ElectriPlast: A Fresh Start, A Fresh Focus...
Integral
Opens
Detroit
R&D
Center
By: PRNewswire,
January 3, 2014
Pioneer in Hybrid Conductive Plastics Boosts R&D and Customer Support Capabilities with Launch of an ElectriPlast Tech Center...
Integral Technologies, Inc. ("Integral"), an emerging leader in hybrid conductive plastics, and its wholly owned subsidiary ElectriPlast Corp., announced today the opening of its new Detroit Technology Center. The facility has been instituted to expand Integral's research and engineering capabilities, as well as enhance the company's applications development and technical support.
Since June of last year, Integral has signed a joint product development agreement with Delphi, a licensing agreement for sales and manufacturing with Hanwha L&C and most recently entered into an MOU with BASF, for the development of ElectriPlast as a lightweight shielding solution. The Tech Center offers engineering support and application development assistance to support these key relationships as well as Integral's growing customer base. It provides facility upgrades for staff expansion and additional resources that allow for greater internal testing, engineering and product development of ElectriPlast, Integral's line of proprietary hybrid conductive plastics.
"The opening of the Tech Center is driven by the rising demand for our technical expertise in conductive plastics from our customers," said Doug Bathauer, CEO of Integral. "This demand has been accelerating due to our recent relationships with Delphi, BASF and Hanwha L&C, and with the launch of our new facility, we are now in a much better position to deliver the superior technical support these world-class companies expect. Its strategic location, in Detroit is key toward Integral moving closer to the commercialization of ElectriPlast, as we remain confident that ElectriPlast will have a profound impact on the global automobile market and related industries."
Integral is the original researcher, developer and 100% owner of all intellectual property surrounding ElectriPlast, a patented line of non-corrosive, electrically conductive resin-based materials engineered to replace traditional metals such as steel or aluminum. Typically used for electrical and magnetic shielding applications in such industries as automotive, aerospace, consumer electronics, cable and alternative energy, ElectriPlast can be molded into any of the infinite shapes and sizes associated with plastics, rubbers and other polymers, while reducing component weight by 40% to 60%.
"ElectriPlast is a highly specialized and customized material, and all of our clients require some level of engineering support and application development assistance to initially incorporate our unique technology into their products," said Mo Zeidan, Integral's Chief Technology Officer and head of the Tech Center. "We work very closely with our clients and we pride ourselves in our ability to offer unparalleled engineering support. The Tech Center now allows us to strengthen this support, as well as research and develop new and innovative ways to apply our technology, all under one roof."
About Integral Technologies, Inc.
Integral Technologies, Inc. ("Integral"), and wholly owned subsidiary ElectriPlast Corp., 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, Bus bars 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, 2013 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.
Media Contact: Doug Bathauer, 1-812-455-5767, dbathauer@itkg.net
SOURCE Integral Technologies, Inc.
Copyright (C) 2014 PR Newswire. All rights reserved
posted by PK... | 1/04/2014 10:52:00 PM
53 Comments:
As I noted to a small group of friends earlier:
This is news both worth waiting for, and sharing. 2013 did not bring the expected deliverables. Is this a change-up that will prove that we are on a different, better course?
I for one am hopeful, but we have each been here before. While this course exposes the potentials of ElectriPlast -in its many incarnations- to a broader marketplace, and more tech-related prospects & solutions -- and does so in a ripe for potential location -- to best gauge the legs of this good news, I, for one, would like a bit more insight behind the mindset, vision, focus and imagined milestones of those bringing about this reality.
To be fair though - this represents a change-up from the past. If this is a new normal, then -despite my desire and need for additional clairity- I like it.
'PK' sends...
PK, you sound like you're high on dope. Hilarious sentence structure. Happy New Year.
Edelweiss was just legalized for recreational use in Bavaria. Better take a good toke before investing in this sham.
ITKG should design diets: you think you're eating but you don't gain any weight. This PR is a case in point:
- No address
- No phone number
- No info on size
- No info on staff size
- No info on facilities or capabilities.
It sounds so good, but there's nothing really there. For all we know its just some leased space in an abandoned shopping center. That's about all they can afford considering their last 10-Q.
They were due for some kind of PR to shore up the stock price, which has been sagging of late. I guess this was the best they could do.
many hcegageRising demand from what customers?
No web page link. In or out.
Tax loss selling continues?
Shoring up stock price fails.
New normal discovered to be old normal with new date.
You have to wonder where they got the money to set up a Tech Center. Extruders, injection molding machines and various physical and electrical test machines will cost upwards of $1-2M (or more) to install. And you'll need a few staff to run the place. After all, they need "to deliver the superior technical support these world-class companies expect." They will get caught in their lie in the next SEC report when no Tech Center expenditures appear. In fact, they probably have a couple of desks and a coffee pot for Mo.
I also like the statement "Typically used for electrical and magnetic shielding applications..." Another lie. Electriplast isn't used in any application. That's the problem.
This PR sets a new standard for lack of credibility.
Too bad we all missed the ribbon cutting ceremony and tours of the facility. The Tech Center for the "emerging leader in conductive plastics" must be impressive indeed. It seems that management squandered an opportunity to showcase the product and the extensive technical capabilities of the company (which are so much in demand).
Unfortunately, there's no address...
Whose running the joint? Mo and the seven dwarves? What have they accomplished in the last 4 years? Zero contracts 4 years ago, Zero contracts today. And with all that demand out there. Haven`t influenced a single engineering dept. to get behind Electriplast. Not even his flagship, Lear. No license, no customer, no contract. Can they only design electrical connectors for bankrupt auto companies?
don't worry fellas, you have a few more days of low share price to keep buying up more - no need to keep bashing the stock and relying on the past for the expected future performance of this company.
Hmmm, "expected future performance"? An interesting term....expected. And applied to a bunch of car salesmen. Would a smart investor base that on what they say they`ve done, or what they`ve actually done? Hmmm.
Well, you have to start somewhere in terms of generating revenue. I understand the skeptics, believe me, I've been a shareholder for 10 years. However, in my opinion the company is in a much different position today. That does not guarantee success, but we are several steps closer. An investor in a small company such as ITKG should be able to understand that. It is a bet with additional factors to consider now. What I don't understand is the constant negativity towards management. What is to be gained? or is it a matter of someone who felt burned in the past and can't let go, and won't be happy until the company no longer exists? Whatever the reason I don't see the logic behind it, not as we sit here today.
Yes. They are in a different position today. They are broke. They are out of cash and have relied on private placements and toxic financing to pay the bills. The red ink is expanding.
Another difference is that their press releases no longer have any effect on their share price. Can this be good? Or is it a testimony against their credibility?
A third difference: the share price. It has been falling for a year now and its heading lower. All those warrants they issued are coming back to haunt. Any move upward gets squashed by creditors cashing in warrants and options.
And finally, they are moving into territories where they have no patent protection. ITKG has no granted patents in Korea, Japan or China. So, even in the very improbable case something works in Asia, anyone will be able to copy it.
Oh my. Half a million in Legal and Accounting last year. Not to mention all those marketing experts at ipCapital. Haven`t heard much from that IP Advisory board since they set it up a year and a half ago.
And now there may be patent issues? Whose running this train?
Three things.
One, you all can type in an anonymous name - that would help responding to specific posts and would still protect anonymity. See, i'm calling myself Turbo in this post. Ha!
Two, I agree with the poster on Jan. 9. Still not sure why all the motivation to continue to berate the company so emphatically. I have also been a shareholder for almost 10 years and am highly frustrated. I want a return on my investment and am sick and tired of the silence, half-informative pr's, and lack of results. That being said, it achieves nothing for me to get on a soap box and put down a company i have invested financially in. Negativity can be a self fulfilling prophecy. IF you are an investor in this company, i'm not sure why you would continually attack and disparage. I understand constructive criticism and complaining, but from the outside looking in - why in the world would someone invest in a company if it's own shareholders bash their own company they want to succeed?? Am i pissed? Absolutely. Am i going to proclaim to the world that this company is a hopeless sinking ship? ...not too smart. The only logical thing i can conclude is that you are an outsider with an agenda to deride this company for whatever reason... so be it. it's a public forum.
And three. Honestly, trying to put aside bias as best you can. Can anyone tell me where this new Tech Center is physically located in Detroit? I'd like to see it with my own eyes.
Frustrated, but not without hope (or i'd have cashed out long ago),
Turbo.
Turbo, well put. I honestly think some investors feel they can bash this company into the ground, providing an opportunity for them to pick up undervalued shares, which currently seems to be the case. Some like to believe their words carry more weight than they really do...
Given the steep increase in price that occurred roughly 7 months ago, I would not want to be caught on the wrong side of the fence when the news comes.
Agreed Turbo. Throwing out snide comments pro or con is just juvenile. But distinguishing the tangible results and facts from the plans, speculation and hopes and dreams is part and parcel of being a publicly traded company - you get put under the microscope.
Also, "positivity" isn't a self-fulfilling prophecy, either. You cannot hope a company to success, even though many here seem to think you can. Eventually, there must be some financial results. After 12 years have gone by and $40M in shareholder value destroyed, there have been no financial results. Just more vague announcements about opening a Tech Center that no one can place on a map.
Why should anyone want to invest in a company that behaves like hat?
Riches, my friend.
I like this!! "To be fair though - this represents a change-up from the past. If this is a new normal, then -despite my desire and need for additional clairity- I like it."
From 7 years ago, by you: "Although the comparison is a bit of a stretch, I look forward to the day when ElectriPlast, like Apple, also becomes iconic."
Some things never change. ITKG fails and PK keeps pumping!! Iconic, in your DREAMS
EP is way past iconic, my friend. It is disruptive.
Anyone ever find an address for this vaunted "Tech Center"?
Or is it yet another bit of hyperbole from the "emerging leader" in conductive plastics?
The situation must be desperate for them to issue PRs that are little more than unverifiable rumors. At least there used to be a modicum of truth behind their announcements.
Chapter 11, here we come.
Maybe you ought to spend some of your valuable time doing some DD, friend. Try getting up to speed, instead of shooting your mouth off showing us your ignorance.
Not sounding too smart yourself there, friend. I suppose you have done lots of DD and have all the answers. But, of course, you're not sharing. You're too cool and sophisticated. Wouldn't waste your valuable time.
Right.
If you've got some DD that disproves what is said here - now's the time to pony up. Put a stop to all these folks shooting off their mouths.
Before the lights go out.
always glad to help a friend. https://twitter.com/itkginfo/status/422018298901835776
oh, and the light bill's been paid, jack.
Never thought I would see the day but I'm sensing a few potential "turnarounds" on the yahoo message board. At the very least an opening of minds to the possibility that we could see commercialization this year. Hopefully we are given additional reasons to see this trend continue. For the holdout that will never open his mind (Soon) I was not including you in the "turnarounds" so no need to respond.
Take it easy on that poor soul, friend. FYI, he's battling (DID), (MPD), and (BDDS) simultaneously. A little compassion, please.
(DID) = Dissociative identity disorder
(MPD) = Multiple Personality Disorder
(BDDS) = Basherboy Dwarf Depression Syndrome.
The petty personal attacks only serve to prove to me that my questioning the unsupported claims by the company and numerous anonymous message board posters is a worthy cause.
How dare I choose to look behind the Electriplast curtain when all the kool-ade is so free. Ha, ha, ha.
A textbook BDDS Basherboy Dwarf Depression Syndrome response. Typically subjects afflicted with this degenerative disease have "lost their ass", i.e. they are bagholders from some "proposition gone bad" or risky gamble they took in a previous time frame. Their financial destruction "soon" mutates into a self-destructive despair; a foreboding angst that rottens them from within, overwhelming the depressed subjects sense of legitimate perspective. It is not unusual for the afflicted "basherboy" to attempt to deflect their accompanying paranoia with boastful statements, such as "I sold at $6.80", or "I'm an engineer", or "I can't discuss that because of my Lifetime Security Operative Pledge". The most extreme cases may even evolve into daily revengeful retributions against their mistakenly perceived nemisis, the source of their ruination and torment... in this particular case, the company (ITKG) and its supporters. Although there have been instances of "stage four chronic BDDS preoccupation" that have lasted a decade or more, they are rare. Most often Basherboy Dwarf Depression Syndrome (BDDS'ers) disappear before that, typically as a result of death, most often due to rottening within ( "empty sack collapse" ) or self-inflicted injury. Regardless of how their miserable existences terminate, one thing is certain. They will, without fail, always attempt to justify their actions as "worthy", every step of the way. Hope this helps the readership better understand some of the phenomena being witnessed here. Always glad to help a friend.
"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."
Your petty personal attacks aside, this is my license to question unsupported claims.
I prefer to catagorize my measured observations of your decade long basherboy slanders under the above heading "Shareholder Impressions".
Or....how about a shareholders impression of managements game plan.
Last quarter, the accumulated deficit rose by $1.3 million. A million of that went directly to consultants and legal.
At the same time, the shares outstanding grew by 8.7 million. Could they have been sold to cover that huge debt increase? If they were sold at market value they should have netted something like $2.6 million. Didn`t show up on the cash statement.
By the way, did I mention that during the same time period the shareholders of record saw their holdings drop in value by another 14%? (and nearly another 50% since then).
So now they think it`s a great time to open up, equip, and staff, a Tech Center. For all the customers they don`t have. Customers that in 12 long years have walked away from this replacement technology and every single one of it`s 50+ application patents.
Hey, it`s free money. No one is holding them accountable ....and they still have 70,000 more authorized shares waiting to be spent.
So what's your point?
Since when have "impressions" been required to have a point?
Thanks to the Jan 16 poster for the new Tech Center address and phone#!
Dial it up. You get Otis Spunkmeyer cookies!!!
Google map it and, sure enough, Otis Spunkmeyer is emblazoned on 7546 Baron Drive.
Now that's the kind of DD folks are using to make "investment" decisions around here. It explains a lot. But on the positive side: this could make ITKG the "emerging leader in conductive baked goods..."
You're welcome. I'm told ITKG's CEO has been there twice. The address is accurate, regardless of what the old tenant's signage reads, if any exists. Google Earth does show the sign you refer to. Problem could be that Google's imagery says the pictures you're looking at were taken in July 2011. Funny, huh?
I had wondered why Herb wasn't in the Korea picture? Wouldn't you think the CEO would have been there? Come to think of it, Herb hasn't been quoted publicly in almost six months? Looks like he was being pushed out quite some time ago.
Maybe he wasn't pushed out but saw how little was behind the curtain of secrecy at ITKG. It is a huge concern when a CEO jumps. If we are on the verge of something big, why leave now? With profitability right around the corner? It doesn't make sense. I wonder what he saw that we can't...
I suspect that all the trading volume in the last week was the company, or one of its principles, picking up his shares. There were no underlying material changes to justify that amount of volume. And there's no way ITKG could just push a whale like Reedman out of the way. He was bought off.
"It is great to see our business vision for ElectriPlast taking shape", said Herbert Reedman. "These partnerships offer new opportunities and we are now well positioned to execute on these strategies. I can think of no better person to lead these efforts than James Eagan. I look forward to continuing my involvement with the company as an advisor to the Board"
"continuing my involvement". I`m beting a paycheck comes with that involvement. He didn`t go anywhere, he just changed jobs. Ha, you need only look as far as the last 10Q to see the real money is in consulting....and zero liability comes with it.
The real gain to everyone involved in this will be in the shares they hold and have coming to them. Bathauer is correcting wasteful expense and everything else within his power that is not giving good return. He hasn't said he's finished yet.
His moves look good to me. I'm surprised you aren't applauding what he's done.
Must have slipped past me.... What exactly is it that he`s done to correct wasteful expense?? Some numbers would be great.
Old Wayward Willy Robinson... Long Gone $$$$ Saved. 220k a year + 1500 monthly car allowance
Most of his stupid expenditures... Long Gone; stopped them leaks. Lord only knows how much?
Vancouver... worthless expense. Long Gone $$$$ Saved. Long way from Motor City.
Mr. Leu... Long Gone $$$$ Saved. Webmaster's is a dime a dozen. 14k monthly
Herbert..... Long Gone $$$$ Saved. He didn't need the money anyway. Go Penn State. 14k Monthly
The Philly high rent office space... Long Gone $$$$ Saved. Who needs ya? ?k/monthly
All the Philly personnel too..... Long Gone $$$$ Saved. Money for nothin. 12k monthly
Funny, the numbers they reported to the SEC don`t support that.
9-30-2012, Robinson`s last qtr, vs 9-30-2013, the last qtr reported only show a reduction of $5,600 in expenses. Pocket change for a company that averages $400,000 a month in expenses.
Herb remains to be seen...he thinks he`s still involved. The Philly office and personnel??? Might have to wait til May to get a look a those numbers. And hey, May just might also provide some of the new Tech Center numbers too.
Nice spin, but a little short on actual content.
Itemized and solid.... take it to the bank.
And the cow jumped over the moon....
I guess it all boils down to what you want to believe:
Documents filed with the SEC and regulated by law
OR
vague "due diligence" by nameless posters telling you its "itemized and solid"...
There's one born every minute.
Your post doesn't look vague to me. Should have been done long ago.
Old Wayward Willy Robinson... Long Gone $$$$ Saved. 220k a year + 1500 monthly car allowance
Most of his stupid expenditures... Long Gone; stopped them leaks. Lord only knows how much?
Vancouver... worthless expense. Long Gone $$$$ Saved. Long way from Motor City.
Mr. Leu... Long Gone $$$$ Saved. Webmaster's is a dime a dozen. 14k monthly
Herbert..... Long Gone $$$$ Saved. He didn't need the money anyway. Go Penn State. 14k Monthly
The Philly high rent office space... Long Gone $$$$ Saved. Who needs ya? ?k/monthly
All the Philly personnel too..... Long Gone $$$$ Saved. Money for nothin. 12k monthly
If its good enough for you, then step up to the trough and start buying. We need shareholders like you: not too concerned about the facts and with a taste for our Kool Ade. Cash is short, creditors are at the door and the lawyers and consultants want their money (paying them in shares isn't working out so good anymore).
Don't worry about revenue. We've got a new strategy: saving our way to profitability! (soon)
You don't have a leg to stand on. The cost savings are real and quantifiable. When you can't refute black and white numbers, you resort to bs comments and innuendo... about all you have at your disposal.
Stopping continued and future drain from expenditures deemed unworthy is in the best interest of everyone involved, except the undeserving recepients that are no longer receiving the money and the bashers who appear to be cheerleading for the company's demise.
I recall you saying seven years ago that ITKG wouldn't be able to keep the lights on another month. That's how much you know.
Commercialization and revenue generation is the ultimate common goal of ITKG and our three multi-national partners. They are on it. And I'm liking where we are now a heck of alot better than where we were seven years ago.
You have proven your own point. Is this what you are calling "black and white numbers"?
"Old Wayward Willy Robinson... Long Gone $$$$ Saved. 220k a year + 1500 monthly car allowance
Most of his stupid expenditures... Long Gone; stopped them leaks. Lord only knows how much"
Looks like "comments and innuendo" to me. Got any references to an SEC document?
On second thought, don't look. Its ugly. It will spoil your rosy delusions of reality.
Instead, listen to anonymous posters. Better yet, listen to what ITKG tells you about BASF, Hanwha and the like. Funny, how these big boys can't speak for themselves, isn't it? They've got a lock on a "disruptive" technology from the "emerging market leader". Yet not a peep on any of their websites.
Hmmm.
Off the Electriplast website:
http://www.electriplast.com/contact/
Address & Contact Info
ElectriPlast Tech Center:
7546 Baron Drive
Suite 205
Canton, Michigan 48187
Toll Free: (800) 524-6310
Local: (734) 354-6683
Email: info@electriplast.com
Please enter as much information as you feel comfortable with so that we can supply the most relevant answers in the fastest time. If your inquiry is of a sensitive nature, or you would simply prefer to discuss it in person, please enter your basic contact information and we will contact you as soon as possible...
Ugly is a four letter word.
Gonemfkr is two four letter words put together.
Ahh. I see the problem. You can only do 2nd grade math: 4 + 4 = 8.
If your math skills were a little better, you could work with the volume resistivity numbers in the Electriplast data sheets. And then you could calculate that for a given copper part, it will take 100-1000 times more Electriplast to conduct the same amount of electricity.
Of course, 2nd grade math skills are jut fine for tracking Electriplast sales figues.
We ain't talk'n tea kettles here einstein. How's your figures on emi shielding, as they pertain to say... a... aluminum?
Aw, lets talk about tea kettles. But wait....does that mean I have to learn how they work just to invest in companies that make them? No, I just need to know who sells them. Who`s making the most profit. Profit comes from revenue. Revenue comes from customers.
Electriplast has no customers. Electriplast has no revenue.
I haven`t even asked you what time it is, so please, quit trying to tell me how to build a watch.
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