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Nope. Most likely another "junk heap" relationship! Just another "oral" agreement?
The parties anticipate the transactions described by this MOU will be consummated but in the event that certain conditions as defined by the MOU are not fully met, then all of the terms described in the MOU may not be fully executed.
That is an absurd statement.
I missed the ITKG call-in. Is there a number for a replay? Did you happen to listen? Can't find anyone reporting on the content.
The Future is here! ITKG 100$/SHARE SOON!
http://ultimatebatteryco.com/#application
*******ALERT ITKG*******NEWS ADVISORY! STRONG BUY!
http://www.barchart.com/quotes/stocks/ITKG
Ultimatebatteryco.com looks like some eight year olds website project for a computer class....it's a damn joke....
What the hell is ultimatebatteryco.com .... Sounds like integral dreamed up a new company to do business with the old company.... LoL ......they probably loaned them 4 million so they could give it back .... LoL .... It might be nice to hear that integral is doing business with a real company with a real thriving business ....but that ain't happening here ....not sure why Howard Hughes is peeing all over himself....
Looks like they found a new consultant(paid shill)
$4,000.000 Monetization plan with Ultimate Battery Announced!
ITKG PUNCLES 1$ NEXT WEEK
IMO
So this is not a major battery producer.
ITKG FOCUS=MONETIZATION 2016!
CONFERENCE CALL SUMMARY
REVALUATION TIME!
world changing technology and we're excited about the possibilities. The technical breakthroughs that have been made by the ElectriPlast engineering team, led by Slobodan Pavlovic, VP of Engineering and Mo Zeidan, CTO have been extraordinary. New products generated from the technology will provide power storage solutions that work much more effectively and economically, benefitting nearly every application requiring battery power, including electric wheelchairs, drones, airplanes, golf carts, and UPS (uninterruptable power supply). One of our primary interests is for automotive applications where this new technology will significantly increase travel ranges making electric vehicles a practical reality for more people" says Brian Stark, CFO, of Ultimate.
Density Doubling = GOLD!
Looks like a new company. Their Internet domain was just registered on 7/7/2016. Website looks pretty new.
Game changer for this company
I worked in r&d for another battery co...
This news will spread...
Double Density=MILLIONS! And MILLIONS! DING! DING! DING!
CONGRATS
ITKG 1$/SHARE COMING!
Were you able to find information on Ultimate Battery? Doesn't appear to be listed on any exchange.
conf call today will elaborate on the news, I'm sure. eom.
some strong volume coming in now on the news..
Integral and The Ultimate Battery Co. Enter Into Definitive MOU
EVANSVILLE, Ind., July 14, 2016 /PRNewswire/ -- Integral Technologies, Inc. ("Integral" or the "Company") (ITKG) announced today that Integral and The Ultimate Battery Co. ("Ultimate") have entered into a Memorandum of Understanding (the "MOU") that outlines the sale and license of Integral's ElectriPlast bipolar battery plate technology (the "Technology") to Ultimate.
"Based on our due diligence and market research, the Technology represents a paradigm shift which generates substantial improvements in energy storage at all levels, from simplifying mass production and reducing costs, while being safer and more environmentally friendly," stated Maurizio Cunningham-Brown, CEO of Ultimate.
"With the potential to ultimately double energy densities for all battery chemistries, this partnership will benefit both our companies, as well as the industry, the environment and consumers globally. We are pleased that Ultimate will be working to further boost performance improvements in all areas - size, weight, capacity, power, cost and reliability. We believe that Ultimate's position within the industry and ability to deliver will lead to early adoption of the new technology," says Doug Bathauer, CEO of Integral.
Specifically, the MOU between Integral and Ultimate governs the basis for a definitive agreement such that Integral will license the Technology to Ultimate and, subject to certain conditions, sell its yet to be formed subsidiary that will hold the Technology, to Ultimate, in return for which Integral will receive $4,000,000 and 20% of the outstanding shares of Ultimate. Integral will also be the exclusive supplier of conductive plastic to Ultimate and receive up to $50 million in licensing fees based on Ultimate's revenues. A representative of Integral will also be appointed to the board of directors of Ultimate.
"We consider this to be a world changing technology and we're excited about the possibilities. The technical breakthroughs that have been made by the ElectriPlast engineering team, led by Slobodan Pavlovic, VP of Engineering and Mo Zeidan, CTO have been extraordinary. New products generated from the technology will provide power storage solutions that work much more effectively and economically, benefitting nearly every application requiring battery power, including electric wheelchairs, drones, airplanes, golf carts, and UPS (uninterruptable power supply). One of our primary interests is for automotive applications where this new technology will significantly increase travel ranges making electric vehicles a practical reality for more people" says Brian Stark, CFO, of Ultimate.
Both parties are working in good faith towards closing of the transaction described by the MOU which is subject to among other things definitive documentation and execution of agreed terms. The parties anticipate the transactions described by this MOU will be consummated but in the event that certain conditions as defined by the MOU are not fully met, then all of the terms described in the MOU may not be fully executed.
http://finance.yahoo.com/news/integral-ultimate-battery-co-enter-180400475.html;_ylc=X1MDMTE5Nzc4NDE4NQRfZXgDMQRfeXJpZANiMDlhYW4xYm9mb2YwBGcDZFhWcFpEeHVjejQxWW1FeVkyWmtPQzFoT1dKakxUTTVNemt0T0RFNU15MDFORFZrTnpCa1lqUm1aVFU4Wm1sbGJHUSthWFJyWnc9PQRsYW5nA2VuLVVTBG9yaWdfbGFuZwNlbgRvcmlnX3JlZ2lvbgNVUwRwb3MDMARyZWdpb24DVVMEc3ltYm9sA0lUS0c-?.tsrc=applewf
6,000,000 new ITKG shares!
As of 7/12/16 1:05pm, INTEGRAL TECHNOLOGIES INC. shows an outstanding share count of 133,517,044
The SEC wouldn't waste time here ... That's why this penny pump job Is still listed.....I don't understand what anyone sees here....there are numerous legitimate companies out there who already market conductive plastics....do a search on "conductive plastics" and you're liable to run out of space on your computers storage unit....maybe Joes computer blew up when he hit the search button....
I think possibly some discussion regarding the communications between the SEC and Integral Technologies!
EVANSVILLE, Ind., July 5, 2016 /PRNewswire/ -- Integral Technologies Inc. (OTC-QB: ITKG) announced today that it will host a conference call on Thursday, July 14th, 2016 at 5:15 pm EDT to provide a shareholder update and to discuss recent developments.
The call-in details are:
Live PARTICIPANT Dial-In (Toll-Free): 877-407-8914
Live PARTICIPANT Dial-In (International): 201-493-6795
Likely more Blah, Blah, Blah. If there was anything of substance, we would see an 8-K. Talk is easy, the globalization of Electtriplast is proving impossible.
This cc is about 17 months after CEO's pumping statement about agreement which would guarantee globalization. The agreement NEVER materialized.
I hope there is more to it, but history says he needs to talk up a dismal stock price so people will keep putting their money in. All IMO
Oh yeah.... The "agreement" .....I guess he thought globalization meant he could sell pumped up stock to suckers and take a long vacation overseas .....
No it was was just February of 2015 when the pumping lying CEO said they would sign an agreement that would guarantee globalization. I am sure it helped him sell stock (the company's real product)
Yes they have been lying and pumping for 15+ years, but I was referring to "the agreement".
And the year before that....and the year before that...and the year......well that covers it.....
Isn't Integral due to announce some big agreement assuring the globalization of Electriplast soon?
Oh, sorry I lost a year, that was last year.
Unfortunately the more you dig into this company's background the more you come to realize it's just another manipulated penny stock with nuthin to show other than recycled news releases and a few suspicious seeking alpha articles by equally suspicious writers.....this companies stock is the living recipe for pump & dump....
A press release a couple of months ago and a Conductive Newsletter entry a couple of days ago highlited a relationship Integral has begun with bipolar battery maker Advance Battery Concepts. I`ve just spent the last 2 hours exploring every google search I could imagine trying to find background information on ABC and/or it`s bipolar battery. No links on the company web page direct you to any sales resources or retailers. I did find one resource that estimated ABC`s annual revenue wouldn`t pay Integral`s expenses for two months. That source`s information was undated and identified the revenue only as an estimate, so not sure how much it can be trusted.....but I suspect ABC may not be the golden goose some are trying to make them out to be.
My point earlier was that because of the supplier/customer relationship that exists between every link of a supply chain, that most often contractual obligations at any point in the supply chain create the same obligations throughout the whole chain. Not uncommon in today`s manufacturing world.
Thin
Marsreds your argument is legit and well made....however after all these years of Yada Yada Yada from integral it seems like an extreme long shot that this company ever does ANY business directly with any auto manufacturer....indirectly, who knows...but seems more and more unlikely every day...you can literally hear them sweat at the last two shareholder meetings....wet shirts and slurred speech are not a good sign...
Your argument may be worthy of many small businesses.....and while we may not be talking GE here.....we are talking the auto industry. Global commercialization to an industry that makes production plans years in advance, employs thousands of workers and occupy thousands of square feet of building and property. Assembly lines that can have huge impacts from a critical part shortage. Creating out of sequence installation work and often overtime wages to catch up when the part shortage is cleared. Other industries experience many of the same difficulties to a lesser extent. Inventory and the space it occupies have become a no-no in today`s Just-In-Time manufacturing world, making part availability even more critical. Manufacturing supply contracts are the only way to protect both cost and delivery schedules.
Integral`s growing debt and their $300,000 a month spending habit is going to take something more that some mom and pop widget before they can even hope to get their balance sheet out of the red.
Thin
Hey marsreds....we're not talkin General Electric here....problem with your argument is that you must assume the average idiot in business can keep track of supply, schedule and cost...most people in small business can't even spell those three words....in the real world we're looking at maybe $500 Billion dollars per year worth of business transactions with nothing other than a log entry backing up the transaction.....and if we include the underground economy (where receipts and log entries are just a hassle) we're near a trillion dollars....if business ran only by legal contract the world would stop....
A legal business transaction? Are you familiar with supply chain manufacturing? Each supplier/customer relationship in the supply chain requires that supply, schedule, and cost be locked in......by contract. Nothing in today`s manufacturing world is left up to random business transactions.
Thin
A "contract" is not a prerequisite for a legal business transaction....that said, it looks like that tsunami amounts to nothing more than a weak piss in the ocean....
Another timely commentary from another ITKG message board.
There is no contract with BASF.
There is no contract with Chang Rim.
There is no contract with LeddarTech.
There is no contract with East Penn.
There are no manufacturing supply contracts with anyone. The SEC`s 8K rules require that any significant material event be disclosed. They tried to slip a "verbal agreement" with BASF past the SEC, but got caught with their hand in the cookie jar. Press release after press release describe licensee relationships and "associations" with major players in glowing terms. None, however, have resulted in any significant manufacturing supply contracts. Long on talk, but short on delivery. Today, 14 years into the commercialization of this claimed "disruptive" technology, not a single manufacturing supply contract exists....worldwide.
Anyone who thinks otherwise, please feel free to present your documentation.
Not A Stranger.....posting from a kool-ade free zone Less
A timely commentary from another ITKG message board!
Unfortunately, we will have to wait until the middle of September to see it. Unfortunate also, because it`s the only (mostly) reliable source for accurate data. As it stands, thank`s to the SEC watchdogs, we know:
1) there is no license with BASF. Remember the Nov., 2015 8K disclaimer....."The Company anticipates that the transactions contemplated by the agreement will be consummated in the next couple of weeks, however there can be no assurance that the transactions contemplated by the agreement will ever be consummated.
2) The Chang Rim "largest order" didn`t warrant a "material event" 8K announcement and, 9 months later, no revenue has been identified.
3) The Chang Rim motor casing "significant order" from over a year ago still does not exist.
4) Nothing has progressed beyond a couple of patent applications for the bipolar battery plate.
5) The 10 new conductive plastic materials announced in Oct., 2014 still have no data sheets.
6) The East Penn development and supply agreement concluded with no contract or sustained revenue.
7) The April, 2014 launch of Hanwha`s dedicated production line has produced ZERO sustained revenue....in spite of a patent license agreement with Hanwha since June, 2013.
8) None of the 5 previous patent license agreements, including Jasper.....with it`s 50,000 ppm capacity, have produced sustained revenue of any kind.
And there are red flags everywhere concerning ongoing financial dealings.
I`m liking my spot here on the fence. Remember, paper profits are only that until you actually sell.
Not A Stranger.....posting from a kool-ade free zone Less
What happened here? Up over 300% then halted?
ITKG has been put on notice by the SEC!
We have completed our review of your filings. We remind you that our comments or changes to disclosure in response to our comments do not foreclose the Commission from taking any action with respect to the company or the filings and the company may not assert staff comments as a defense in any proceeding initiated by the Commission or any person under the federal securities laws of the United States. We urge all persons who are responsible for the accuracy and adequacy of the disclosure in the filings to be certain that the filings include the information the Securities Exchange Act of 1934 and all applicable rules require. Sincerely, /s/ Amanda Ravitz Amanda Ravitz Assistant Director Office of Electronics and Machinery
Could this be a Den of Thieves ?
It appears the SEC has taken an interest in some of the statements made in integral technologies SEC filings. Several communications back-and-forth between the two parties.
Joes credibility is pretty much zero at this point....which shows you that anyone with a laptop and a coupon for a free egg mcmuffin can write for seeking alpha....there are no other requirements ....
Hey Sputnik that guys looks kinda familiar
http://www.golfchannel.com/media/go-annika-chicken-man-john-harrell/
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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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