Integral Technologies, Inc. (OTCMKTS:ITKG) Updates On ElectriPlast Order

Integral Technologies, Inc. (OTCMKTS:ITKG) said that Chang Rim Eng Inc. who is the Asian molding associate of the company had completed testing and development operations of a motor casing for its Asian automotive client. The changes in the motor casing have been done as per the requirements stated by the client in 2014. Now, it will begin with the manufacturing process of new samples and then will conduct additional testing so as to give an end to the validation process. The new product is set to fetch a big order for the company in coming period.

The offerings

Integral Technologies associate has been not only working on the automotive motor casing product but is also developing other shielding offering outside the automotive market. Chang Rim has started with a manufacturing extrusion line to boost development initiatives. It will result in an extrusion process for all the applications that are still under development. Doug Bathauer, who is the Chief Executive of Integral Technologies, Inc. (OTCMKTS:ITKG), said that Chang Rim will work on the development of extrusion line and various resins such as PVC, PC, and PET.

The developments

The management of Integral Technologies is delighted with the ongoing developments related to ElectriPlast. The two companies intend to begin next processes soon. The company is a known specialty molder in Daegu. As of now, the focus is on developing plastic injection molded products used in several industries such as consumer, automotive, and industrial products.

The initiatives

ElectriPlast Corp., the wholly owned subsidiary arm of Integral Technologies stated that it concluded relocation of North American manufacturing facility from Jasper to Evansville. The relocation is done to prepare the strong platform for anticipated manufacturing growth. The company will carry out the operations at Nova Polymers unit in Evansville, IN. The relocation activities were initiated in 2014 and concluded earlier in 2015. The new changes will enhance the production capacity by as much as ten times after it becomes fully operational.

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