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Leading Edge Automotive Technology Relies on Advanced Materials from PolyOne
http://www.polyone.com/news/leading-edge-automotive-technology-relies-advanced-materials-polyone
This major stuff going on here. Polyone has invested a large amount of money and work into this. Integral is moving in a good direction now. They are getting the books back in order and we should start to see some good cash flow from the Polyone deal.
I suggest you read ”The Emperor’s New Clothes”. That material is much like Electriplast!!
Letter To Stockholders
They are moving along to get this company profitable very soon.
https://ir.electriplast.com/all-sec-filings/content/0001437749-18-021510/ex_131098.htm
"We are now working to finalize the sale of our bipolar battery technology." Hmmm be no battery deal? Looks like your incorrect.
There will beno battery deal because there is no battery deal Integral Technologies is working with the US Military. My experience, insight and the company’s long history lead to that conclusion when this version of Occam’s Razor is applied!
”Whenever possible, substitute constructions out of known entities for inferences to unknown entities."
You still did not explain your take it to the bank statement that there will be no battery deal.
More facts! Takeitothebank!
Here are some more SEC documented facts for you. In the 20 quarters that have been reported since this CEO took over, the accumulated deficit has risen by over $22 MILLION ($42,384,301 to $65,282,289). When the three remaining delinquent quarters finally get filed, I`m guessing the total will be OVER $25 MILLION!!
And what has the shareholder gotten?? A 3 cent stock!!
And from the last filed 10-K, (2017):
2 CEO`s that paid themselves a bit over $500,000 annual salary.
Consultant Fees that totaled $1,420,120.
And the shareholder got............a 3 cent stock!!
No speculation. Just facts!
From the most recent 6 months filings:
Salaries......................$105,096
Consultant fees...........$667,000
Interest expense.........$917,775
And what did the shareholder get?
June 30, 2017 PPS close.....$0.03
And 17 months later...
Nov. 30, 2018 PPS close......$0.03
And 9 months of STILL delinquent SEC filings.
Good thing speculation is still just that. Speculation.
The battery deal will go through. Take that to the bank.
Lets us know why you say there will be no battery deal.
There will be no battery deal! Take it to the bank!
Yes I am still optimistic. IMO, If the leadership felt the company was not ever going to survive you would not see all the effort to get the filings current and some of the cost cutting moves they have made. Why would they put up that big effort if it was not going anywhere? I think they are getting ready for a big positive change in the income and/or another big deal.
Battery deal still in the works with the UNITED STATES MILITARY
All the scare tactics in the world will not change the fact this R&D company is finally getting product to market.
Transparent, accountable management running this OTC company.
My question had to do with your optimism expressed in prior posts. Does this mean you are no longer optimistic about Integtal?
I was not very emotional at all in the post. Was it that I used an upper case Q that got you thinking that? I do see of recent they have been getting the past filings done. Not many more and they will be current if they keep at the same pace they have been.
That is ugly.
In six months liabilities increased by more than $1.1 million. At the same time issued and outstanding shares increased by about 70 million shares.
Please explain again why you are optimistic.
Here is an interesting commentary on this situation!
4 months ago
POLYONE DEAL: It’s a sale and a “maybe” licensing deal.
They basically sold two accounts and a lifetime “irrevocable” license for ten patents
IT IS UNBELIEVABLE THAT INTEGRAL HAS TO REFER CUSTOMERS TO POLYONE WITHOUT A GUARUNTEE THAT POLYONE WILL USE ELECTRIPLAST OR PAY ROYALTIES
PolyOne only has to make “Reasonable Commercial Efforts” to use Electriplast.
PolyOne has a lifetime, irrevocable license to the ten patents
PolyOne gets two customers, only having to make reasonable efforts to use Electriplast.
PolyOne can cancel for no reason, while maintaining the irrevocable licenses.
If PolyOne uses Electriplast, they have to pay royalties. They have their own product.
They essentially sold existing business and the automotive electronics (plus) market for $1 million dollars. It’s all there in black and white. PolyOne only needs to make “reasonable” efforts to commercialize Electriplast but have lifelong licenses on the below listed patents. The contract specifically states that the $ 1million is for the existing business, and Integrals “Non-Assertion of Patents” for the below listed IP. PolyOne already has a decent portfolio, as Steve has pointed out. Integral can’t compete with PolyOne in these markets, forever, But PolyOne can compete with Integral. Integral must refer all potential customers (in the field) to PolyOne without a guarantee that PolyOne will use Electriplast or pay any royalties. PolyOne can cancel the agreement and still have lifetime license for the patents with out Integral ever suing them
2.3 Non-Assertion of Patents. In further consideration for payment of the Upfront Fee only, Integral, for itself and any successors or assigns, hereby forever and irrevocably covenants not to assert any of the Patents against PolyOne, its Affiliates, and all Customers with respect to any claim Integral may have in the Field in the Territory.
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.
10.2.2 By PolyOne. PolyOne shall have the right to terminate this Agreement, prior to the expiration of the Term, for any cause or for no cause, upon providing one (1) year’s prior written notice to Integral
US 10/811371 2004-03-26 7244890 2007-07-17 LOW COST SHIELDED CABLE MANUFACTURED FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
US 10/883915 2004-07-01 7223469 2007-05-29 ELECTRIPLAST MOLDABLE COMPOSITE CAPSULE
US 10/884,321 2004-07-02 7136008 2006-11-14 LOW COST ELECTROMAGNETIC ENERGY ABSORBERS MANUFACTURED FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
US 10/929301 2004-08-30 7102077 2006-09-05 LOW COST ELECTROMAGNETIC ENERGY ABSORBING, SHRINKABLE TUBING MANUFACTURED FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
US 11/057534 2005-02-14 7326463 2008-02-05 CONDUCTIVE CIRCUITS OR CABLES MANUFACTURED FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
US 11/125989 2005-05-10 7432448 2008-10-07 LOW COST AIRCRAFT STRUCTURES AND AVIONICS MANUFACTURED FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
US 11/143426 2005-06-02 7829006 2010-11-09 METHOD TO FORM VEHICLE COMPONENT DEVICES FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
US 11/148044 2005-06-08 7726440 2010-06-01 LOW COST VEHICLE ELECTRICAL AND ELECTRONIC COMPONENTS AND SYSTEMS MANUFACTURED FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
US 11/313015 2005-12-20 7708920 2010-05-04 CONDUCTIVELY DOPED RESIN MOLDABLE CAPSULE AND METHOD OF MANUFACTURE
US 10/863407 2004-06-08 7079086 2006-07-18 LOW COST ELECTROMAGNETIC FIELD ABSORBING DEVICES MANUFACTURED FROM CONDUCTIVE LOADED RESIN-BASED MATERIALS
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They are not close to current. The latest filing was 10/30/18, and was for the three months ended September 30, 2017. A year behind.
I agree that Doug sounds sincere and says a lot of things. We won’t know about actual revenue until we see current financials.
If Integral’s statements and press releases are truthful, we should see some revenue from these 2018 autos.
I have heard a lot of talk from this company before that never showed up as revenue. I have heard Doug say the dilution stopped, but that was more than 100,000,000 shares ago. I will be as happy as anyone to see significant revenue show up on the Income Statement. Until then I remain skeptical.
They have been pretty transparent when you look at how other OTC companies operate. Doug has been good at communicating with shareholders.
The recent catch up at getting the books current and conference calls has shown they are working hard to transition from the R&D mode to a revenue positive mode (The Switch).
Look at this closer and you can see once they have little or no debts with a low cash burn rate the switch will flip. This company will have a strong profit margin as its just receiving royalty payments with very low costs associated with its day to day operation.
In my opinion you will see this flip of the switch happen fast. The recent actions they are taking sure are pointing the company in this direction.
You mean the company is leaning out and cutting overhead in order to help balance the books?
Wow and a potential military contract in the works?
And the CEO said all this himself on a conference call before personally answering investor's questions?
A lack of revenue is a short term problem easily solvable with ONE closed deal. Of all the otc companies this one is as willingly transparent as they come.
I don’t know how I missed it. I will go back and take a look and read it and give you my thoughts afterwards.
This was reported as a subsequent event on Integral's latest filing (September 30, 2017) filed October 30, 2018.
On February 20, 2018, the Company entered into an exclusive technology license agreement with an arms-length vendor. In exchange for perpetual access to the Company’s technological assets, the Company will receive and/or be entitled to receive:
(i)
Upfront fee of $1,000,0000 (received) within 10 business days of the agreement;
(ii)
Royalties as follows:
(a)
10% of net sales effective years one to three;
(b)
7.5% of net sales effective years 4 – 7; and
(c)
5% of net sales effective years 8 – 10.
How do you interpret this disclosure? I am wondering about the exclusive and perpetual wording.
The European Tier 1 auto deal which is scheduled to run through 2024and is ITKG’s first deal with a European auto manufacturer was turned over to Polyone? Why? As I understand there is no commitment on Polyone to ever have to use Electriplast on any project!
The European deal they had done was turned over to Polyone.
Your correct on that and I share your opinion.
The cry that some deals did not work out and its some kind of evil thing is shallow. That is just how it is sometimes, not all deals work out the way they are planned everytime.
The European deal they had done was turned over to Polyone. Polyone is a very major player, when the revenues start rolling from the integration of electriplast into new and current product lines it will be a win for ITKG, IMO.
Well there are coalitions of negative sentiment promoters that roam the investing world message boards, sadly not much can be done about that.
A lot of the long term money in ITKG knows that this R&D company is finally getting their futuristic product to the market, I doubt half of them even check the pps on a weekly basis.
There are an infinite amount of scammer CEOs and schemes in the OTC world, but after personally speaking with Doug I do not believe ITKG is one of those.
ITKG is looking out first and foremost for the survival of the company and secondly the shareholders, for an R&D company that is how it should be imo.
IMO electriplast or one of their future products will be a household name in the future.
The filings will come out when they are ready, not at investor's discretion.
Where is the revenue?
Download PDF
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.
Where’s the revenue?
Download PDF
EVANSVILLE, Ind., June 21, 2017 /PRNewswire/ -- Integral Technologies, Inc. (OTC-PK:ITKG) ("Integral"), and its wholly owned subsidiary ElectriPlast Corp., today announced that its ElectriPlast material has been chosen by a leading European electric luxury SUV maker for use in a high voltage connector. ElectriPlast has been engaged with a North American automotive Tier 1 for the past year in bringing this application to market. The electric SUV is expected to make its European debut in late 2017. This marks the second ElectriPlast order for use in an electric vehicle platform so far this year.
"We are excited about winning this order with such a prestigious automaker with a globally renowned brand and appreciate the vision that our Tier 1 partner has in implementing ElectriPlast conductive plastic as part of their EMI shielding portfolio," stated Mo Zeidan, CTO of ElectriPlast. "We never waivered in our belief that there was tremendous potential in the automotive industry for conductive plastic and this is just another validation. Now that ElectriPlast has been adopted into multiple automotive platforms, we are very well positioned to benefit from the explosive global growth of electric vehicles." ElectriPlast is currently working with multiple Tier 1's in implementing their EMI shielding solutions for automotive applications.
The order, which will run through 2024, is ElectriPlast's first European automotive commercial order.
No. They are falling behind. All of the filings are now delinquent/late. What are they trying to hide? No income from the five year agreement with the Tier 1 automotive manufacturer. That agreement commenced for the 2018 cycle and those numbers should have shown up in the late filings. Something is very, very wrong!! CAVEAT EMPTOR
Sputnik from what I have seen so far they are catching up, the late filings are getting filed first keeping it in an orderly fashion. I can see it would create a big confusing mess if they did it any other way or to please you.
Where is the latest 10K? It is now late/ delinquent. No NT-10K has been filed!!!!
Any reason given for discontinuing this market? This is from Dec. 1, 2016. Two years ago!!
[bold]Although we have just begun our sales efforts of our lower conductive material, [/bold]we've been quite pleased with response we have received. To date in 2016, [bold]we have fulfilled commercial orders from five separate companies, and each customer is in different vertical industries. We have completed multiple orders for two customers, one of which is an automotive Tier 1 to which we delivered three separate orders for the same material. [/bold]We're excited about building success in this part of our portfolio and look forward to further growth with aggressive sales and marketing efforts.
We continue to see tremendous growth opportunity in the highly conductive application market segment based on the global trends for the electrification of transportation and vehicle light-weighting. We are seeing increased interest in use of our material in electric and hybrid/electric vehicles. [bold]We have recently received orders from an Automotive Tier 1 for applications in electric and hybrid/electric vehicles for both domestic and global OEM'S. We hope to be able to provide further details on these orders in the near future[/bold].
OTC Markets still has a STOP sign listed for ITKG! Delinquent filings continue to plague ITKG. ITKG is tardy with the filing of the delinquent 2017 2nd quarter 10Q! Caveat emptor!!!!
Interesting theology. My take on the matter is that the road to hell was paved by Adam. Romans 5
“The road to hell is paved with good intentions!”
As such, the saying is an admonishment that a good intention is meaningless unless followed through.
I am painfully aware of Doug's inaccurate statements. However, I think that whatever he has said, he has be said in good faith.
Just be aware that Doug has said a
lot in the past that haven’t proved to be accurate.
Maybe this time it will be different. I have that hope anyway.
I agree. I don't think that they will do what Sputnik is saying. Sputnik is guessing within the realms of business possibilities. At this state, we are all guessing to some extent.
I agree with your entire post, I'm just taking Doug's word over his for now. Doug all but outright said they are lean enough and have enough cash to make it until this deal is done.
Should they need to issue a few shares so be it, it wouldn't be enough to do any real damaged to the pps imo.
I would not say that Sputnik is saying something false, in that Integral has to have money to operate. At some point, if the battery deal takes too long, and Integral needs money, what Sputnik is saying is within the realm of what companies do. At the same time, we all know that Sir Sputnik likes to gravitates to one side of the argument. Admittedly, I gravitate to the other.
That's a pretty bold statement, I sure hope you have credible proof that is going to happen. Otherwise that is an intentionally false statement you made.
The upcoming increase in the Authorized Share count will send the pps sub-penny, in my opinion.
Just as he said, filings are coming in!
Thanks for the info. I listened -nothing new, but a good summary of what are the most important things right now.
I think the best way to approach this stock is to have selective memory concerning the past. It has been way too long in coming, but I hear Doug saying that things are gelling. So, I am going to focus on Integral's successes, not their screwups.
My regret in this whole thing is that I wish somehow I could know everything I do now and still have my cash.
New radio interview with Doug Upticknewswire.com
If you had listened to the CC, you would understand that the stop sign and subsequent filings to remove it will all be taken care of in the very near future.
OTC Markets still has a [color=red]STOP [/color=red]sign issued for ITKG due to delinquent SEC filings. I don’t see that changing any time soon.
No RS! Then look for an increase in the AS count! Take it to the bank!
I have a feeling that was a few bigger buyers that wanted in at a lower price. I was watching L2 like a hawk yesterday. Someone was buying and selling shares back and forth over and over again to get it down.
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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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