EVANSVILLE, Ind., Jan. 13, 2016 /PRNewswire/ -- Integral Technologies, Inc. (OTC-BB: ITKG) ("Integral"), an emerging light-weighting leader and its wholly owned subsidiary ElectriPlast Corp., today announce the appointment of Douglas R. Mathias as a new independent member of the Board of Directors.
Mr. Mathias currently serves as the President and Chief Executive Officer of Jasper Rubber which specializes in the mixing and manufacture of Rubber, TPE and Plastic components for the Filtration, Automotive, and Appliance Industries. He has served as President and CEO of Jasper Rubber since 1999. Jasper Rubber served as the manufacturer of ElectriPlast for several years and Mathias worked closely with Integral during that time. "I've watched ElectriPlast develop and advance over the years, stated Mathias, it's been impressive to see the progress that's been made most recently. I look forward to being involved at the board level." With the addition of Mathias, the Integral board is now comprised of a majority of independent directors.
Concurrently, William Ince, Director, has elected to resign from the Board. While Mr. Ince remains a strong believer in the business and the future of Integral Technologies, he is looking forward to a planned retirement. "We have greatly appreciated Bill's long term contribution to our Board and as co-founder, and wish him well. We're also thrilled to have Doug Mathias join our Board of Directors. Doug's experience in the industry and manufacturing as well as his intimate knowledge of ElectriPlast, is a tremendous asset to our company," said Doug Bathauer, President and CEO, Integral Technologies.
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.
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, 2015 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.