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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 24, 2011

ElectriPlast: Moves in the Good Direction...




to Head



PRWEB.COM Newswire,
23 Aug 2011

Conductive Plastics Innovator ElectriPlast Corporation Announces New Sales Chief

ElectriPlast Corporation, a wholly owned subsidiary of Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), (http://www.electriplast.com/) and makers of the ElectriPlast™ line of electrically conductive resins, announced today the appointment of Paul Mackenzie to the position of Director of Global Sales. Mackenzie joins ElectriPlast with broad experience in building cross-functional sales platforms both nationally and internationally. Most recently Mackenzie served as Executive Director of Digital Marketing & Technologies for Vantage4, LLC., a Philadelphia based marketing and consulting firm to the automotive industry.

"We are pleased to announce Paul as our Director of Global Sales," states Herbert Reedman, President & CEO of ElectriPlast Corporation. "Paul's experience in building and managing dynamic sales platforms across multiple sectors brings added dimension to ElectriPlast as we continue to grow and support our sales initiatives."

As Director of Global Sales Mackenzie will assume responsibility for the sales and marketing activities surrounding ElectriPlast™, the company's patented line of conductive resins which includes over 80 blends and is said to be the most comprehensive line of conductive plastics in the industry.

"This is an exciting opportunity and I am looking forward to developing a professional sales network reflective of the quality line of conductive plastics represented in ElectriPlast™", said Mackenzie. "As with any great sales organization, it begins with great product and we have that with ElectriPlast™. I am proud to be part of the ElectriPlast team."

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.

ElectriPlast™ has been recognized as "Best of What's New" by Popular Science and "Best Innovation" by Innovations International. ElectriPlast has been constantly innovating in the conductive resins field since it received its first patent in November 2001 for engineering a highly conductive plastic for antenna applications. ElectriPlast now manages what is said to be the most comprehensive patent library in the conductive plastics space.

ElectriPlast Corporation

ElectriPlast Corporation, a wholly owned subsidiary of Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), (http://www.electriplast.com/) engages in the discovery, development, commercialization and licensing 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%. ElectriPlast Corp 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/2011/8/prweb8733615.htm


Anonymous Anonymous said...

Great. Now we have another car salesman on the payroll. This is NOT a move in "a good direction". We are not trying to sell cars here. We are trying to sell a high tech polymer blend to customers with specific electrical and physical requirements. They need to discuss topics like injection molding cycle times, durability, electromechanical properties and the like. Selling the features of EP is much more demanding than demonstrating the power windows or GPS on a new car.

Neither Reedman or McKenzie have any demonstrated capability to complete an application development or commercialize a new offering with a Tier 1 or 2 supplier. Its not clear why they are now involved but it is probably related to a partial liquidation of assets through the new subsidiary to keep the salaries flowing and ITKG afloat.

August 25, 2011 5:31 PM  
Anonymous Anonymous said...

sorry to burst your buubble, but without revenues the assets (patents) are worthless. So not sure what assets they would be able to liquidate. If the company's IP had any value they would be generating sales.....

August 25, 2011 6:08 PM  
Anonymous Anonymous said...

Good point: after $35M spent, what assets are there? And what level of sales would be required to get out of this $35M hole? $5M/yr? $20M/yr? An application here and there ain't going to do it. And time is running out.

Folks seem to think "If we could only get that first sale!" Its going to take a lot more than selling s few boxes of polymer. In fact, even if they could sellout Jasper's capacity, it would take years to turn profitable.

August 28, 2011 7:58 PM  
Anonymous Anonymous said...

If this is a move in a "good direction", what would a move in a "bad direction" be? Putting the company's sole revenue stream in the hands of a car salesman with no experience in the technology whatsoever is an act of desperation. Why not a real estate salesman? A furniture salesperson? After all, EP could be used in houses and lamps.

I guess we've gotten to the point that we view any movement at all, any sign of life, as a "good direction" when compared to past performance.

August 30, 2011 2:53 PM  
Anonymous Tide turning? said...

Just saw the press release today and noticed the words, 'has purchased'. Anyone have any insight as to the details of this other than what was written in the pr?

September 06, 2011 6:01 PM  
Anonymous Anonymous said...

Only to say that "has purchased" is much better than "will purchase." Agreed?

Was it $50.00 worth? $50k? $500k? Once again, we are left to speculate . . . which amounts to next to nothing.

September 06, 2011 10:56 PM  

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