ElectriPlast: Financed; Moving Towards Global Production...
JARCO &
Hanwha
to Discuss
Future of
ElectriPlast
Published on
August 20, 2013 at 6:17 AM
Integral to Host High-Tech Materials Maker, Hanwha, at Jasper Rubber Products
Integral Technologies, Inc., an emerging leader in hybrid conductive plastics, announced today they will host global high-tech materials maker Hanwha L&C at Jasper Rubber Products, Inc., the US manufacturer of Integral’s proprietary ElectriPlast® product line.
The Hanwha visit, which will take place later this month, will allow for the exchange of Integral’s proprietary processes involved in the science and manufacture of ElectriPlast, marking a milestone toward the further execution of a major licensing and distribution agreement announced between the parties earlier this year.
Integral also reported that it has received the first installment payment from Hanwha for the initial license fee under the terms of the Agreement. “We thank Hanwha L&C for their swift efforts to bring ElectriPlast to the Asian markets and look forward to further building on the partnership,” said Doug Bathauer, CEO of Integral Technologies. “They are a top global supplier in both automotive and consumer goods materials. In ElectriPlast we have a versatile material that offers increased functionality and lightweight composition within numerous applications in these industries.”
Integral and Hanwha L&C recently signed a 10-year agreement granting Hanwha L&C an exclusive right to sell, distribute and manufacture ElectriPlast in South Korea. Additionally, Hanwha has acquired non-exclusive sales and distribution rights to ElectriPlast in Japan, Taiwan and China.
Hanwha L&C is part of the Hanwha Group of companies that collectively form one of the largest conglomerates in South Korea. Headquartered in Seoul with annual sales exceeding $30 billion USD, Hanwha’s businesses include chemicals, munitions, plastics and similar materials for aerospace, automotive and consumer goods industries, as well as solar, pharmaceuticals, financial services, renewable energy, manufacturing and construction. Hanwha Group is on Forbes’ list of Top Global Companies.
Integral Technologies, Inc. (OTCBB: ITKG) (“Integral”), and wholly owned subsidiary, ElectriPlast Corp, 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. Follow us on Facebook and Twitter.
Sources:
http://www.electriplast.com/
http://www.azom.com/news.aspx?newsID=37926
posted by PK... | 8/21/2013 04:18:00 PM
6 Comments:
A strange PR. Has an air of desperation about it - they are now announcing business trips as "milestones". Anything to keep their name out there, I suppose.
And then there is that conveniently undisclosed "installment on the upfront payment". Why not disclose it? What's the big secret? It could only benefit both parties...unless its a pittance for a little peek.
I'm still waiting to see a nice splash on the Hanwha website touting their association with "the emerging market leader" in conductive plastic materials. Wouldn't that make a nice story? But, alas, it seems the Integral people are lot more excited about this product evaluation than the Hanwha folks are.
Another month, another yawn.
Big suppliers like Hanwha vet materials and technologies all the time in order to keep their product offerings fresh. Most of what they examine are never commercialized but once in a while they find something. This why you won't see anything on their website until they are actually committed. What they are doing now is technology bottom fishing.
As far as the license upfront payment goes, its probably not substantial. I am not seeing any granted Integral patents in Korea or China, so, without protection in the region there's not much to license. If the technology were to take off (a big "if" at this point), then it would easy to copy.
The market clearly does not understand the importance and most importantly the value of the relationships with the big players. I'm sure those with the never ending axe to grind will say otherwise. I see a much different view of what's happening with ITKG. Multi-billion dollar companies do not continue to invest money and human capital into new technologies with no future for more than two years.
Are we really to believe that 3 muti-billion dollar companies have all come to the same spot within a 2 month period to "bottom feed"? Did these companies grow to their current size by bottom feeding? That's a corporate strategy that does not make sense. Is that similar to an investment strategy of sticking around for years to bad mouth a company and hope for a drop in share price?
Well said Anonymous on August 27, 2013 at 7:02 PM. As a rule, basherboys are losers and you can smell them a mile away. I bet it won't be long before Electriplast gains some traction.
I think if you watch the price fluctuations in this stock, you cn clearly see the underlying strategy of these inane posters - use penny price, small volume, and badmouthing to make a few hundred dollars once or twice a week. Not an unclever approach, but has little to do with the inherent or ultimate worth of the stock. This will all vanish when/if the stock moves to a larger trading floor, and volume and price increase. Until then, they will continue to irritate the rest of us.
"inherent or ultimate worth of the stock"? That will be determined by a larger trading floor? Volume and PPS increases? Wrong!!
I`m thinking the real value will be determined by the companies product being accepted in the marketplace. Acceptance being shown on the balance sheet. The "worth" that will then be reflected by the PPS. Gotta keep that horse IN FRONT of the cart.
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