Dec 8 2010
Integral Technologies, Inc. (OTCBB:ITKG) (“Integral”) an emerging leader in electrically conductive plastics, announced today that ElectriPlast™ has been designed into a device for a military application by one of Integral’s licensees. Final testing and trials are expected to be completed by the end of 2010.
On May 27, 2010, Integral announced a license agreement with this licensee, a leading provider of system solutions with extensive technical and engineering content serving aerospace/defense, telecommunications, medical and other international high-technology niche markets.
William Robinson, CEO of Integral, said, “This design win is a result of our collaborative efforts with this licensee over the last several months for optimum uses of ElectriPlast™. This particular use of ElectriPlast™ is just one of several applications for which the license was granted. As this relationship continues to expand we expect this licensee to utilize ElectriPlast™ in its other niche markets.”
Robinson, CEO, went on to say; “We have made significant progress this year largely because of the progress of our licensing partners to incorporate ElectriPlast™ into their designs, as the solution to some of their engineering challenges. As we continue to work with these companies, we anticipate an acceleration of the uses of ElectriPlast™ in electro active shielding and conductive devices. It is especially gratifying to see the defense industry embrace our technology because the uniqueness of ElectriPlast™ -- its lightweight and design flexibility, while providing superior shielding -- is ideal for numerous military applications. Along with our recent design wins in the auto industry, this demonstrates growing market acceptance of ElectriPlast™.”
As ElectriPlast™ gains greater market acceptance, the continued use of license agreements will be a key in the growth and development of the product. ElectriPlast™ allows a design engineer the utmost freedom in designing new products or enhancing current designs. Through Jasper Rubber, Integral’s manufacturing partner, Integral can work with customers who do not have the equipment to do the necessary molding or extruding. At all stages, Integral can assist in the design and review of manufacturing applications and process optimization to meet whatever may be the precise specifications. Electrical and mechanical testing of ElectriPlast™ components and applications can then be carried out, followed by customer training and service for design and implementation. Integral also can form joint ventures to co-develop applications for the ElectriPlast™ pellet, as it has with other companies.
Integral continues to negotiate with many other companies to complete additional licenses of its patented ElectriPlast™ Technology.
Source: http://www.electriplast.com/