To avoid a probable bottleneck as demand surges, Integral Technologies, Inc. (OTCMKTS:ITKG) has relocated its North American facility to a bigger facility and obtained access to raw materials. The recent measures taken indicate increasing optimism about future order flow. The company stated that Chang Rim, its molding associate in Asia anticipates a major order from an Asian customer.
Earlier this year, Integral Technologies entered into an MOU with Conductive Composites to start a separate manufacturing line in a new location dedicated to making NiC exclusively for ElectriPlast. Conductive Composites is its nickel plated carbon fiber maker. It also stated that it is extending manufacturing deal with Jasper Rubber to permit Jasper to make higher volumes of ElectriPlast. It believes that it is vital so as to tell key customers that company has adequate production capacity to meet their demand.
Recently, Integral Technologies reported that it has shifted its North American facility to Evansville from Jasper. It completed relocation tasks in association with Jasper Rubber. It indicates that it will continue to influence the ElectriPlast that Jasper has produced over the past several years. In addition, the associations also help company to advantage from Nova’s over 30 years of experience.
Integral completed the operations related to Nova Polymers plant at the start of year. It expanded production capacity by assigning Nova assets to ElectriPlast production. The move was taken to increase production capacity ten-fold. The production at the facility could be extended to meet the forecasted ElectriPlast demand through at least 2020. There is five acres property located adjacent to the existing facility. It will be used by the company in event of expansion. Also, there is an on-site lab that company believes will be important for mechanical testing for ElectriPlast. The new facility will mitigate production costs.