Integral Technologies, Inc. (OTCMKTS:ITKG) Closes Game Changing Deal

With the constantly growing demand for electronic components, everything from consumer electronics, to automobile and aircraft components, to industrial manufacturing, there will always be room for improvements for materials to manufacture electronic components and batteries. Any innovation that is associated with the improvement of battery technology is readily accepted by the market, that is, if the new technology is applicable to the latest battery powered gadgets, cost effective to manufacture, safe, and environmentally friendly. Integral Technologies, Inc. (OTCMKTS:ITKG) is bringing to market a new technology the meets all this criteria.Integral Technologies Inc and its 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 describes itself as “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.”On June 21, 2017, Integral Technologies announced that its ElectriPlast material has been chosen by a leading European electric luxury SUV maker for use in a high voltage connector. ElectriPlast has been engaged with a North American automotive Tier 1 for the past year in bringing this application to market. The electric SUV is expected to make its European debut in late 2017. This marks the second ElectriPlast order for use in an electric vehicle platform so far this year.ElectriPlast's first European automotive commercial order will run through 2024. In 2016, there were an estimated two million electric vehicles on the road globally. That number is expected to be as high as 70 million by 2025. The Company recently fulfilled an ElectriPlast initial order for a different Tier 1 global auto platform. If the contract is awarded to Integral Technologies , the optical electronics application for that program will be utilized in approximately 2 million vehicles beginning with the 2018 model year. Mo Zeidan, CTO of ElectriPlast stated:

"We are excited about winning this order with such a prestigious automaker with a globally renowned brand and appreciate the vision that our Tier 1 partner has in implementing ElectriPlast conductive plastic as part of their EMI shielding portfolio. We never waivered in our belief that there was tremendous potential in the automotive industry for conductive plastic and this is just another validation. Now that ElectriPlast has been adopted into multiple automotive platforms, we are very well positioned to benefit from the explosive global growth of electric vehicles."

On June 9, 2017 Integral Technologies Inc announced that Illuminer, Inc. ("Illuminer"), an industry leader in the design, development and distribution of LED lighting solutions, entered into a Joint Validation Agreement for the advancement of Illuminer's LED lighting products (the "Agreement"). The Agreement involves the use of ElectriPlast's electrically and thermally conductive materials into future Illuminer products to improve EMI shielding and thermal dissipation solutions. Doug Bathauer, Integral's CEO stated:

"We are pleased to be entering the LED market with a partner like Illuminer. They have exciting products coming to market later this year that we believe will have a real impact on the North American LED market. This relationship creates significant sales opportunities for us in this $30 billion industry."

Integral Technologies Inc announced on May 4, 2017 that it is in advanced discussions with a major Asian lead acid battery manufacturer regarding the use of Integral's industry changing bi-polar plate technology. The prospective collaboration would provide the Asian battery company with the most advanced bi-polar plates for the lead acid battery market. The validation process for the bi-polar plates is pending once the Asian company has successfully completed its technical due diligence.

ITKG stock has been on a downward trend since May of 2015. It made a strong upward spike on June 21, 2017 topping out at $.1170. The stock is currently trading at $.04. The financials can be described as “bare-bones”, very little revenue, almost no cash, and a balance sheet that is heavy on the liabilities side. Current market capitalization stands at $6.40 million, on 160.05 million shares outstanding as of June 23, 2017.The new technology that Integral Technologies Inc has developed sounds very promising. However, until it translates to revenues for the Company, it will have a tough time attracting new investors. We will be keeping an eye on the Company’s developments. We will be updating our subscribers as soon as we know more. For the latest updates on ITKG, sign up below!Image courtesy of FlickrDisclosure: We have no position in ITKG and have not been compensated for this article.