Liquidmetal Technologies Inc (LQMT)

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Liquidmetal Technologies targets larger parts up to 300 g

Liquidmetal® Technologies, Inc. has announced that it has ordered its first amorphous metal moulding machine from its licensee, Eontec Co., Ltd. The machine design is based on a die casting platform and, it is stated, is complementary to the injection moulding machine developed with Engel. Delivery of the machine is expected in March 2017. Paul Hauck, Executive Vice President of Sales and Marketing, stated, “The machine technology that we are purchasing from Eontec will allow the manufacture of larger parts, up to 300 g, and will allow us to offer lower cost parts made possible with larger higher-cavitation moulds. The machine capabilities from both Eontec and Engel are expected to significantly broaden the number of possible applications across multiple markets. In parallel to this order, our sales team is reviewing past customer opportunities for candidate parts that could be served with the larger capacity machine.” On January 24th, 2017 Liquidmetal® Technologies, Inc. announced that it had entered into an agreement for the purchase of an 41,000 ft2 building to be used as a new manufacturing facility. The building is located in Lake Forest, California, and the purchase price was given as approximately $7.8 million. The company expected to close the property purchase on February 17th, 2017. Commenting on the purchase, Prof Lugee Li, Chairman and CEO at Liquidmetal Technologies, Inc., stated, “We are very excited about the purchase of our new corporate office and manufacturing facility. The new facility will allow us to expand our manufacturing capabilities in line with our overall strategy to prepare the Company to be the global leader in amorphous alloy production.” Prof Lugee Li is also the Chairman and majority stockholder of DongGuan EONTEC Co., Ltd., a publicly traded company on the Shenzhen Stock Exchange specialising in new materials developments including bulk metallic glasses and medical grade magnesium for implants.