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Tuesday, 09/30/2014 5:45:25 PM

Tuesday, September 30, 2014 5:45:25 PM

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Bloomberg: Liquidmetal's Swatch deal could prevent Apple Watch use
05:40 PM ET · LQMT
Liquidmetal's (OTCQB:LQMT +2.3%) royalty-bearing watch exclusivity deal with Swatch could prove a hurdle for the company now that Apple (its other big exclusive licensee) has entered the watch market, Bloomberg observes.
Analyst Rene Weber: "I suspect a third-party company would have to come to a legal agreement with Liquidmetal and Swatch before it could use Liquidmetal technology for a watch. For his part, Swatch CEO Nick Hayek calls Liquidmetal "ideal for watches because the alloy is extremely durable, flexible, and much harder than steel."
While Swatch has used Liquidmetal in some products (and plans to use it in more), Apple doesn't appear to have done the same, in spite of having made many patent filings related to the technology. Liquidmetal's shares dove following Apple's Sep. 9 event, after the company failed to mention Liquidmetal during the event.
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