ElectriPlast: Lear to Use Conductive Resins in Plug-in Hybrid
ElectriPlast
Alliance
PRWEB.COM Newswire,
1 Nov 2011
Integral Technologies Inc.'s Subsidiary ElectriPlast Wins OEM Supplier Agreement for Plug-In Hybrid Electric Vehicles
ElectriPlast Corporation, a wholly owned subsidiary of Integral Technologies, Inc. ( http://www.electriplast.com/ ) and makers of the ElectriPlast™ line of electrically conductive resins, announced today they have been selected by top Tier 1 supplier Lear Corporation to provide ElectriPlast™ conductive plastics to the Fisker Karma plug-in hybrid electric vehicle project currently underway in Valmet, Finland, and scheduled to run through 2016.Lear, a leading global supplier of automotive seating systems and electrical power management systems, has designed a new generation of electrical connectors for Fisker utilizing ElectriPlast's patented line of conductive resins. ElectriPlast and Lear are also working jointly to develop future technologies incorporating ElectriPlast™ composites into next-generation automotive components and devices. Shipments of ElectriPlast™ for the manufacturing of the new lightweight electrical connectors are scheduled to begin immediately.
"We are pleased to be selected by Lear Corporation for such a high-profile vehicle program in the Fisker Karma," said Herbert Reedman, President and CEO of ElectriPlast Corporation. "The Fisker Karma represents a change from mainstream automotive technology with an eye toward an entirely new generation of electrically powered vehicles; this is exactly where we want our ElectriPlast™ products to be."
The Fisker Karma is the world's first premium plug-in hybrid electric vehicle and the embodiment of Fisker Automotive's commitment to creating environmentally conscious vehicles with passion, style and performance. Designed and engineered in California, the four-door, four-passenger Karma is a series plug-in hybrid that combines the zero-emission benefits of an all-electric car with the full driving range of a conventional car. It will offer a responsible alternative to those in the market for traditional full size, fully equipped luxury cars.
The ElectriPlast™ recipe used in the Fisker Karma was the result of close collaboration between the engineers at Lear and ElectriPlast. It represents just one of 80 available recipes that can be custom designed to replace metal parts and otherwise meet a range of engineering demands and previously unsolvable engineering needs. "Today's announcement follows months of testing and trials in which we proved the significant benefits of incorporating ElectriPlast™ conductive resins into the next-generation high-voltage and high-power electronic connections," states Paul Mackenzie, Director of Global Sales for ElectriPlast Corporation. "ElectriPlast™, with its superior performance, offers engineers flexibility to simplify component design, providing reductions in parts, weight and life-cycle costs."
Applications for ElectriPlast™ include: wire, power electronics, EMI shielding, antennas, capacitors and mobile devices. Interested industries include consumer electronics, aerospace, military, automotive, lighting and heavy industry. ElectriPlast™ provides the solution for designers and engineers looking for ways to make their products lighter, more portable or more fuel efficient.
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
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Read the full story at: http://www.prweb.com/releases/electriplast/learfisker/prweb8922892.htm
posted by PK... | 11/07/2011 04:29:00 AM
12 Comments:
Hey PK, I'm not a sarcastic naysayer, just another hopeful investor. We haven't seen an official blog from you in months - only press releases being copied to your blog. And we haven't heard from you in awhile.
Now we just received two positive press releases, but the stock price hasn't budged. The information, while seemingly great, does not convey exact numbers. The arguments for and against this product and company are both valid.
Since this is your blog, honestly, what are your thoughts and assessment of this company right now?
C'mon PK - can't you better than this? Intelligent discussion of the product, markets and company is one thing but mindlessly parroting press releases is an insult to our intelligence.
Is this Lear application like:
- the Think Wireless antennas OR
- the part for the "prestigious European" automobile that we were supposed to buying now OR
- the oh-so-secret government contract OR
- the part for an Apple device OR
- the part for the battery OR
- the hearing aides, wiring for aircraft and on and on and on?
Do you really still believe this drivel?
The fact is, yes--I am still here, still invested...but I am also still waiting, like most here, to see how the wind blows and more importantly, to see if these new players can transcend the days of Bill.
What we've seen is a modest level of follow-through, while they try to overcome the shadow of the past.
Companies once gauged, are being re-engaged--and with that we are all seeing a sense of deals and (dare I say it again) follow-through to the point of sales...
Has ElectriPlast changed the world yet; saturated markets; replaced plastic bottle-caps, much less the bottles themselves. NO.
On the other hand, has it taken the necessary Baby-steps to see it learn and grow. I tend to think there's a “yes” in there. A YES which will only get louder as successes build, one upon another.
As for EB articles -- well, while I have notions of things to write, this is a time to wait and see.
Yes, I've spoken to Doug and there is a friendly relationship there--still, after speaking with him, I won't go rushing to press with conversation points -- that would be a definition of a shill. Instead, my thinking is that it would be better to see what this ElectriPlast Corp can do without the Bill's ever-present micro-influence over the day-to-day. Saying that -- I think I am with the majority here who want to see results as oppose to having me (or someone else) stand on the sidelines blowing hot air up crack-side after crack-side. So instead, I watch; I quietly ask my questions; and I wait for the stantial, substantial to emerge.
In that regard, the questions I read posed here are valid and should be voiced...more importantly, they should be responded to by the company.
As for things to write – well ElectriPlast has been a long consideration for wire-cabling. Imagine ElectriPlast with an infrastructure work-order. Imagine more than a local order. Imagine instead a nation-wide work order for underground corrosion resistant, power cabling, that is able to endure extremes in temperature. Imagine where would the stock price per share be then.
Are we there yet -- not yet, but maybe the “Michael Pound word of: SOON” then becomes even more appropriate and applicable to use…
PK sends…
Well, I guess PK doesn't have much to say about why the price hasn't increased on all the "positive news". About all he can offer is vague musings about how the wind is blowing and encourage us to "imagine" - "imagine" what might happen "soon" if the company ever takes more than a "baby step".
I can imagine that the product has little real value in the marketplace. I can imagine that an EP metal replacement part is no more than that same metal chopped up into bits and mixed in with plastic. I can imagine that issuing tantalizing PRs is very, very profitable for a select few people giving themselves wonderful compensation packages.
When I imagine those things, I feel a very nasty wind blowing.
Well -- Free Speech does actually have a price...and some better than most here have paid for it…
I've watched as naysayers have reigned on our parade, dragging down the content with snark-ladened commentary, drowning out participation by those interested or detracting from those invested while sharing "fecal-charged" lies or spin on their version of what constitutes ElectriPlast, the company, its focus, goals, people and investors in return.
Now, I have always defended the right of free speech -- hell, it constitutes the preamble of this blog.
What I, or any others reading do not have to deal with is the inane input from those hiding behind an “ANONYMOUS said...” tag. No. If I can log in and comment, so can the ‘anonymous’ among us. Let's see who-is-who for once, and identify those lurking only to appear when convenient to snipe and commit character assassination against others commenting in an effort to silence participation or control the conversation.
Anonymous is no longer tolerated HERE!
As for the last "ANONYMOUS said..." who chimed in recently -- while writing this particular sentence...I thought of a number of things you could begin 'imagining'. Suffice it to say, commentary coming from an anonymous of your ilk no longer merits a retort.
PK sends...
Well said PK.
why was my post deleted PK?
If you read my post, you probably would have agreed with it PK. Why sensor logic?
I received the e-mail of your post, and do agree -- this was a reason for the 'baby-step' theme in-play.
As for the deletion of your post -- i had nothing to do with that. ... I simply changed the software settings to eleminate "anonynous" postings...
try reposting...
PK sends...
Thanks, PK - we'll see if this cuts down on the inanity, or flushes out the bozos who have been polluting the blog
Share price and volume are plummeting - now down to 26 cents/share with only a few thousand shares trading every day (at best). Even the chatter on the ITKG blogs and boards has gone silent.
If anyone has any positive news, now is the time to share it.
My 'words of wisdom' are that share price for this is not an indication of anything at this point - nor is volume. What makes or breaks this company is the successful entrance of electriplast into the manufacturing sector. That has not happened, and may never happen. But if you want to play the game (as I do) then you just hold on until something definitive happens. This is not a place to put critical treasure.
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