Integral Technologies, Inc. announced the modification of their license agreement dated June 21, 2013, with Hanwha Advanced Materials due to the sale of certain non-automotive related assets, including its former name Hanwha L&C, to Morgan Stanley Private Equity. The sale continues Hanwha's nearly decade long transition to advanced materials and electronics components primarily in the automotive industry. Hanwha has stated that it will focus on auto parts, which account for 75% of sales in the high-tech materials sector, electronic components and solar power materials.

Hanwha acquired U.S. auto parts materials producer Azdel in 2007 and has been supplying products to global automakers. Hanwha Azdel's plant in Lynchburg, Virginia, is currently undergoing a $21.3 million expansion; and another unit in Opelika, Alabama, is upgrading its production capacity. Integral will continue to grant Hanwha the exclusive rights to sell, distribute and manufacture Integral's patented line of conductive plastics, ElectriPlast, in South Korea, as well as non-exclusive sales and distribution rights to ElectriPlast for Japan, Taiwan and China.