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

###
Read the full story at: http://www.prweb.com/releases/electriplast/learfisker/prweb8922892.htm