Integral Technologies Inc. announced the signing of a Letter of Intent ("LOI") with Hanwha L&C Corp. that contemplates granting Hanwha L&C certain rights to manufacture and distribute Integral's signature ElectriPlast(TM) technology in various parts of Asia. Integral is the original researcher, developer and 100% owner of all intellectual property surrounding the ElectriPlast(TM) technology, and markets the ElectriPlast(TM) product through Integral's wholly owned subsidiary, ElectriPlast(TM) Corp. Hanwha L&C's desire to enter into an LOI followed the results of independent testing of ElectriPlast(TM) that took place over the past few months. Testing for conductivity, shielding (both electric and electro-magnetic) and mechanical strength all met or exceeded Hanwha L&C's demanding requirements. The LOI with Hanwha L&C represents Integral's potential expansion into Asia. Specifically, the LOI contemplates Integral and Hanwha L&C entering into definitive agreements granting an exclusive license to manufacture and distribute ElectriPlast(TM) in Korea. The LOI further contemplates a non-exclusive license to distribute ElectriPlast(TM) in China, Japan and Taiwan, as well as a right of first refusal to extend the exclusive license to manufacture in Korea to China, Japan and Taiwan and to make the non-exclusive license to distribute in China, Japan and Taiwan an exclusive license. The LOI is non-binding and calls for the completion of certain milestones by the parties. They look forward to potentially executing definitive agreements in the first half of 2012.