EVANSVILLE, Ind., Feb. 13, 2017 /PRNewswire/ -- Integral Technologies, Inc. (OTCBB:ITKG) (Integral), an emerging light-weighting leader and its wholly owned subsidiary ElectriPlast Corp., maker of the ElectriPlast™ line of electrically conductive resins, announced the signing of a long term strategic alliance with Nova Polymers, Inc. (Nova) to expand its manufacturing operations at Nova's campus in Evansville, IN.
Under the Agreement, Nova will provide manufacturing and laboratory testing for the newly expanded product line of anti-static and static dissipative ElectriPlast. Nova is ISO certified and all ElectriPlast produced will be in accordance with Nova's ISO 9001:2008 certification. In addition to providing manufacturing, Nova will also supply resin, color matching, and blending for the new ElectriPlast formulations.
"Nova has been a strong partnership for us. It would have been challenging to develop our new product line as quickly as we have without their support," stated Doug Bathauer, Integral's CEO. "This alliance allows us to improve quality and increase volume without the need for capital expenditures or added personnel. Having ElectriPlast produced under ISO 9001:2008 is an additional benefit we can now provide our customers who want to know that the material they receive will be of the highest quality and manufactured under the strictest guidelines. We are continuing to see demand for our new product line and we believe we have the capacity to fulfill this demand for the foreseeable future."
"The combination of our 30 years of resin compounding and Integral's conductive plastic expertise creates and exciting opportunity for both companies," stated Roger Chapman, Nova's founder, President, & CEO. "We are always looking for growth and we're seeing a lot of opportunities in conductive plastic."
Since 1984, Nova has been regarded as one of the region's premier custom compounders of engineering grade resins and thermoplastic rubber and currently produces a full line of resins including ABS, PP, PC, and their proprietary TPV- Novalast. Nova operates two plants totaling over 100,000 square feet of manufacturing space and currently has an annual capacity to produce over 70 million pounds of resin, along with a full service lab and custom coloring capabilities.
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 plastics used in the production of industrial, commercial and consumer products. Its core material, ElectriPlast®, is an electrically conductive resin-based material whose properties allow it to be molded into infinite shapes and sizes associated with plastics and rubbers, while reducing component weight by 40 to 60%. Integral is a leader in conductive hybrid plastics, having over 50 issued patents for conductive plastic. Applications for ElectriPlast include: Shielding Wire, Power Electronics, Connectors, and Cables; Shielding, Conduction, Batteries, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Bi-Polar Plates, Resistors, Bus bars, ESD, Static Dissipation 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, 2016 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
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/integral-and-nova-polymers-announce-strategic-alliance-300406328.html
SOURCE Integral Technologies, Inc.