CANTON, Mich., Oct. 8, 2014 /PRNewswire/ -- Integral
Technologies, Inc. (ITKG) ("Integral"), an emerging
light-weighting leader and its wholly owned subsidiary ElectriPlast
Corp., announced today that its Asian molding partner Chang Rim Eng
Inc. ("Chang Rim") has successfully
completed its prototype phase for a motor casing for the automotive
industry. "This is a major milestone for us, as we have been
exploring the use of conductive plastics in Asia and this is the first opportunity we have
had to implement a product using the ElectriPlast technology. We
have tested and trial molded many different conductive plastics
from the US and Europe and found
ElectriPlast to be the most effective for our applications under
development," stated Won-Hyun Kwon, Chang
Rim's President. "We are in the process of providing a large
number of final test units to our customer and expect contract
award by end of this year." Chang
Rim has been closely involved with the development of the
motor casing shielding application, including material support,
molding trials, testing and validation efforts.
Chang Rim is a specialty molder
based in Daegu, South Korea
focusing on high margin plastic injection molded products for a
variety of industries in addition to automotive, including consumer
and industrial products. "We have been assisting Chang Rim to select the ideal ElectriPlast
compound of resin and fiber for their applications," stated
Mo Zeidan, ElectriPlast's CTO. "This
is a material advance in our cooperation with our regional
manufacturing partner Hanwha L&C."
About Integral Technologies, Inc.
(ITKG) ("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, 2014 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.
Contact:
Corporate/Media Inquiries/Investor Inquiries:
812-455-5767
itkginquiry@itkg.net
SOURCE Integral Technologies, Inc.