On February 20, 2018, Integral Technologies, Inc. entered into a technology license agreement with PolyOne Corporation. Under the terms of the agreement, the company, subject to certain exceptions, granted to PolyOne a perpetual, nontransferable, nonsublicensable, exclusive right and license to commercialize the company's patented, long fiber conductive ElectriPlast® material for electromagnetic and radio-frequency (EMI/RFI) shielding applications. As consideration for the license granted, PolyOne will make a cash payment of $1,000,000 to the company within 10 days of signing and pay the company royalty fees based on net sales.

The agreement shall terminate on December 31, 2027 unless earlier terminated by PolyOne for any reason, upon one year's prior written notice, or unless earlier terminated by the Company upon PolyOne's bankruptcy or material breach of the Agreement that remains uncured for 30 days.