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  • Integral Technologies, Inc. (ITKG) Announces Appointment Of New CEO Of Subsidiary ElectriPlast, James Eagan 0 comments
    Jan 27, 2014 10:24 AM | about stocks: ITKG

    Integral Technologies, a growing player in the hybrid conductive plastics, and its wholly owned subsidiary ElectriPlast Corp., announced that it will be appointing James Eagan, current Chairman of the Board at Integral, to the position of CEO of ElectriPlast Corp. Mr. Eagan will be replacing the leader of ElectriPlast's commercialization effort over the past three years, Herbert Reedman Jr. Mr. Reedman will continue to serve as an advisor on the Board of Directors at Integral.

    "We are continuing our emphasis on expanding ElectriPlast Corp's technical and engineering capabilities," said Mr. Eagan. "Early last year, we developed a collaborative plan to enter new market segments with partners who have world-class manufacturing, distribution, and product development expertise. As we enter 2014, we are pleased to have executed on that plan. We are now even better positioned for the further commercialization of ElectriPlast with our BASF, Delphi Automotive PLC and Hanwha L&C relationships, coupled with our Detroit Tech Center."

    Mr. Eagan has previously worked in a variety of roles with ORBCOMM, provider of satellite telecommunication services worldwide, and its licensees. He co-founded ORBCOMM LLC and purchased from Chapter 11 all assets from ORBCOMM Global, L.P., which had expended $600 million for its global network build out. The assets acquired by Mr. Eagan include 36 satellites and ORBCOMM's global operations. Mr. Eagan was responsible for creating and refining a new business model, drastically reducing costs and growing the subscriber base while he served as Executive Vice President and Chief Marketing Officer in the new venture.

    Integral recently announced the opening of its ElectriPlast Tech Center in Detroit, which will serve to further the development of its strategic relationships with BASF, Delphi Automotive PLC and Hanwha L&C. The center will provide facility upgrade for staff expansion, while also adding resources allowing for superior internal testing, engineering and product development. The Detroit Tech Center's engineering staff has over 50 years of expertise and Integral plans to add to this team in the near future. With the opening of the Detroit facility, Integral subsequently announced that it expects to close its Fort Washington, Pennsylvania office at the end of January.

    "These shifts in our corporate structure and resources better align us with our overall strategy, namely taking full advantage of the enormous resources and market presence of our partners," said Doug Bathauer, CEO of Integral. James' history of successfully introducing new technology to the market, plus his experience consummating international license agreements with manufacturing, distribution and reseller components are invaluable at this stage of our development. He most recently led us through the manufacturing and licensing agreement process with Hanwha L&C, and we are excited to see the further impact he will make leading the ElectriPlast team. I would like to thank Herb and his team for all their tremendous efforts over the years, and I look forward to continuing to work with him as an advisor to our Board."

    "It is great to see our business vision for ElectriPlast taking shape", said Herbert Reedman. "These partnerships offer new opportunities and we are now well positioned to execute on these strategies. I can think of no better person to lead these efforts than James Eagan. I look forward to continuing my involvement with the company as an advisor to the Board"

    For further information, please visit electricplast.com

    QualityStocks provides investor relations services to publicly traded companies in exchange for compensation. This article may be part of our efforts to widen a client's exposure. To read our full disclaimer, visit http://disclaimer.qualitystocks.net

    Stocks: ITKG
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