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Integral Technologies, Inc. (OTCMKTS:ITKG) Asian Molding Partner Completes First ElectriPlast Order

Integral Technologies, Inc. (OTCMKTS:ITKG) informed that Chang Rim Eng Inc., its Asian molding partner completed testing and development activities of a motor casing for an Asian automotive client. Won-Hyun Kwon, the President of Chang Rim, stated that the changes were made to fulfill the client’s requirements late last year.

The company has to manufacture new samples and conduct additional testing to finish the validation process. Finally, the process is over, which can result in a significant order for the company.

The applications

Apart from the automotive motor casing product, Chang Rim has pursued other shielding solutions outside of the automotive market. To support the initiatives, Chang Rim is executing a manufacturing extrusion line in order to develop an extrusion process for applications under development. Doug Bathauer, the CEO of Integral Technologies, Inc. (OTCMKTS:ITKG), said that apart from an extrusion line, its partner Chang Rim will also work on various resins including PVC, PC, and PET.

The management is excited with the developments as they continue to work together with Chang Rim in development of ElectriPlast. The company is a leading specialty molder located in Daegu. The prime focus is on plastic injection molded products for several industries including consumer, automotive, and industrial products.

The other news

Integral Technologies’ wholly owned subsidiary named as ElectriPlast Corp. said that it completed relocation of its North American manufacturing unit from Jasper to Evansville. The initiative is taken to prepare the platform for expected manufacturing growth. Along with long time manufacturing associate Jasper Rubber Products, the operations will be carried out at Nova Polymers unit in Evansville, IN.

The relocation of the unit was commenced in 2014 and was completed at the start of this year. In addition to this, the capacity was extended by shifting Nova fixed assets to the ElectriPlast procedure which will enhance the capacity by ten times once it becomes fully operational.

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