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Thank you zdog. I am optimistic. You and Sputnik were once. But I'm only giving mgmt this year. After that I'd need a good reason to wait longer.
Nick,
I believe you post your honest beliefs and opinion. You appear to be optimistic about this stock and I certainly accept that. There was a time I was too.
The main reason I even bother to post on this board is because other posters post untruths. Like, there is no dilution when the company sells stock, or BASF is selling the daylights out of Electriplast.
And a claimed bidding war for what? Another licensee....as described in the Nov. 8K? To Join the 6 existing licensee`s......that have produced nothing of significance year after year?
A fresh coat of lipstick at best.
Thin
Ad nauseam.....great description. Doug`s first letter to shareholders promised measurable results.
Three years later we find ourselves 4/5ths of the way between a $2.2 billion and a $3.4 billion dollar global conductive polymer market. And all these wonderous things Doug has done has gotten us what measurable part of that market?
A stock price that last week broke a 14 year record low. But my favorite measurable result is the common shares outstanding count. It took Robinson 7 years to move that number upwards by 18 million shares. In doug`s 3 years at the rein, he has moved that number upwards by 49 MILLION!! And it ain`t looking good going forward.
Keep drinking the kool-ade. I`ll be stopping in from time to time to share the real report card.
Thin
I'll try this again.
I've said my peace and I'm done going in circles.
There are two sides to every story. This company has both positives and negatives. Every company does.
Let me add to marsreds post.....the idea that NINE years worth of finding the best relationship has now evolved into joes purported BIDDING WAR between tier ones represents the epitome of shareholder misery......as is calling in to shareholder meetings to put these same ideas into the ceo's mouth...I would like to know what bit of evidence allows Joe to make this quantum leap forward......other than his own visions of grandeur...
CEO's Letter to the Shareholders
January 24, 2013
Dear Integral Shareholders,
As your CEO, my primary responsibility is to deliver shareholder value and to insure the worldwide success of our company; my secondary responsibility is to keep shareholders abreast of new developments, challenges and opportunities. These are roles that I am honored and humbled to have. Our team is constantly reminded of your enduring support, and I thank you for your patience, open-mindedness, and lasting commitment that has been, and will continue to be, essential to Integral's success in the months and years ahead.
My association with Integral began as a shareholder. I understand the many ups and downs associated with investing in a company that is launching an innovative technology. As with any new technology, business plans do not always follow the charted course and undoubtedly the road taken is longer than anticipated. As a result, my expectations and concerns mirror those of many other shareholders. Today, as I write to you as your newly-appointed CEO, I have heard many of your concerns and questions. "Do you guys know we're out here?" "Why doesn't the company tell us anything?" "What's this new management team up to?" "What is your plan?"
These are valid concerns and demonstrate our need to do a better job of communicating our vision, progress and direction. Your support, understanding and commitment to us have been, and will continue to be, essential to the success of Integral. To that end, I will focus on the future, not dwell on the past, by pledging to do a better job of keeping you informed - beginning now.
You already know that our foundation for growth consists of an extraordinary cutting-edge technology, a strong Intellectual Property portfolio, a seasoned sales organization and robust engineering capabilities, led by Mo Zeidan. Now we have added a focused, agile and determined board of directors that will enhance our ability to govern and guide our growing company, as it expands its commercialization; a dedicated and experienced ElectriPlast Corp. sales team, led by Herb Reedman; and a dynamic new management team, as a result of significant changes and appointments to key positions at your company. As a consequence of these changes, we are a smarter, more enthused, and a better-managed company.
But we recognize these things alone are not enough. We also need a clear, decisive strategy, focused on achieving rapid growth to commercialization and the realization of revenue. Key to our strategy is the leveraging of relationships.
Our business model includes collaborating with leading technology innovators to develop new product applications for ElectriPlast and to license our IP for its manufacture and commercialization across many industries. The more strategic relationships we are able to achieve, the more rapidly we can expand our global commercialization efforts, and by having multiple sources of revenue we will have a more sustainable and predictable revenue stream.
To this end, we will be announcing multiple joint development agreements, also now in the finalization process, with partners who recognize and want access to our superior technology and who have both the technical and engineering resources to aid in development of large volume applications, as well as the necessary distribution network once the application is commercialized. These partners are industry leaders in their fields that will provide us high profile exposure as well.
Our business model also includes developing multiple licensing and distribution opportunities to allow us to increase sales and revenues. This approach results in revenue generation that is three-pronged: (1) internally selling our proprietary ElectriPlast pellet, (2) selling through a 3rd party with already established distribution channels, and (3) licensing our technology on an upfront fee and royalty basis.
In this regard, we had anticipated finalizing the terms of the MOU with Hanwha L&C much earlier. The negotiations have taken longer than anticipated. We expect to finalize an agreement with them shortly, and we look forward to the prospects of partnering with a world-class global leader with a dominating brand in Asia.
Buoyed by our commercial success with our inclusion in the Fisker Karma, we continue to progress on internal sales efforts that reaches out to our potential customers who are beginning to recognize the advantages of ElectriPlast over competitive products.
I understand that the delivery of results is ultimately the measuring stick of any company, and 2013 is the year we will deliver results. You will see strategic relationships, further commercialization and a more transparent company, and you will see a driven, management team with a dedicated pursuit of shareholder value. We look ahead to the coming year with excitement and optimism, tempered only by the pragmatism that experience provides. With your sustained support, we will unceasingly endeavor towards turning innovation into convention, technology into profitability, and vision into reality. Our entire management team will work tirelessly to keep you informed, engaged, and proud to be an Integral shareholder.
Warm Regards,
Doug Bathauer
Chief Executive Officer
Integral Technologies Inc.
Call it what you like. We'll see. If I'm wrong I'll be here to accept that. I've already said this is a risky investment and this year is probably the final chance to make things happen.
The problem in the past is not important. The current problem (delay) was addressed by Doug. Again, one can either believe that or not.
The mess left behind has been discussed at nauseam. I don't need to or want to rehash it. Look at old posts her for a summary of changes since Doug became CEO. Here's one...
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=118365547
New...as in not old.
Thank you, Sputnik, for pointing out the difference between "startup" and "start over" .....and I would point out that integral has run out of time to be classified either way...
What mess was left behind?
"ITKG has to start over as a result." "Doug developed a business strategy." "That strategy has been executed so far".....see my earlier post.
The last step is finding the right partner(s).....there lies the greatest deception. Robinson spent 6 unsuccessful years, and Bathauer has unsuccessfully spent another 3 years. What`s the problem?
Thin
New? How preposterous. Every patent in their industry leading IP file was written by Aisenbrey years ago. Nothing new there. Every data sheet originally was published on Jasper forms, also years ago. Nothing new there.
As for the management...only the names are new, well, 3 years old new. The business plan and the company objectives:
-- To develop the first highly conductive plastic on the market along with a portfolio of its potential applications....Bill Robinson, January 2006. How has that changed?
-- To protect our intellectual property and our shareholders' value by creating and maintaining an extensive patent portfolio....Bill Robinson, January 2006. How has that changed?
-- To establish internal and external ElectriPlast(TM) manufacturing capabilities in anticipation of strong demand for our product....Bill Robinson, January 2006. How has that changed?
-- To initiate direct and partner-driven sales activities in a number of industries....Bill Robinson, January 2006. How has that changed?
-- Each electric, thermal or acoustic application of ElectriPlast(TM) that we have identified represents significant market potential in many industries, including automotive, aerospace, communications, electronics, military and medical devices, among many others....Bill Robinson, January 2006. How has that changed?
-- We have lined up several suppliers of raw material. We have enhanced our manufacturing know-how. Also, we have evaluated and are deeply engaged with several potential manufacturers that can produce ElectriPlast(TM) at high volumes....Bill Robinson, January 2006. How has that changed?
-- We are currently in discussions with several large industrial companies about licensing of our product to them or creating joint ventures with them to develop and sell the applications of ElectriPlast(TM) to their customers....Bill Robinson, January 2006. How has that changed?
-- While sales and marketing are becoming the key area of focus for us going forward, we realize that our most valuable asset is our technology. It is important that we maintain our leading industry position and continue to invest in innovation going forward....Bill Robinson, January 2006. How has that changed?
Thin
When you say new management team, who do mean?
I don't blame you Sputnik. It's been a long, frustrating road for you and others. But the brutal truth is, back then this was not a good investment. Just a new tech that had promise. But there's a lot more needed to be successful. A solid mgmt team is one of them. So in that regard this company is new.
Products don't sell themselves, especially when the potential buyers need to be educated on the product that would benefit them. Doug has turned this around. A fresh perspective is probably what many long, LONG time investors need.
I brought this up the other day...l have followed several companies like this over the past few years. Great tech or product but poor mgmt. One has turned it around and the other is about to do the same. I see ITKG turning things around as well.
It has had one change, in that it has produced a small amount of revenue.
I must take issue with you calling this a start up company. 20 years ago it was a start up company. And for the longest time it was designated for accounting purposes as a developmental stage company however all of proven to be it's a start over company. It starts over every 3 to 4 years. That's all that's been going on here for the last three years. Nothing has really changed.
We all know the answer to these questions. It has been discussed already. Why repeat them? Why continually being it up as if it has never been addressed before? Why, why, why?
Doug was hired.
Doug cleaned up the mess that was left behind.
ITKG has to start over as a result.
Doug developed a business strategy.
That strategy has been executed so far.
The last step is finding the right partner(s).
We are on the last step.
Sounds good to me.
Using this logic, all start-up companies must be fake or make believe.
No, that is not what I said. Read my post again please. And yes, this is a real start up company hopefully on the verge of meaningful revenue. Like I said, it's time for them to put up or shut up. I give them until the end of the year.
Very good point marred....and I would like to know if anybody on this message board (or anybody in this company) has ever seen a product made of electroplast .... Other than that broken toaster that's supposed to be some kind of battery ....the whole story here is bizarre ...years of talk and no tangible product...... I mean I'm flashing back to Sargent Schultz..."I see NOTHING"....
It's looking more and more like this company is trying to monetize "expertise".....if so they're going down in flames....well, they went down in flames years ago....I guess they got back up, sold a few million more shares, and sent the shareholders down in flames....
So what you're saying is those HUNDREDS OF RESEARCH PAPERS ON ECPs belong to integrals three engineers....REALLY ?.....more than likely those papers were researched and written by real engineers at real companies and colleges....and you can be damn sure that at least a few of those papers will circumvent integrals patents...which is why this is a penny stock.....end of debate....
The article he is referencing is dated Jan. 4, 2016. As you pointed out, it begs the question, if Robinson didn`t get any of that 2.2 BILLION market, who did? But what about 2013, 2014. and 2015 under Doug`s stewardship? Why are we 3/4`s of the way to that $3.4 BILLION market without anything to show for it?
There is nothing to show Electriplast has been changed or improved since Aisenbrey left. Can`t blame it on that. Capacity has been increased 10 fold...shoudn`t be a problem there. So what is the problem? A multi-billion $$$ market is out there.........waiting. And all the shareholder gets from this CEO and his $100,000 a month consultants is lip service.
Thin
No the debate is over. I repeat...
The global market for electrically conductive polymers was at $2.2 billion in 2012 and is forecast to grow to $3.4 billion by 2017 for a compound annual growth rate of 6.1 percent.
Inherently conductive polymers (ICPs), still considered an "emerging" market, are expected to grow to 23 percent of the electrically conductive polymers market by 2017 for a compound annual growth rate of 16.4 percent versus 5.9 percent for conductive filled plastics.
The ICP market is still small, but it is growing rapidly with hundreds of papers and patents on ICPs published each year.
As for not being able to provide the names of experts with other companies in the same arena as Integral...I'm not surprised. Because there are none. Hence the need to go thru Integral, as Doug mentioned.
But what about my other questions? See below once again...
What are these other experts working on specifically?
How does what that are doing compare to Integral?
Sorry Nick...the debate is still on....what you have showed us is an article demonstrating electrically conductive plastics researched by REAL companies with NO mention of integral tech....you think maybe after all these years an article of this nature might recognize integrals product ?....or is it irrelevant in the scope of all this research....and you keep asking for full names of engineers with expertise in conductive plastics ?....I mean are we running the human resources department at basf ?....am I supposed to know the full name of every engineer on that list of 1,600,000 search hits for " electrical conductive plastic ".,,..sorry but I'm not a private investigator.....just a rational human being who sees a company that survives on story lines and tsunamis that never happen outside the bathtub....too many years of nothing....
No problem. Here's an article that makes some very interesting and important statements. It will put an end to this debate...
Don Rosato - Monday, January 04, 2016
Growing electrically conductive polymer market trends
http://exclusive.multibriefs.com/content/growing-electrically-conductive-polymer-market-trends
The global market for electrically conductive polymers was at $2.2 billion in 2012 and is forecast to grow to $3.4 billion by 2017 for a compound annual growth rate of 6.1 percent.
Inherently conductive polymers (ICPs), still considered an "emerging" market, are expected to grow to 23 percent of the electrically conductive polymers market by 2017 for a compound annual growth rate of 16.4 percent versus 5.9 percent for conductive filled plastics.
The ICP market is still small, but it is growing rapidly with hundreds of papers and patents on ICPs published each year.
Hey, got a bit ahead of myself on that $2.6 Billion.....
Should have been $1.6 Billion. But hey, that was 6 years ago, could be $2.6 Billion by now.
"the conductive polymer market that has been projected by Business Communications to reach $1.6 billion by 2010."
Thin
Lots of structural metal components have been replaced with polymers since the CAFE standards began in 1975. Electrical components, not so much. The CAFE standards (Corporate Average Fuel Economy)are about fuel economy. Light weighting is but one way to help achieve those standards....and tiny electrical components weight savings are far from the weight savings results you would get from a polymer fender, hood, or bumper. And then we have life cycle. Electrical components, small that they are, tend to be necessarily functional as long as the vehicle is in operation. Hmmm, plastic versus metal functionality over long periods.....for a few pounds weight savings. Might be a tough sell. 14 years and counting....
Thin
They have 56 patents according to the amount I see on their website. More on the way. That is extensive. Everyone knows they haven't delivered yet. The company had poor management in place prior to Doug. No start up will survive with poor mgmt. A lot of things have changed within the company in the last few years. All are positive. A start up company is a risky investment. Don't be surprised that it hasn't happened yet. That is a very real possibility. But right now they are at a point in their existence that everyone is saying, "Put up or shut up." Now is the time. The industry is ready and so is the company. If it doesn't happen this year, then everyone can blast them. Until then, let's see what they do.
I would hardly elevate the cheerleading efforts of a few anonymous posters on an obscure message board to a conspiracy. This 14 year old replacement technology`s most significant competitor is not another competing technology....but the metal technology it is claimed to be a replacement for. Very simply, Integral has had a 14 year run at trying to convince it`s potential customers that it`s claims of cheaper and/or lighter carry a significant advantage. A significant enough advantage for them adopt this technology. It`s the customer and only the customer that will make that decision. All the blah, blah, blah`s about competing engineers and competing companies are only side dressing until the customer establishes a market.
We all know the joke about doing the same thing over and over, but expecting different results. What has been done in the last 3 years to change Electriplast that will make it more attractive to those potential customers? No new patents. No new data sheets. Lots of talk. Lots of wishful proclamations. Lots of lipstick.
Thin
Maybe this is easier. Below is part of what Integral is all about. Who else is doing this?
ITKG has patented conductive polymer technology that can be used to cost reduce and lighten a wide range of products by replacing metal parts.
The company sells conductive polymers used to replace metal parts in a number of applications. Its main product, ElectriPlast®, is a family of non-corrosive, electrically-conductive resin-based materials whose properties allow it to be molded into any shape and, but which is as electrically conductive as metal. By replacing traditional metals with its product weight may be reduced by 40 to 60
Nice job by Ford and BASF. But carbon fiber doesn't apply to Integral. Again, we all know there are other players, but which ones compare to Integral?
Well done DuPont. So how does that relate to Integral? Does it infringe on their patents or is what they did completely different? This is an important distinction.
Integral is not going to control the entire market. Doug has said that. But it is a huge market and they are apparently in position to grab a large piece.
Again, I know there are other companies working on this. Ford is an example.
But who are their experts on staff, what are they working on specifically and how does that compare to Integral in every area I just mentioned?
Once more...this is a new market. If there are tons of experts out there, then name them. First and last names. And list what they are developing that's so innovative.
That last sentence is key because it has to compare to what's Integral is doing. For example, Ford did "submerging" to reduce the weight. What exactly did they do and does it infringe on Integral's patents?
DuPont is another!
Ford Motors is just one of many large corporations leading the way in light weighting.
I know there are other companies working on this. But which ones are they, who are their have experts on staff, what are they working on specifically and how does that compare to as Integral in every area I just mentioned?
Again...this is a new market. If there are tons of experts out there, then name them. First and last names. And list what they are developing that's so innovative.
This is not a conspiracy. Lightweighting is the focus for all companies. Has been for over a year now. Integral wasn't needed years ago. Today they are. Sometimes, often times, it takes time for change to be accepted. But that change is now a mandate...lightweighting is required for all companies to move forward. And Integral is now ready to be a big part of it.
The spin doctors either aren`t so bright themselves.....or they think you aren`t bright enough to see through the empty claims they are peddling.
Electriplast is a replacement material. Every application patent in their portfolio has an equivalent part...in the market now...that is made from metal. For 14 years they have been trying to peddle this "replacement" material whose basic attributes, they claim, are that it is lighter and cheaper. How hard can it be to demonstrate cost and weight? They`ve had 14 years to find a customer and still no market exists for Electriplast. What`s the problem?
Who would be inspired to compete with a company with a 14 year old product that can`t find a revenue producing market. Have to go through Integral? .....for what? A product that the market has turned it`s back on for 14 years running?
Thin
Hey nick...search ELECTRICAL CONDUCTIVE PLASTIC....after you've read through the 1,600,000 hits then try to convince me this company is something other than a few engineers getting a paycheck.....
Fair enough. Yes, I do not know much about the patent issues lately. Can you provide links to this patent issue you mentioned? Names of companies? I'm sure it's in the news. I know it happens every now and then, but the ones I've heard of get busted, so why would a big company change it?
As for my comment about every startup not having capital...I meant having enough. I'm sure Integral would be able to handle it. Wouldn't insurance cover a lot if the costs?
I didn't contact the companies. I spoke with employees I know. I'll give you one. Tesla.
Another point.....the idea that integrals engineers ( all three of them ) have some kind of special expertise in conductive plastics that no other REAL company has is absurd....I mean if you aren't selling pellets what do you really have here....right...nothing .....unless you can find a bank that accepts Yada Yada Yada....
Patent protection is a specious argument! It was laughable to hear Doug state that all of the big boys will have come through ITKG because of their patent portfolio! All one need do is peruse the patent portfolio on the website to see what has been patented. Doug proved himself to be a buffoon bringing out the specious patent protection argument! Oh by the way could you name those tier one companies you contacted?
still looks like its moving to the 50day/av....
and getting there early next week
looks that way to me anyway
little consolidating today after the rebound
hitting that 33 cent mark next week
then take it from there after that
The reason I say sidestepped is he did not address the fact it has been over 13 months since Integral according to the CEO would sign an agreement that would assure the global commercialization of Electriplast.
He claims to have no idea why the stock has been tanking, ever since it became clear the agreement was not happening in his time frame. With each passing month the stock goes down more.
Now Integral will have lots and lots patent license revenue. I hope that happens.
At least for now it appears the cc rescued the share price. Go Doug!
Nick,
You said
I don't think he sidestepped anything. He said the focus of the call was to provide more detail on the business plan, and talk of patent licensing has not been discussed much so he felt that was needed to provide shareholders with all the info possible.
I'll go back to a previous CC when he mentioned that licensing revenue was part of the plan even 2.5 years ago. So he's not avoiding anything. It was a focused call on the business plan, part of which he hasn't discussed much...patent licensing.
"And the other thing too if you reference back to 2.5 years ago, we did talk about multiple revenue streams and that we have begun, as Bart said earlier we’ve had three quarters in a row of recorded revenue, albeit not near the revenue numbers we’re looking for. We have made start and we are consistently now generating revenue and the thing about that those coming from different sources, sales of ElectriPlast, licensing revenue, engineering, services."
Now if what you say is true about how easy it is to infringe on patents, then every startup company is fighting a losing battle because none of them have the capital. So I respectfully disagree with you on this topic, although I do share your cynicism to a degree...I too am waiting for revenue, but I believe it will happen. The market is ready and we are in position to capture a large chunk of it.
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ElectriPlast’s extensive patent library has earned them recognition as “One of the 50 Best & Brightest Companies” by MBD Capital and is one of the most extensive intellectual property libraries in the conductive plastics space.
ElectriPlast has been constantly innovating since filing its first patent application in December of 2002 for engineering a highly conductive plastic for antenna applications.
Holdings include patents covering ElectriplastTM, a line of non-corrosive, electrically-conductive resin-based materials, as well as patents specific to applications and components manufactured from electrically conductive resins.
Here is a link to the list of their current patents:
https://www.electriplast.com/patents/patent-portfolio
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