RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Liquidmetal® Technologies, Inc. (OTCQB: LQMT; the “Company”), announced today that it has received two hot crucible amorphous metal molding machines (“Machines”) from the Company’s licensing partner Eontec Ltd. These Machines allow the production of amorphous alloy parts that are up to three times larger and one-third the cost of established technologies. This technology complements LQMT’s well established cold-crucible systems, which are capable of producing parts that meet requirements for the most demanding medical and automotive applications. The Machines are located in the Company’s new 41,000 square-foot manufacturing facility in Lake Forest, CA., where operations are planned to commence in the second half of this year.
“We are making excellent progress on our plans to significantly expand our market reach and the scale of our operations. Our hot-crucible machines provide the benefits of amorphous alloy technology to price-sensitive applications that were previously beyond our reach,” said Dr. Bruce Bromage, Liquidmetal’s EVP of Business Development and Operations. “I am pleased to be able to join the technology we have developed at Eontec with the exceptional talent and expertise within Liquidmetal,” said Professor Li, Chairman and CEO of Liquidmetal.
About Liquidmetal Technologies
Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the leading developer of amorphous alloy technologies. Amorphous alloys are a fundamentally new material that is distinguished by the ability to be injection molded in a single-step process with micron-level precision to make parts with exceptional strength, corrosion resistance and lustrous finishes. Amorphous Alloy parts provide performance benefits for applications across a broad range of markets. For more information, go to www.liquidmetal.com.