ElectriPlast technology is now embodied in the exciting and new Fisker-Karma
Fort Washington, PA (PRWEB) April 17, 2012
ElectriPlast Corporation, a wholly owned subsidiary of Integral Technologies, Inc. [OTCBB: ITKG], (http://www.electriplast.com) and makers of the ElectriPlast™ line of electrically conductive resins, announced today that the first Fisker-Karma electric vehicles equipped with a new generation of high-voltage connectors manufactured with ElectriPlast composite materials have rolled off assembly lines in Valmet, Finland and are now headed to dealers across the US & Canada.
“This marks an important milestone for ElectriPlast," states Herbert Reedman, President and CEO of ElectriPlast Corporation. "High voltage connector applications offer unique challenges requiring tight tolerances and complex molding techniques. We have been working side-by-side with our OEM and Tier1 clients for several years to develop this technology and it is now embodied in the exciting and new Fisker-Karma."
Designed and engineered in California, the four-door, four-passenger Karma is a series plug-in hybrid that combines the zero-emission benefits of an all-electric car with the full driving range of a conventional car. It will offer a responsible alternative to those in the market for traditional full size, fully equipped luxury cars.
Recently named "The World's Most Interesting Vehicle," the Fisker Karma is the world’s first premium plug-in hybrid electric vehicle and embodies Fisker Automotive’s commitment to creating environmentally conscious vehicles with passion, style and performance.
ElectriPlast™, is a patented line of non-corrosive, electrically conductive resins 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%. Applications for ElectriPlast™ conductive plastics include; wire, cable, power electronics, EMI shielding applications, antennas, capacitors, mobile devices and connectors.
Integral Technologies, Inc. [OTCBB: ITKG], through its wholly owned operating subsidiary Electriplast Corporation, engages in the discovery, development, commercialization and licensing of electrically conductive hybrid plastics products used primarily as raw materials in the production of industrial, commercial and consumer products and services worldwide. It operates in four segments; Aerospace & Defense, Transportation, Industrial Materials and Electronics. Integral's core product line, ElectriPlast™, is a family of non-corrosive, electrically-conductive resin-based materials whose properties allow it to be molded into any of the infinite shapes and sizes associated with plastics and rubbers, but which is as electrically conductive as if it were metal while reducing component weight by 40 to 60%.
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, 2011 as filed with the Securities and Exchange Commission and available at http://www.sec.gov. You are urged to consider these factors carefully in evaluating the forward-looking statements.