CANTON, Mich., April 7, 2014 /PRNewswire/ -- Integral Technologies, Inc. (OTC-BB: ITKG) ("Integral"), an emerging leader in hybrid conductive plastics, and its wholly owned subsidiary ElectriPlast Corp., announced today that Hanwha L&C, a global high-tech materials maker based in South Korea, has launched its dedicated production line for ElectriPlast, Integral's patented line of hybrid conductive plastics.
"Integral and Hanwha L&C established a manufacturing base in South Korea because we both believe in the long-term strength of the ElectriPlast market in Asia," said Doug Bathauer, CEO of Integral. "Its strategic location will enable the supply of ElectriPlast to South Korea's consumer electronics industry, which is one of the largest in the world, as well as to China's world-leading auto market. Along with Hanwha L&C, we look forward to tremendous growth in these industries in the years to come, while we strive to provide ElectriPlast to customers across Asia. We expect ElectriPlast to become the predominate hybrid conductive plastic utilized in Asia."
In June 2013, Integral and Hanwha L&C signed a 10-year agreement that grants Hanwha L&C exclusive rights to sell distribute and manufacture ElectriPlast in South Korea, plus non-exclusive sales and distribution rights to ElectriPlast in Japan, Taiwan and China. Founded in 1965, Hanwha L&C develops and supplies global automakers with a variety of composite lightweight automotive materials. In 2012, Hanwha L&C entered the touch screen panel market, and it is now supplying key components such as ITO (Indium Tin Oxide) glass and ITO ﬁlm for smart mobile devices.
Integral's proprietary line of non-corrosive, electrically conductive resin-based materials—ElectriPlast—is engineered to replace traditional metals such as steel or aluminum. Typically used for electrical and magnetic shielding applications in such industries as automotive, aerospace and consumer electronics, ElectriPlast can 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%.
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
About Hanwha L&C
Hanwha L&C is part of the Hanwha Group of companies that collectively form one of the largest conglomerates in South Korea. Headquartered in Seoul with annual sales exceeding $30 billion USD, Hanwha's businesses include chemicals, munitions, plastics and similar materials for aerospace, automotive and consumer goods industries, as well as solar, pharmaceuticals, financial services, renewable energy, manufacturing and construction. Hanwha Group is on Forbes' list of Top Global Companies.
Safe Harbor Statement
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SOURCE Integral Technologies, Inc.