ElectriPlast: Global Market Networking Continues...
Integral
& BASF
Sign LOI
By: PRNewswire,
August 27, 2013
Integral Technologies and BASF Sign Letter of Intent to Jointly Explore the North American Market for ElectriPlast Conductive Thermoplastics
Bellingham, Wash. -- Integral Technologies, Inc. (OTC-BB: ITKG), an emerging leader in hybrid conductive plastics, and wholly owned subsidiary ElectriPlast Corp, announced today the signing of a Letter of Intent ("LOI") with chemical leader BASF Corporation to jointly explore the North American market for ElectriPlast's patented line of conductive thermoplastics. The two companies will approach key OEMs and Tier 1 manufacturers with opportunities for conductive thermoplastics as a lightweight material alternative to metals. Integral is the original researcher, developer and owner of the intellectual property surrounding the ElectriPlast® technology, and markets the ElectriPlast product line through Integral's wholly owned subsidiary, ElectriPlast Corp. BASF currently supplies Integral with resins used in the compounding of the ElectriPlast product line.
A world leader in engineering plastics, BASF and ElectriPlast will jointly explore the potential to utilize ElectriPlast materials as a lightweight solution for applications requiring electrical shielding, while reducing weight to help meet CAFE requirements initially targeting a broad array of automotive applications. "We see the conductive plastics market as a potentially important growth opportunity and the ElectriPlast technology as a leader in this developing industry," said Scott Schlicker, Automotive Powertrain Market Segment Manager for BASF.
The LOI with BASF represents Integral's further expansion into major markets with a recognized global leader in BASF and follows an internal technical evaluation, testing and molding by BASF. "This exciting relationship is consistent with our business model to collaborate with leading technology innovators to develop new product applications for ElectriPlast and license our intellectual property for its manufacture and commercialization across many industries," said Herbert Reedman, ElectriPlast President & CEO. "BASF is one of the world's largest chemical companies with a reputation for quality and high performance products. We appreciate that BASF understands the uniqueness of the revolutionary technology behind our conductive resins, and we recognize the value to Integral to potentially have such a respected strategic partner like BASF with its multitude of global marketing channels. We look forward to the continued broadening of our product offerings using BASF materials."
The BASF announcement follows two earlier announcements by Integral in June of this year; the signing of a co-development agreement with Delphi Automotive PLC to jointly develop wire and cable insulation applications using ElectriPlast® conductive resin technology, and the announcement of a 10-year sales and manufacturing agreement with Hanwha L&C of South Korea to license ElectriPlast® technology in Asia. "We have made great strides this year and look forward to building off this momentum in the months ahead," said Doug Bathauer, CEO of Integral Technologies. "ElectriPlast is a disruptive technology that is changing the way industry approaches materials, design, and manufacturing. We see ourselves playing a significant role in today's rapidly growing lightweighting industry. We're thrilled to be aligned with industry leaders, Delphi, BASF and Hanwha. We now have several key relationships primed to help us expand our operations both domestically and internationally."
About Integral Technologies, Inc. (OTCBB: ITKG) ("Integral"), and wholly owned subsidiary ElectriPlast Corp, (http://www.electriplast.com/) engage 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.
BASF - The Chemical Company
BASF Corporation, headquartered in Florham Park, New Jersey, is the North American affiliate of BASF SE, Ludwigshafen, Germany. BASF has more than 16,600 employees in North America, and had sales of $18.5 billion in 2012. For more information about BASF's North American operations, visit www.basf.us.
BASF is the world's leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of €72.1 billion in 2012 and more than 110,000 employees as of the end of the year. Further information on BASF is available on the Internet at www.basf.com.
® Trademarks of BASF Corporation and BASF SE
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, and
(4) the parties may be unable to agree upon definitive agreements.
You are urged to consider these factors carefully in evaluating the forward-looking statements.
Sales Inquiries:
Paul Mackenzie
Director of Global Sales ElectriPlast Corp.
1-800-524-6310
info@electriplast.com
SOURCE Integral Technologies, Inc.
RELATED LINKS
http://www.electriplast.com
http://www.prnewswire.com/news-releases/integral-technologies-and-basf-sign-letter-of-intent-to-jointly-explore-the-north-american-market-for-electriplast-conductive-thermoplastics-221300761.html
posted by PK... | 9/03/2013 02:58:00 PM
100 Comments:
Apologies for the late posting -- having someone sit on my iPad (not pointing fingers at my wife) and killing the video card while I was off on vacation at Zell Am See in Austria, I discovered that the iPhone is a wonderful back-up, but updating the EB is not a great feature in it's last ditch tool-kit.
Appreciate your patience, and if what I got from Vince is right, look forward to more on this trend in the near future...
Would anyone be willing to share some insight on why the relationship with BASF is not driving the share price higher? The volume was much higher around the time of the release, but no sustainable increase in value. I realize we don't have revenue yet, but we now have 3 big companies in the picture. What am I missing?
You are missing production and income. Integral has had 7,8,9 joint development/license agreements during the past 6-7 years that have never gone anywhere. So the markets and people are extremely cautious. Maybe optimistic but very cautious as Integral's history has always led nowhere. It is time for this company to prove itself by obtaining on going orders and steady production. Up till now, Integral has only had a few small odd orders over the many years. Until steady production, shipment, and cash flow ensues, we are going nowhere but down. Only so many promises and dreams before you must deliver. Integral can continue to dream all they want but they must now also deliver.
Exactly. The "agreement" with BASF is a non-binding letter of intent "to explore the market potential". That is a long way from committing to purchase; or committing to do anything for that matter. Integral's lack of performance is so well-established that mere association with "the big boys" doesn't impress the savvy investor.
Having no revenue with big companies is the same as having no revenue with small companies.
If Integral succeeds, ITKG's unwaivering base of longs will be the most savvy investors on the planet. Integral's odds of success are greatly enhanced by having any one of BASF, Hanwha, or Delphi as a partner. Having all three? Well, let's just say I'm feeling pretty savvy!
I appreciate the input. I understand the history of ITKG, and I understand how it impacts the mindset of investors that have been here for a long time. However, I also understand that the value of a company's common stock is based on future expectations. Having announced 3 relationships with these big players is really hard to ignore. The time and money that these guys have invested can not be discounted in my opinion. I can understand the "wait and show me" investment strategy, but I believe the investment at current prices is worth the risk based on what I assess as the fundamental change in ITKG's future expectations.
Yes. 12 years of failure is hard to overlook. The reason for that failure may be hidden in plain sight: the data sheets.
The EP products all show volume resistivities that are at least 1 million times worse than copper. That means EP is a poor conductor of electricity thus making all the hype of "metal replacement" and "vehicle lightweighting" sheer nonsense. Even considering the density advantage, it would take at least 10,000 times more EP to make a wire or part with the same conductivity as copper. In other words, as long as you don't need to conduct much electricity, EP might work. But it is documented as a very poor electrical conductor.
That said, there might be some niche applications out there that could use EP as a shielding material or as a static electricity dissipator. But to get traction in those applications, EP will have to outshine the incumbent products: BASF's own conductive Ultramid and the carbon/graphite materials that have been on the market for years.
When you add this all up, this looks a lot more like a lottery ticket than an investment. Good luck.
How do you explain the company's claim that EP is as conductive as copper? PK, any comments?
I have heard no such claim. Their own data sheets don't support it.
At A Glance - ITKG Milestones In The Commercialization Of Electriplast
Feb. 8, 2011 - ITKG Completes Initial Order for one of World’s Leading Plastics Suppliers (BASF)
Mar 15, 2011 - ITKG's ElectriPlast is tested and receives Underwriters Laboratory approval.
Electriplast satisfies all tensile strength & shielding requirements for Molding Auto Parts.
Electriplast outperforms aluminum parts to be replaced.
Electriplast exhibits lightweighting advantage of 60% weight.
May 11, 2011 - ITKG Names Forty Year Automotive Veteran to Board of Directors
Aug 23, 2011 - ElectriPlast Corp. Announces New Sales Chief
Nov. 1, 2011 - ITKG Wins OEM Supplier Agreement for Plug-in Hybrid Electric Vehicles
Jan 19, 2012 - ITKG Readies To Open South Korean Electriplast Sales Office
Apr. 30, 2012 - ITKG Adds New Composite to its Family of Conductive Hybrid Plastics
June 12, 2012 - ITKG Announces Joint Development Initiative With Aircraft Maker Volta Volare
July 20, 2012 - ITKG Forms IP Advisory Board to Accelerate The Commercialization of ElectriPlast.
June 26, 2013 - Hanwha Signs With ITKG To Manufacture, License and Distribute ElectriPlast in Asia.
June 26, 2013 - Delphi Automotive Signs With ITKG To Jointly Develop Insulator Technologies for
Wire and Cable Shielding
Aug. 19, 2013 - Hanwha Pays ITKG Partial Upfront License Fee.
ITKG Issues Hanwha proprietary processes for the science and manufacture of ElectriPlast.
Hanwha Readies To Begin Manufacturing, Licensing and Distribution of Electriplast in Asia.
Aug 27, 2013 - BASF Signs With ITKG To Jointly Explore North American Markets for ElectriPlast.
This list of milestones highlights the issue with this company: no results. No sales, no applications, no income.
As the years go by all we see are more signatures, more personnel shuffling, more announcements and more intiatives. Everything is so conveniently vague: no terms, no amounts, no prototypes. Everyone "readies", "accelerates", "explores".
Nor is there evidence that any of these "partners" have any skin in the game. In fact, they don't even make any announcements of their access to this "disruptive" technology from an "emerging market leader". Not even a blurb on their web sites.
The above post appears to originate from a nattering nabob of negativism who exhibits selective comprehension skills and/or a deaf ear... a classic "glass half empty" man. Anyone reading the milestones cannot deny third party statements of positive test results and actual Electriplast replacement of existing metal parts in an antenna while maintaining the antenna's performance; stated purchase of Electriplast material and functional Electriplast automotive parts in vehicles driving down the road.
Signatures, announcements and joint initiatives typically are welcomed signs of progress.
Any human being with a computer from Troy, MI to Shanghai, doing a simple google search, is inundated with hundreds of hits / announcements plainly describing ITKG's recent partnerships with giant "specifically named" multi-nationals BASF, Hanwha and Delphi. These blatant announcements are further accompanied by a great number of articles in plastics journals, business and financial news sites and blogs relating the same "named" partnerships... even going so far as quoting individual representatives of the multi-nationals "by name". No company would stand for this blatant worldwide disemination and direct use of it's name if it were not authorized and approved by the parties involved. Do we see any demand for retraction? No! Why? Because the disemination has BASF's, Hanwha's and Delphi's approval.. along with their glowing comments about ITKG's Electriplast.
No false statements have been made within the content of the above milestones plus putting one's best foot forward is naturally what a developing company should be doing in it's efforts to achieve commercialization.
We all look forward to broader acceptance of Electriplast, especially through these most recent ITKG announced mega-partnerships. With that broader acceptance will come many new, adopted applications and sustained sales that will accompany them.
If impatience is getting the best of you, friend, you of course have the option to take your whine on down the road... or try to internalize it... as nobody likes to listen to a whiner.
I really don't see this as whining. Its an honest representation of the facts. No one has been accused of making false statements; they have just been observed to not have made any statements of meaningful results. This seems to be the poster's point: nothing tangible has happened.
As far as the Google hits on the announcements, no permission is required to use someone's name as long as its factual and the information was found in the public domain. Which, in this case, it was. These "hits" are nothing more than parroting the original announcements. They are certainly not additional assertions made or commitments by the partners.
As to this Electriplast antenna, where might one purchase one? Is it lighter, cheaper or more efficient than the metal counterpart it replaced? Are there any test data or specs published somewhere?
This is how ITKG could really help themselves and disarm the naysayers. But they don't. We wonder: "why not"?
Sorry, but you sound like you're whining to me. You seem to accentuate the negative and disregard the positive.
Respectfully, I'd characterize you as a "glass half empty" man.
I'd also say your representation of the facts is somewhat lacking and would venture that others may well agree with me. I would suggest you re-read my informative "Milestones to the Commercialization of Electriplast" post to review the meaningful and tangible results you evidently failed to grasp.
The Press Releases that have been disseminated give formal public notice to multitudes of industry professionals worldwide that these giant global and formidable corporations are undertaking determined and meaningful joint development efforts in commercializing Electriplast. They are putting their reputations publicly on the line because they see promise in Electriplast.
As to the Electriplast antenna, this is the antenna that Think Wireless tested the Electriplast material in. The Model: PRO-600 Universal Satellite Radio Antenna. The CEO and Chief Technical Officer of Think Wireless said it worked well for this application. He has 19 years of experience in antennas, RF products, and propagation; 15 years of experience in wireless product development and manufacturing; a Ph.D. in Electrical engineering from Virginia Tech; and he's been inducted in NASA's Space Technology Hall of Fame. He is NASA certified. He also said, “Not only is Electriplast durable, weather resistant and versatile, it offers added functionality and lightweight composition. With Electriplast, Think Wireless was able to eliminate the receiver’s aluminum antenna, reduce the overall antenna size and still maintain performance. The Model: PRO-600 Universal Satellite Radio Antenna can be purchased at Amazon.com and several other places. It's a sealed antenna that still exists in both aluminum and Electriplast configurations. Your problem would be that you can't tell whether there's aluminum or Electriplast inside without breaking it apart.
That being said, the true importance of the Think Wireless and Lear/Fiskar applications lies in their "proof of concept", not in the financial gain to Integral Technologies. There's little doubt that these applications were stepping stones toward Integral's current relationships with giants BASF, Hanwha and Delphi. It is throught THESE partnerships that commercialization of Electriplast will truly commence.
I'd say that anyone that thinks that these recent multi-national relationship signings with BASF, Hanwha and Delphi are not meaningful, is either unconcerned, uninformed or just doesn't get it. I'm not sure about you yet... you just may simply be a "glass half empty" man.
I think it's the latter. He's a Glass Half Empty man.
Hmmmm. Model PRO-600 from Amazon. Is that the one from Think Wireless or the one from Pixel Technologies? Is it the one with the aluminum component or the one with the Electriplast component. Which component? The one inside the sealed unit? And they all have the same part number? Yep!
I`m sure glad they were finally able to complete this "proof of concept" so the big boys can finally move forward. What a freaking clown show.
And by the way, the glass is neither half full or half empty. It`s simply twice as large as it needs to be.
Back to the future. I think Aisenbrey showed this "proof of concept" 10 years ago. I recall seeing a cellphone he'd duct taped together with a Plastenna antenna that he claimed worked. It probably did. But no one cared.
Which means we're right back where we started 10 years ago - all we have is a scientific curiosity that no one is willing to pay money for. This shiny bauble has been trolled through the water for over a decade and no one bites. Fish big and small have been attracted but no one takes the bait. And those that nibble, quickly spit the hook.
Why? Because there is no value proposition. No one can show that Electriplast solves a problem or has value that exceeds that of the alternatives - of which there are many. Sure, everyone's making assertions. But no one is making sales.
If they were a year or two into this, you could say "the right people haven't seen it". But its been over 10 years and, by their own admission, hundreds of companies have had a look. No takers. And still just proving concepts.
--Glass 0.9 Empty
They needed to make it cheaper... bottom line. I think the big fish probably have a better shot at making that happen. Can anyone in the know comment on where we stand with the "cost" issue?
Proof of what concept? That a conductive plastic can replace metal? That was eoither proven many years ago, as you pointed out, or needs to be proven individually for every single application. It`s preposterous to think these manufacturing giants were waiting for a couple of upstarts to show them the way. It`s salesmen fodder, plain and simple. A catch phrase used to make it look like something happened.
Why don't you guys go make a beer run while I watch these three whales.
Cost issue? What does Electriplast cost? How can anyone make any evaluation of cost without knowing that?
Aluminum is $0.78 per lb. spot
Copper is $3.23 per lb. spot
And that`s just the start. Then comes the manufacturing costs and the licensing costs. All of which are useless until you find a customer willing to get past kicking the tires.
have you ever heard of cost benefit analysis? No I don't know what Electriplast costs, that's why I'm asking. I know that cost has come down over the years and I'm just asking how much. No one disputes the cost for some applications will be higher than the alternative, but don't discount the benefit. Ask yourself why the big fish are hanging around.... must be a benefit in there somewhere.
Speaking of kicking the tires. Carlos Santana just totaled his Fisker Karma in Vegas. No injuries. Should've had plastibrakes. ITKG up 18% this morning.
Three whales? Think supply chain. none of those whales are end users. Hanwha`s licensed to manufacture Electriplast. Also to sell and distribute....you need a customer for that. Delphi is not a end user either ....they need a customer. Same for BASF. Not an end user, also needs a customer. I think you could have a lot of beer runs in your future.
The whales had 125 billion in sales last year. They must have 2 or 3 customers each, at least. Wonder why they signed on with Integral?
Cost benefit analysis? Useless speculation if you don`t know the cost to begin with. You know the cost has come down? How could you know? That`s not analysis, that`s guessing.
More great words, much like "proof of concept". These are issues customers are facing, not shareholder issues.
Shareholders need customers.
Shareholders need contracts.
Shereholders need REVENUE!!!
Save the great words for the salesmen.
So you don't know what cost benefit analyis is, and you clearly do not know the definition of a customer? You are in over your head sir not only when it comes to investing but clearly in over your head with ITKG.
If you do not know for a fact that the cost of Electriplast has not come down then do not question my statement on the cost. You have no basis.
Now, now... Don't forget, Herb knows how to deal! He'll put 'em on paper, butter-nose a trade, bump 'em a nickel and eat the trunk-money just to make a deal. Hanwha flopped on the second pencil and word is the gross still turned out to be great! Unfortunately, they have to build another line, but Jasper can front 'em until then. But don't forget, BASF has gold-balls... and look for Herb to mop and glow Delphi on the back end. Won't be long now before we see some good pin action.
Come In Berlin - Lightweight Vehicles Conference - LV13 Oct. 1 & 2 Maritim Hotel, Berlin, Germany.
Who will attend? BASF and beaucoup other multi-national giants.
The pressures of lightweight vehicle design are increasing as EU CO2 emission regulations begin to intensify.
Material development needs to become more sophisticated to comply, and plastics − with their extremely
flexible, highly resilient and very light nature − offer considerable potential to this end.
Held in Berlin on the 1st and 2nd of October, the LV 2013 conference will attract and connect OEMs, Tier 1
manufacturers and plastics companies, and will discuss the key issues faced by the automotive and plastics
industries in the push for weight reduction.
Lightweighting is an ever-increasing and dynamic new frontier.
Demand for composites will become stronger and stronger over the next 5-10 years and beyond.
Electriplast is at the right place at the right time.
I have no basis?
"I know that cost has come down over the years" In order to KNOW that you would have to know what the cost was before and what it is now.....otherwise, you are guessing. Did you say cost benefit analysis or cost benefit guess? I thought I read analysis. What is a shareholder going to do with a cost benefit guess?
And as far as knowing what a customer is....a customer is a component of a supply chain. A supply chain can contain many suppliers and many customers....hence the word chain. The most important customer in a supply chain is the end customer. Without him you have no demand. Without end item demand, none of the other suppliers or customers have a reason to do anything. Maybe they could go whale watching.
so you haven't spoken to the customers (i.e. Delphi, BASF, and Hanwha's customers) but you are going to go ahead and speak for all of them. Impressive. Funny thing is I don't recall you asking me if I was interested in the benefits of ElectriPlast....
You would be better served investing in large caps rather than ITKG, they would be easier for you to evaluate and price.
Lightweighting?
If you need 1000 times more Electriplast to conduct the same amount of electricity as copper or aluminum, the resulting part is going to be bigger and heavier!
The fact is EP is nothing more than a few whiskers of a conductor dispersed in an insulating matrix (the plastic). So its logical that the material is a poor conductor.
The physics don't add up here...
I guess the physics don't add up and all of those moron scientists, engineers, and physicists at Hanwha, BASF and Delphi should go back to school...
Aug. 27, 2013 Following extensive internal technical evaluations, testing and molding by BASF..... Integral signs and begins working with BASF, targeting key OEMs and Tier 1 manufacturers with opportunities for conductive thermoplastics as a lightweight material alternative to metals.
1,000 times more ElectriPlast? Where did you get that figure? Must be the old extraction method at work. Since you obviously have it all figured out why continue wasting your time here? Move on.
Their data sheets.
Compare the volume resistivity of Electriplast against that of copper. There's a difference of about 6 orders of magnitude. (Yes, that is a million.) If you can handle the math, figure out the diameter of a conductor made from EP which has the same resistance as a tiny 24 gauge copper wire. Let us know what you come up with. (Hint: it's bigger than a garden hose.)
So much for lightweighting.
Since you're so dead certain that EP's a winner, why are you wasting your time here? Move on.
Can`t wait to have a couple of those under the dash of my next car. And a couple more running to each wheel that has Plastibrakes!!! Ha, ha, ha.
There`s a reason this product hasn`t sold itself for 12 years. And it`s not for lack of opportunity. Not sure this is it, but there`s a reason.
ITKG's not trying to replace copper wiring. That is a moot point.
Shielding effectiveness is where it's at gentlemen... not conductivity.
The whales know this. So do their customers and their competitors.
Don't move on. Hang around.
You'll see.
Check Out Today's Stock Radio Integral CEO Interview Sept. 24th
.
Google thestockradio. "Think Wireless and Lear/Fisker's acceptance led to the BASF, Hanwha and Delphi relationships. That acceptance, endorsement and partnership of Electriplast by these multi-nationals along with ITKG's
patent portfolio, which is second to none in the conductive plastics industry; ITKG's very strong engineering team; and the macro economic events such as "lightweighting" that are now part and parcel of the industries that electriplast intends to exploit... these all add to ITKG's credibility, momentum and advantage in going into meetings with other large corporate entities to discuss business opportunities.
Electriplast is a very viable product that has terrific application in many other industries outside of the automotive industry... connectors, electric motors; power tools; hand tools; solar energy; windpower; consumer electronics; cellphones... the list goes on and on. These are multi-billion dollar industries that Electriplast is in the midst of and you are going to see rapid expansion and scaling across all these industries in the very near future."
This shows that Integral's CEO is seriously misinformed: its not about conductivity, its about shielding. Chasing all these applications in power tools, hand tools, connectors, solar and wind energy etc. is a waste of time. Looks like we have another bozo at the helm. He will probably be touting batteries next.
And lightweighting: forget it. Its the conductors that add weight, not the shielding.
He seems to be more interested in selling more shares than getting serious about selling more pounds (or the first pound). How many more years of "relationships" and "meetings" do we have to endure before this "very strong engineering team" will deliver a commercial application?
C'mon guys! DELIVER!
Guess you're better informed than BASF, Hanwha, Delphi and Integral, huh "bozo"? yeh, right.
Another misinformed basher....
In case you haven't noticed the bashers are becoming the minority. I still can not figure out why the few bashers still keep it up. What's your game? If you knew for a fact the big 3 have nothing to bring to the table for ITKG I think we would all really like to hear this information. Oh that's right, this information does not exist because it is only in your head.
There is no "proof" on either side. That`s why the bashers AND the pumpers are still here.
Big companies have big R&D budgets. Just makes it easier for them to sweep things under the rug if it doesn`t work out. There are no guarantees folks....the last 12 years should have proven that even to the most thick headed or greedy.
Chat'n The Plast With The Multi-nationals... BASF, the biggest chemical company in the world; working with ITKG and the plast because it offers VERY GOOD EMI SHIELDING performance. BASF smells money. They ain't in this cause it's "National Help A Bozo Week".
Mr. HL,
Thank you for your interest in the press release and our LOI with
Electriplast.
I'm not sure I can answer all of your questions, however, I can say that we
have been working with Electriplast to technically and commercially
evaluate the technology.
Our initial technical assessment is that the technology appears to offer
very good EMI shielding performance.
We are now working with Electriplast to approach automotive customers who
may benefit from the technology to gauge their interest and confirm the
value proposition for the technology.
I do not want to comment on specific applications at this time as I
consider that information confidential at this point.
At any rate, thank for your interest. Please contact me if you have any
further questions.
Best Regards,
Scott Schlicker
BASF Automotive Powertrain Market Segment Manager
"to approach automotive customers.... to gauge their interest"
And you are offering this as proof? Of what? Sounds like a lot of tire kicking to me. Like they haven`t gotten past first base in the supply chain.
Hanwha hasn`t gotten past it in 3 months....
The Korean sales office hasn`t gotten past it in 2 years....
Jasper hasn`t gotten past it in 7 years....
There are no guarantees. Don`t let an anonymous someone else do your DD.
At A Glance - ITKG Recent Stock Price Milestones In The Commercialization Of Electriplast
June 18, 2013 ITKG closes at $0.69
June 25, 2013 ITKG conference call
June 26, 2013 ITKG/Hanwha press release
June 26, 2013 ITKG/Delphi press release
Aug. 19, 2013 2nd ITKG/Hanwha press release
Aug 27, 2013 ITKG/BASF press release
Sept. 25, 2013 Current ITKG stock price $0.46. 23 cents BELOW the price before this latest attempted commercialization news.
The market has spoken.
Proof and further corroboration of BASF's and Integral's joint engagement.
Hanwha may be able to "produce the plast" in as little as 3 months, ITKG's CEO said in the stock radio interview yesterday.
Sounds to me like BASF and those Koreans and Delphi are doing more than kick'n tires and they aren't wasting any time about it either.
It's said the Korean office was highly instrumental in the Hanwha deal and that ITKG very clearly knows how greatly valuable that office will be in exploiting the technologically fertile pacific rim.
We may hear Mr. Mathias' take on all things Electriplast very soon too in a Seeking Alpha interview article. I look forward to that.
Word has it, firsthand comments from other players are likely too... should be very informative.
Course it's said that many "more informed, higher grade investors" will come visiting once they are made aware of ITKG's progress through these media events and personal discussions. That they will see cost reductions, and improved financial stability, coupled with powerful partnerships making progress. We're talking men with big money to invest.
Plus ITKG's CEO indicates more big boys will be coming onboard... the way being greased by the endorsements and partnerships of the three horsemen already in our stable.
And I sensed an implied increase in tempo; a step up in the pace of Electriplast commercialization events in the remarks of the ITKG CEO in his stock radio interview yesterday. I'm guess'n they figure that the three horsemen and the others to follow are going to start cracking whips and taking names... that time and speed is of the essence here in this disruptive gold rush that is about to unfold. I'd go as far as to say I sensed a vibe of expected frenzy!
But you are right in that there are no guarantees... and as always, do your own DD.
I always do mine.
But I'll tell ya another thing... and this you can take to the bank.
The market's got alot more speak'n to do yet.
For the basher that says don't let someene else do your DD, remember Mr. basher that includes not relying on your statements as well.
And for the basher that says it's not about conductive plastics, apparently BASF disagrees:
"We see the conductive plastics market as a potentially important growth opportunity and the ElectriPlast technology as a leader in this developing industry.
—Scott Schlicker, Automotive Powertrain Market Segment Manager for BASF
It almost sounds like conductive plastics and shielding applications are both being considered.... save some face while you still can.
I doubt the bashers understand what real DD is.
Due diligence is hanging on every word spoken by people who have a vested interest in you buying their stock. This would include the CEO - he will always give you the straight scoop. You can also use such quotes as "proof".
Due diligence is hanging on every word spoken or written by people who suppport your "gut" feeling. If they say someone else said something that agrees with your "gut" - its gospel.
Due diligence is about extrapolation. If someone says something sounds good, its probably even better. If its a good shielding material, its probably a great conductor. Don't be a "glass half-empty" person.
Due diligence is NOT about getting hung up on facts and numbers like sales, pricing, revenue, volumes, etc. Its also NOT about doing your own calculations of product properties and performance. Rely on someone else to tell you the "product works".
Due diligence is NOT about getting hung up on the company not delivering results. The prescient investor relies on assertions, plans, non-binding agreements, strategies and relationships.
Due diligence is NOT about determining who has made a tangible, documented commitment to the product, who have "skin in the game". Don't worry if "partners" don't announce their relationship with the company on their websites.
Most importantly, due diligence is NOT about being critical. This is a cheerleading exercise to justify your preconceived notions. Don't be calling people who tested the product and rejected it. And if something is "confidential", assume the best. They are not hiding poor results or obscuring failure.
Bottomline, let other like-minded people do your thinking for you and don't get distressed over facts and history that don't support your notions. You'll sleep better. For a while.
Best post of the year. Thank`s for putting it so eloquently.
"you could claim that anything's real if the only basis for believing in it is that nobody's proved it doesn't exist!”
― J.K. Rowling
While the above quote might make sense to some in a given situation, it badly misses the mark in the case of Electriplast. Consider the same logic from a different perspective - has anyone proven that Electriplast does not work?
My DD does not indicate anyone (currenlty) trying to prove that Electriplast does not work. Quite the opposite in fact. Time will tell...
You only need go back as far as the post that starts out with....."Proof and further corroberation", to see the value of the Due Dilligence post.
Hanwha may....
Sounds to me....
It`s said the....
We may hear....
Course it`s said that....
And I sensed an....
Thank`s for setting the record straight, Mr. Due Dilligence, whoever you are.
Hey, that would be me. What's the matter? You worried? Can't sleep? ha ha ha he he he
Sounds like you may be in search for the world of certainties and absolutes. I don't think the microcap world is going to fit the bill. There are still a few individuals hanging around that do not truly understand what an investment in ITKG represents, particularly the degree of risk involved and the process of the commercialization of a new technology. Feel free to drop academic quotes out of marketing and business 101 text books all you want, but many (in my opinion) will not be able fully grasp the time and investment required for this new technology to be adopted.
It is impossible to live without failing at something, unless you live so cautiously that you might has well not have lived at all, in which case you have failed by default. - J. K. Rowling
If past history was all there was to the game, the richest people would be librarians. - Warren Buffett
"Money won is twice as sweet as money earned." - Eddie Felson
How about that.....there really are two sides to the coin.
But for all the pie-in-the-sky predictions, the real Due Diligence investors seem to have their hand on the market. A 30% drop since the current news blitz began....3 months ago, is a pretty good indicator.
The 10K is due out in the next couple of days.....wonder what the market will think of another quarter with zero or near zero revenue?
I'm more interested in what the market will think when BASF starts manufacturing the europlast.
Anticipate away...it`s been a month now and the market seems underwhelmed.
And by the way, the press release specifically stated "North American Market". Has Jasper changed Electriplast`s name to europlast, or are you just trying to mislead or misinform? How did "Jointly Explore the North American Market" become a manufacturing agreement for Electriplast pellets?
Anybody seen a 10K around anywhere? Ha, ha, ha.
Surely you don't think BASF will limit themselves to the North American market do ya?
And what's Jasper got to do with it?
Better read the BASF press release again.....what it actually says, not what you want it to say.
How did the REAL Mr. Due Dilligence put it.....
"Most importantly, due diligence is NOT about being critical. This is a cheerleading exercise to justify your preconceived notions."
He`s got your number alright.
I could be wrong, but savings bonds might be a more aappropriate buy for you two REAL boys. This however, is a speculative stock... it requires a different skill set entirely. I'd say some just have a natural ability to lead targets... others don't. Oh, and don't forget... I got your number too, roundhed.
How does a public company that intends to enter into numerous licensing, manufacturing, sales, distribution and royalty agreements protect its bargaining and pricing abilities with future contractual parties if they are required to publish in detail the financial terms of their already completed agreements?
Answer Is: CERTAIN PORTIONS OF THIS EXHIBIT HAVE BEEN OMITTED BASED UPON A REQUEST FOR CONFIDENTIAL TREATMENT AND THE NON-PUBLIC INFORMATION HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION.
ARTICLE 7 ROYALTY FEES
Glad to see that!
No, the real answer is....How does the shareholder or potential shareholder know this even is a problem. How does the anonymous questioner know it`s a problem and why, oh why, does he assume that it is the shareholders responsibility to find an answer? The anonymous poster seems to assume ITKG is the only public company that has this problem. The whole pretense here stinks of devisive manipulation. What does Bill Ince think? Isn`t this what he`s paid for? He`s not just some accountant, he`s the CFO. What do their Chartered Accountants, Smythe Radcliffe LLP think?
This anonymous shareholder doesn't have to get run over by a Mack truck to know what getting run over by a Mack truck would be like. The document clearly shows what ITKG's CFO, CPA's, their legal firm and the SEC thinks.
You should come to our little poker get togethers sometime. You can play with no hands. We'll deal your cards face up.
I have a question regarding future royalty payments, and I do believe they are on the way. If Hanwha is going to manufacture EP (which is my understanding)how will ITKG monitor the amount that is manufactured for the determination of an accurate royalty payment? I am sure there is a process in place, but would like to hear thoughts on the matter. Thank you.
Virtually all technology licenses drafted by competent counsel contain report, audit and recordkeeping provisions. Typical terms require royalty reports quarterly, maintenance of records for 3 years and allow for a third-party audit no more than once per year. If the findings exceed 2-5% of the correct amount owed, then the licensee pays for the audit. If they find less, then the licensor foots the $20-50k audit bill.
Thank you for the response, very helpful. Hopefully we have some good news on the royalty front soon.
How about ANY news on the royalty front?
Perhaps the anonymous poster with all the answers about technology licenses could explain why it was necessary to offset the claimed first payment with an equal deferred payment?
Note 8 from the last 10Q:
"The first $250,000 has been recorded as a receivable offset by a deferred liability, which will be recognized as other income in the consolidated statements of operations over the life of the 10 year contract."
Not being privvy to the contract, one can only speculate. Occasionally, licensors negotiate "upfront" payments with payment terms - in this case "over the life of the 10 year contract". So, it could be that the licensee in this case is required to submit $25k annual payments to keep the license alive - in addition to running royalties. Or the $250k could represent the entire income expected for the life of the license. "Paid up" licenses are not uncommon.
The net zero income accounting entries probably are related to revenue recognition rules. The licensor may not recognize the revenue until all of its liabilities in the license are fulfilled. As to when the actual cash will be received, that's anyone's guess.
ITKG has filed with the SEC that they cannot file their 10-Q on time. Their reason is cited below.
http://www.sec.gov/Archives/edgar/data/1018281/000114036113043081/0001140361-13-043081-index.htm
"The compilation, dissemination and review of the information required to be presented in the Quarterly Report on Form 10-Q for the relevant period has imposed time constraints that have rendered timely filing of the Form 10-Q impracticable without undue hardship and expense to the Registrant. The Registrant undertakes the responsibility to file such report no later than five days after its original prescribed due date."
Anyone have any idea what this means? Could this be a signal that they are about to go under? Are they hiding something? In any case, you have to be very concerned about a company that doesn't have the time to file required SEC documents...
It should also be noted that the "relevant period" closed a month and a half ago. Not a single revenue producing contract was announced during the "relevant period" or since. That said, I doubt it portends any impending bankruptcy action. They`ve been late before for no apparent good reason. Just plain sloppy CFO policies would be my guess.
Blame it on the Seoul no sales office. Ha, ha, ha.
Do you renounce satan?
Its not surprising - just business as usual. It just proves, once again, that we're dealing with a 4-employee garage outfit - that has happened to burn through over $40M of shareholder capital.
Hope they weren't late on their Mercedes lease payments...
Apple was a two employee garage outfit.
Right. And Doug Bathauer is Steve Jobs.
I don't recall Apple being a two employee garage outfit with zero sales 12 years after they started. Maybe the difference was they had a product that people actually wanted to buy. Or maybe the difference was that Jobs and Woz spent more effort working on that product than working on selling stock and lining their pockets.
Seems you forgot about Apple's trying times. No profits for 13 years; Job's Edsel Newton was one of the biggest flops in computer history. They fired him. They never had over 5% of the market back then. Every other issue of Time, Newsweek, MacUser and Macworld predicted Apple going bankrupt. I was there... defending them too. This one's going to come in friend... whether you like it or not.
Oops! There goes that typical ITKG due diligence again: just seeing what you want to see and making up the rest.
Check this out:
http://apple-history.com/h1
SALES after two years. Sales is defined as the exchange of cash for product (some ITKG fans might not be familiar with this concept. The managment of the company sure is not).
And then there is:
http://en.wikipedia.org/wiki/History_of_Apple_Inc.
Scroll down to "Financial History". After 12 years, Apple had some $4B in SALES.
Now, remind us, how is it that Apple and ITKG are alike?
You made the slight that ITKG is a 4 person garage outfit. I gave you the example of Apple starting the same way. I also said "profit". I admit my statement was exaggerated. However, Apple didn't really start making real money till 2004 with the iTunes Store, iPod etc. Apple made more in 2008 alone than they did in their first 26 yrs of operation total.
The following is true and Apple's viability was constantly being challenged throughout the years until they got into the music business.
The moral is that great things can be achieved from meager beginnings. Apple's a good example like I said. I think Integral will be too. Evidently you don't.
In support of what I said...
By 1990 the market was saturated with PC-clones of every conceivable configuration, and Apple was the only company selling Macs. In late May, Microsoft rolled out Windows 3.0, which could run on virtually all of the PC-clones in the world. Apple was in trouble.
1995-96. Misjudging the market, Apple failed to make a profit at all. Apple posted a $68 million loss for that quarter.
1996-1997 Amelio made a strong effort to bring Apple back to profitability, but his efforts would prove to be largely unsuccessful. Following his first 100 days as CEO, Amelio announced that the company was to be split into 7 separate divisions, each responsible for its own profit or loss. The company announced a staggering $740 million loss for Q1 1996, they brought that loss down to $33 million for Q2.
The Newton department (which bombed) was spun off into a wholly-owned subsidiary, Newton, Inc.
In early July 1997, Apple announced the resignation of Gil Amelio, following another multi-million dollar quarterly loss.
With no CEO and Apple Stock lower than it had been in 5 years, there were many decisions to be made, and not much time to make them.
1998 - 2000 Apple was profitable.
The second half of 2000 was rocky for Apple. Slower sales, combined with a misunderstanding of the consumer market resulted in the first unprofitable quarter in three years.
Apple's financial troubles continued throughout 2002. Apple stumbled in the second half of 2002, however, largely due to
macroeconomic conditions. In October, it announced a quarterly loss of $45 million, due to weak PowerBook and PowerMac sales.
2003 - iTunes, iPod
The whole pretense is silly.
Apple is a B to C company. Business to customer. Their product is manufactured from multiple components. They build based on market projections and forcasted demand.
Integral is a B to B company. Business to Business. B to B builds to contracted demand. Electriplast is a raw material.
A whole different world.
Electriplast is to Apple what aluminum is to an automobile.
ERROR
Business to customer should have read Business to consumer.rcsear 1169
Agreed. While both "had meager beginnings", one took off immediately and the other has languished with no product sales for over 12 years. We can try to impress each other endlessly with our knowledge of Apple's history but the fact remains: other than their beginnings, Apple and ITKG bear no resemblance to each other whatsoever.
I have to tell ya, I'm not too impressed with your knowledge of Apple history.
Apple's shareholders who bought AAPL stock on the day it IPO'd and held it for 23 years did not make a dime.
Closing Prices For Apple Computer, Provided By Nasdaq
Dec 12, 1980....29.00 IPO
Oct 1, 1984......24.87
Oct 1, 1985......18.62 - 5 yrs. out
Oct 1, 1986......34.63
Oct 1, 1987......38.63
Oct 3, 1988......38.63
Oct 2, 1989......46.50
Sep 4, 1990......29.00 - 10 yrs. out
Sep 1, 1993......23.37
Jun 1, 1994......26.50 - 14 yrs. out
May 1, 1997.....16.62
Dec 1, 1997......13.13 - 17 yrs. out
Nov 2, 1998......31.94
Dec 1, 1999......102.81
June 2000........2:1 split
Dec 1, 2000......14.88 - 20 yrs. out
Oct 1, 2001.......17.56
Oct 1, 2002.......16.07
Mar 3, 2003.......14.14 - 23 yrs. out
May 3, 2004......28.06
For more than two decades, Apple Computer made personal computers.
I own about eight of 'em. One of the best tools ever invented in my opinion.
Apple faced rocky sales and low market share during the 1990s.
After twenty three years as a public company, Apple stock was worth less than when they IPO'd.
Four CEO changes brought Jobs back.
Like I said, when Apple created the iPod music player in 2001 and iTunes Music Store in 2003, they changed their emphasis. That's when Apple took off... 25 YEARS after they IPO'd.
Apple dropped "Computer" from the company's name in 2007.
ITKG has undergone one CEO change.
The current CEO has barely got his feet wet plus he has alot of expensive bungles to correct to get ITKG's house in order.
ITKG's first revenue and three of it's biggest agreements have been inked under his administration.
We are likely within months of where applications may begin to emerge from these relationships.
We'll see. If they do, ITKG will bring far greater profits to it's shareholders than Apple ever did in its first 25 years of operation. JMHO.
There are CEO`s and then there are CEO`s.
"Newly Formed Entity to Take “Control and Command"
That press release was dated August 15, 2011.
It went on to define WHO exactly was taking comand and control of Electriplast.
"The newly formed entity, based in Philadelphia, will be directed by Herbert Reedman, a former automotive retail executive and recently appointed member to Integral’s board, who will act as President and CEO of the newly formed ElectriPlast Corporation."
Bill Robinson, and later Doug Bathauer, remained CEO of Integral Technologies. Integral, it seems, controls the financial side and their only other product...the companies only real source of income, the authorized share pool. The expensive bungles the earlier poster refered to, while possibly not perfect, were the only thing that has kept the lights on. Since Robinson stepped down a year ago, the authorized share count has increased by 15 MILLION!! It should be noted also that the million dollar consultants Robinson hired still all seem to be in place.
So Bahthaur has had a year to work the finances and Reedman has had over two years to work the commercialization of Electriplast. The companies only asset, cash on hand, was reported on the last Q to not even be enough to carry thru the next quarter at current burn rates ($300,000 to $400,000 per quarter). And the same Q also reported another quarter on commercialization revenue as ZERO. No change from 9 quarters ago when Reedman took over.
So good luck to you if somehow you can explain this all away as "barely got their feet wet".
If you are going to quote me, be accurate.
I didn't say "their feet". I said "his feet", referring to Bathauer.
Typically, there is a honeymoon period afforded Presidents, Generals, Head Coaches and CEO's; especially following a coup.
As I said previously, since Bathauer has taken the helm, ITKG has deposited it's first appreciable revenue; has expanded it's operations globally; has a royalty generating, state of the art Electriplast Production Line being constructed in Asia as we speak, funded by one of the largest and most deep pocketed multi-nationals in Asia doing well established business in China; is ramping up efforts in South Korea, probably the greatest hotbed of automotive, battery and consumer electronics outside of Troy, MI; has signed an agreement with the largest chemical company in the world to jointly exploit the burgeoning North American Automotive Industry conductive plastics market; and has signed an agreement and is actively working with one of the world's largest automotive suppliers to revolutionize the wire and cable industry. Asian production could come on line mid to late first quarter 2014. We must wait and see what materializes application-wise with Hanwha, BASF and Delphi. The groundwork has been set in spades and the opportunity for Electriplast to succeed is unparalleled in the history of this company. HUGE potential here.
The shares outatanding have not increased by 15 million, but by 13,891,858.
It ain't easy being cheezy or disruptive either for that matter. It takes fuel.
Bathauer inherited an exorbitant burn rate in my opinion, as established by the former ousted CEO Robinson.
He must examine every cost, benefit and performance metric, top to bottom, in every regard.
He must strengthen the organization and utilize capital exercising every possible efficiency and do it with an iron fist.
He must eat, drink, sleep and breathe ITKG.
He has already closed an office, I think.
Plus he's cut about 55 thou on CEO pay and fired Neu, thus saving additional nonproductive salary.
Pocket change, but a start.
Maybe he should read some Dave Ramsey books for some pointers?
This is an exciting time in the development of this company.
Decisions made now can make or break Integral.
Bathauer's the man with the hairy balls.
You take away the company Kool-ade and it looks pretty much like business as usual to me.
Hanwha won`t turn a wheel until they have a customer. Haven`t seen that press release yet. They did not get where they are building just-in-case inventory. Jasper has been waiting for 7 years.
That so called royalty payment was offset by an equal and offsetting debt listed as a deferred liability if you read the fine print in the 10Q.
Besides NEU (a small potato), I`ve seen no proof that anyone else has been let go or any offices closed. Business as usual.
LOI and joint development contracts are nothing new for this company. Where`s Heatron and their LED market? Just more business as usual as is Lear, whose been trying to find a financially stable customer for over 2 years.
My opinion, and it`s only that, Reedman is the puppet master and Bathauer is the puppet. Real slick.
Almost 15 million shares outstanding per year to keep these guys in the lifestyle they`ve become accustom too. Ha, won`t have to vote for another share increase for 5 more years at that rate.
Hanwha did not get where they are building just-in-case production lines either, or paying non-refundable $250,000 up front money for the untested opportunity to do so. Remember, they had conditions; milestones they required to be met before consumating the deal and buying and building new production line(s). They were very deliberate, taking their time (where's Hanwha? where's Hanwha? cried the basherboys). Hanwha conducted exhaustive testing and evaluations before going all in.
I'm betting Electriplast's commercialization is about to unfold in the form of applications by all three multi-nationals.
It's getting near showtime. It might even get "disruptive" around here.
Hanwha is being "deliberate" - I like that one. That's the reason no one's commercialized anything here: they're being "deliberate"! EP requires a great deal of deliberation before any sales are made.
But let's hope Hanwha's not too "deliberate". Or things could get "bank-ruptive" instead of "disruptive".
The fact is none of this hyperbole is coming from Hanwha. Its all implication from the pump squad at ITKG. (Can anyone find more than 20 words quoted by Hanwha?) Hanwha seems to have a little trouble speaking for themselves on this subject. Wouldn't a company that's "all in" issue a press release? Put up an introduction on their website? Assure their new customers of their commitment to this new technology and product that's going to change the world?
Maybe soon - after they deliberate about it...
Once again... they were deliberate in their examination "before" committing.
Once committed, they appear to be "full steam ahead", building a brand new production line that is to come on line shortly. They are in gear I'd say.
It's true, we've not seen press from any of the three multi-nationals. I wondered about that myself. In fact, I sent an email to two BASF employees and asked them about progress regarding Electriplast. One did not reply, but one did. He acknowledged the agreement and spoke favorably about the mutual proposition, thus confirming to my satisfaction that the ITKG PR was accurate in every way. I have made several inquiries like this in the past and have never caught the company in a lie. What they published regarding other companies has been truthful in every instance. That's good!
Once again.... boy, you got that right. Once again we have another testimonial from a customer unwilling to purchase. But wait....Integral is their customer!! And how does 3 months without a word equate to "full steam ahead"? Doncha love these guys. To the moon, Alice!! Ha, ha, ha.
Reedman`s own words from 2 1/2 years ago....
"Doug: Where will you be directing your efforts first?
Herb: Sales without question; and the systems, processes, people and products necessary to support our sales and marketing plans going forward. We have received inquiries from some of the leading companies in almost every industry imaginable; I will be concentrating on our current and future book of business.
Where are all those low hanging fruit? Those 7-8-9 licensee`s and the often implied military interest? Heatron claimed that Electriplast was critical to their new line of LED`s. That was 7 years ago. The LED`s happened...they even built a new plant to support their commercialization. But not a single one of them has any Electriplast in them. Where is Reedman? Where`s BASF?
Where are all those battery makers? And where oh where are all those cell phone makers. All those millions of cell phone and GPS devices, and not a single Electriplast pellet involved. Where is Reedman? Where`s BASF?
Looks to me like someone has his cart in front of his horse again.
"Full steam ahead" was my characterization of Hanwha's level of engagement and to continue the fruit analogy... I'm also quite pleased with Hanwha, BASF and Delphi's orchards.
BASF is not a customer, they are a supplier to Integral. Nice of them to try to help, but they have no orchard. Integral is THEIR orchard.
Delphi may be an orchard some day, but right now they`re trying to decide if they even want to plant Integral`s trees.
Hanwha is a middle man, they will never be an orchard. They need to find an orchard, but still are working on their own infrastructure.
Cell phone manufacturers ARE orchards. Battery manufacturers ARE orchards. Heatron was/is an orchard, as are all the licensee`s with the possible exception of Jasper. Unlike Hanwha, Jasper is 100% on line, but hasn`t been able to find an orchard for 7 years.
That`s the low hanging fruit I`m talking about. Reedman knows the difference, so does Bathauer. So do all their million $$$ marketing consultants. The truth is, the real orchards are all out there and in full production.
Think the fruit analogies went to mush...
What will come from the Hanwha, BASF and Delphi relationships remains to be seen.
If successful applications emerge, ITKG shares are golden.
If not... making money here will be a challenge.
Integral, the company and Electriplast, the product have both become stronger and continue to undergo refinement.
Both have come a very long way. Both will become more enticing to the investment community.
Industry's willingness to accept effective alternative solutions like Electriplast is at an all time high.
ITKG's three giant partners have ALL the prerequisites neccessary to succeed.
I think successful applications will emerge.
When that occurs, most of the bad history and negative comments will vaporize; the stock will squirt for the right reasons and it will happen quickly once it starts.
Buy low, friend. Don't miss out on the front end.
"Don't miss out on the front end" - sounds like the real estate agents in 2006.
These "parnerships" reveal what little ITKG actually has:
- No manufacturing capability
- No application development capability
- No ability to sell.
All they have is a commercially unproven concept and a handful of application patents. They don't even have a patent on the composition of the material itself.
Assuming success (which is highly unlikely), after Hanwha invests millions to make EP, and BASF and Delphi commit millions more to explore the market and develop applications, how much do you suppose will be left for poor little ITKG? A few pennies per pound in royalty - which is probably about what they deserve since they haven't done any of the heavy lifting.
A more likely scenario is ITKG will sell the patents to pay off their burgeoning debt and quietly sink into oblivion. It happens every day.
Sell the patents? Have you read them? Patents that basically say build a whatever but instead of using metal, use Electriplast. What fool would pay for that?
PK, did you disappear from the conversation? You've been rather quiet lately.
PK is basically useless and only appears as a "Know It All" when things are really happening. When nothing is happening he is gone with the wind back to his ice hut in Bavaria. He is a pontificating blowhard with no real information. Once production and cash flow begin at Hanwah, old PK will be back leading the discussion as a know it all that in all actuality, knows nothing.
I'm not surprised by the year end selling here for tax loss purposes. What does surprise me is there are apparently buyers on the other end of the trade. It appears the buyers are being prudent in using limit orders below the market price resulting in the overall decrease in share price.
Not good news for the company. Looks like traders looking to buy at distressed prices hoping to score a few pennies on a ripple later.
When ITKG tries to raise cash by issuing more shares (and cash should be running out about now), they'll drive the price down even further as the bottomfeeders keep lowering their bids. This could negate this strategy and bankruptcy could soon follow.
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