Dear Shareholders,
Integral Announces License on ElectriPlast™ Wire Application
2010-02-12 09:30 ET - News Release
BELLINGHAM, Wash. -- (Business Wire)
Integral Technologies, Inc. (OTCBB:ITKG) (“Integral” or the “Company”), today announces the Company has completed a License Agreement with one of its customers based on its Patented Wire technology number 7,244,890 to shield wire using the Company's ElectriPlast™ Technology.
At the request of the customer, its name will not be published, but the Company has submitted the necessary paper work to the SEC for filing.
Traditional shielding on wire, called braiding, weaves together base metals such as copper, tin-plated copper, stainless steel, etc. The braiding process is the most time-consuming and expensive stage of making shielded wire. Even then, this process provides only 80% - 90% shielding coverage. In contrast, ElectriPlast™ replaces the metal braiding, provides 100% shielding coverage, speeds-up the process twenty-fold, reduces weight, and is far less expensive.
Once perfected, various products will be submitted to UL and CSA for electrical approval within North America, and then to other markets overseas.
Because ElectriPlast™ can be extruded and has the potential to provide total shielding of wires at lighter weight and lower cost, the Company is confident that ElectriPlast™ will emerge as the preferred material to use in wire shielding.
ElectriPlast’s™ elimination of metal, ability to be fabricated using low-cost injection molding, and demonstrable efficiency and effectiveness will fundamentally change the way in which electricity is harnessed and managed. It's not a matter of whether this revolution will occur, but how rapidly our customers will be able to make the transition to take advantage of Electriplast's extraordinarily diverse and patented applications.
Intellectual Property and Patent Portfolio:
Patents based on our ElectriPlast™ platform continue to be approved by the US Patent office and now number 45. The Company has elected not to appeal those rejected (52), instead incorporating them into subsequent applications in order to better optimize the different uses arising from our base patent. Please visit our web-site www.itkg.net for current approved Patents or visit www.usgov.patent.com.
Integral Technologies
Integral Technologies, Inc. (www.itkg.net) is the developer of an innovative electrically conductive resin-based material called “ElectriPlast™,” a highly conductive recipe that can be molded into virtually any shape or dimension associated with the range of plastics, rubbers and other polymers. Our IP consists of ElectriPlast™ and multitudes of different applications pertinent to a wide variety of industries. No assurances can be given that all patent applications will be approved; however, to the extent that patents are not granted, we will continue to attempt to commercialize these technologies without the protection of patents. Various examples of industries where ElectriPlast™ can be used are antennas, shielding, lighting, circuitry, switch actuators, resistors, and medical devices, to name just a few. The company is currently introducing these new products and ElectriPlast™ technology on a global scale.
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.
For more detailed information on the company and the technologies described above please visit our web site at www.itkg.net or contact Shareholder Relations at 888-666-8833 or Doug Bathauer, at 812-455-5767 or email at electriplastinfo@aol.com. To review the company’s filings with the SEC, please go to www.sec.gov.
Contacts:
Integral Technologies, Inc.
Scott McArthur, 888-666-8833
Source: Integral Technologies, Inc.
AI
