(PR Wires) DJ: Integral Announces Contract Status Update
DJ: Integral Announces Contract Status Update
VANCOUVER, Canada--(BUSINESS WIRE)--Dec. 8, 1998--Integral Technologies,
Inc. (Nasdaq/OTC BB:ITKG), today announces the status of various development
contracts secured during the past year.
US Small Business Innovative Research (SBIR)
On January 2, 1998 Emergent signed an SBIR contract in the amount of a
$35,000 with the period of performance being January 1998 through December
1998 and the procuring agency being Geisas Technology Inc. The contract
called for the delivery of a CTHA for proof of concept testing for
incorporation into a tactical communications system being developed by
Geisas for the White House Office of National Drug Control Policy.
US Small Business Innovative Research (SBIR)
On May 28, 1998 Emergent signed an SBIR contract in the amount of a $99,964
with the procuring agency being US Special Operations Command for the
development of a model utilizing solid core material for the CTHA antenna.
This contract will be completed in late 1998.
Northrop Grumman
June 7, 1998 a small purchase order in the amount of $7,000 was signed for
prototype antennas.
US Customs
A contract in the amount of $50,000 was signed in June 1998 for the delivery
of 12 different CTHAs each at a different frequency. The completion date
for this contract is mid-December 1998.
US Naval Surface Warfare Center
In June 1998 a contract in the amount of $25,000 was signed for the delivery
of HF and VHF automatic tuners incorporating the CTHA.
Science Applications International Corp., (SAIC) San Diego,
California
In September of 1998 a contract in the amount of $50,000 was signed for the
delivery of four CTHAs at two different frequencies by the end of December
1998. The scope of this engagement is to design, develop, test and furnish
eight prototype CTHA antennas for incorporation in the customers operational
system.
Battelle Memorial Institute
Emergent entered into a one year contract in the amount of $133,209 for the
delivery of 12 GPS antennas both active and passive. Development and testing
is ongoing.
South West Research Institute
Emergent entered into a seven-month contract in the amount of $63,629 for
performing a feasibility study of a system, which will satisfy the form, fit
and function, of the customer's current operational antenna system. Emergent
provided two deliverable prototype models suitable for limited field
testing, which is ongoing.
Integral's subsidiary Emergent Technologies Corp. holds an exclusive license
from West Virginia University on all worldwide government and military
applications of the Contrawound Toroidal Helical Antenna ("CTHA"). The CTHA
is a new, patented antenna technology with broad applicability in the mobile
wireless communications industry. Integral Technologies, Inc., through its
subsidiary Emergent Technologies Corp., develops and manufactures
application-specific antenna designs for mobile wireless communications
systems.
Current management of Integral is enthusiastic about these recent positive
events and optimistic for the success of the CTHA antenna and Integral's
participation in that success. While Integral will continue to advance the
development and commercialization of the CTHA antenna technology, management
continues to direct resources to the commercialization of its other
technologies.
Emergent has and will continue to secure and fulfill numerous development
contracts on behalf of various US Government agencies. The company
anticipates that several of the more material contracts will expand based on
current ongoing testing.
On behalf of the Board of Directors
Integral, which is not presently a "reporting" company, intends to file its
Form 10 with the Securities and Exchange Commission as soon as practical
following the completion of the Company's audited financials. 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.
For more detailed information on the company and the technologies described
above please visit our website at www.itechfin.com or contact Shareholder
Relations at 888/666-8833.
CONTACT: Integral Technologies, Inc.
Shareholder Relations, 888/666-8833
14:01 EST DECEMBER 8, 1998
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