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Integral Announces Binding Term Sheet with Pivotal Battery Corp. (“Pivotal”), a Delaware corporation, for the sale of its bipolar battery technology. The purchase is valued at $3,500,000 and expected to close no later than end of August 2019. The agreement also calls for an exclusive supplier agreement for Integral to provide ElectriPlast to Pivotal for production of bipolar plates. The agreement also sets aside a limited number of shares in Pivotal to provide Integral shareholders an opportunity to invest directly in Pivotal.
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