One has to question the validity of ElectriPlast in light of the failure of the foundation of ElectriPlast, Plastenna. Look at what didn't transpire from all of the testing, worldwide NDAs, worldwide MOUs and huge market potential.
August 26, 2002
Integral Chairman/CEO Issues Update on the Company's Antenna Business
Bellingham, WA-Integral Technologies, Inc. (“ITKG-OTC:BB”) INTEGRAL, today released a statement by its Chairman/CEO, William Robinson, in which he provides an update as to the Company’s commercialization of its proprietary antenna technologies. In a prepared statement, Mr. Robinson said;
“At the request of prospective customers and strategic alliances, we have recently finalized the development of a “ruggedized” GPS/LEO antenna, measuring only 13.25 inches by 9.90 inches, and .870 inches in height. The term “ruggedized” is used to describe the durability of this antenna, that is to say it can withstand the elements and yet endure significant shock and vibration effects. This antenna is for use in mobile asset tracking and fleet management, utilizing GPS/satellite tracking and LEO/satellite data communications to trucking fleets, heavy equipment, marine vessels, railway cars, shipping containers, transit vehicles, all via satellite interface communications. According to Allied Business Intelligence, Inc. the total addressable market for fleet management systems, exceeds 20 million vehicles in the US alone. Patent applications on this antenna have been filed with the US patent office.
The pioneering aspect of our PlasTenna™ technology is that it opens the doors to vast new horizons in antenna design and manufacturing processes. The combination of INTEGRAL’S proprietary recipe of conductive materials, and a selection of resins from various resin suppliers results in a covert moldable antenna, that can become part of the shell or case of any wireless device, be it phones, radios, or even body parts of vehicles, or new designs for conventional antennas as we know them today.
Our business strategy focuses on leveraging our 1/intellectual property rights, 2/ strengths in antenna design, 3/ material innovation, 4/ industrial design and 5/ understanding of the wireless marketplace.
INTEGRAL continues to advance to the next stage of the commercialization of its proprietary antenna technologies. The Company’s GPS/LEO antenna is currently undergoing pilot projects with approximately 15 Orbcomm resellers and customers around the world. In addition the Company currently has approximately 40 non-disclosure agreements in place with various wireless companies, worldwide. As the relationship with potential customers and strategic alliances progresses, a Memorandum of Understanding (MOU) is entered into at INTEGRAL’S request. The purpose of the MOU is to further protect INTEGRAL”S intellectual property. Currently, INTEGRAL has issued MOU’S to approximately 10 multi-national wireless companies for execution.”
Integral Technologies Inc. (www.itkg.net) located in Bellingham WA, has developed and prototyped a proprietary line of composite injection moldable antennas that can dramatically increase performance, improve design flexibility and reduce power consumption for virtually any wireless device, including those common in Cellular, Paging, Satellite, Global Positioning System (GPS) and all other radio frequency applications.
This press release contains “forward-looking statements'' within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors as (1) competition in the markets for the products and services sold by the company, (2) the ability of the company to execute its plans, and (3) other factors detailed in the company's public filings with the SEC. By making these forward-looking statements, the Company can give no assurances that the transaction described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this release.
"Common sense and a sense of humor are the same thing, moving at different speeds. A sense of humor is just common sense, dancing." - William James
