Integral Technologies Inc. (fka ITKG)

[gktignol]

NYSE,

Good morning, friend.........

There is so much to this ADAC License Agreement I hardly know where to begin. Among a few of the things things I found to be so very appealing about this alliance are:

1) Their Design, Quality Control (including their own " homegrown" ILVS system and the fact they are an ISO 14001:2004 Registered supplier) and Manufacturing Capabilities (which include their philosophy on Lean Manufacturing and the drive to reduce thru-put by focusing on Non Value Added times identified in their manufacturing processes).


2) Perhaps of the most importance (at least from our standpoint), is the global presence they have established thru their VAST Alliance. It's really quite an intriguing business model they've got there!


"Our automotive customers are increasingly demanding that we support their programs globally. The financial and human capital necessary for a company of our size to put a plant in China, Europe or South America would be too high," said ADAC President and COO Jim Teets. "The VAST Alliance provides us the best of both worlds. If ADAC needs to support GM production in Europe, WITTE would produce the European volume for GM and WITTE would pay ADAC a commission for that privilege. Likewise, if WITTE requires support for Volkswagen in North America, ADAC will handle the production here under the same agreement."

In joining the Alliance, ADAC expects to better utilize its facilities in West Michigan to produce value added products for its existing customer base and for those customers that will be gained through the Alliance.

"Door handle systems are actually complex assemblies that need to be engineered to meet stringent safety requirements and at the same time be painted to an exact color match to the vehicle," said Teets. "The VAST Alliance gives us the ability to serve an even broader base of customers and provide them with a global source for technologically advanced vehicle access systems."

In conjunction with this announcement, ADAC has introduced a new corporate identity and logo. The company has adopted the name of ADAC Automotive to represent its automotive activities.

(Source: http://www.adacplastics.com/News.php?N=3 )

This is good.......very good.

gktignol