RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Liquidmetal® Technologies Inc. (OTCBB: LQMT) today announced that its manufacturing operations are currently in the midst of shipping commercial parts to several of its customers world-wide. Parts delivery began this past December with continuing shipments scheduled for the months ahead.
President and CEO Tom Steipp commented, “We are very excited about the use of amorphous alloy technology to deliver stronger, lighter, and more corrosion resistant parts to our customers in varying industries globally. These initial shipments represent a significant milestone in our efforts to provide a new class of materials for our customers to consider when designing complex parts.”
Additional Liquidmetal Technologies customer parts are scheduled to be part of the manufacturing pipeline in the coming months as the company continues to ramp its production capabilities.
About Liquidmetal Technologies
Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the leading developer of bulk alloys and composites, that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.
Forward-Looking Statement
This press release contains “forward-looking statements,” including but not limited to statements regarding the advantages of Liquidmetal’s amorphous alloy technology, scheduled manufacturing of customer parts and other statements associated with Liquidmetal’s technology and operations. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from Liquidmetal’s expectations and projections. Risks and uncertainties include, among other things; customer adoption of Liquidmetal’s technologies and successful integration of those technologies into customer products; potential difficulties or delays in manufacturing products incorporating Liquidmetal’s technologies; Liquidmetal’s ability to fund its current and anticipated operations; the ability of third party suppliers and manufacturers to meet customer product requirements; general industry conditions; general economic conditions; and governmental laws and regulations affecting Liquidmetal’s operations. Additional information concerning these and other risk factors can be found in Liquidmetal’s public periodic filings with the U.S. Securities and Exchange Commission, including the discussion under the heading “Risk Factors” in Liquidmetal’s 2010 Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.