual Property portfolio referencing its ElectriPlast™ technology.

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: http://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.

Contact: Doug Bathauer 812-455-5767

Read the full story at: http://www.prweb.com/releases/ElectriPlast/Conductive_Plastic/prweb8716842.htm


Anonymous Anonymous said...

This is very, very suspect for shareholders. Corporations typically create wholly owned subsidiaries to encapsulate a portion of the company for divestiture. In this case, if/when this subsidiary is divested, there won't be much left of Integral. And there will be almost no assets to support a share value.

This move is particularly suspicious in that there is really no plausible reason to create a subsidiary - other than to divest. All the stated justifications can be readily achieved in the current corporate structure. A sub would only be needed if Reedman is looking to wrest the company away from the Billz.

And that will leave shareholders out in the cold.

August 16, 2011 3:33 PM  
Anonymous Anonymous said...

Thanks for sharing, PK. This is a pivotal change where Reedman and the Electriplast Corp (NOT Integral) "takes full command and control" of essentially everything. This could be great for the development of the technology - which is what we all wanted. But it moves revenue and earnings away from ITKG and their shareholders and into the privately held EP Corp.

I wonder how long they will remain tied to ITKG?

August 16, 2011 5:01 PM  
Anonymous Anonymous said...

I'm a long time investor in ITKG, and while new management is a positive, I don't see why setting up a susidiary is necessary to accomplish this. If anyone out there is close to the inner circle and can shed some light on why the subsidiary was set up I would urge you to share. Clearly this move has made many investors nervous. I'm willing to listen and there may even be a good reason for it that I am not aware of. Communication is key!!

August 16, 2011 6:12 PM  
Anonymous Anonymous said...

From Electriplast Facebook page:

Coming Tomorrow! Launch of the new ElectriPlast web site with Letter To Shareholders containing additional details surrounding the ElectriPlast Announcement. Please join us tomorrow to explore the new home of Electriplast.com Shareholders will find registration details on the new site.

Hopefully, this will shed some more light on the subject.

August 16, 2011 10:31 PM  
Anonymous Anonymous said...

I tend to agree that something i s fishy in the corporate positioning here. You don't need to create a new entity create "focus" and "know who you are". And all that malarky about "coveted" products and their "position in the marketplace". That's rich - very rich - for an outfit that hasn't made a commercial sale. I think Herb's going to fit right in here. In fact, we may have found someone who's slipperier than the Billz.

As someone said earlier - they're rearranging the deck chairs on the Titanic. But never forget: its the Titanic.

This a hoot to watch...

August 16, 2011 11:16 PM  
Anonymous Anonymous said...

I was disappointed as well. Lots of huffing and puffing in the announcement but no commitments regarding sales, developing revenue streams, etc. (not that a commitment from this crowd would mean anything...)

And the creation of the subsidiary with "complete command and control" is very worrisome. Why do you need a sub for a company with no revenue, no profits and more board members than employees? Something is up and I doubt it bodes well for loyal investors.

August 17, 2011 4:14 PM  
Blogger Doug said...

This comment has been removed by the author.

August 17, 2011 6:36 PM  
Anonymous Anonymous said...

Looks like Doug was trying to defend the company here and then pulled the post. I have no problem with him posting (if that was him). Real thing is the follow through. I think they know there is no trust except what they can build from here. That said I am wondering if they will get out the press release today. They said they would do so on facebook. Do they follow through or not.

August 17, 2011 7:29 PM  
Anonymous Anonymous said...

Interesting article on small caps - whle we are all in a "wait and see" pattern...


August 17, 2011 10:28 PM  
Anonymous Anonymous said...

Remember, ITKG is broke.

So the new subsidiary arrangement has to do with exchanging control for financing of some sort. Maybe an option to gain private ownership down the line. Herb's loaded and probably needs a hobby so he's going to give it a try - but he's smart enough to demand the driver's seat. And the Billz well away from the controls. One can only wonder how long it will take him to find the fatal flaw with Electriplast. In which case, the shareholders end up with stones. Or, wonder of wonders, it takes off. Then Herb assumes private ownership and the shareholders end up with stones.

The timing relative to the 10Qs is clever. Its too late to be included in August's, so everyone has to wait until November to find out what's really going on.

August 22, 2011 2:38 PM  
Anonymous Anonymous said...

Clearly we all have concerns as to the direction of the Company, but let's be realistic. First of all, last time I checked there was something called fiduciary duty that corporate executives must adhere to. Secondly, the current ITKG insiders hold a substantial number of shares, why would they agree to let Herb take the IP for zero consideration - just wouldn't happen.

August 22, 2011 7:06 PM  
Anonymous Anonymous said...

Seeing that you've checked: specifically, what "fiduciary duty" does a company have to the holders of its common stock?

Are you saying that a company may not sell its IP without its shareholder's consent?

Are you saying that a company may not sell off assets (such as subsidiaries) without its shareholder's consent?

The fact is, holders of common stock have almost no control over the operations of the company. That is entrusted to the Operating Committee. And the OC is overseen by the Boardmembers, one of whom, in the case of ITKG, seems to have a bit of a conflict of interest. Most of the rest of the board is on the payroll.

August 22, 2011 10:39 PM  
Anonymous Anonymous said...

Wouldn't ITKG open themselves up to a host of lawsuits if they did what you are suggesting they may do? I think there would be enough upset shareholders to warrent a class action suit if they spun the subsidiary off as a private company leaving current ITKG shareholders with worthless stock. Maybe they could give the shareholders of ITKG a pro rata amount of shares from an IPO of the new entity, just sayin....

August 23, 2011 12:21 AM  

Post a Comment

<< Home