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Greetings to our ShareholdersDec 16 2016
Season’s Greetings. In warm appreciation of our association during the past year, we extend our very best wishes for a happy holiday season. As this year comes to a close we want to take the opportunity to thank you for your support.
May your holidays be merry and bright!
Electric Cars Could Take an OPEC-Sized Bite From Oil DemandDec 8 2016
by Jessica Shankleman
December 3, 2016 - Bloomberg
Consultant says EVs may curb demand by 2 million b/d in 2035
Global gasoline demand has all but peaked, says the IEA
A boom in electric vehicles made by the likes of Tesla Motors Inc. could erode as much as 10 percent of global gasoline demand by 2035, according to the oil industry consultant Wood Mackenzie Ltd.
While battery-powered cars and trucks today represent less than 1 percent of total vehicle sales, they are expected to take off after 2025 as governments move to tackle pollution and costs fall, the Houston-based analyst said. By 2035 so-called EVs may remove 1 million to 2 million barrels a day of oil demand from the market -- in the range of the production cut OPEC and its allies agreed this week in order to end a three-year crude surplus.
“Anything that reduces the demand for transportation has an impact on the oil market,” Alan Gelder, vice president of refining, chemicals and oils markets at Wood Mackenzie, said in an interview in London. “The question is how big is it going to be and what’s the time frame.”
Wood Mackenzie’s view echoes the International Energy Agency, which last month forecast global gasoline demand has all but peaked because of more efficient cars and the spread of EVs. The agency expects total oil demand to keep growing for decades, driven by shipping, trucking, aviation and petrochemical industries.
That’s more conservative than Bloomberg New Energy Finance’s forecast for EVs to displace about 8 million barrels a day of demand by 2035. That will rise to 13 million barrels a day by 2040, which amounts of about 14 percent of estimated crude oil demand in 2016, the London-based researcher said. Electric cars are displacing about 50,000 barrels a day of demand now, Wood Mackenzie said.
On Friday Athens, Madrid, Mexico City and Paris pledged to phase out diesel vehicles by 2025 in a battle against pollution, a move that could further stimulate demand for EVs that have zero tailpipe emissions.
Regulation and government subsidies alone won’t be enough to spark a boom in EVs, Gelder said. “If there’s a technology revolution, so battery technology gets cheaper and EVs don’t need a subsidy, then it comes down to consumer preference. If the consumers like something, it’ll switch far faster.”
Tesla alone won’t be able to supply enough EVs if demand really takes off, Gelder said. Major automakers including Volkswagen AG and Ford Motor Co. will need to produce them on a larger scale. “At the moment they can’t, and changing manufacturing lines takes time.”
Shareholder/Open House Event SuccessDec 2 2016
I want to take the opportunity to thank those that attended our shareholder meeting and open house in Evansville, IN, on November 12, 2016. Many of you traveled great distances to be with us and meet with members of our team, including our Chairman, James Eagan, and two of the most talented and innovative engineering minds anywhere, Slobodan (“Bob”) Pavlovic and Mo Zeidan.
Bob and Mo provided an update on the latest developments on the applications and conducted a live demo of the bipolar plates. They showed the benefits of the new plate design, and how the plates were integrated into the working 12V battery prototype assembled by Advanced Battery Concepts, LLC.During the meeting we gave a tour of the facility and allowed everyone to view our new ElectriPlast production line, as well as the other production lines used to manufacture our new line of conductive plastics for lower conductive and ESD applications. They were able to see the increased capacity available due to our strategic location at Nova Polymers.
Proxy FAQNov 7 2016
Do I get to vote?
If you were a shareholder of record on October 24, 2016, you are entitled to vote.
How do I vote?
You should have received proxy cards from your brokerage firm or from Corporate Stock Transfer. Each proxy card has a unique control number that will allow you to vote online. If you received your control number from your brokerage firm, you will vote on www.proxyvote.com. If you received your control number from Corporate Stock, you will vote at: https://secure.corporatestock.com/vote.php
What if I didn’t receive my proxy card?
Contact your brokerage firm and ask them for the Corporate Actions Dept. Tell them you are expecting a Proxy vote for Integral Technologies, and can they provide you with the control number for each of your accounts. You will then be able to vote your shares at www.proxyvote.com.
Why did I receive multiple control numbers?
You will receive control numbers for each account you own shares in. You will also receive a control number for each certificate physically held.
Do I need to vote every control number?
Yes, every control number needs to be voted.
Can I vote early?
Yes, early voting is encouraged.
If I attend the meeting can I still vote early?
Yes, everyone is encouraged to vote early.
What is the difference between authorized shares and outstanding shares?
Authorized shares are the maximum number of shares that a corporation is legally permitted to issue, as specified in its articles of incorporation. Outstanding shares are the shares of a corporation that have been issued and purchased by investors.
Are we voting on preferred shares too?
No, this proxy vote is not related to the preferred shares. The number of authorized preferred shares remain the same. There are currently no issued preferred shares.
I still have questions.
Please contact Scott McArthur - 360.966.6603 or Eric Daboling - 360.835.7992 or email to firstname.lastname@example.org
Integral Shareholder Meeting/Open HouseNov 5 2016
Safe Harbor Statement
These post may contain "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, 2017 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.