FORT WASHINGTON, PA -- (Marketwired) -- 06/25/13 -- ElectriPlast Corporation, a wholly owned subsidiary of Integral Technologies, Inc. (OTCQB: ITKG), announced today that it has entered into a co-development agreement with Delphi Automotive PLC to jointly develop wire and cable insulation applications using ElectriPlast® Conductive Resin Technology.
Integral, a leader in cutting edge electrically conductive hybrid plastics and Delphi will focus their joint development efforts on replacing the copper braiding in wire and cable applications with the lighter and more cost effective plastic hybrid material ElectriPlast®. The resulting applications are expected to be lighter, less costly to manufacture and substantially easier to install. Integral CEO Doug Bathauer said, "Integral has invested heavily in the development of wire and cable shielding, using our foundational conductive resin technology. We look forward to working with Delphi to refine key manufacturing processes and bring this technology to market."
"This exciting relationship is consistent with our business model to collaborate with leading technology innovators to develop new product applications for ElectriPlast® and license our intellectual property for its manufacture and commercialization across many industries," said Herbert Reedman, CEO of ElectriPlast Corporation. "It also reflects the technology's outstanding commercial potential; according to Global Industry Analysts, Inc., the Global Insulated Wire and Cable Market is expected to exceed $113.9 Billion by 2015."
ElectriPlast Corporation (www.electriplast.com), a wholly owned subsidiary of Integral Technologies, Inc. (OTCQB: ITKG), engages in the discovery, development, commercialization and licensing 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 line of non-corrosive, electrically conductive resin-based materials 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%. ElectriPlast Corporation is a leader in conductive plastic technologies with an extensive patent portfolio covering applications from consumer electronics to alternative energy and wire & cable.
Delphi Automotive PLC is a leading global supplier of electronics and technologies for automotive, commercial vehicle and other market segments. Operating major technical centers, manufacturing sites and customer support facilities in 32 countries, Delphi delivers real-world innovations that make products smarter and safer as well as more powerful and efficient.
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Source: Integral Technologies Inc.