Integral Technologies, Inc. (the Company") has entered into an agreement in principle with a global manufacturing company (the Licensee") regarding certain exclusive and non-exclusive licensing rights to the Company's existing ElectriPlast technology. The agreement would provide the Company with a global partner to extend the sales and application development reach of the ElectriPlast technology. Similarly, the agreement would provide the global partner with technology to address customers' requirements for products and sub products requiring lighter weight, conductive materials.