Integral Technologies Inc. (fka ITKG)

[Sputnik]

Where is the revenue?

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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.