Integral Technologies, Inc. (OTCMKTS:ITKG) reported the company’s invention of a highly conductive ‘plastic bipolar’ plate which will be made into a moldable, lightweight, and affordable battery. It is another instance of ElectriPlast’s light weighting advantages obtainable to serve a new market segment, power storage and batteries.
In addition, the product offers further advantages to end users and manufacturers, as it lessens time and steps in the manufacturing process, offers flexibility in the form element of the battery, and is also environmentally friendly.
The expert comments
Doug Bathauer, the President and CEO of Integral Technologies, said that a perspective shared by many people in the market is that lead acid technology is approaching a final phase in the development cycle. It is evident by the ongoing measures to develop other technologies. Lithium ion is taking center stage and lead acid remains the ‘tried-and-true’ technology.
The CEO of Integral further added that based on the high volume processing features and elimination of the numerous components required to collect other material based plates, the company’s bipolar plate is quite cost effective. Working within the industry, the company is in the process of making new partnerships to assess the potential of the new growing market segment.
The global market demand for lead acid batteries was projected to be $44.7 billion last year and is expected to reach $58.5 billion by 2020. Slobodan “Bob” Pavlovic, who is the VP Engineering of ElectriPlast, said that company’s products innovative features enables them to tailor the resistance and conductivity of the bipolar plate substrate and following surface treatment procedures to develop a low resistance bipolar plate. The plate is developed using a molding procedure allowing the creation of assembly interfaces.
The price action of Integral Technologies, Inc. (OTCMKTS:ITKG) in the last 12 months can be divided very clearly in two solid rallies and two corrective phases. Currently the stock is undergoing the second corrective phase and that doesn’t show any signs of getting over very soon. The stock ended the last trading session with a minor gain of 1.45% but more importantly, the failure of the stock to sustain the higher levels was clear from the structure of the daily candle. The open & close took place at the same level, with equally long shadows on both side, suggesting indecision over the stock.