Integral Technologies and Hanwha sign LoI to manufacture and distribute ElectriPlast in Asia

BELLINGHAM, USA: Integral Technologies Inc., an emerging leader in hybrid conductive plastics, announced the signing of a Letter of Intent with Hanwha L&C of Korea that contemplates granting Hanwha L&C certain rights to manufacture and distribute Integral’s signature ElectriPlast technology in various parts of Asia.

Integral is the original researcher, developer and 100 percent owner of all intellectual property surrounding the ElectriPlast technology, and markets the ElectriPlast product through Integral’s wholly owned subsidiary, ElectriPlast Corp.

Hanwha L&C's desire to enter into an LOI followed the results of independent testing of ElectriPlast that took place over the past few months. Testing for conductivity, shielding (both electric and electro-magnetic) and mechanical strength all met or exceeded Hanwha L&C's demanding requirements.

The LOI with Hanwha L&C represents Integral's potential expansion into Asia. “We are excited to possibly have a strategic partner like Hanwha L&C manufacture and distribute ElectriPlast in the large regional manufacturing Asian base,” said William Robinson, Integral’s chairman and CEO.

“We appreciate that Hanwha L&C understands the uniqueness of the revolutionary technology behind our conductive pellet, and we recognize the value to Integral to potentially have such a respected strategic partner like Hanwha L&C with its multitude of Asian marketing channels.”

Specifically, the LOI contemplates Integral and Hanwha L&C entering into definitive agreements granting an exclusive license to manufacture and distribute ElectriPlast in Korea. The LOI further contemplates a non-exclusive license to distribute ElectriPlast in China, Japan and Taiwan, as well as a right of first refusal to extend the exclusive license to manufacture in Korea to China, Japan and Taiwan and to make the non-exclusive license to distribute in China, Japan and Taiwan an exclusive license.