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They’re working on sugar levels as well.
Blood Oxygen not glucose.
As of today you are spot on. All should read this article as it was released January 2022
https://www.healthline.com/diabetesmine/non-invasive-diabetes-technology#early-attempts
I have been an investor in both DexCom and Tandem as noted in one of my much earlier posts
I think the article will help all understand eventually it might happen. It takes $$$$ to make $$$$.
https://www.usnews.com/news/health-news/articles/2024-02-21/fda-warns-against-smartwatches-and-rings-that-claim-to-measure-blood-sugar-without-needles
FDA says the Only way to measure Blood Glucose is to keep on getting Pricked by Needdle. It has not Endorsed or "Approved" So Far, any other Methods( such as Radio Frequency).it was in local News all Week!
Another week passes and LQMT’s share price is up 3.847% from 0.052 cents to 0.054 cents on extremely weak trading volumes and little interest. The same when LQMT moves up or down.
Basically, another boring week imo, for LQMT.
Still no announcement of any new contracts going into 26 months. A reflection on management’s results in not attaining success or increasing shareholder value. Just living off of the (fat) cash burn from the ipo sellouts and partnerships.
Sounds terrible. But if there is anyone out there that can directly link LQMT to some positive progress (not theories) resulting in increasing shareholder value, by all means post it. I have looked. But, perhaps I overlooked something.
Share price is holding in the low pennies between the 0.05’s and 0.06’s as predicted. Future potential although weak, seems to be the catalyst along with an insider purchase for holding the pps up above 0.04 cents. It’s not FOMO. Otherwise the share price imo, already would have dropped below 0.03 cents.
As stated a gazillion times: with anemic trading volumes the share price means BUBKIS! and so too does another picture of a product using Liquidmetal, without the big long overdue 8K.
It’s a reflection imo, in the confidence of TC and others operating LQMT imo. Otherwise that ring pic and the forward worded commentary if any should have been worth raising the asking price somewhere above 10 cents. Never made it past .08 and change. The volumes too would have sustained above one million shares trading daily with new interest.
Perhaps in 2025 or 2026 LQMT might succeed and if they ever do make it in 2024, all in it will be very thankful and glad that they did.
FOMO lives and is probably the main reason why anyone holds on regardless of any other opinion at this time. Not wanting to take a loss at this point may be another.
I try to present a balanced view based on the facts not on the emotions of anyone hyping or bashing LQMT. I believe I nailed it correctly. This board has had it correct past and present from potential to expectations to hope to FOMO.
Unfortunately LQMT can still hit the 02’s. Not my wish. The performance of LQMT will decide that.
No matter what anyone’s view is for LQMT going forward. The fundamentals have not changed and every day LQMT’s trading data are reminders of that fact.
As stated before; From looking at events upcoming, the share price should hold from the 0.04’s and higher for the next two months. Beyond that point there is potential for a contract to correct the direction LQMT has been heading for the past seven years. Without it or new sources of revenues found from other endeavors, the trend south again can continue. Cash burn is a factor. Although right now LQMT has the cash to burn.
There doesn’t seem to be any enthusiasm for the upcoming 10K/10Q1. And with solid unfortunate reasoning.
Perhaps TC might give everyone a pleasant surprise in the next two weeks and announce another end of year conference call or should I say a one way outgoing conference call with no incoming dialogue from outside shareholders.
So far TC has not announced a end of year conference call as he did last year.
In any event with rings being shipped and no news of $$$ being received there is a real potential for the stock to head south again after the 10K to the 0.03’s and then the 0.02’s. Not something anyone would want or like to see happen.
The fact of no contracts being announced regarding the ring has already led to plausible theories.
Got an idea. Since LQMT is a contract company. Why not go on QVC and show the TV world the new ring made with Liquidmetal’s trade mark? And while they’re at it they can throw in the knife, the golf clubs, and all of the other great ideas they have:)
What a sad joke. Tout manufacturing capacity, new partnerships and just about zero new product to manufacture in five years.
Again, doesn’t sound too enticing to invest in, even at these low prices.
However, my bet is on one present and one former executive who hold at least 1 million shares and I’m not talking about LL, regardless of how low the SP goes.
Good luck to all in LQMT.
Wish TC and all of the executives luck.
Looks right now like 10Q2 will be the tell.
Sounds again and again like playing the 20th century game of kick the can. Hope I am wrong.
And it went up a whopping 3%....but granted there was more fluctuation during the day as traders went in and then out. Yes, the explicit manufacturing for the BMG
aspect should be Eontec/Yihao, but I do not see that published anywhere by anybody, including LQMT Valencia and MOVE. Maybe I missed it. Furthermore, the cross licensing agreement with Eontec our partner in China, can be cancelled, modified, or just ignored with no chance LL is going to sue them over performance.
I do wonder if the FDA blesses the ring if it can be categorized as a medical device instead of a CE device. Possible? And then there’s the tech Apple may very well want to get its hands on. The way Movano measures blood oxygen vs the way Apple was doing until it was ruled they are violating patents. Movano’s method is different. Either Apple can license Movano’s or just buy Movano. But maybe Apple is not making a stink w the LQMT material in the ring is because they don’t want to burn a bridge they themselves may very well want to cross. Soon.
This afternoon, MOVANO. Received a notice of acceptance for its patent for measuring blood glucose using radio frequency (RF)sensor technology. Volume is 10x the ADV.
OK if I check for a pulse first?
Does TC have eyebrows?
🤔 hmmm. :)
And if he does…can he be trusted to bring LQMT to success?
I don’t particularly like some people. But she is successful.
So which would you rather have success or eyebrows?
Being in LQMT for two plus decades leads me to conclude all in LQMT would rather have a successful outcome regardless of their appearance.
Good luck to you.
Whoopi? Never put your trust in someone who doesn't have any eyebrows.
The Oprah thing is a hoot! 13 years and still a recognizable name…..Must have been thinking about Whoopi.
Never said that I expected a windfall….If the piece of jewelry portion is $20-25, our cut would probably be in the $1-2 range if we are lucky. Only the most starry eyed unicorns would use $259 as the cost basis to calculate the royalty. Wrong….wrong ….wrong.
Expect nothing in Q4-2023 and maybe a very tiny amount in Q1-2024.
A question for all those who think that the Evie Ring will somehow squeak under the door and escape Apples' infinite loop:
For the sake of argument, let's say the Evie Ring is produced and sold. What part of the $300 per ring is going to end up in LQMTs coffers? 5 bucks??? Less???
The answer is we don't know. But I will caution all of you, the amount LQMT would receive will be dictated by Eontec. And it will be Eontec who decides when those funds are released to Liquidmetal.
So I caution all the well-wishers that A) these Evie Rings don't have a lot of margin and an eventual LQMT end is not a lot of money B) we operate at the will of Eontec and them releasing funds to LQMT for the production of Evie Rings will likely not be a check they want to cut. Any eventual check will not be prompt.
Other than that, Oprah Winfrey is retired and her famous TV show was discontinued 13 years ago.
I don’t think that Apple will react to he introduction of the EVIE ring because the PR associated with a corporate behemoth squashing tiny innovative companies. Then there is Oprah Winfrey asking Tim Cook to come on her show to explain Apple’s rationale for denying the women in the US something they want. If Tim Cook appears, he loses and if he declines, he loses. Next thing Elizabeth Warren will be initiating a congressional look-see into the happenings. It’s a minefield.
Second point…If LQMT is making the ring (through Yihao), it’s a circle of metal with a cut out for something to be added later. The surface is aesthetically modified and it looks much like a piece of jewelry. Yihao sells it to a third party (with a cut to LQMT per the PLA) and the next party adds the electronics (from OSRAM in Europe) and sends it to Movano for marketing/distribution. Apple already has enough legal issues in China/Europe and it appears that they have been technically “scooped” by OSRAM.
Here is where it gets a bit fuzzy….OSRAM Health is Austrian but I think it’s the old Sylvania and both are somewhat connected to Siemens (confirmed) so it becomes Apple taking on Siemens…looks like a Japanese Godzilla movie!
Has there been anything published on what entity is actually manufacturing the MOVE parts? Maybe I missed it?
The answer to that question might rest with FDA’s approval. However there are a lot of grey areas since most other rings combined claim to perform in the same manner without FDA approval.
There are several advantages for FDA approval and no disadvantages. Also, like some pharmaceutical drugs. All are not approved for insurance reimbursement. But that would be a great advantage in selling and buying the ring if Medicare and insurance companies added the ring to the list of covered products.
I don’t see that happening anytime soon. Not unless the organization AARP and prominent people puts pressure on insurance companies.
That too will not happen anytime soon.
Now specifically getting back to your question.
What you are really asking is the use of LQMT’s Liquidmetal trademark and formula a violation to any part of the Apple/LQMT agreements?
There are no grey areas there. So let’s play devils advocate. Let’s say the answer is 1000% yes!
Then Apple has 9 months in which to file a lawsuit. Otherwise it will become very difficult to fight the law of precedence, since none of the parties involved are hiding anything. It’s public knowledge to the extent of each party knowing what the other is doing.
It’s not a question of whether large sums of $$$$ or frivolous sums of $$$$ are at stake. It is a question of in your mind according to what you know. Is LQMT violating an agreement or not.
After November 2024 you will have your answer. No lawsuit and you can conclude either LQMT was granted a waiver per the agreement or there is no violation. To presume that there was a violation of the CE agreement and Apple did not want to pursue a lawsuit definitively would not be in Apple’s shareholders interest as it would be cause for encouraging more violations and loss of perceived revenues.
In the latter case, the shareholders could then sue Apple. Not a place to be as a ceo of a mega cap.
Now either way a company can call this type of product a medical device without FDA approval.
They just have to add a disclaimer. That’s all.
Good luck to you.
Which one of these rings is a medical device and which one is an electronic product?
I keep confusing them.
I think and as always, I could be wrong. But I believe, believe it or not. LQMT’s timeline might be a little sooner than the timeline of solid state EV battery and then the graphene EV battery.
LQMT has already taken a huge leap in the Evie ring, not just a step.
Where are the lawsuits if Apple is so concerned.
Another conspiracy theory without an iota of any proof!
He gave his father “the talk”
His passport requires no photograph
When he drives a car off the lot, its price increases in value
Once a rattlesnake bit him, after 5 days of excruciating pain, the snake finally died
His 5 de Mayo party starts on the
Hummm, this could be Pancho Villa ??? !!!!
That first patent link was hefty!
The technology development curve for wearable health monitoring devices is moving very quickly and one must be careful lest you develop the second or third best approach to solving the problem. The jury is still out on this one.
The in-depth understanding of the electrochemistry-thermophysics coupling regime is vitally important to maximize the battery performance in real operation and to accelerate the large-scale deployment of LMBs. Although various models to study these processes inside high-temperature all-liquid LMBs offer insights into optimization of cell design and operating conditions, more efforts are still needed to keep pace with the development of the battery chemistry for better LMBs.
The challenges associated with LMBs lead to disappointment, but new findings about the prospects of this emerging battery technology have broadened ambitions [41,42]. The operating temperature of LMBs is related to the screening of electrode materials and electrolytes, solubility of electrodes, wettability, energy density, energy efficiency, etc., so we comprehensively summarize various LMBs according to their operation temperature, 1) high-temperature LMBs (HT-LMBs) operating at above 350 °C, using molten salt electrolyte and two kinds of liquid metal or alloy electrodes; 2) medium-temperature LMBs (MT-LMBs) operating in the temperature range of 100~350 °C, using solid or liquid electrolytes and at least one liquid metal or alloy electrode; and 3) room-temperature LMBs (RT-LMBs) operating at or near room temperature, using solid or liquid electrolytes and at least one liquid metal or alloy electrode (Fig. 1). The recent advances in each type of LMBs are discussed by addressing their fundamental issues in terms of battery chemistry. Besides, the efforts of investigating multi-physics modeling of LMBs are also introduced which help to accelerate the deployment of LMBs for grid energy storage. https://www.sciencedirect.com/science/article/abs/pii/S240582972300082X
In my opinion, this is another warning shot by Apple saying “Don’t take another step LQMT”
https://appleinsider.com/articles/24/02/20/after-years-of-research-an-apple-smart-ring-may-be-imminent
I’m sure the unicorn and rainbow crowd sees this as an opportunity of parlayed winnings. “Boy oh boy! We are gonna have Evie Rings and Apple Rings!”
Now if they can just manufacture / ship them and my wife can get the one I ordered in November. We’ll see how it works. The FDA decision looms large. Then there’s the Evie showing up on Oprah’s list of great things to have. That probably broke their little website by itself.
Revelation….I just read the LiquidMetal “white paper” that talks about the radio frequency transparency of LM-105. The conclusion is that RF energy is easily transmitted through the amorphous material. I combined this with all the MOVANO patent technology to reach the conclusion that the use of amorphous metal for the ring is not just because it’s pretty jewelry but is actually a critical component that allows the transmission of the RF signal to the phone. This plays into the unique properties of the material that cannot be achieved by any other approach. LOVE IT!
Oh! Hello Watts. It's been a while....
Thoughts on our brand new, best friend Movano and their Evie ring?
Nor could it ever be. Only ignorant people conflate bulk metallic glass (BMG) with gallium, both of which have no relevance to each other. This conflation or confusion has been promoted on this board for more than fifteen years by people have no ability to read with understanding and logic. Hopefully, you are not one of those, and yet, you must have some purpose (agenda) in posting this link. Exactly, what is your point, here?
An outsider becomes an insider in move. Buys 10% plus.
How do we know? Simple…
The legal answer…
https://www.sec.gov/Archives/edgar/data/1734750/000121390022005510/ea154845-13gweiho_movano.htm
The www. answer…
https://www.gurufocus.com/insider/177071/william-tai-wei-ho
Another example of understanding what it means about a large insider purchase and the correlation to the direction of the share price.
But it does mean it is a bullish signal. It just takes longer for the seeds of start ups to grow and bare fruit 🍎.
Companies like LQMT and Movano are not mega caps. They are not even small caps. They are high risk reward micro dice rolling caps. The former with a long record for disappointing outside shareholders in my opinion.
Good luck to all in LQMT.
Wish TC luck.
Another too bad. Too bad he didn’t buy 11% in LQMT. That would have been at least a 45 million share day. :)
Thanks for the succinct feedback….glad you kept it under 6 paragraphs.
Not interested in what you buy in any company.
Guess you missed this in early December….I picked up a small quantity of MOVE (<1000) after I read this. Another option without an expiration. Thinly traded…made me cautious.
Paragraphs 4,5,6&7…
https://www.sec.gov/Archives/edgar/data/1734750/000121390023090755/ea189141ex99-1_movano.htm
Iron out the kinks now. Because if those paragraphs are approved by the FDA. Sales will explode and exceed everyone’s expectations in the ring.
Now as far a LQMT is concerned since they have remained silent regarding $$$$.
What the heck did you do, accept shares of MOVE for cash at a later date???? Or charged a small fee in lieu of outsourcing manufacturing????
A good time for the LQMT COO, to speak up would be now.🤫 I’m not holding my breath :)
Good luck to all in LQMT.
Wish TC luck.
Your comment reminded me of Robert Schuller (the TV evangelist) who needed $6 million to build his “Cathedral of Tomorrow” back in the 1960s ……he wrote a book about raising the money….” I could get one donor to give me $6 million or 6 to give me a million or a million to give me $6.” If it were possible to sell 5 rings for a $1 million each would get us to our $5 million goal.
OFF THE RESERVATION AGAIN!
Movano’s credibility as a supplier has been damaged by their inability to ship as promised. OK …they are scrambling to recover and the last thing they want to do is pick a future date that they won’t meet. The result is to leave it “up in the air” until they have better visibility. It doesn’t help their image but it keeps them from falling further into the abyss.
I really hope that the supply issue is just a product mix/logistics thing and not something more fundamental with the LiquidMetal or the electronics. The logistics thing is a better problem…too much demand!
Every SpO2 sensor I’ve researched uses an infrared beam (IR) to sense the oxygen and measures the attenuation of certain frequencies to infer the oxygen level. The Movano technology uses energy in the RF (radio frequency) range to make its determination and that is the basis of their patents. The approach looks to be unique so we will see how this unfolds.
I don’t think price was the issue/or the solution. Demand outstripped supply and everyone is currently scrambling. Modulating demand with price is the wrong approach.
Can we all agree that the ring is/was priced too cheap?
Maybe Oprah’s website caused an unexpected demand boost.
https://www.oprahdaily.com/style/g46673849/o-list-winter-wellness/
#14 is better than not being on the list I would hope.
So imagine you have a start-up company launching your first product and you decide to make 20,000 rings (representing $5MM in sales) . First problem …3 colors and 5 sizes so how many of each do you initially make? You will always be wrong in anticipating the customer demand pattern.
Second problem….logistics since the rings come from China and the electronics (Osram) are from Europe (at least initially)….hopefully the electronics will be only one size…compatible with the size 5 ring. All this is new and they need to work out the kinks. Total staffing is under 100 so compare that to an Apple when they can throw 1000 bodies at a SNAFU when it pops up.
Good news…everything is tiny so they travel by air very well!
Another take. Anything is possible.
https://www.reddit.com/r/eviering/comments/1asy8wy/some_comments_on_the_important_evie_ring_shipping/
There is a lot to blame on movano from the story. But it in no way if true, does it excuse the COO in LQMT, if there is one from coming clean and separating the facts from the fiction. Especially, when there are a sheet load of more selling the stock then buying the stock and LQMT barely finished the week above the 0.04’s.
It is obvious movano has problems.
Those who do not know the difference between bashing and reality obviously have not a clue if they are in Kansas or the land of Oz.
Good luck to all in LQMT
Wish TC luck.
With Movano currently saying that the Evie Ring is now out of stock and preventing any new orders, you all might guess what skeptical me has to say about this new development.
You'd be right, I think that pesky Apple MTA has gotten in the way of this whole Movano/LQMT relationship. Thats why orders are not shipping. Thats why Movano is not even taking deposits for new orders--yeah, a business that is not accepting money. And apologies to @D-Mart I call bullshit on Movano saying that some Evie rings have shipped; I can't seem to find any unboxing videos online.
So yeah, I think it's the Apple MTA. 'Cause it sure as hell couldn't be our partners in that intricately constructed MAZE that can't seem to produce an order, could it?
Another week passes and LQMT’s share price is down 10.4066% from 0.05804 cents to 0.052 cents on extremely weak trading volumes and little interest. The same when LQMT moves up or down.
Still no announcement of any new contracts for 25 months. A reflection on management’s results in not attaining success or increasing shareholder value. Just living off of the (fat) cash burn from the ipo sellouts and partnerships.
Sounds terrible. But if there is anyone out there that can directly link LQMT to some positive progress (not theories) resulting in increasing shareholder value, by all means post it. I have looked. But, perhaps I overlooked something.
The only hints of LQMT breathing right now come from a couple of new blog posts. An industrial invite and a trade show on the west coast. I think that is great. But we don’t get follow ups. No stories of the fish taking the bait not even a goldfish let alone a whale.
Share price is holding in the low pennies between the 0.05’s and 0.06’s as predicted. Future potential although weak, seems to be the catalyst along with an insider purchase for holding the pps up above 0.04 cents. It’s not FOMO. Otherwise the share price imo, already would have dropped below 0.03 cents.
Although the volumes are still extremely anemic there was a lot of selling. The share price just barely holding above the 0.04’s by less than a hair
As stated a gazillion times: with anemic trading volumes the share price means BUBKIS! and so too does another picture of a product using Liquidmetal, without the big long overdue 8K.
It’s a reflection imo, in the confidence of TC and others. Otherwise that ring pic and the forward worded commentary if any should have been worth raising the asking price somewhere above 10 cents. Never made it past .08 and change. The volumes too would have sustained above one million shares trading daily with new interest.
Never happened. Could be a good thing too as LQMT never offered up any hard fluff to entice new interest. No outside PR.
Perhaps in 2025 or 2026 LQMT might succeed and if they ever do make it in 2024, all in it will be very thankful and glad that they did.
FOMO lives and is probably the main reason why anyone holds on regardless of any other opinion at this time. Not wanting to take a loss at this point may be another.
I try to present a balanced view based on the facts not on the emotions of anyone hyping or bashing LQMT. I believe I nailed it correctly. This board has had it correct past and present from potential to expectations to hope to FOMO.
Unfortunately LQMT can still hit the 02’s. Not my wish. The performance of LQMT will decide that.
No matter what anyone’s view is for LQMT going forward. The fundamentals have not changed and every day LQMT’s trading data are reminders of that fact.
As stated before; From looking at events upcoming, the share price should hold from the 0.04’s and higher for the next two months. Beyond that point there is potential for a contract to correct the direction LQMT has been heading for the past seven years. Without it or new sources of revenues found from other endeavors, the trend south again can continue. Cash burn is a factor. Although right now LQMT has the cash to burn.
There doesn’t seem to be any enthusiasm for the upcoming 10K/10Q1. And with solid unfortunate reasoning.
Perhaps TC in the next two weeks might give everyone a pleasant surprise in the next two weeks and announce another end of year conference call or should I say a one way outgoing conference call with no incoming dialogue from outside shareholders.
In any event with rings being shipped and no news of $$$ being received there is a real potential for the stock to head south again after the 10K to the 0.03’s and then the 0.02’s. Not something anyone would want or like to see happen.
The fact of no contracts being announced regarding the ring has already led to plausible theories.
However, my bet is on one present and one former executive who hold at least 1 million shares and I’m not talking about LL, regardless of how low the SP goes.
Good luck to all in LQMT.
Wish TC and all of the executives luck.
Looks right now like 10Q2 will be the tell.
Sounds again and again like playing the 20th century game of kick the can. Hope I am wrong.
More crickets 🦗 🦗 🦗.
It’s like the point of view which many may have, when an insider in LQMT buys shares in LQMT the share price must be going up up and up. It could not ever possibly go down first, only because I said so will a few disagree, even when proven wrong. Well, from .0301 to .083 to .0501 is not up! And in the case of TC believe it or not it is barely down from his purchase price. Not quite the same with LL from .061 to .44 to .0501 he is not up! He is down. Two big insiders buying and where is LQMT now?
Do not let a few skew you from reality. There is the past performance of management and the present performance of management. But neither performance can guarantee success. Both have failed to this day and although past and present management have a factual dismal record imo., it doesn’t mean success cannot be achieved. It is just harder to believe it can be with what the company has become and who is left. The material is the constant and the difficulties to become adopted by many are real.
The facts which matter unfortunately right now are the claims of amorphous metal expansion, amorphous metal contracts, amorphous metal growth from those other companies competing for a piece of the future amorphous metal pie.
The hope in LQMT are: are the options worth something? Will the insiders shares ever go up up and up? Will LQMT insiders ever get a slice of the pie big enough to share with the outside shareholders.
I did not coin the acronym but it (LQMT ) defines it. FOMO!
Fear Of Missing Out!
It’s the only correlation I see right now between buying and holding.
Good luck to all in LQMT.
Wish TC luck.
There has been too many too bads since the ipo.
All need just one too good to be true to come through.
Now that is funny. I needed that.
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Moderators PatentGuy1 Almosthere |
Liquidmetal® Technologies (ISO 9001:2008 certified) is a leading force in the research, development and commercialization of amorphous metals. Our revolutionary class of patented alloys and processes form the basis of high performance materials in a broad range of medical, military, consumer, industrial, and sporting goods products.
Discovered by researchers at the California Institute of Technology, Liquidmetal alloys’ unique atomic structure enables applications to achieve performance and accuracy levels that have not been possible before. The revolutionary class of patented materials technology redefine performance and design paradigms institutionalized by traditional materials.
As Liquidmetal Technologies controls the intellectual property rights with more than 70 U.S. patents, these high performance materials are dramatically changing the way companies develop new products.
LINKS
Featured: Automotive Pressure Sensors, 9.36 billion market by 2020
1. LiquidMetal Website
2. LiquidMetal Manufacturing Facility
3. OTC Market Report
4. Engel Liquidmetal Forum (Nov 2015)
5. ENGEL Symposium 2015
6. ENGEL Interview on Liquidmetal
PATENTS (USPTO)
1. Search Crucible Intellectual (Apple and LiquidMetal R&D)
2. Search Apple and LiquidMetal
3. Search Cross-license Patents w/Eontec
4. Search Vitreloy
5. Search Pre-grant Patents
VIDEOS
1. OMEGA Liquidmetal Bezel
2. ENGEL e-motion 110T
3. Liquidmetal Bouncing Ball
CORPORATE GOVERNANCE - BOARD OF DIRECTORS
Professor Lugee Li, Chairman
Professor Li was appointed as a member of our board of directors in March 2016 and became Chairman of our board of directors in October 2016. Professor Li is the founder, Chairman, and majority stockholder of DongGuan Eontec Co. Ltd., a Hong Kong company listed on the Shenzen Stock Exchange engaged in the production of precision die-cast products and the research and development of new materials. Professor Li founded Eontec in 1993 and has served as Chairman since that date. At Eontec, Professor Li is responsible for strategic development and research and development. Professor Li is also the founder and sole shareholder of Leader Biomedical Limited, a Hong Kong company engaged in the supply of biomaterials and surgical implants. Professor Li serves as an analyst for the Institute of Metal Research at the Chinese Academy of Sciences and serves part-time as a professor at several universities in China.
Abdi Mahamedi, Vice Chairman
Abdi Mahamedi has served on our board of directors since May 2009 and became Vice-Chairman of our board of directors in October 2016. Since 1987, Mr. Mahamedi has served as the President and Chief Executive Officer of Carlyle Development Group of Companies (“CDG”), which develops and manages residential and commercial properties in the United States on behalf of investors worldwide. At CDG, Mr. Mahamedi evaluates and supervises all of the investment activities and management personnel. Prior to joining CDG, Mr. Mahamedi founded Emanuel Land Company, a subsidiary of Emanuel & Company, a Wall Street investment banking firm, and served as a managing director for Emanuel Land Company from 1986 to 1987. In 1983, Mr. Mahamedi received his B.S.E. degree in Civil and Structural Engineering from the University of Pennsylvania, and in 1984 he received his M.S.E. degree in Civil and Structural Engineering from the University of Pennsylvania.
Isaac Bresnick
Currently serves as Legal and Regulatory Affairs Director for the Leader Biomedical Group, a private company based in Hong Kong and operating from Amsterdam, the Netherlands, and has served in that role since October 2014. At Leader Biomedical, Mr. Bresnick is responsible for the direction and management of legal affairs, regulatory affairs, quality control, and quality assurance, as well as for advising executive management of Group companies. Mr. Bresnick also currently serves as Director of AAP Joints GmbH, a private company in Berlin, Germany, and has served in that role since July 2013. Mr. Bresnick received his J.D. from the University of Connecticut School of Law in 2013, and his B.S. in Industrial Design from the University of Bridgeport in 2008. After completion of his undergraduate studies and continuing through his enrollment at UCONN Law, Mr. Bresnick worked as Senior Arrangements Designer for Electric Boat Corporation, a subsidiary of General Dynamics, from June 2008 to December 2012.
Vincent Carrubba
An experienced corporate leader and serial entrepreneur with extensive senior executive, technical and manufacturing experience. Mr. Carrubba has created and guided new products to success in the consumer goods, electronics, automotive and construction industries and has conceptualized, financed and built factories and developed new manufacturing technologies throughout Asia. From September 2014 through the present, Mr. Carrubba has served as the CEO of Admiral Composite Technologies Inc. (“Admiral”), where he has developed new technologies for environmentally responsible and innovative building materials which represent Admiral’s product lines. Mr. Carrubba has also served as Admiral’s Chairman since its inception in 2009. From September 2014 through the present, Mr. Carrubba has served as the CEO of Asia Sourcing & Communications USA Inc. and he has served as its Chairman since its inception in 2013. From 2002 through August 2014, Mr. Carrubba served as the Director of R&D for Interdynamics Inc., IDQ Holdings, where he was responsible for all R&D and QC matters, including the management of engineering, legal, patenting, regulatory, insurance and consumer relations matters. From 1989 through 1992, Mr. Carrubba designed and installed the New York Stock Exchange telecommunications and information technology systems. Mr. Carrubba has held engineering and executive positions with Xerox, General Electric, Bristol-Meyers Squibb and AT&T and he is the inventor of several patents related to telecommunications, professional tools and consumer products. Mr. Carrubba received a Bachelor of Arts degree in Engineering Science and a Bachelor of Science Degree in Mechanical Engineering from Columbia University SEAS in 1982.
Tony Chung
Mr. Chung was appointed to our board of directors in August 2017. Mr. Chung had previously served as the Company’s Chief Financial Officer from December 2008. Prior to joining the Company, Mr. Chung served as CFO at BETEK Corporation, a real estate and investment subsidiary of SK Engineering and Construction, and as CFO of Solarcity, a company providing advanced solar technology and installation services. Mr. Chung is a Certified Public Accountant and served eight years at KPMG as an Audit and Consulting Manager for several large multinational companies. He received his B.S. degree in Business Administration from the University of California, Berkeley. Mr. Chung is also an Attorney at Law and received his J.D. degree from Pacific Coast University School of Law.
Reporting Status | U.S. Reporting: SEC Reporting |
Audited Financials | Audited |
Latest Report | August 4, 2020 10Q |
CIK | 0001141240 |
Fiscal Year End | 12/31 |
OTC Marketplace | OTCQB |
Market Value1 | $129,851,894 | a/o Sep 24, 2020 | |
Authorized Shares | 1,100,000,000 | a/o Dec 31, 2016 | |
Outstanding Shares | 914,449,957 | a/o Sep 24, 2020 | |
-Restricted | Not Available | ||
-Unrestricted | Not Available | ||
Held at DTC | Not Available | ||
Float | 487,690,350 | a/o Dec 31, 2017 | |
Par Value | No Par Value |
Shareholders of Record | 217 | a/o Dec 31, 2017 |
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