Showing posts with label LQMT. Show all posts
Showing posts with label LQMT. Show all posts

Monday, April 2, 2012

Liquidmetal® Technologies (OTCBB: LQMT) Reports Annual Revenue of $1 Million for the Year Ended 2011

Liquidmetal® Technologies (OTCBB: LQMT) Reports Annual Revenue of $1 Million for the Year Ended 2011Tallahassee, FL 4/2/12 (StreetBeat) -- Liquidmetal® Technologies Inc. (OTCBB: LQMT) today announced its financial results for the three months ended and year ended December 31, 2011. The Company reported revenues of $0.25 million and $1 million for the fourth quarter ended and year ended December 31, 2011, respectively. Furthermore, the Company closed out the fourth quarter with an operating loss of $1.7 million and $6.5 million for the year end.

Mr. Tom Steipp, President and CEO, commented, “Liquidmetal Technologies has reached an important milestone enabling it to realize the benefits of its partner relationships. By the end of 2011, we are now able to source alloy feedstock from Materion, process our alloys using next generation molding machines from Engel and manufacture commercial parts at our contract manufacturer, Visser Precision Cast. Looking forward, we will be working with our partners to scale up these production capabilities while engaging with customers in aerospace, medical, sporting goods and other industries.”

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Thursday, March 10, 2011

Liquid Metal (OTC:LQMT): Swatch on The Clock with Liscensing Agreement

Liquid Metal (OTC:LQMT): Swatch on The Clock with Liscensing AgreementOxford, MS 3/10/2011 (PennyPayDay) -- Liquidmetal® Technologies Inc. (OTC:LQMT) and The Swatch Group Ltd. (SWX:UHR) today announced that they have signed an exclusive licensing agreement, allowing the Swiss manufacturer to utilize the Liquidmetal alloy technology worldwide. Within the Swatch Group, the Liquidmetal technology has been used for the first time in 2009 for the Omega Seamaster Planet Ocean, and in 2010 for the Breguet “Reveil musical.” The present contract will allow The Swatch Group to use the technology exclusively in their entire line of timepieces.

The alloys belonging to this class of material with amorphous atomic structure (by contrast to the crystalline structure) are particularly well adopted for the utilization in the watch industry, as they lend themselves to process technology similar to that possessed by plastics and present unique properties with respect to forming. Liquidmetal Technologies Inc. masters the technology and the development of amorphous alloys. This agreement will open new horizons to both partners in this field.

The Swatch Group Ltd. is the world's foremost manufacturer of finished watches. With its nineteen watch brands - Breguet, Blancpain, Glashütte Original, Jaquet Droz, Léon Hatot, Omega, Tiffany & Co., Longines, Rado, Union Glashütte, Tissot, cK watch & Jewelry, Balmain, Hamilton, Certina, Mido, Swatch, Flik Flak, and Endura - Swatch Group has a presence in all segments of the watch market. The Group employs some 25,000 persons in more than 50 countries. Its turnover reached 6.44 billion Swiss francs in 2010.

About Liquidmetal Technologies

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