Integral Technologies Inc (OTCMKTS:ITKG) Is Today's OTC Focus

Integral Technologies Inc (OTCMKTS:ITKG) 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."Last month, ITKG announced that LeddarTech, owner of the patented Leddar optical detection technology, includes ElectriPlast material to produce lens barrels in its latest release of its LeddarOne Sensing Module, a compact and low-cost lidar that provides valuable presence detection and distance measurement capabilities to a wide range of finished products. This single-element sensing module is particularly suitable for applications such as level sensing, drone altimetry, security and surveillance and proximity detection, just to name a few. The LeddarOne's focused, yet conic beam offers excellent overall range and performance. CEO Doug Bathauer said:

"We are delighted that ElectriPlast was selected as the light-weight material molded to produce lens barrels for the cutting-edge LeddarOne. Committed to discovering and developing lightweight and conductive alternatives to metal, our ElectriPlast conductive resin materials feature the ruggedness and conductive properties of metal with the advantages of plastic. Our ElectriPlast materials are lighter, moldable, and lower cost, with the patented technology to create solutions for various industries while ensuring high performance and the latest technology."

Where the real potential for ITKG is in batteries. ITKG has four patents pending using it technology for batteries that represents a significant improvement over traditional technology and is a sizable opportunity. The lead-acid battery market was estimated at $44.7 billion globally in 2014. It is projected to reach $58.5 billion by 2020, according to Future Market Insights, which represents 4.6% CAGR. ITKG has invented a patent pending, highly conductive plastic bipolar plate which will be developed into a lightweight, moldable and cost effective battery. The ElectriPlast bipolar plate provides further benefits to manufacturers and end users, as it reduces steps and time in the manufacturing process, provides flexibility in the form factor of the battery, and is environmentally friendly. Slobodan Pavlovic, ElectriPlast's VP of Engineering, believes that the battery would be 3x-4x more gravimetrically efficient than current lead-acid batteries, as well as more efficient than lithium-ion batteries. He said:

"ElectriPlast redefines bipolar plate design based on a plate core made of highly conductive loaded resins and with metal/lead covered surfaces. The molding process for our bipolar battery allows us to produce a nearly unlimited number of 3D shapes and sizes which allow the bipolar plate and integral structures to be executed in any desired embodiment and the inherent conductivity of ElectriPlast eliminates the need for conductive vias or other means to connect electrically two sides of the plate."

The plates are lightweight and easy to assemble into the bipolar battery package, they can also be made as a 'drop-in' replacement for some existing quasi bipolar plates. Bipolar technology eliminates the use of top lead to connect the plates, thereby reducing weight by over 50%. These unique characteristics allow the technology to be applied in other sectors such as motorcycles, golf carts and forklifts. However, the applications for bipolar plates are not limited to transportation, as the bipolar technology can be used in stationary applications including flow batteries that are being developed to improving grid efficiency and for fuel cells for baseload power.Currently trading with a market cap of $22 million, ITKG is an exciting story on the OTC markets. ITKG finished last year with just $282k in cash, but it can continue funding its operations from the conversion of warrants. The company estimates that it would raise about $6.1 million of cash from the warrants that are already issued and outstanding at the current level of ITKG shares. The key going forward is for ITKG to successfully make the transition from being an R&D company to full commercialization of its technology. We will be updating Insider Financial as soon as we know more. For continuing coverage on ITKG, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in ITKG and have not been compensated for this article.