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Here's Lugee's answer for mid frame capacity back in Nov 2017.
It is old news. I posted it back in 2018
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=140567204&txt2find=lugee|presentation
https://mp.weixin.qq.com/s/ppmE9uudMlRCOaxO87yBKQ
300-C
Duty Cycle : 75s
Biggest size : Ingot-300g, product-200g
Existing machines : 10
500-C
Duty Cycle : 90s
Biggest size : Ingot-500g, product-350g
Existing machines : 18
1000-C
Duty Cycle : 110s
Biggest size : Ingot-1000g, product-700g
Existing machines : 2
Material : 100 tons per month
Machine: 30
(cell phone mid frame : 1 million / month)
Hence it was 18 500-c that produced 1 million mid frames per month
Now fast forward to 2019
Eon reported they have 45 machines on mid year and 20 mores by the end of the year
Somehow LQMT reported they have 45 machines on mid year and 45 mores by the end of the year
This implies 25 machines are reserved for LQMT business while 65 machines are reserved for Eon business
25 machines can produce close to 20 millions mid frames per year ($500 millions revenue)
This assumes 500-c machines are the work horse. Of course, 1000-c machines will double the number.
IATF 16949 (year-end 2019)
https://www.nqa.com/en-us/certification/standards/iatf-16949
The IATF members:
BMW Group
FCA US LLC
Daimler AG
FCA Italy Spa
Ford Motor Company
General Motors Company
PSA Group
Renault
Volkswagen AG and the vehicle manufacturers respective trade associations – AIAG (U.S.)
ANFIA (Italy)
FIEV (France)
SMMT (U.K.)
VDA QMC (Germany).
Note Tesla is not part of that group
This might imply one of this auto manufacturer has latched on
Foxconn (and other whales) would be under license deal of machines for minimum buy of 200
40 million parts being mapped to 90 machines is a very interesting statement.
Those numbers are for midframe parts
They are not for camera bracket / sim tray / hinges.
Those parts are much smaller. Many more parts can fit within one shot of ingot.
Mid frame (being a hollow rectangle) is extremely wasteful
Consumer Electronics wording
And
Consumer Electronics parts
are clearly spell out in here
Someone should check out iPhone X Face ID bracket to see if it match
Don’t forget iPhone XI can have a different bracket due to expanded angle of view (rumor feature)
This latest Q&A from Eontec stated 65 machines by year end with 45 currently
LinkedIn post from LQMT stated 45 currently with 90 by year end
This says Yihao has 25 machines (being build up) to satisfy non-Eontec business.
Hmm........
He sold 7.33% of company shares
or 24% of his own shares (which WAS 29.7% of company shares)
7.33% of 450 million shares is 33 million shares
After the sale, Lugee owns -100 millions share of Eontec which is 22% of Eontec total shares of 450 million shares.
E C Metal.....Now that's a catchy name
Here's the recent phony call
KK : Hello, Mr. Musk, Nice to hear from you
PM : I really like those LiquidMetal Battery Unibody Casing you offer me for our upcoming Model Y. Wonder how we can make this work.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=149898130
KK : I would recommend you a Manufacturing Turn Key Bundle
PM : Tell me more.
KK : We would license you our Asian partner LiquidMetal Equipment 1000C machines along with LiquidMetal Ingot. We would recommend 100 of such sets for your Giga Factory and we will provide on site factory installation and machine operation training.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135338073&txt2find=LK
PM : That sounds good..........exceptttttttt our POTUS require us to fill out an application for foreign company purchase license.
KK : Weren't you part of the Business Advisory Councils member? It should be cake walk for you
PM : Ahhhhh..........I have to standby the new green deal. I got kicked out a while back. So is many others.
https://www.latimes.com/business/technology/la-fi-trump-ceo-defections-20170816-htmlstory.html
KK : How bout Tesla Shanghai?
PM : Oh yeah.....I forgot about that. Thanks I will get Eontec a call. Thanks for your help though.
KK : Butttttt.....
PM : Have a Nice Day
Above Story is 100% PHony. Take it with many many grains of salt.
Synergy ??
Establishment LB USA in 2017
2017: Expansion into United States
In our commitment to further increase our downstream value chain and support our vision to continuously improve global access to next generation healthcare, Leader Biomedical Group establishes a venture with Leader Biomedical USA LLC in Schaumburg, USA, starting with the introduction of our patented eCOO® Technology.
https://www.leaderbiomedical.com/about/
Throw in Automotive alignment with Tesla/GM
Lugee will establish Eon-West 3-legged Stool
“Interesting development no one saw coming.”
Lugee has been shredding his ownership of Eontec since 2014 (from 99% now to 20%).
In exchange, he has created Liquidmetal HK Ltd and Leader Medical.
LQMT is only a piece of the entity underneath the Liquidmetal HK Ltd.
Maze tells it all.
Lugee pledge to Eontec shareholders is “personal” before State has established any ownership.
State has no say on that. This is why it is clearly stated within the 8K.
Lugee just sold 8% of his shares to the State
Lugee is now no longer Eontec plurality shareholder
He now owns 22% and State owns 27.9%. Combine total of <50%.
Previously State was given the 27.9% “voting power” and now it is both ownership and voting power.
Note the statement says previous obligation by major shareholder (Lugee) is at risk.
Those obligations perhaps might include “transfer of LQMT shares”.
Also, new BOD and management appears to be coming. So much of COI talks will deem meaningless.
In return Lugee’s margin debt of his Eontec shares are now all cleaned out.
Essentially this will open up Lugee personal investment with no string attach.
STORY HAS JUST BEGUN
Stay Tune........
Every year Eontec published similar statements.
It is to declare Eontec "clean" operation(s) with many of their major shareholders other controlling entities.
Give an example.
It is like Tesla informing shareholders they have some "clean" transactions with Solar City (before the merger of course). Solar City buying batteries from Tesla to build Solar power wall.
When LQMT purchased 2 machines from Eontec in 2017, it is considered "clean" transaction.
For 2019, I suspect there were some "ingot" purchased from Eontec.
Chinese companies are extremely details showing on all "suspect" transaction(s). e.g. Recently Eontec CTO's sister bought 700 shares of Eontec stock. The whole world knew about it.
Lugee can’t fight trade war.......unfortunately
He (just like most others) did not see this curveball coming at 03/16.
Look for 2H19 Revenue to at least double 1H19
They doubled the machines.
There might be licensing revenue on top also.
Note EON only owned 60% YiHao metal who is doing the heavy lifting.
It means actual Liquid Metal revenue from YiHao is doubled what is posted from Eon.
YiHao will be presenting in that conference.
Bottom line
BMG inside is no different than BMG outside in term of the key attributes
Strength per weight
Strength per thickness
Elastic shock absorbance
Ultra Precision
Net shape forming.
Non magnetic hence minimal RFI
BMG inside however will require minimal post processing steps when compare to BMG outside
Imagine human can take a coating bath to hide all the wrinkles. That will be a game changer.
3D print has been in Lugee's sleeve for a while
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=136122568
I see no place for 300 machines.
1000 machines probably is at beta stage.
I would speculate 500 machines is the main stream for now.
Huawei Mate 30 is all (non metallic) glass coated just like OPPO.
With advancement in nano grid treatment into glass that allows designer to come up with infinite freedom of “effect”, it is here to stay.
This effectively eliminates need of “external” glossy mid frame. It will be replaced with “internal” non cosmetic mid frame. Mid frame will be designed purely for structural strength.
Light and strong and high precision and elastic will always be welcomed (but need to be cost neutral). “Commercialized” BMG should be able to compete. It can become ME ONLY if required precision out spec other material.
BMG inside will become dominant use case rather than flashy “liquid metal” look and feel for the outside.
This provides an out path for BMG diecast machine. Impure Zirconium can be used to reduce cost.
Flash freeze in high vacuum environment has been historic challenge for BMG. Just ask Bill Johnson.
Industrial non need of “cosmetic” perfection will probably give Lugee a sigh of relief.
We probably will know more on that detail in eontec upcoming mid year report
Eon JV with Synthetic Zirconium Giant
Stock code: 300328 Securities abbreviation: Eontec
Announcement No.: 2019-058 Eontec, Ltd.
Announcement on Signing a Framework Agreement for Cooperative Investment
The company and all members of the board of directors guarantee the truthfulness, accuracy and completeness of the information disclosure, and there is no false record. Misleading statements or major omissions.
Special Note:
1. This agreement is only a framework agreement for cooperative investment, and belongs to the framework of the willingness and basic principles of cooperation between the parties. The intentional agreement, the specific implementation of the follow-up business cooperation will be subject to a separate formal cooperation agreement. this There are still uncertainties in the implementation of the agreement, 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 will be subject to the agreement. The signing and implementation of the physical cooperation agreement.
3. This Agreement does not constitute a connected transaction, nor does it constitute a provision for the Measures for the Administration of Major Asset Restructuring of Listed Companies. Major asset restructuring.
4. Progress of the framework agreement signed by the company in the last three years
The 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 normal performance, not yet signed Formal cooperation agreement.
3 "Shenzhen Shenke Special (Qingxi Section) Cooperation Framework Agreement
December 19, 2018
In normal performance, not yet signed Formal cooperation agreement.
4 "Eontec Liquid Metal Project Investment Box Agreement July 22, 2019
In normal performance, not yet signed Relevant formal agreement.
I. Basic information of this agreement
(1) Signing of this agreement In order to play Eontec Ltd. (hereinafter referred to as "Eontec" or "Company" or "Party B") and Sanxiang New Materials Co., Ltd. (hereinafter referred to as “Sanxiang New Materials” or “Party A”) have their respective advantages and specialties, Rapid advancement of liquid metal in China for industrialization and high-volume applications, friendly negotiation between Party A and Party B on August 9, 2019 Signed the cooperation framework agreement of Sanxiang New Material Co., Ltd. and Eontec, Ltd. Discussion (hereinafter referred to as "this agreement"). This agreement is only a framework agreement, according to the "Articles of Association" and other relevant provisions, no need to submit to the company's board of directors or Review at the shareholders meeting. The company will be based on the "Shenzhen Stock Exchange GEM stocks after the specific cooperation matters are clear. The requirements of laws and regulations and regulatory documents such as the City Rules and the Articles of Association, and the corresponding decision-making and disclosure procedures sequence.
(2) The situation of the other party to this agreement
1. Name: Sanxiang New Material Co., Ltd.
2. Registered capital: RMB 189,991,704
3. Legal representative: Xia Peng
4. Residence: No. 292, Jiefang Street, Shouning County, Fujian Province
5. Date of establishment: August 24, 1991
6, business scope: zirconium series products, single crystal corundum advanced abrasive materials, casting core wire and related products, Micro-silica powder; used in architectural ceramics, functional ceramics, ceramic pigments, abrasives, castings and other refractory materials, etc. Production and research and development of chemical products (excluding chemical dangerous goods); industrial materials technology testing and services (no restrictions Class, can only be carried out after obtaining the accreditation certificate; wholesale of related products.) (The above import and export of goods does not involve state trade Yi, the products involved in the management of quota licenses shall be applied in accordance with the relevant provisions of the State, and the production and operation shall not include national restrictions. Prohibited species)
There is no relationship between Eontec and Sanxiang New Materials.
Second, the main content of this agreement
(1) Cooperative entities
Party A: Sanxiang New Material Co., Ltd.
Party B: Eontec, Ltd.
(2) Cooperation content
1. Amorphous alloy (liquid metal) project, the total investment of the project is 600 million yuan, Party A, Party B intends to jointly invest in 60%: 40%; the project is divided into three phases, of which the first phase of investment is 2 100 million yuan, Party A (including holding subsidiaries) investment 60%, Party B (including holding subsidiaries) investment 40%.
2. The investment is the first phase of the investment project of the amorphous alloy project, which is calculated by Party A and Party B at a ratio of 60%: 40%. Investment, in which Party A invested 120 million yuan and Party B invested 80 million yuan. The capital contribution is cash or both parties. Other ways of mutual recognition.
3. In this investment, the specific methods, such as the way, progress, conditions, and division of labor of Party A and Party B, will ultimately The formal agreement signed shall prevail.
(3) This Agreement shall have legal effect from the date on which both Party A and Party B sign the seal.
Third, the impact on the company
Amorphous alloy (liquid metal) has excellent soft magnetic properties, corrosion resistance, high elasticity, high strength, high hardness, Wear-resistant and other properties have a good market prospect. At present, zirconium-based amorphous alloys are practically applied on the market. One of the main amorphous alloys.
Eontec is a national high-tech specialized in research, development, design, production and sales of new materials. Enterprise, the leading new material company in China. Liquid metal, biodegradable medical magnesium alloy, new energy automotive products For the company's three key sectors of the business. Eontec, as an enterprise that develops liquid metal earlier in the industry, owns the world's largest production line for zirconium-based amorphous alloys, producing amorphous alloy equipment and refining materials. Mold manufacturing, precision machining and surface treatment capabilities, with mature production technology and technology of amorphous alloys, enjoy all the technologies and patents of non-crystal alloy production, the technology level is the world leader, and can be directed to Sanxiang New Materials and its subsidiaries. The company legally grants the right to use intellectual property rights related to patents, technologies and processes.
Sanxiang New Materials has the advantages in technology, process and experience in fused production and alloy formulation development. The largest sponge zirconium production base provides high quality raw material support for amorphous alloy projects.
This cooperation is conducive to making full use of the resources and advantages of all parties, strengthening alliances and promoting liquid metal faster. The country's industrialization and high-volume applications, further enlarge and strengthen the Eontec liquid metal industry, in line with the company's development strategy.
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=zh-CN&sp=nmt4&tl=en&u=http://pdf.dfcfw.com/pdf/H2_AN201908121342950113_1.pdf&xid=17259,15700021,15700186,15700191,15700256,15700259,15700262,15700265&usg=ALkJrhgJJi1ODeHqzCBMrwDFZ1virW3qvA
Note this JV, Eon will become minority partnership of 40%
http://www.fjsx.com/en/proshow.aspx?cateid=163&productsid=25
http://www.fjsx.com/en/videoshow.aspx?Cateid=141&newsid=587
This is a company that has China president personal visit
Check 1:38 of video
ASus clearly stated utilizing diecast equipment. They clearly have no interest create their own ingot.
I am not aware or any “mature” BMG diecast equipment out there that can outperform Eon machine.
Sure Asus can (should) either direct manufacture or outsource to CM for all the BMG components. Their long term volume is too big for Eon/Yihao to handle.
Near term can be from Yihao.
Lugee ultimate strategy is to make licensing and service and equipment revenue from whale size CM or direct OEM.
One should never confuse end product solution to material/component solution.
Coke is the adopter of aluminum
Coke creates the aluminum can solution.
BMG has always been solution looking for problem
ASUS has a problem and they utilize BMG unique characteristic to help solve their problem.
Apple chose to solve their problem with a “notch”. Rest is history.
BMG eco system must exist
Who plays the leader (not follower) role is the question?
Adopter
Apple. Should have been......but....
Non Apple. Clearly is there......
Non CE. Clearly not there
Total Solution technology provider
LQMT. Clearly no.....
Eon. Clearly yes...
This is the best detail technical write up I have ever seen on BMG, amorphous alloy, liquid metal, liquidmetal, liquid alloy, glassimetal,...........etc.
It shall be STICKY for every single investor to read, understand and digest hence make sound decision on their own.
ASUS adoption to BMG and PR promotion to Liquid Metal will do wonder for LQMT in the future.
BMG commercialization must exist before there can be any meaningful market(s) to be established.
God bless all.
Quantifying the origin of metallic glass formation by Mr. Johnson
https://authors.library.caltech.edu/63935/2/ncomms10313-s1.pdf
Note some discussions of Vitreloy 106 and Magnesium BMG.
Mr. Johnson is long time friend of a few poster(s) here. I am sure they can share their knowledge.
Will this be contradictory?
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=137011759&txt2find=liquidmetal|brand
Caltech Vitreloy 106 is the last of the series developed thru time
One cannot use Vitreloy 1 as a reference time.
While 106c does not have a patent, Vitreloy 106 does have a patent which is owned by CalTech of which LQMT does have a license to
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150181318
Say what you mean. Mean what you say.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=150304026
Glad you are OK with Magnesium BMG.
Eating Crow is not healthy.
It will be more important that Eontec can infringe this very CIP patent.
It is pointing out Eontec might require a license from LQMT to sell medical implant devices in US or Europe.