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.

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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.

November 14, 2012

ElectriPlast: Course Correction In Progress...






By: PRNewswire,
November 13, 2012

Bellingham, Wash. -- Integral Technologies Inc. (ITKG) today announced the appointment of James Eagan as its new Chairman. Mr. Eagan will succeed William Robinson, who had served as Integral's Chairman and CEO since the company's founding in 1996. The transition within Integral's senior management ranks coincides with the acceleration of the company's strategic penetration into new markets for its patented line of electrically conductive composite materials.

"Integral is at an exciting inflection point, and we owe a tremendous debt of gratitude to Bill Robinson for getting us where we are today," said Mr. Eagan, a current Director of Integral who had most recently served as President of OrbComm Asia Ltd. "Under Bill's capable leadership and steady hand, Integral has emerged as a pioneer in the conductive plastics industry," added Mr. Eagan.  "Not only did Bill oversee the development of a cutting-edge patent portfolio, but he excelled in the equally formidable task of assembling a premier team of scientific and business minds to tackle the challenges of bringing this innovative technology to a worldwide marketplace."

As Mr. Eagan takes on the Board Chairmanship, Doug Bathauer, Integral's current Vice President of Corporate Development, will the assume the title of CEO from Mr. Robinson. "Bill's legacy at Integral will be that of a visionary pragmatist," said Mr. Bathauer.  "He has been instrumental in laying the groundwork that has allowed Integral to grow, adapt, and maintain continuity of mission as we seize new opportunities in the markets we serve.  This is a transformative moment for the global energy technology industry, and so it is fitting that it should also be a transformative moment for Integral. We are eager to build upon the strong foundation that Bill has established, and grateful to be so well-positioned to do so."

For his part, Mr. Robinson described his tenure at Integral as "an incredibly rewarding adventure."  Said Mr. Robinson, "It's been an honor to be part of what is truly a ground-breaking enterprise. As I see great prospects on the horizon for Integral, I am confident not only that the time is right to bring new perspectives to the fore, but that James, Doug and their team will lead this company boldly toward that horizon." In addition to the shifts in the CEO and Chairman roles, Herbert Reedman, a current Integral Director, will succeed company co-founder William Ince as President; Mr. Ince will stay on as Integral's CFO.

Concurrently with its upper management changes, Integral also announced the appointment of Richard Blumberg, Esq. to the company's Board of Directors as its first Independent Director. With a broad range of expertise in energy technology and law, Mr. Blumberg is poised to make major contributions toward Integral's strategic initiatives.

"Rick brings with him extraordinary intelligence, enthusiasm and a visionary perspective, formidable traits that, when integrated, will propel Integral's strategy and augment our expansive efforts," said Mr. Bathauer. "We're incredibly fortunate to benefit from the depth and breadth of his background, and his skills will certainly prove imperative to Integral and to our shareholders."

Blumberg's education and prior engagements speak volumes of the institutional awareness and informed outlook that are inherent in his observations and thorough understanding of Integral's market. He graduated from the University of Illinois with a degree in electrical engineering and computer science and from Stanford University with a degree in law, and, over the course of his extensive, multifarious career, Blumberg has worked tirelessly to put that proficiency to use. He has acted as one of the principals of a medical-legal and class action labor litigation firm, achieving judgments in the hundreds of millions of dollars.  He has served as CEO of leading wind power development company Energy Logics, and, while there, he oversaw the buyout of the company, which went on to successfully develop a 120 MW wind farm in Montana. Most recently, Blumberg has worked as a venture capital entrepreneur in high-tech and life sciences companies and is also currently a major shareholder in Insync Analytics, the co-developer of an analytical trading tool presently used in-house to trade stocks and commodities.

Explaining his motivation for joining Integral's Board, Blumberg shared, "My focus in venture capital is on disruptive technologies that possess important social benefits.  Integral boasts the leading IP portfolio in the conductive plastics field, is acknowledged by those multinational corporations who have tested the technology to have clearly superior technical performance compared to every other competitor, and has a proven capacity to produce light-weighting and improved manufacturing capability in the automotive, electronics and consumer goods sectors that will translate into lower energy and manufacturing costs. Integral has the potential to be an absolute game-changer in this field, and I'm frankly excited to be a part of the endeavor."

"We are thrilled to welcome Rick to our Board," added Bathauer. "First, Rick brings to bear a remarkable wealth of hands-on experience in cutting-edge technology innovation and market implementation.  Secondly, his enviable reputation as a highly skilled lawyer and tactician will be indispensable to Integral as we structure and deploy our emerging global business opportunities through various strategically designed legal vehicles.  Finally, Rick's appointment represents the first major step in our initiative to establish a strong independent Board at Integral, committed to the integrity of our business and to the best interests of our shareholders. As we proceed towards our goal of achieving a listing on a national exchange, we will continue to introduce independent Board Members, each with different strengths and perspectives but with the common thread of advancing shareholder value. With Rick joining us, we are pleased to have set such a high bar for excellence."

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, 2012 as filed with the Securities and Exchange Commission and available at www.sec.gov.

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Anonymous Anonymous said...

I remain unconvinced (as does the market).

Its always a "people problem" - we just need the right people in the right places to get that first sale (in 16 years). Aisenbrey, salesmen, Reedman and now this shuffle.

And the timing is suspect - just prior to a another paltry 10Q.

I'm not buying it.

November 14, 2012 5:34 PM  
Anonymous Anonymous said...

Whoa boy!

Now there's competition. One has to wonder if Integral's patents are even valid in light of this...


November 15, 2012 7:27 PM  
Blogger PK... said...

To the first Poster --

I agree whole heartedly. This new team must prove itself and their intentions. Suffice it to note that the EB has lobbied for such a move for the longest of times (though to be truly honest, none believed that the Bill's could be maneuvered into departing so cleanly). The choke-hold the Bills had on this company, along with a number of poor decisions and even more poorer practices set in place a phantom glass ceiling that this company, try as it might, could not surpass* -- a better analogy would probably be: the rotten smell of a fish starts at the head.

The former officers were cast aside by the incarnation of this BoD, and I for one am looking at a positive outcome as a result...

To the second poster:

It's a valid concern, but I think the company was smart enough to install IP and patent firewalls to prevent any competitive outcome you may have in mind.

In this regard, we are well covered, and no matter how big or small, if you build a smart foundation (which, surprisingly, Integral has*) you will win the day.

(*) This is a short posting and there is a lot of historical context associated here... Review the EB's earlier postings to refresh the cranial nugget if you have a few minutes to spare.

Cheers and best to all,

PK sends...

November 18, 2012 3:17 PM  
Anonymous Anonymous said...

PK, DuPont has 4 patents protecting their product as well. The most recent year of issue is 2010.


November 18, 2012 9:28 PM  
Blogger PK... said...

All Concerned…

I would think this one of the Bill's major concerns after the failed foray with GE, DuPont and others. Even before then, when they initially began exploring the Antenna arena and ran smack-dab into litigation dispute with IAS Communications over a patent infringement lawsuit related to the Hawks' CTHA (Contrawound Helical Toroidal Antenna) --yeah, I never understood the acronym's spelling either-- antenna.

In any event, after these (and other) forays into disaster, the Bill's actually did learn a valuable lesson on IP integrity and protection.

They were diligent enough to think about infringement issues, and that shows in a number of their more recent associations.

That said, while DuPont may have 4 patents, unless they beat Tom Aisenbrey to the punch (which I doubt...he very much liked getting his name on patents), I think worrying on that front is fodder unless and until these plastics begin earning huge profits...

Then is when the fight will truly be worthwhile, right now and until then, it’s a moot concern that no one is willing yet to waste legal fees on.

Just my thoughts on the matter...

Now, here's a shout out to the new leadership who have recently taking over the reins of this company. When are you going to give me something worth writing about? My penmanship has attrited due to the lack of good news (or any news) to share.

You won the good fight, now share the blow-by-blow, and news on what we can expect in both the near and distant future.

A game-plan, with a timeline and achievable milestones would be gratefully appreciated before the year's end...

November 24, 2012 1:22 PM  
Anonymous Anonymous said...

Agreed. The lack of news combined with the departure of the Bills does not inspire confidence. Are the rats leaving the sinking ship?

All the evidence points to a product that either 1.) is a poor replacement for metal or 2.) is too expensive to make and use. They have lots of manufacturing capability and have had lots of market exposure. They have changed personnel, hired more personnel, gone global, hired many consultants and probed multiple market spaces.

But the results have been the same for over a decade: no sales.

Integral/Electriplast's credibility is shot. I would say if they don't start explaining what's been happening, this company is done.

November 30, 2012 4:17 PM  
Anonymous Anonymous said...

I'm not asking for empty promises or false hype. I'm even okay with "things aren't going as well as planned, but here is our outline moving forward". But complete silence is disrespectful to the investors. Just look at their own website - hasn't been updated since July. And that 'blog' section? non existent. Even if i miss deadlines or don't have the best news, i still keep my clients in the loop to a certain extent.

December 10, 2012 4:33 PM  
Anonymous Anonymous said...

The product is an astounding failure. After all the effort, changes of personnel and approach, they have sold NOTHING. That, in itself, is amazing. Even the poorest of products have some sales.

The reason for the lack of communication is the lack of any good news at all. Publicly traded companies cannot afford to broadcast their failures, so don't expect to be kept "in the loop".

How much longer can they go without sales?

December 11, 2012 5:15 PM  
Blogger cardfan said...

Hey PK,
Since there is evidently nothing to talk about with electriplast for the the time being, how about some 2013 projections for ITKG? No one can predict the future (especially with our current government), and i understand if you lean towards the optimistic since you've invested so much time and interest over the last several years, but as unbiased as possible, what are your honest expectations/projections for this company and product for the next year? Will Integral be above $0.10 per share in December 2013? Will they sell one pellet? Will they add more than 10 new board members? Merry Christmas!

December 20, 2012 4:18 PM  
Anonymous Vimec said...

Poprzedni wpis był lepszy.

January 15, 2013 2:19 PM  

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