FORT WASHINGTON, PA-(Marketwire -06/12/12)- ElectriPlast®
Corporation, a wholly owned subsidiary of Integral
Technologies, Inc. (ITKG), and makers of the ElectriPlast®
line of electrically conductive resins, and aircraft
manufacturer Volta Volare', Inc., an emerging leader in
electric flight aviation technology, announced today that
they have agreed to collaborate in the research and
development of next generation applications and products
using hybrid composites and advanced lightweight materials
for the aviation industry.
Volta Volare' and its subsidiary Volt Aero Technologies,
based in Portland, Oregon, reached a milestone with the
recent launch of their groundbreaking GT4 aircraft, the
world's first hybrid electric, full-sized high performance
aircraft. Powered by the Volt Aero Technologies EViation
Drive system, the GT4 is said to be the most
technologically advanced private aircraft available. The
all carbon fiber aircraft features a canard wing design to
prevent stalls, a touch screen glass cockpit with synthetic
vision and heads-up display to reduce pilot workload, and
the EViation Drive system has one primary moving part, all
incorporated to significantly enhance the safety of private
"Nowhere is lightweighting more important than in general
aviation where there is a direct correlation between weight
and performance & safety," states Paul Peterson, CEO of
Volta Volare'. "Working with ElectriPlast® we will develop
new lightweighting solutions for Volta Volare' products,
which can be widely applied to the general aviation and
aerospace sectors." Further, he added, "Even those aircraft
manufacturers that still utilize internal combustion and
turbine engines can benefit from this research and
development, and every improvement in safety and
performance that we can deliver is in service the industry
and our country's economy. We're pleased to be
collaborating with the innovative team at ElectriPlast® to
accomplish these critical missions."
ElectriPlast® is a patented line of non-corrosive,
electrically conductive resin-based materials engineered to
replace traditional metals such as steel or aluminum.
Typically used for electrical and magnetic shielding
applications in industries such as automotive, aerospace,
consumer electronics, cable and alternative energy,
ElectriPlast® can 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%.
"The GT4 represents a historic milestone in aviation and
defines the next generation of private aircraft," states
Herbert Reedman, CEO of ElectriPlast®. "Innovation, drive
and desire for advanced, next-generation technologies is
what drives our two companies. We look forward to working
with Volta Volare' to develop lightweighting solutions
which incorporate ElectriPlast® conductive resin
technologies for use in aviation."
Volta Volare' Corp. is a private aircraft manufacturer and
emerging leader in hybrid electric aviation technology.
Their EViation Drive System is the world's first and only
hybrid-electric drive system in the field of aviation. The
EViation Drive powers the carbon composite 4-seat GT4
aircraft with exceptional speed, safety and range, with a
spacious and near-silent cabin and at the lowest operating
cost of any aircraft in its class.
Integral Technologies, Inc. (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%. Follow us on Twitter and Facebook.
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
Director of Global Sales ElectriPlast Corp.
V.P. Corporate Development Integral Technologies
Integral Technologies Investor Inquiries:
Volta Volare' Corp.
Kenneth F. MacDonald