Integral Files Form 10 With The SEC And Prepares
Patent Application
BELLINGHAM, Wash.--(BUSINESS WIRE)--Dec. 2, 1999--Integral Technologies, Inc. (OTCBB:ITKG - news) has today filed
its Form 10 with the Securities and Exchange Commission.
This filing includes audited consolidated financial statements for the year ended June 30, 1999 and unaudited consolidated financial
statements for the quarter ended September 30, 1999. Pursuant to the Rules and Regulations of the SEC and upon the acceptance
and approval of the Form 10 by the SEC, Integral will become a ``Reporting Company'.
The recent invention by Integral's development team of the ``GPS/CDPD' antenna and the ensuing positive reception from OEM's in
the wireless marketplace, has resulted in Integral fast tracking a patent application with the US Patent Office. This will be achieved by
filing a ``Provisional Patent' with the US Patent Office within the immediate future.
In filing a provisional patent application, protection is secured immediately for the applicant. Within one year from the filing date of the
provisional patent, the applicant must file a regular U.S. patent application claiming priority from the provisional application. The patent
subsequently granted on that regular U.S. application will have a lifetime of 21 years from the filing date of the provisional application,
provided the regular application is filed at the end of the one year time period. It is to be noted that the provisional patent application
does not mature into a patent -- rather it expires after its one year lifetime. It simply gives a subsequently filed regular patent
application the possibility of a 21 year lifetime measured from the filing date of the provisional application.
Mr. Thor Larsen, consultant to Integral on patent and intellectual property issues, formerly with IBM, and the holder of eleven patents
of his own, recently carried out an investigation in conjunction with Integral's patent attorneys into the properties of the Integral
GPS/CDPD antenna, and its possible infringement on other patented antenna technologies. As a result of this initial investigation, and
based on information currently available, management of Integral is of the opinion that its new GPS/CDPD antenna does not infringe
on any existing US antenna patents.
Integral's ``GPS/CDPD' antenna, as the name indicates is a dual purpose antenna. The ``GPS' antenna is used in radio receivers on
the ground to receive 1.5 GHz signals from global positioning satellites (GPS) orbiting the earth at an altitude of approximately 23,000
miles. The ``CDPD' antenna is used in transmission/reception of signals in the 824-894Mz range. The Cellular Digital Packet Data
network is currently one technology on the market today, which facilitates wireless internet access.
The reader is advised that this release contains forward-looking statements of the Company and a variety of factors could cause the
Company's actual results and experience to differ materially from the anticipated results or expectations expressed. Additional
information regarding those factors is available upon request.
Statements made in this press release that are not historical facts, including those related to future market conditions, future
competitors, future partners, market rollouts and future technology, are forward looking and are made pursuant to the safe harbor
provisions of the Securities Litigation Reform Act of 1995. Such statements involve risks and uncertainties that may cause results to
differ materially from those set forth in these statements. Among other things, additional competition from existing and future
competitors may impact the market.
Projections of market size, partners, market acceptance, technological rollout and competition are estimated based on preliminary
information as well as certain assumptions which management believes to be reasonable at this time.
For more detailed information on the company and the technologies described above please visit our web site at www.itechfin.com or
contact Shareholder Relations at 1-888-666-8833. |
