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Integral Secures License on ElectriPlasta" with Leading Provider of Electronic Components to Defense and Commercial Markets Wor

^{Published on 2010-05-27 06:41:05 - Market Wire}
 

BELLINGHAM, Wash.--([ BUSINESS WIRE ])--Integral Technologies, Inc. (OTCBB:ITKG) (aIntegrala or the aCompanya) today announces that it has completed a License Agreement for its Patented ElectriPlasta" Technology with a leading provider of system solutions with extensive technical and engineering content (herein aLicenseea) serving aerospace/defense, telecommunications and other international high technology niche markets. At the request of the customer its name will not be published so as to enhance its competitive advantage in utilizing ElectriPlasta".

Established over 60 years ago, this Licensee will be using ElectriPlasta" to provide highly reliable and durable shielding parts in high voltage interconnectors for military, aerospace, medical and other industrial applications manufactured and sold by the Licensee to fulfill the expectations of its demanding customers. Integral anticipates that the Licensee will begin ordering ElectriPlasta" in the near future to begin production of these parts.

As with other of Integrala™s customers, this Licensee had earlier executed an NDA with Integral to allow its development team to become informed of the technology, including the ElectriPlasta" product specifications in order to help them decide on a specific polymer blend. (Currently, Integral has over 350 NDAa™s in place with other companies.)

Integral then provided the Licensee samples of ElectriPlasta" plaques molded in an industrial standard size in a square shape 6 by 6 inches with a thickness ranging from 2 to 6 ml. This gave them a quick and easy way to test the electrical characteristics of the blend they chose. Through its manufacturing partner, Jasper Rubber Products, Inc. (aJaspera), Integral also provided specially blended pellets for the Licensee to do its own molding or extruding to produce its own prototype and conduct its own research and development.

This license was entered into only after the Licensee was satisfied with the chosen application of ElectriPlasta". The License Agreement is a Non-Exclusive Purchase license that allows the Licensee to purchase ElectriPlasta" from Integral for its specific application. The non-exclusive component means that Integral retains the right to license ElectriPlasta" to other companies in the same industry. (Under certain circumstances a customer may enter into an Exclusive Purchase License and/or a Master License with Integral to sub-license the technology to other companies in its industry.)

ElectriPlasta" allows a design engineer the utmost freedom in designing new products or enhancing current designs. Through Jasper, 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. Testing (electrical and mechanical) of ElectriPlasta" components and applications can then be carried out, followed by customer training and service for design and implementation. Integral also can and has formed joint ventures to co-develop applications for the ElectriPlasta" pellet.

Integral is in negotiations with several other companies to complete additional licenses of its Patented ElectriPlasta" Technology.

Integral Technologies

Integral Technologies, Inc. ([ www.itkg.net ]) is the developer of an innovative electrically conductive resin-based material called aElectriPlasta",a a highly conductive recipe that can be molded into virtually any shape or dimension associated with the range of plastics, rubbers and other polymers. Our IP consists of ElectriPlasta" and multitudes of different applications pertinent to a wide variety of industries. No assurances can be given that all patent applications will be approved; however, to the extent that patents are not granted, we will continue to attempt to commercialize these technologies without the protection of patents. Various examples of industries where ElectriPlasta" can be used are antennas, shielding, lighting, circuitry, switch actuators, resistors, and medical devices, to name just a few. The company is currently introducing these new products and ElectriPlasta" technology on a global scale.

This press release contains aforward-looking statements'' within the meaning of Section 27A of the 1933 Securities Act and Section 21E of the 1934 Securities Exchange Act. Actual results could differ materially, as the result of such factors 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, and (3) other factors detailed in the company's public filings with the SEC. By making these forward-looking statements, the Company can give no assurances that the transaction described in this press release will be successfully completed, and undertakes no obligation to update these statements for revisions or changes after the date of this release.