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By Business Wire,
01/19/12 - 01:10 PM EST





Integral Technologies, Inc. To Open Korean Office for Sales of ElectriPlast™


Integral Technologies, Inc. (OTCBB: ITKG) (“Integral” or “Company”) an emerging leader in hybrid conductive plastics, announced today it plans to open its first Asia office in Seoul, South Korea in early 2012. The Korea office is necessary to support the growing demand for ElectriPlast™, the Company’s patented and innovative, hybrid electrically conductive light-weight resin-based material.


The Company’s decision to create a presence in Korea follows months of discussion with a potential partner to manufacture and distribute ElectriPlast™ in Korea. In addition to these efforts, ElectriPlast Corporation (http://www.electriplast.com/), the Company’s wholly owned subsidiary, has assisted several Korean multinational companies to successfully complete their initial testing and molding of ElectriPlast™ prototype products for the automotive industry. These prototype products are intended for both the Korean domestic and international markets.


Integral has identified a location for its office in downtown Seoul. Leading the operations will be Mr. Gene Song, a Korean businessman and executive who was a former director of the US satellite operator ORBCOMM LLC, and at one time its largest single shareholder. Mr. Song’s career has spanned several industries. Prior to becoming an investor and operator in the satellite telecom industry in the US and Asia, he spent over 15 years as an executive in the financial industry running a technology fund, managing a fund for Invesco in Hong Kong, and working with Hyundai Securities.


The commitment by Integral to showcase its technology in Korea should be the catalyst for future growth in Asia. The Company looks forward to continuing the product development cycle with various Korean customers and introducing its technology to other Asian manufacturers and their engineers through ElectriPlast Corporation and our future Korea office. “We believe ElectriPlast’s™ superior electrical shielding and design flexibility compared to metal and other conductive plastics will be of great value to them,” said William Robinson, Integral’s Chairman and CEO. The ability to mold ElectriPlast™ at low cost into virtually any shape or dimension associated with a wide range of plastics, rubbers and other polymers translates into design flexibility, and enables faster development cycles that add to savings for manufacturers.


Integral Technologies, Inc.

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 non-corrosive, electrically conductive resin-based material 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. Applications for ElectriPlast include: Shielding Wire, Power Electronics, Connectors, and Cables; Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, RFID, Busbars and Terminals.


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, (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, 2011 as filed with the Securities and Exchange Commission and available at http://www.sec.gov/, (4) the parties may be unable to agree upon definitive agreements, (5) the Company’s discussions with its potential partner in Korea may cease, and (6) demand for ElectriPlast™ in Korea may cease or be substantially reduced. Although the Company expects to open a Korea office in early 2012, this press release is not intended to guarantee the occurrence of such event. You are urged to consider these factors carefully in evaluating the forward-looking statements.
 
Contact: Doug Bathauer, VP of Corporate Development, 812-455-5767



Read the full story at: http://www.thestreet.com/story/11380171/1/integral-technologies-inc-to-open-korean-office-for-sales-of-electriplast8482.html