EVANSVILLE, Ind., Aug. 20, 2015 /PRNewswire/ -- Integral Technologies, Inc. (OTC-BB: ITKG) ("Integral"), an emerging light-weighting leader and its wholly owned subsidiary ElectriPlast Corp., today announced the largest ElectriPlast order in the company's history. This order was placed by Asian molding partner, Chang Rim Inc. ("Chang Rim"), their first commercial order for ElectriPlast. The ElectriPlast formulation being supplied has been developed in close coordination with Chang Rim and includes a new base resin with nickel plated carbon fiber, using Integral's proprietary manufacturing process.
"This is one of the products, along with the motor casing and enclosure that we have been developing with ElectriPlast's support," stated Mr. Won-Hyun Kwon, President, Chang Rim Inc. "The first product we developed was for the automotive market which we anticipate going into production shortly. This new product is a consumer product that we anticipate production to start at 30,000 units per month, and ramping up to 100,000 units per month." Initial ElectriPlast quantities for the order have been produced and shipped.
"For the last nine months, we have been supporting Chang Rim's development work with various resins, including this new ElectriPlast formulation. Chang Rim's new consumer product incorporating our new blend is one of the results from those efforts," said Doug Bathauer, CEO, Integral Technologies. "We anticipate Chang Rim requiring nearly 50 tons per year of this new formulation once they start full production. The South Korean market, overall, has been an early adopter in recognizing the technological and economic significance of ElectriPlast."
Chang Rim is a specialty molder based in Daegu, South Korea focusing on high margin plastic injection molded products for a variety of industries including automotive, consumer and industrial products.
About Integral Technologies, Inc.
Integral Technologies Inc. (OTC-BB: ITKG) 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.
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SOURCE Integral Technologies, Inc.