EVANSVILLE, Ind., April 13, 2015 /PRNewswire/ -- Integral Technologies, Inc. (OTC-BB: ITKG) ("Integral"), an emerging light-weighting leader and its wholly owned subsidiary ElectriPlast Corp., announced the addition of James W. Wise to its Advisory Board.
Wise is the Managing Partner of PACE Companies, LLP, and for twenty-five years has represented clients to the Federal government and state governments in policy areas such as energy, transportation, and defense contracting. Wise will be invaluable in assisting the company in building further key partnerships and relationships in the public and private sectors. Bart Snell, Integral's CFO, works closely with the Advisory Board and serves as liaison so the initiatives of the Advisory Board are coordinated with the business and technology directions of ElectriPlast.
Jim Wise said, "The opportunities that the ElectriPlast technology brings to both the public and private sectors are limitless. We believe that the need of key industrial sectors to achieve greater energy efficiencies and enhanced functionality grows daily. ElectriPlast offers a unique combination of both light-weighting and conductivity that is real world proven. I am very excited to be a part of this cutting edge technology company that is bringing a great product to the marketplace at the right time."
Lightweighting is a large and rapidly growing market and conductive plastics has an important role to play within the lightweighting industry. ElectriPlast has made significant in-roads with the Automotive and Industrial markets, and will continue to expand these vertical markets with partner-centric applications.
"We are pleased with how the company is now positioned within the Automotive and Industrial sectors. There are large unaddressed needs in other vertical markets, specifically, Aerospace, Consumer, Power Storage, and related opportunities in the Department of Defense and the Intelligence markets," stated Integral CEO Doug Bathauer. "Jim will prove a valuable asset in further expanding these opportunities for us."
About Integral Technologies, Inc.
(ITKG) ("Integral"), and 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 is 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.
Safe Harbor Statement
This press release contains "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, 2014 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.
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SOURCE Integral Technologies, Inc.