Where are the products? Where are the contracts?
July 14, 2009
Integral Issues Update on ElectriPlast™ Product Development and Commercialization
Bellingham, WA-Integral Technologies, Inc.(“ITKG-OTC: BB”) (“Integral”) and Jasper Rubber Products (“Jasper”) through their respective CEO’s William Robinson and Douglas Mathias, today made the following comments relating to the ElectriPlast™ product(s).
Product Advancement:
Over the past two years Integral and Jasper have perfected the manufacturing process of our patented ElectriPlast™ Technology for multiple applications in widely diverse industries. To advance our manufacturing procedures and product commercialization we have selected our eight most popular resin formulations for testing of their physical and electrical characteristics by an independent laboratory. These tests will be standardized and can be conducted on any material that incorporates ElectriPlast Technology. They will provide independent validation of the specific physical and electrical characteristics of ElectriPlast™.
The results are now being compiled and will be shared with our customers and the public. The amount of testing data received is voluminous and detailed. It is currently being deciphered, complied and condensed into a format for dissemination.
These tests will allow our customers to understand how doping of the resin changes its characteristics, giving Corporate Engineers and Scientists a better understand of how to utilize ElecrtriPlast™ in the material specification stages rather than read about generalities in a news article or on our web-site. For example, does the resin tensile strength become harder or brittle depending on the amount of additives added? How does the material accept or reject electrical current? Customers will now be able to compare formulations using ElectriPlast with their products and demonstrate the superiority of all our Patented and Patent Pending Property, including, among others applications, shielding, antennas, batteries audio, heating appliances, automotive, military, circuitry, resistors, connectors and wiring. These tests will also assist our customers who wish to conduct their own research and development work on the ElectriPlast™ Technology.
Intellectual Property Portfolio:
Our intellectual property is comprised of our patented core technology, ElectriPlast™, and the “patented product family” of the patented core technology. By “patented product family” we mean the variety of applications which we have developed based on ElectriPlast™. In order to better optimize the different applications of our core technology we now combine some of these applications to better utilize costs, applications and final approvals. Currently, we have filed 119 U.S. patent applications: 41 have been issued, one has been allowed but is pending issuance, and 77 have been filed and are pending approval. Only 40 have been rejected. Please visit our web-site www.itkg.net for a current listing of patents approved and applications pending.
Sales and Development Activities:
Integral and Jasper are in the process of securing regular customers. Despite the global economic slowdown this past year we have continued to develop and expand our diverse customer base and are on the verge of finalizing numerous sales. Many of our potential customers include the recognized leaders in their respective industries. The utilization of the ElectriPlast™ materials is as wide and varied as its potential product applications
We are providing several large antenna Companies with specific blends of ElectriPlast™ pellets. These Companies are working with Jasper’s manufacturing facility to facilitate their needs. One Company has made a final prototype and is testing the antenna for commercialization.
We are providing a blend of ElectriPlast™ pellets for a molded part in a new military application for shielding. The part has proven to be superior over all other competitors for this application.
We are providing a battery manufacturer different ElectriPlast blends for molded parts in a standard 12 volt battery. The purpose is to lighten the battery providing for a longer battery life to meet the demands of “green” vehicles.
We are in the process of sampling ElectriPlast™ as a revolutionary way to manufacture electrical wire. This revolutionary concept shows great promise and is receiving significant interest from wire manufacturers.
Although management is not able to be definitive on contract dates we believe several current projects under development will come to fruition soon.
Opportunities for ElectriPlast™ in a Green Economy
With a shift towards a green economy in the U.S., management believes that the unique characteristics of ElectriPlast™, such as weight savings, cost savings, design combination and flexibility, conductivity, non-corrosiveness, could lead the product to become an integral part of “green” transportation.
In conjunction with the foregoing, Integral and Jasper have developed a relationship with a specialized consulting company based in Detroit that has many years of successful experience in the automotive industry. Their testing of the ElectriPlast™ material has convinced them of the value of using ElectriPlast™ Technology in fields of Automotive, Hybrid Technology, Batteries, Marine Applications and Motorcycles. We expect an agreement to be executed with this consulting firm in the very near future.
As mentioned in an article entitled “The Next Detroit” in the Forbes magazine issue of June 8, 2009, the new Detroit will be comprised of carmakers and their suppliers building energy efficient cars, made in America. These hybrid cars will not only be fuel efficient but have a number of components made of recyclable material. Management believes that ElectriPlast will play an important role in the U.S. auto industry’s new designs.
As German philosopher Arthur Schopenhauer once said, "truth is ridiculed, then denied, and then "accepted as having been obvious to everyone from the beginning."
