ANCOUVER, 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
More to come..............edde |
