EVANSVILLE, Ind., June 9, 2017 /PRNewswire/ -- Integral Technologies, Inc. (OTC-PK: ITKG) ("Integral"), and its wholly owned subsidiary ElectriPlast Corp., today announced that Illuminer, Inc. ("Illuminer"), an industry leader in the design, development and distribution of LED lighting solutions, have entered into a Joint Validation Agreement for the advancement of Illuminer's LED lighting products (the "Agreement"). The Agreement involves the use of ElectriPlast's electrically and thermally conductive materials into future Illuminer products to improve EMI shielding and thermal dissipation solutions.
"We are excited about this relationship with Integral. It allows us to bring in a strategic partner with expertise in the critical areas of EMI shielding and thermal dissipation which are key areas in design considerations for LED products. Later this year, we are launching an advanced LED street lighting product in the North America market that will position us as a major lighting supplier in the US. Strengthening our technical partnerships with companies like Integral will enable us to further strengthen our position in the $30 billion LED market," stated Michael Ernst, Illuminer's CEO.
"The Agreement with Integral provides us with technical expertise in conductive materials that we don't have access to presently," stated Alain Corcos, Illuminer's CTO. "Integral's engineering team's shielding applications expertise will be a tremendous asset to our LED technology. This relationship will have an immediate impact on our product development and we anticipate the implementation of ElectriPlast conductive materials into our future products," Corcos added.
"We are pleased to be entering the LED market with a partner like Illuminer," stated Doug Bathauer, Integral's CEO. "They have exciting products coming to market later this year that we believe will have a real impact on the North American LED market. This relationship creates significant sales opportunities for us in this $30 billion industry."
About Integral Technologies, Inc.
Integral Technologies Inc. (OTC-PK: ITKG) and wholly owned subsidiary ElectriPlast Corp, engage in the discovery, development, and commercialization of electrically conductive plastics used primarily in the production of industrial, commercial and consumer products and services. Its core material, ElectriPlast®, is a non-corrosive, electrically conductive resin-based material whose properties allow it to be molded into any of the shapes and sizes associated with plastics, rubbers and other polymers while reducing component weight by 40 to 60%. Integral is a leader in conductive 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, LED, Bus bars and Terminals.
About Illuminer, Inc.
lluminergy, Inc. (dba "Illuminer") is based in Antioch, California. The Company designs, develops and markets innovative, high-value LED lighting products and an intelligent lighting management system. Illuminer facilitates the collaboration on best research and development, quality control of manufacturing, and ﬁnancing options. Illuminer targets distributors as its primary distribution channel, as well as utility companies, commercial real estate entities, large developers, and transportation companies. Since inception, Illuminer has installed its products in commercial, retail and hospital sites. Illuminer has engineered leading-edge products for street and parking lights, and advance troﬀer retroﬁt system that provide opportunities for expansive growth. Research by the Northeast Group, LLC estimates the total streetlights in the world to be 304 million and this number is expected to grow to 352 million by 2025. The research identified that the public outdoor lighting market is witnessing a transformation where legacy streetlights are being replaced with more efficient LED lighting technology. Global spend for LED street lighting is expected to be $53.7 by 2025.
For more information, visit www.illuminerinc.com
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
SOURCE Integral Technologies, Inc.