|By PR Newswire||
|April 7, 2014 09:31 AM EDT||
CANTON, Mich., April 7, 2014 /PRNewswire/ -- Integral Technologies, Inc. (OTC-BB: ITKG) ("Integral"), an emerging leader in hybrid conductive plastics, and its wholly owned subsidiary ElectriPlast Corp., announced today that Hanwha L&C, a global high-tech materials maker based in South Korea, has launched its dedicated production line for ElectriPlast, Integral's patented line of hybrid conductive plastics.
"Integral and Hanwha L&C established a manufacturing base in South Korea because we both believe in the long-term strength of the ElectriPlast market in Asia," said Doug Bathauer, CEO of Integral. "Its strategic location will enable the supply of ElectriPlast to South Korea's consumer electronics industry, which is one of the largest in the world, as well as to China's world-leading auto market. Along with Hanwha L&C, we look forward to tremendous growth in these industries in the years to come, while we strive to provide ElectriPlast to customers across Asia. We expect ElectriPlast to become the predominate hybrid conductive plastic utilized in Asia."
In June 2013, Integral and Hanwha L&C signed a 10-year agreement that grants Hanwha L&C exclusive rights to sell distribute and manufacture ElectriPlast in South Korea, plus non-exclusive sales and distribution rights to ElectriPlast in Japan, Taiwan and China. Founded in 1965, Hanwha L&C develops and supplies global automakers with a variety of composite lightweight automotive materials. In 2012, Hanwha L&C entered the touch screen panel market, and it is now supplying key components such as ITO (Indium Tin Oxide) glass and ITO ﬁlm for smart mobile devices.
Integral's proprietary line of non-corrosive, electrically conductive resin-based materials—ElectriPlast—is engineered to replace traditional metals such as steel or aluminum. Typically used for electrical and magnetic shielding applications in such industries as automotive, aerospace and consumer electronics, ElectriPlast can be molded into any of the infinite shapes and sizes associated with plastics, rubbers and other polymers while reducing component weight by 40% to 60%.
About Integral Technologies, Inc.
(ITKG) ("Integral"), and wholly owned subsidiary ElectriPlast Corp, engage in the discovery, development, and commercialization of electrically conductive hybrid plastics used primarily as raw materials in the production of industrial, commercial and consumer products and services worldwide. Its core material, ElectriPlast®, is a non-corrosive, electrically conductive resin-based material whose properties allow it to be molded into any of the infinite shapes and sizes associated with plastics, rubbers and other polymers while reducing component weight by 40 to 60%. Integral is a leader in conductive hybrid plastics with a broad Intellectual Property portfolio referencing its ElectriPlast technology. Applications for ElectriPlast include: Shielding Wire, Power Electronics, Connectors, and Cables; Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, RFID, Bus bars and Terminals
About Hanwha L&C
Hanwha L&C is part of the Hanwha Group of companies that collectively form one of the largest conglomerates in South Korea. Headquartered in Seoul with annual sales exceeding $30 billion USD, Hanwha's businesses include chemicals, munitions, plastics and similar materials for aerospace, automotive and consumer goods industries, as well as solar, pharmaceuticals, financial services, renewable energy, manufacturing and construction. Hanwha Group is on Forbes' list of Top Global Companies.
Safe Harbor Statement
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. These statements include, without limitation, predictions and guidance relating to the company's future financial performance and the research, development and commercialization of its technologies. In some cases, you can identify forward-looking statements by terminology such as, "may," "should," "expects," "plans," "anticipates," "believes," "estimates," "predicts," "potential," "continue," or the negative of these terms or other comparable terminology. These forward-looking statements are based on management's current expectations, but they involve a number of risks and uncertainties. Actual results and the timing of events could differ materially from those anticipated in the forward-looking statements, as the result of such factors, risks and uncertainties 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, (3) other factors detailed in the company's public filings with the SEC, including, without limitation, those described in the Company's annual report on Form 10-K for the year ended June 30, 2013 as filed with the Securities and Exchange Commission and available at www.sec.gov, and (4) the parties may be unable to agree upon definitive agreements. You are urged to consider these factors carefully in evaluating the forward-looking statements.
Corporate/Media Inquiries/Investor Inquiries:
SOURCE Integral Technologies, Inc.