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 www.electricplast.com
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