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Integral Technologies, Inc. To Open Korean Office For Sales Of ElectriPlast™

Stock quotes in this article:ITKG 

Integral Technologies, Inc. (OTCBB: ITKG) (“Integral” or “Company”) an emerging leader in hybrid conductive plastics, announced today it plans to open its first Asia office in Seoul, South Korea in early 2012. The Korea office is necessary to support the growing demand for ElectriPlast™, the Company’s patented and innovative, hybrid electrically conductive light-weight resin-based material.

The Company’s decision to create a presence in Korea follows months of discussion with a potential partner to manufacture and distribute ElectriPlast™ in Korea. In addition to these efforts, ElectriPlast Corporation ( www.electriplast.com), the Company’s wholly owned subsidiary, has assisted several Korean multinational companies to successfully complete their initial testing and molding of ElectriPlast™ prototype products for the automotive industry. These prototype products are intended for both the Korean domestic and international markets.

Integral has identified a location for its office in downtown Seoul. Leading the operations will be Mr. Gene Song, a Korean businessman and executive who was a former director of the US satellite operator ORBCOMM LLC, and at one time its largest single shareholder. Mr. Song’s career has spanned several industries. Prior to becoming an investor and operator in the satellite telecom industry in the US and Asia, he spent over 15 years as an executive in the financial industry running a technology fund, managing a fund for Invesco in Hong Kong, and working with Hyundai Securities.

The commitment by Integral to showcase its technology in Korea should be the catalyst for future growth in Asia. The Company looks forward to continuing the product development cycle with various Korean customers and introducing its technology to other Asian manufacturers and their engineers through ElectriPlast Corporation and our future Korea office. “We believe ElectriPlast’s™ superior electrical shielding and design flexibility compared to metal and other conductive plastics will be of great value to them,” said William Robinson, Integral’s Chairman and CEO. The ability to mold ElectriPlast™ at low cost into virtually any shape or dimension associated with a wide range of plastics, rubbers and other polymers translates into design flexibility, and enables faster development cycles that add to savings for manufacturers.

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