CANTON, Mich. - March 3, 2021 - Integral Technologies, Inc. Provides Shareholder Update
Company Taking Steps to Regain SEC Compliance
March 3, 2021 – Integral Technologies, Inc. ("ITKG", or the "Company"), which is engaged in the development and commercialization of electrically conductive plastics, today provided a shareholder update related to recent actions the Company has taken in an attempt to regain compliance with the Securities and Exchange Commission ("SEC") reporting standards.
According to Chief Executive Officer Doug Bathauer, "The Company has recently secured the funding necessary to address the estimated accounting, auditing, legal and professional costs to prepare the Company's audited financial statements, as well as complete and file all delinquent periodic filings due and other related SEC filings, that may be required. We will keep our valued shareholders updated, as circumstances develop."
The Company has entered into a consulting agreement with Ascentaur LLC, to secure the services of its CEO Sebastian Giordano, who will assist the Board of Directors with the immediate objective of regaining SEC compliance as well as to evaluate the Company's ongoing strategic alternatives, the goal of which is to maximize shareholder value.
Mr. Giordano has more than thirty-years of strategic, operational and financial experience as a C-level executive, entrepreneur, consultant and board member with start-ups turnarounds and emerging growth companies across a broad spectrum of industries, including serving as a member of the board of directors of Ayro, Inc., a NASDAQ traded company that is a manufacturer of light-duty, emissions-free electric vehicles.
https://ayro.com/
About Integral Technologies, Inc.
ITKG and its wholly-owned subsidiary ElectriPlast Corp, engage in the development, and commercialization of electrically conductive plastics used in the production of industrial, commercial and consumer products. Its core material, ElectriPlast®, is a non-corrosive, electrically conductive resin-based material that can be molded into the shapes and sizes associated with plastics, rubbers and other polymers and providing weight savings of 40 to 60% versus metals. ITKG is a leader in conductive plastics with a broad intellectual property portfolio referencing its Electriplast® technology. Applications for Electriplast include: Electric Vehicle Applications, Shielding, Wire, Power Electronics, Connectors, Cables, Shielding, Conduction, Batteries, Semiconductors, Heated Elements, Sensors, Antennas, Medical Devices, Consumer Electronics and Acoustics, Fuses, Capacitors, Resistors, LED, and Bus bars.
https://www.electriplast.com
Inquiries:
Email: itkginquiry@itkg.net
