ITKG .HUGE NEWS!!!
ElectriPlast Secures Order for Two Million Vehicles
EVANSVILLE, Ind., June 26, 2017 /PRNewswire/ -- Integral Technologies, Inc. (OTC-PK: ITKG) ("Integral"
, and its wholly owned subsidiary ElectriPlast Corporation, announced today they have been chosen by a Global Tier 1 to supply its conductive plastic for an EMI shielding application in an automotive optical sensing system. The ElectriPlast part will be going into approximately two million vehicles in a 2018 global automotive platform for a major United States auto manufacturer.
"The EMI shielding requirement for this application was a late change and we were brought in to assist the Tier 1 engineers develop a shielding solution for the optical sensing system," stated Slobodan Pavlovic, ElectriPlast's Vice President of Engineering. Typically, Tier 1's select vendors years in advance of a project, but because of the new requirement, we were given an opportunity late in the development process to provide engineering and design services. We provided a cost saving technical solution with the customer's existing tooling without program timing delays, which is key since this is a 2018 global program."
"This is monumental for us. We have always known ElectriPlast was going to reach the point of widespread market acceptance," stated Doug Bathauer, Integral's CEO. "So far in 2017, we have received orders from Europe, Asia and the United States. These automotive orders we've received this year, validates our many years of dogged persistence. It is rewarding to see ElectriPlast now being included in large scale programs in multiple auto maker's vehicles." Production is expected to begin in late 2017 and the program is expected to run for five years.
About Integral Technologies, Inc.
Integral Technologies Inc. (OTC-PK: ITKG) and wholly owned subsidiary ElectriPlast Corp, engage in the development, and commercialization of electrically conductive plastics used in the production of industrial, commercial and consumer products. Its core material, ElectriPlast®, is a non-corrosive, electrically conductive resin-based material that can be molded into the shapes and sizes associated with plastics, rubbers and other polymers and providing weight savings of 40 to 60% versus metals. Integral is a leader in conductive plastics with a broad IP portfolio referencing its ElectriPlast technology. Applications for ElectriPlast include: Shielding, Wire, Power Electronics, Connectors, Cables, Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, LED, and Bus bars.
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, 2016 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
Contacts: ElectriPlast Inquiries: info@electriplast.com
Corporate/Investor Inquiries: itkginquiry@itkg.net
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/electriplast-secures-order-for-two-million-vehicles-300479581.html
SOURCE Integral Technologies, Inc.
$ITKG
ElectriPlast Secures Order for Two Million Vehicles
EVANSVILLE, Ind., June 26, 2017 /PRNewswire/ -- Integral Technologies, Inc. (OTC-PK: ITKG) ("Integral"
, and its wholly owned subsidiary ElectriPlast Corporation, announced today they have been chosen by a Global Tier 1 to supply its conductive plastic for an EMI shielding application in an automotive optical sensing system. The ElectriPlast part will be going into approximately two million vehicles in a 2018 global automotive platform for a major United States auto manufacturer. "The EMI shielding requirement for this application was a late change and we were brought in to assist the Tier 1 engineers develop a shielding solution for the optical sensing system," stated Slobodan Pavlovic, ElectriPlast's Vice President of Engineering. Typically, Tier 1's select vendors years in advance of a project, but because of the new requirement, we were given an opportunity late in the development process to provide engineering and design services. We provided a cost saving technical solution with the customer's existing tooling without program timing delays, which is key since this is a 2018 global program."
"This is monumental for us. We have always known ElectriPlast was going to reach the point of widespread market acceptance," stated Doug Bathauer, Integral's CEO. "So far in 2017, we have received orders from Europe, Asia and the United States. These automotive orders we've received this year, validates our many years of dogged persistence. It is rewarding to see ElectriPlast now being included in large scale programs in multiple auto maker's vehicles." Production is expected to begin in late 2017 and the program is expected to run for five years.
About Integral Technologies, Inc.
Integral Technologies Inc. (OTC-PK: ITKG) and wholly owned subsidiary ElectriPlast Corp, engage in the development, and commercialization of electrically conductive plastics used in the production of industrial, commercial and consumer products. Its core material, ElectriPlast®, is a non-corrosive, electrically conductive resin-based material that can be molded into the shapes and sizes associated with plastics, rubbers and other polymers and providing weight savings of 40 to 60% versus metals. Integral is a leader in conductive plastics with a broad IP portfolio referencing its ElectriPlast technology. Applications for ElectriPlast include: Shielding, Wire, Power Electronics, Connectors, Cables, Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, LED, and Bus bars.
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, 2016 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
Contacts: ElectriPlast Inquiries: info@electriplast.com
Corporate/Investor Inquiries: itkginquiry@itkg.net
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/electriplast-secures-order-for-two-million-vehicles-300479581.html
SOURCE Integral Technologies, Inc.
$ITKG
