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total land area of 35,000 square meters
assuming triple decker built,
translate into office/mfr space to be 1,000,000 sq ft
25x LF
Not too shabby in size.....wouldn't you say
Eon 2024
http://www.e-ande.com/uploadpic/info/1206467546.PDF
Stock code: 300328
Securities abbreviation: Eontec Announcement No.: 2019-057
Eontec Co., Ltd.
Announcement on the signing of the project investment framework agreement for wholly-owned subsidiaries
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the information disclosure, and there are no false records, misleading statements or major omissions.
Special Note:
1. This agreement is only a framework agreement for project investment, and it is a framework and intentional agreement of the parties' willingness to cooperate and basic principles. This agreement involves the implementation and implementation of follow-up work. It is still necessary for the parties to the agreement to further implement and promote it, and will also sign relevant agreements or documents as needed, and there is still uncertainty. The follow-up progress of this agreement, the company will perform the corresponding review procedures and information disclosure obligations in accordance with relevant regulations, and investors are advised to pay attention to investment risks.
2. This agreement is a framework agreement, and the impact on the company's 2019 annual operating results is subject to the implementation and implementation of the follow-up work of the parties to the agreement.
3. This Agreement does not constitute a connected transaction, nor does it constitute a major asset restructuring as stipulated in the Measures for the Administration of Major Asset Restructuring of Listed Companies.
4. Progress of the framework agreement signed by the company in the last three years
Serial number
Name of the framework agreement disclosed in the last three years
Date of disclosure
The progress
1
"Eontec and Zhongyue Amorphous Strategy Cooperation Framework Agreement"
February 8, 2018
The two sides did not reach a cooperation in agreement, cooperation has been terminated.
2
"Eontec and China Auto Parts Workers Industry Co., Ltd. Strategic Cooperation Framework Agreement
August 13, 2018
In the normal performance, no formal cooperation agreement has been signed.
3
"Shenzhen Shenke Special (Qingxi Section) Cooperation Framework Agreement
December 19, 2018
In the normal performance, no formal cooperation agreement has been signed.
I. Basic information of this agreement
(I) Signing of this agreement Eontec Co., Ltd. (hereinafter referred to as "Eontec" or "Company") wholly-owned subsidiary
Shenzhen Eon Liquid Metal Co., Ltd. (hereinafter referred to as “Party B”) and Dongguan Qingxi Town People's Government (hereinafter referred to as “Party A”) are based on the principle of equality, mutual benefit and common development, and are negotiated by friends in 2019. On November 22nd, the “Eontec Liquid Metal Project Investment Framework Agreement” (hereinafter referred to as “this Agreement”) was signed.
(2) The situation of the other party to this agreement
The other party to this agreement is the Qingxi Town People's Government of Dongguan City. The company has no relationship with the People's Government of Qingxi Town, Dongguan City.
Second, the main content of this agreement
(I) Project Name: Eontec Liquid Metal Project (hereinafter referred to as “the Project”). This project is based on business content: liquid metal project development and manufacturing.
(II) The total investment of the project is RMB 380 million.
(III) Location and area: The project is located in Changshantou Village Industrial Zone, Qingxi Town, with a total land area of ??35,000 square meters (subject to actual transfer).
(IV) The land use, the nature of the right and the useful life (subject to the actual transfer agreement).
(V) Ways of obtaining: Introducing the market for public transfer by listing.
(VI) Land price: The land use right of the project is listed on the market.
(If the market evaluation price is lower than the benchmark land price of the land, it will be set according to the benchmark land price, hereinafter referred to as the land price). The final sale price will be subject to the approval of the municipal land bidding and leading group. The price does not include deed tax, stamp duty, and transaction. The service fee, measurement fee, land registration fee and land certificate fee shall be paid by Party B.
(VII) Land delivery: Party A shall deliver the land use right to Party B according to the current conditions, and shall be responsible for the three links (ie, water, electricity, and access to the red line of the land).
(VIII) The construction period of the project is 24 months. The project will start construction before December 2020, and will be completed by December 2022 and passed the acceptance of relevant departments. The project will be put into production before June 2023 and will be completed by December 2023.
Third, the impact on the company
The project is in line with the company's strategic development needs. Successful implementation will help to enhance future development space, enhance liquid metal R&D resource utilization capacity, enhance liquid metal production capacity, expand liquid metal product market share, and build industry-leading liquid metal industrialization technology and Applying highland to provide support and guarantee for the company's sustainable development, and inject momentum into the company's future development.
Fourth, major risk tips
1. This agreement is only a framework agreement reached between the two parties through friendly negotiation, involving the implementation and implementation of follow-up work. It is still necessary for the parties to the agreement to further implement and promote, and will also sign relevant agreements or documents as needed, and there is still uncertainty. Sex. The company will pay close attention to the progress of the above matters, and perform the corresponding review procedures in accordance with the "Shenzhen Stock Exchange GEM Listing Rules", "Shenzhen Stock Exchange GEM Listed Companies Standard Operation Guidelines" and "Articles of Association" and other relevant regulations. And information disclosure obligations.
2. The land use right of the project still needs to be marketed for public sale by listing. There may be risks of unsuccessful bidding. In addition, the implementation process may be affected by factors such as national laws and regulations, national or local policy adjustments, etc. There is a risk of delay, change or termination.
3. As of now, the company's controlling shareholder and shareholders holding more than 5% of the shares held by the company are all unrestricted shares. As of the date of this announcement, the company has not received a notice from the controlling shareholder and shareholders holding more than 5% of the shares to reduce the company's shares in the next three months.
V. Documents for reference
(I) "Eontec Liquid Metal Project Investment Framework Agreement"
Special announcement.
Eontec Co., Ltd. Board of Directors
July 22, 2019
It is a "shell" waiting for something to fill (biodegradable magnesium nail).
It is expected to be CE certified very soon. Yes, it will be used in the West before the East.
FDA US has to be taken care of by some US entity.
Note CE mark is not to be confused with Consumer Electronics
5.2. Improvements and Derivatives (for 106c)
Unless otherwise specified in the applicable Development Agreement,
all improvements and further developments of the Technologies by the parties during the Joint Development Period (“Derivative Technologies”) will be owned and licensed as follows:
(i) technologies developed solely by one party will be owned by that party, but shall be included as a Licensed Patent or Licensed Technical Information (as the case may be) hereunder, and
(ii) technologies developed jointly by the Parties will be jointly owned by the Parties but shall be included as a Licensed Patent or Licensed Technical Information (as the case may be) hereunder.
Notwithstanding the foregoing,
all derivatives of a party’s (LQMT) Trademarks (LM106c)
shall be owned exclusively by that party (LQMT).
all derivatives of a party’s (Eontec) Trademarks (xxxxx)
shall be owned exclusively by that party (Eontec).
Eontec IP (documented within PLA) can be reached by LQMT (hence Apple did have ROFR to acquire) if NOT EXCLUDED via CE clause.
106c is new development per section 5.1/2 of PLA. It has nothing to with IP cross licensing.
LM106c labeling is telling us how Lugee view LQMT as a BRAND.
JDA should be had but not mandatory in any form of time pressure until $$$ started to be shared.
Hindsight is always 2020.
Foresight however is priceless.
Some like to invest in blue chip or post IPO.
Some like to invest in pink penny or being VC.
Risk / reward is significantly different.
I recommend all investor should understand “consequence” of your investment. That to me is the most important thing.
My investment objective is for Alzheimer.org.
Enough said.
They don’t write words in agreements for no reason...like the No CE statement..
YiHao is subsidiary 60% owned by Eon.
Eon (mfr core group) has not been involved in BMG to my understanding.
Their stock price mirror LQMT.
This is what the lawsuit about........LOL
It is not just about KANG.
It is for SET PRECEDENCE.
LQMT decided to spend money and associated risk to certify LM106c.
Reasons can be follows:
1. There is no immediate short term revenue for medical market.
2. There is however a long term medical market and/or committed revenue.
3. LM106c prototyped has been form/fit/function approved by potential customer.
4. Volume of the (medical market + other unknown market) is bigger than Lake Forest can EVER handle.
5. Size of that market is about 25 machines worth. 90 (reported by LMQT) - 65 (reported by Eon).
6. Materion failed to comply with pricing need.
7. LQMT and/or YiHao is not about to buy 50 Engel machines (to match size never mind thruput of Eon machines).
8. There is absolutely no reason to carry and support two alloys and two machines if there is no short term significant return. Lugee call the bluff and Hulck Hogan choke.
Arms length is about Accounting.
Google has many startups that is invisible in their corporate accounting.
L.K. is an arm length away from the JV.
Check my Maze.
It is labeled as LM106c (not Vit106)
That’s all the matter.
Caltech owns the patent on Vit105 and Vit106
LM105 was a spin-off from Vit105 back in 2014.
LM106c (previously called DC-106c......Hmm) is a spin-off from Vit106 after CIP cookie jar was closed on March 2016.
Check the formalization on them. They are slightly different than Caltech “Vitreloy classic”.
“Salt and pepper” is public domain. Not all salts and pepper are created equal. Every chef also have their own little add on secret spice.
It is the “end dishes” that matter.
With that being said, Beryllium is toxic and there is no way around it (classic or not).
We will enjoy the advancement of liquidmetal soon.
Purchased by the whale
For Mid Frame market, 800 to 1000 machines are needed.
Yield rate is 1K/day/machine. This says 360 million units (25% of cell phones) or $7.2 Billion US per year.
This is clearly a "license" play to the Tier 1 Whales. 5% royalty/ingot will net $360 million US per year. That's plenty to share amongst "partners"
With machines cost at $500K US each, this will be $500M US revenue to LeKon Equipment (which is owned by Eon at 40%, LK at 35% and HK LiquidMetal Ltd at 25%).
Keep in mind HK Liquidmetal Ltd is the 46% owner of LQMT.
Public Rev figure will only show up in Eon though (within their next 10K in 03/20)
Follow the machine, it is the leading indicator (by at least a quarter).
One year old ALL IN ONE Slide Pack
https://wemp.app/posts/d5248c58-b1ba-4db8-bbcc-ce982472d34a
Near term revenue will move the needle but whale watching is what will spike the needle.
Financial detail is seldom disclosed by public company.
No CFO wants to deal with "you told us so and so"
This seems to say CE in US has been negotiated thru all parties at stake.
For Microsoft case, it probably will not require special gears since there is no screen to extend like Huawei.
However simple micro hinge still need two basic requirements
Low tolerance spec
Infinite life Cycle
Lifetime finish since it is external
Huawei Mate X vs Galaxy Fold vs Microsoft Duo
https://9to5google.com/2019/02/24/huawei-mate-x-foldable-specs-display/
When unfolded, the Huawei Mate X is just 5.4mm thin. Even when folded, the entire device is 11mm thick
In its folded state, the Galaxy Fold is 17.1mm thick
Unfolded, it's a reasonable 7.6mm thick.
No need to look at the Toe for short term.
Whale commitment (or not) and its financial linkage to LQMT is what will move the PPS.
Near term financial (until it hits millions) will have no significance.
IMHO.
Buffering can be utilized by customer’s purchasing manager in many different way.
Their job in life is to make sure their main business will not be disrupted by LQMT operation (via offshore) change.
Accounting is also a funny game. Look at all the Huawei suppliers got benefited big time while Huawei was buffering the past 3 years. POTUS action might change their financial performance in all kind of way.
For those who only cares about ACCOUNTING statement,
One should look for Q3 might be profitable
https://liquidmetal.gcs-web.com/news-releases/news-release-details/liquidmetal-technologies-reports-second-quarter-2019-results
we have received orders from all current customers to produce buffer inventories to sustain them through our transition to outsourced manufacturing. The majority of these buffer orders are scheduled to be completed by the end of the third quarter.
This is the holy grail patent that was licensed ONLY to Apple (NOT TO CIP) somehow back in 2015.
https://patents.google.com/patent/US10131022B2/en
Application US14/396,265 events
2012-04-23
Application filed by Apple Inc
2012-04-23
Priority to PCT/US2012/034680
2015-01-14
Assigned to APPLE INC.
2015-05-07
Publication of US20150121677A1
2018-11-20
Application granted
2018-11-20
Publication of US10131022B2
2019-10-01
Application status is Active
2035-01-09
Adjusted expiration
Forming an amorphous alloy frame for electronic hardware and flat panel displays is disclosed in U.S. Pat. No. 6,771,490, the disclosure of which is incorporated by reference herein in its entirety. The frame is formed and then the remaining components of the electronic device are attached thereto. Specifically, the overall assembly that includes the metal frame and optionally a glass or transparent component (and other electronic components) inserted therein are held together by a press fit, using adhesive materials, and/or using mechanical structures such as screws. If the tolerance matches between the metal frame and the other components are not strictly maintained, the integrity of the overall assembly may be compromised. For relatively small assemblies, maintaining critical tolerances between metal frames and glass components such that tolerance mismatches are unlikely to occur may be difficult.
A metal frame for electronic hardware and a method of manufacturing such a frame wherein at least a portion of the frame is made of bulk-solidifying amorphous alloys or bulk-solidifying amorphous alloy-composites is provided. The metal frames of the invention are preferably made of bulk-forming amorphous alloys or bulk-forming amorphous alloy-composites having an elastic limit for the metal frame of at least about 1.5%, and preferably greater than about 2.0%, a &Dgr;Tsc of more than 30° C., and at least one of the following properties: a hardness value of about 4 GPA or more, and preferably 5.5 GPA or more; a yield strength of about 2 GPa or more; a fracture toughness of about 10 ksi-sqrt(in) (sqrt:squre root) or more, and preferably 20 ksi sqrt(in) or more; and a density of at least 4.5 g/cc or more.
ASUS Flip Camera Hinge
https://giphy.com/gifs/dXimCZARCcVy4FrqCf/html5
You really do believe that LQMT is going to get license revenue from CE?
they did publicly update us on CE in 2018 10k, fyi.
what phone is this from?
no obligation to update publicly any forward looking statements
Forward-Looking Statements
This Annual Report on Form 10-K of Liquidmetal Technologies, Inc. contains “forward-looking statements” that may state our management’s plans, future events, objectives, current expectations, estimates, forecasts, assumptions or projections about the company and its business. Any statement in this report that is not a statement of historical fact is a forward-looking statement, and in some cases, words such as “believes,” “estimates,” “projects,” “expects,” “intends,” “may,” “anticipate,” “plans,” “seeks,” and similar expressions identify forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual outcomes and results to differ materially from the anticipated outcomes or results. These statements are not guarantees of future performance, and undue reliance should not be placed on these statements. It is important to note that our actual results could differ materially from what is expressed in our forward-looking statements due to the risk factors described in the section of this report entitled “Risk Factors”
(Item 1A of this report) as well as the following risks and uncertainties:
? Our history of operating losses and the uncertainty surrounding our ability to achieve or sustain profitability;
? Our limited history of developing and selling products made from our bulk amorphous alloys;
? Our limited history in licensing our technology to third parties;
? Lengthy customer adoption cycles and unpredictable customer adoption practices;
? Our ability to identify, develop, and commercialize new product applications for our technology;
? Competition from current suppliers of incumbent materials or producers of competing products;
? Our ability to identify, consummate, and/or integrate strategic partnerships;
? The potential for manufacturing problems or delays; and
? Potential difficulties associated with protecting or expanding our intellectual property position.
We undertake no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
One would think anyone (in doubt) can request this very flyer via the website.
Does LQMT (or most companies) have a history of posting Sales Flyer in their website?
Yes, we should have given Mowo credit for digging this out. He did provide the link below.
https://www.linkedin.com/posts/liquidmetal-technologies_liquidmetal-expanded-production-activity-6575066121127493633-cMx0
Is this close enough to a match?
https://www.ifixit.com/Teardown/Huawei+Mate+20+Pro+Teardown/114159
Josh, are there two different variants of 106C? One with Rhenium (Re) and one without?
Li's presentation at one point showed Rhenium (Re) in 106C.
Correct.
non Re came from Cal Tech originally