Integral Technologies Inc. (fka ITKG)

[zdog]

Maybe they will explain why the last 10q is from March of 2017. Kinda old financial information. Hard to believe a company that doesn’t file their financial reports is anything but a scam.

[zdog]

Maybe they will update us on the monthly newsletter.

[sumo tsunami]

Looks like we have a conference call coming up.

They have the details over on the conductive blog.
https://ir.electriplast.com/conductive

[Sputnik]

Yes indeed! I believe that is the reason for halting all quarterly and annual SEC filings!

[tolduso]

Looks like zero volume...the owners of ITKG are simply ripping people off.

They have absolutely NOTHING to offer the markets or investors.

[Sputnik]

Crickets, just the sound of crickets!

"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.

[tolduso]

Maybe we should ask, "What never happened to ITKG?"

[Sputnik]

What the heck happened to Chang Rim? Another one bites the dust.

"We have been working closely with Chang Rim on the material formulation to optimize performance and reduce cost," stated Doug Bathauer, Integral's CEO. "We are at work with our Korean manufacturer, Hanwha Advanced Materials ("Hanwha"), to ensure that we have the local manufacturing capacity in place to support Chang Rim's anticipated demand for their automotive and mobile device projects." Chang Rim's yearly demand is expected to be 50 tons for the mobile device application.

[Sputnik]

Don’t think your statement is supported by the news! Complet is the winner!

Through its Complet® product lines and design capabilities, the company serves global customers in a wide-range of demanding applications, including medical devices, robots and drones, marine, and outdoor high performance equipment. PlastiComp's 50 employees and its design and production facility in Winona, Minnesota join PolyOne as part of the Specialty Engineered Materials segment.

[sumo tsunami]

The deal with PlastiComp and PolyOne is a win for ITKG.

In the agreement with PolyOne and ITKG PolyOne has to pay royalties for all long fiber sales. PlastiComp produces Long fiber products. Instant and growing royalty income stream for ITKG just occurred today. Huge win for this little company.
https://www.streetinsider.com/Corporate+News/PolyOne+%28POL%29+Acquires+PlastiComp/14260710.html

[Betababe]

YAWNNNNNN.....wake me up when they sell a pound of this hocus pocus stuff that nobody has ever even seen.

[sumo tsunami]

Integral CEO Doug Bathauer radio show interview.
https://thestockradio.com/mr-doug-bathauer-ceo-at-integral-technologies-inc-otc-itkg-3990.html

[EdgarAllanPoe]

No, ITKG is the best 5 cent stock in existence!

[Sputnik]

ITKG is a non-reporting Pink Sheet piece of junk!

[sumo tsunami]

PolyOne Has Big Plans For EMI/RFI Shielding Compounds.

http://www.themoldingblog.com/2018/05/10/polyone-has-big-plans-for-emi-rfi-shielding-compounds/

This is us folks! This stock should start to see a strong positive trend very soon with this kind of news.

[EdgarAllanPoe]

Dear Sputnik, I don't know who is more pig headed - me for not selling or you for not buying.

[Sputnik]

From a purely historical standpoint. Over the course of the last 20 years! Nothing has ever made it to Market. So I guess a timeframe you were looking at is it never happens. It won’t this time either.

[EdgarAllanPoe]

Yes, good article. I just wonder about the cycle lengths for any and all applications. The 2017 car part for a 2017 car was unusual. I wonder how long it takes to get a new-material part into non-auto applications.

[sumo tsunami]

Very good insight in this write up about ITKG.
https://www.plasticstoday.com/automotive-and-mobility/integral-technologies-partners-polyone-bring-electriplast-material-global-market/171252350458709

[themaude]

Was going to say the same thing. I would occasionally drive by after picking up dog food at WFC in B’ham. Never seemed like much was going on.

[Sputnik]

Just like the Bellingham lab! Identical, nothing changes! Even the music is the same!

[Betababe]

Every once in awhile I drive by the Canton location.
Always the same....no cars,no sign of anyone or anything going on.
No boxes or crates in the trash...Nothing.
So I go up to the door and knock...No answer. Just this song blaring on the sound system.

[Sputnik]

ITKG is under a STOP sign issued by OTC Markets due to delinquent SEC filings (multiple 10Qs and an all important 10K)! No public information.

Almost one year since last SEC filing. CAVEAT EMPTOR!

[rickybobby21]

To everyone who has been riding this train for so long the station is in sight GO $ITKG$ GLTA

[sumo tsunami]

More PolyOne activity.
This is very good news showing the PolyOne team is actively engaged. It is really happening, finally this company is on a track to profits.

Here is the latest post from the Company's blog "Conductive"
Go to the blog to see the photos of the meeting.


Recently several of the PolyOne Executive team leaders came to our Tech Center in Canton, MI for a multi day meeting/training/strategy session. There was much discussion and training regarding shielding applications.

We were very impressed with their level of commitment and how quickly they responded. There was an excellent chemistry between PolyOne and our engineering team. These were members from Sales, Marketing and Technology groups all represented.

PolyOne is planning more training sessions in the future for more of their domestic and international team leaders of the company.

https://ir.electriplast.com/conductive

[sumo tsunami]

From the company Conductive Blog.
It covers questions many of us have had concerning the PolyOne license agreement very well. This is very exciting to see, this is a great deal.
http://ir.electriplast.com/conductive

Answers to Recent Questions

We are not able to answer all questions in this format, but we will attempt to answer all that we can as thoroughly as we are able. Below are several of the questions we have received since the announcement of the PolyOne license agreement.


(Q)-Where do I find specific details of the PolyOne/Integral license agreement?
The agreement can be found in our 8k filing dated 2.26.2018. The following is a link to the agreement; https://ir.electriplast.com/all-sec-filings/content/0001437749-18-003319/0001437749-18-003319.pdf The entire agreement is included with exception to our current customers which is not available for public viewing due to privacy and competitive reasons. Also, the royalty is not available for public view, it is typically something that a licensee wishes to remain private.

(Q)-Did Integral receive any upfront money as part of the license agreement?
Yes. All financial terms can be found in the agreement. The payment terms can be found in the agreement in Article 6.1 and Schedule 6.1
Article 6.1 reads as follows:
6.1 Upfront Fee. PolyOne shall pay to Integral, no later than ten (10) business days after full execution of this Agreement, an upfront fee as specified on Schedule 6.1 by wire transfer to a bank account to be designated in writing by Integral (“Upfront Fee”). The Upfront Fee is not refundable and is in addition to any Royalty Fees.
Schedule 6.1 reads as follows:
Schedule 6.1 “Upfront Fee” The Upfront Fee shall be One Million United States Dollars ($1,000,000 USD).

(Q)-Why did Integral license to PolyOne?
We have long sought a global partner capable of supporting and the expansion of our shielding business. This became more necessary after being awarded the two automotive programs last year. These programs and the potential expansion of those programs requires a tremendous amount of global infrastructure, resources and capacity. PolyOne has all those capabilities.

(Q)-How long until PolyOne is capable of supplying?
Immediately. One of the reasons for joining forces with PolyOne was because of their Long Fiber Technology(LFT) manufacturing capabilities. Prior to signing the agreement, the appropriate manufacturing, testing, etc. was completed.

(Q)-Did PolyOne license all of Integral’s IP?
No. The license was for shielding as defined in the agreement under Article 1.11.
Article 1.11 reads as follows:
1.11 “Field” means any application (a) intended for any market, and (b) in which the Licensed Material is used to provide shielding against electromagnetic interference (which includes but is not limited to radio frequency interference); which, for sake of clarity, excludes applications for bipolar plates for batteries.

(Q)-How many patents were included in the license?

10(ten)The patents that were licensed can be found in Schedule 1.23 of the agreement.

(Q)-What is not included?
All things that are not for shielding. For example, antennas, heated devices, fuses as well as our low conductive material used for electro static discharge(ESD)

(Q)-How is the royalty payment determined?
Details can be found in Article 6.2.1 and Article 1.20.
Article 6.2.1 reads as follows:
6.2.1 Royalty Percentage. PolyOne shall pay to Integral a percentage as set forth on Schedule 6.2 of the Net Sales of all Licensed Materials sold in the Field during the Term by PolyOne, any of PolyOne’s Affiliates, or any Other Sublicensees (collectively, the “Royalty Fees”).
Article 1.20 reads as follows:
1.20 “Net Sales” means (i) gross amount of invoiced sales less the sum of any (a) discounts actually applied in amounts customary in the trade which shall not exceed ten percent (10%) of the gross amount, (b) sales or use taxes directly resulting from the particular sales, (c) outbound transportation costs actually paid, and (d) amounts actually credited on returns, calculated in accordance with generally accepted accounting principles consistently applied in the United States based, or valued as if based on, bona fide arms’ length transactions and not on any bundled, loss-leading, or other blended or artificial selling or transfer price, or (ii) with respect to transactions or dispositions without consideration or with nominal consideration other than providing samples in the ordinary course of business, the average selling price at which products performing substantially similar functions, sold in similar quantities and similar locations, are then currently being offered for sale by other manufacturers.

(Q)-How does this effect our battery technology?
The agreement does not involve the battery technology.
Specifically stated in Article 1.11. Article 1.11 reads as follows:
1.11 “Field” means any application (a) intended for any market, and (b) in which the Licensed Material is used to provide shielding against electromagnetic interference (which includes but is not limited to radio frequency interference); which, for sake of clarity, excludes applications for bipolar plates for batteries.

(Q)-What happens to the recent automotive orders?
We will work in conjunction with PolyOne with these customers to support them and the expansion of the existing business. This process is already in process. This is addressed in Article 4.2. Article 4.2 reads:
4.2 Referral to PolyOne. Promptly after the Effective Date, Integral shall inform all Existing Purchasers that PolyOne is authorized by Integral to manufacture and supply Licensed Materials for use in the Field, and, during the Term, Integral shall refer solely and exclusively to PolyOne all orders, requests, or other inquiries from any Existing Purchasers concerning Licensed Materials for use in the Field (“Referred Business”). During the Term, PolyOne shall use commercially reasonable efforts to address the Referred Business.

(Q)-Is Integral ever going to file financials again?
Yes. It has certainly taken much longer than anticipated but we are working towards becoming current with our SEC filings.

(Q)-When is the next conference call?
We plan on scheduling a call at some point after the filing of our financials.

[JStefano1]

Conductive Magazine post from the Electriplast web site:

https://ir.electriplast.com/conductive

PolyOne; Expanding ElectriPlast's Gateway to the World

Feb 26 2018
This agreement with PolyOne is a milestone for Integral. This expands ElectriPlast's opportunities on a global scale and to markets that on our own, we may never have been able to penetrate. Integral's recent commercialization success in the automotive industry, its IP portfolio and applications expertise made this relationship a reality. PolyOne currently has the manufacturing capability to produce conductive long fiber technology (LFT) and will be able to scale their production to meet the growing demand from our automotive Tier 1 customers in addition to PolyOne's global customer base.

The license is an exclusive agreement for worldwide marketing, sales, manufacturing, and distribution, excluding the territory granted to Hanwha.

This agreement does not include our battery technology, which we retain 100% and are working to commercialize.

Having a world class polymer company, with the reputation and global reach of PolyOne, selling our shielding products to the world, truly validates our technology. PolyOne is constantly innovating and as an industry leader, draws significant media attention. When they make advances, and gain recognition using our technology, we share that spotlight.

PolyOne specializes in plastics. Compared with other potential partners, PolyOne is singularly focused on plastics and plastics solutions in the markets that we want to reach. Their revenues in the billions derived from plastics, rival any of their peers

Our Intellectual Property (IP) that we have so painstakingly developed over these many years, our engineering team's know-how to use the IP, and our recent commercial success in automotive makes us an attractive partner. Tremendous opportunity exists in EMI shielding for automotive due to the continuing electrification of transportation and the rapidly (sic) development of the autonomous vehicles. With their own solid engineering team, PolyOne is constantly innovating and our technology is a part of their solution. Their current reach is to penetrate:

Automotive lightweighting
Medical applications
Thermally conductive applications
And now, with the addition of ElectriPlast shielding applications we have developed, we offer PolyOne the ability to reach out to their existing customers, and to new markets with our material.

With a global workforce of 6,500 people and 35,000 polymer solutions available to their 10,000 customers, PolyOne is a leader in their field. With an already substantial sales force, in a recent press release PolyOne stated that they increased their global sales force by 20%. With PolyOne's massive production capabilities and facilities, and expertise in logistics to get the material to their customers in North America, South America, Asia Pacific and Europe, they are the right strategic fit for Integral. And they are beginning production facilities in India, one of the fastest growing markets in electric vehicles and a rapidly growing economy. It would have taken Integral many years and an incredible amount of capital to develop an infrastructure needed to attract and service these international customers. The PolyOne partnership "short circuits" that process and enables us to have access to that customer base immediately and without the capital costs.

PolyOne is a fully integrated plastics company with their own Long Fiber Technology(LFT) manufacturing, they perform their own formulating, manufacturing, and quality control. They have advanced testing facilities and conduct their own testing in-house at their campuses. When they develop new ideas, they can execute from development to implementation as it relates to the formulation of new polymers. With the new relationship with Integral, they now have the ability to access our engineers for new applications, which they presently do not have.

PolyOne is a leader in the plastics industry, but their expertise goes beyond just plastics. They assist companies / industries in optimizing the supply chain, and work with industry in meeting new product development demands, and provide manufacturing support. They are making significant inroads into the following areas for use of their advanced plastics:

Appliances
Building/Construction
Consumer Products
Electrical/Electronics
Healthcare
Marine
Packaging
Sporting Equipment/Hunting
Textiles
Transportation
Wire/Cable
And now shielding plastics and automotive apps with inclusion of ElectriPlast
PolyOne actively participates in Plastic Shows and Conferences worldwide, and we are looking forward to the exposure from these worldwide forums provided by another tool in the PolyOne marketing arsenal.

PolyOne is constantly growing. They have been actively acquiring companies to improve their market position. They recently acquired companies in the areas of color additives and 3D printing, which could have a side benefit to the ElectriPlast technology.

We are excited to have the opportunity to contribute to PolyOne's growth.

What's Next for Integral?

Integral will continue to develop in accordance with our business model:

Expand our technology and IP portfolio in conductive plastics area, which are not a part of our PolyOne deal;
Enter into strategic partnerships in other areas of our portfolio that enable us to monetize our IP with long-term returns;
Explore value-added products/services that enhance our technology, including design and prototyping of new products with PolyOne or their customers.
What's next:

Work with PolyOne in preparing for our customers' major product launches this year:
North American Tier 1 for European Electric Luxury SUV
2 million vehicle global automotive platform
Expand business together by leveraging each company's strengths;
More opportunity to monetize outside of the PolyOne relationship; low conductive, highly conductive and battery technologies.

[sumo tsunami]

Thanks and well said in your post also. The stock price will follow and should trend up as this company will be making money now...big money.

[EdgarAllanPoe]

Well said - that is what I was getting at.

[sumo tsunami]

Yesterday PolyOne released an official press release on the agreement with Integral. This is very significant for both companies. This shows big industry has finally recognized Electriplast is an excellent solution to the needs of light weighting and shielding in various applications yet one more time (remember the automotive deal last summer). The testing and bean counters at PolyOne had to have spent plenty of time ensuring this would be a win for them before even talking to Integral. PolyOne is a major player in its industry and we all know the struggles Integral has had getting Electriplast fully noticed across many industries. ITKG is not the same company it was last week, the direction for this ship has change for the better and I am happy to be on board.
http://www.polyone.com/news/polyone-expands-automotive-engineered-polymer-portfolio-electriplast-conductive-long-fiber

[EdgarAllanPoe]

Only good news here. I am speculating a bit, but what I think the net effect of what is happening is that this partnership just put way more hands on the electriplast deck, metaphorically speaking. One of Integral's problems has been the lack of money and manpower to pursue various strands of product implementation. Again, I am only speaking from bits of information gathered along the way, but I think that it would be safe to assume that the responsibllty for a certain amount of electriplast applications will be taken over by the partnership. So, the net effect is that Integral Technologies can get other business done while the partnership develops whatever is included in the agreement.

This is good news. This agreement indicates that Integral is on the ascent - the present share price notwithstanding.

[Betababe]

There is so much FAKE NEWS these days. #P&D

[rickybobby21]

EVANSVILLE, Ind., Feb. 26, 2018 /PRNewswire/ -- Integral Technologies Inc. (OTC-PK: ITKG) today announced it has partnered with PolyOne Corp. to commercialize its patented, long fiber conductive ElectriPlast(R) material for electromagnetic and radio-frequency (EMI/RFI) shielding applications. ElectriPlast Corp. is a leading technology innovator in conductive plastics with a broad intellectual property portfolio and deep application development expertise.

Through an exclusive, ten-year license agreement, ElectriPlast(R) technology will serve as a complement to PolyOne's existing specialty engineered materials portfolio, providing superior shielding for advanced driver assist systems (ADAS), including housings, connectors, and internal components for cameras, sensors, and electronic control units. As the automotive industry races to incorporate more ADAS technologies, the need for EMI/RFI shielding to eliminate cross talk has grown exponentially, because shielding is essential to the systems' operation.

[Sputnik]

OTC Markets has awarded ITKG with a STOP Sign due to delinquent SEC filings!!

[color=red]Warning! [/color=red]This company may not be making material information publicly available
Buying or selling this security on the basis of material nonpublic material information is prohibited under Section 10(b) of the Securities Exchange Act of 1934 and Rules 10b-5 and 10b5-1 thereunder. Violators may be subject to civil and criminal penalties.

[Sputnik]

How much revenue has been generated due to all of these orders? It is anyone’s guess since ITKG has stopped filing with the SEC.

"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

[nuage]

It's up on the company page as well. Good news

[EdgarAllanPoe]

By the way - thanks for posting the article. I am really busy these days, so I would not have found the article on my own.

[EdgarAllanPoe]

There were three kinds of investors today - Wednesday. Ones like me: I must admit that I got out the calculator to see how much I had made/recovered at 7 cents - but I did not sell. Ones who bought at 7 cents and are now having unhappy thoughts. And those who dumped 600,000 shares near the close, taking some profit. On the face of it, the third type are the winners today, but I am sticking to my long position. The first and second types of investors will be happy if one day there is a real spike, and today's sellers may well buy in again. All in all, an interesting day on the market.

[EdgarAllanPoe]

Well, someone just made some money. Not me, however. I am going to write a book some day on how not to invest.

[EdgarAllanPoe]

It could just be a blip because it doesn't take much money to move a 5 cent stock. If Apple suddenly went up 50%, there would be something to talk about. Or it could be a bit of an elastic response based on the difference between the current price based on the market's perception of ITKG and the actual state of affairs. If there is a gap, some stimulus like the article posted yesterday could stimulate some buying. The market makers read articles, too. So they may play with the price.

I would not take a small move too seriously. I am not anyway. I will take the penny, however. Like it says in the Scotia Bank ad in Canada - you are richer than you think. The potential of electriplast is mind boggling. But the market perception of Integral Technologies needs some repair. It is taking too long time get electriplast into marketable parts.

But to be fair to Integral Technologies, most investors, including me, probably do not understand the complexities of getting electriplast to market. Also, it may be that the actual market conditions for such a product are just now developing.

I am speculating on ITKG -- that things are better than the long sideways 5-cents-slide would suggest. In the words, what I take seriously is the potential of electriplast and of the exponential possibilities of a 5 cent stock.

.

[JStefano1]

Is this a blip or a real move? Is there news that has leaked out? Bid .061 Ask .075. Stock up 53% at 11:10 AM CST.

[nuage]

http://exclusive.multibriefs.com/content/demanding-ee-developments-from-ces-2018/engineering

[Betababe]

Nah these clowns arent going to give up their meal ticket until the SEC shuts it down and people go to jail.

[EdgarAllanPoe]

Really! I guess this is the end. Let's get our shovels out so we can bury this thing. I wrote an epitaph :

Here lies very dead and really broke ITKG

They claimed to have conductive electricity

I have never considered myself to be a poet, but I think I have potential. I will need a second job now to cover my investment losses. Maybe I should write greeting cards.

[Sputnik]

Significant bad news on the ITKG horizon.

[Dennisb68]

This board has become very quiet.

[EdgarAllanPoe]

Happy New Year to you too, Sir Sputnik. My day is not that exciting either.

[Sputnik]

Sometimes it is amusing to review previous ITKG New Year’s predictions (self proclaimed expert) !

Obviously you missed the CC whereby it was stated the fully diluted count will NOT change. Say, what did the T/A tell you about the fully diluted count ? Oops !! As far as any monies raised while warrants expire worthless, you do realize that insiders are the ones participating. Result ? You'll be paying $1.00 for the stock soon enough. Come back to me when you have an argument worth listening to. And my goodness, come Jan. 1st when cash is rolling in left and right and the company's operations are self-sustaining. Will love to see your argument then. You hated the stock at .30 and you hated it at .40 and you hated it at .50 and you hated it at .60 ...... like I said before, if I could only see the look on your face at $1.00 ..... priceless. You're not dealing with some shady OTC CEO, but I guess you won't realize that until the stock's trading on Nasdaq ..... and it WILL be in 2015. Have a better day. [\quote]

[EdgarAllanPoe]

No, my dancing boots. I hope I have a good reason to use them sooner than later. I hope we all do.

[Betababe]

Hmmmm they still pumping electroplast? I thought this would be a cryptocurrency stock by now.