One of the Tier 1 automotive suppliers with whom Integral has been working has notified the Company that ElectriPlast™ has passed all testing for use in the 2012 model of a prestigious European automaker. The new blend of ElectriPlast™ tested has received Underwriters Laboratory approval, and satisfies all tensile strength and shielding requirements. At some frequencies it outperformed the aluminum part it’s replacing and will yield even greater weight reductions than prior blends. Once final approval is received, the 2012 model (to be introduced in Fall 2011) will carry ElectriPlast™ parts.
This same Tier 1 supplier has also advised the Company that it is currently funding research and development to include ElectriPlast™ in other potential applications for the automaker’s 2013 models.
A second Tier 1 automotive supplier also informed Integral that ElectriPlast™ has similarly passed all testing to date for inclusion into the 2013 model for another leading European automaker that begins production in Fall 2012.
The new blend successfully tested for the European automaker was the result of the continuing research and development by Integral’s laboratory to discover blends that further reduce ElectriPlast’s™ weight, while maintaining and improving its shielding capabilities. Working with ipCapital Group, Integral will continue to protect its Intellectual Property and maintain its IP leadership in the hybrid conductive plastics market by filing several more patents for such products. In this manner, Integral will extract further value and monetize Integral’s core ElectriPlast™ technology and future IP revolutionary applications. “Our IP gives us superior leverage in the rapid global commercialization of ElectriPlast,™” reports CEO William Robinson. “As with all blends, data sheets will soon be published.”
As has been explained previously, ElectriPlast™ is an energy-efficient, innovative, electrically conductive resin pellet that can be molded at low cost into virtually any shape or dimension associated with plastics, rubbers and other polymers. This translates into design flexibility for engineers, and enables faster development cycles that add to savings for manufacturers.
Equally important, ElectriPlast™ supports green technology by reducing the carbon footprint. Unlike metal, its manufacturing requires no secondary processing and uses conventional machinery. It is 40-60% lighter than the metals now used in electrical applications, which in the automotive field translates into enhanced energy efficiency. Integral estimates the weight savings produced by substituting ElectriPlast™ blends that meet or exceed all the shielding and strength requirements of certain metal auto parts to be 40 pounds per vehicle.
“ElectriPlast’s™ opportunities in the automotive industry alone are vast,” reports CEO William Robinson. “Automobile manufacturers produce 60 million vehicles annually worldwide. Just this past month, at the request of one of the largest Chinese auto parts companies, I traveled to China to demonstrate ElectriPlast’s™ electrical and shielding characteristics, weight savings and ease of manufacturing a finished part. The Chinese company is seeking to expand its parts division within China and is now engaged in due diligence with Integral.”
Integral Technologies
Integral Technologies, Inc. (www.electriplast.com) is the developer of an innovative electrically conductive resin-based material called “ElectriPlast™,” a highly conductive recipe that can be molded into virtually any shape or dimension associated with the range of plastics, rubbers and other polymers. Integral Technologies is an emerging leader in the development and application of next-generation conductive polymer materials. We currently have 52 issued US patents relating to the composition, manufacture and application of our ElectriPlast™ technology, and we continue to develop and protect new intellectual property. Our IP consists of ElectriPlast™ and multitudes of different applications pertinent to a wide variety of industries. No assurances can be given that all patent applications will be approved; however, to the extent that patents are not granted, we will continue to attempt to commercialize these technologies without the protection of patents. Various examples of industries where ElectriPlast™ can be used are antennas, shielding, lighting, circuitry, switch actuators, resistors, and medical devices, to name just a few. The company is currently introducing these new products and ElectriPlast™ technology on a global scale.
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, and (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, 2010 as filed with the Securities and Exchange Commission and available at www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements herein and are cautioned not to place undue reliance on such forward-looking statements, which are qualified in their entirety by this cautionary statement. The forward-looking statements speak only as of the date on which they are made and the company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities.
For more detailed information on the company and the technologies described above please visit our web site at www.electriplast.com or contact Shareholder Relations at 888-666-8833 or Doug Bathauer, at 812-455-5767 or email at info@electriplast.com. You can join the Integral Technologies mailing list by signing up at www.electriplast.com. To review the company’s filings with the SEC, please go to www.sec.gov.
Source : www.businesswire.com
