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No, haven’t received anything....
Apologies, yes I meant the prior year. Q3 YTD GPM is +$210K while YTD 2018 GPM was -$638K. Which is a huge change. Looking at those periods, both the sales increased and the COGS decreased significantly. This to me means a change from prototyping over to regular production. 50 machines increased to 90 machines is definitely for production, not prototyping. Not Apple scale production, but still some level of production which is a positive.
No, he is saying the gross margin increased significantly in Q3. This has nothing to do with what you quoted.
Eon makes aluminum alloys and magnesium alloys as well as BMG. Unfortunately we can't tell which material these shipments are.
Martin guitar pin additional revenue is a pittance. How many pins do you think they are selling? And for how much?
Jaybiscuit is correct, the increase in GPM is due to other revenue outside of surplus sales for the transition to Yihao. And who bought the machines we had? Don't forget they are searching for a developing a domestic manufacturing partner. I can't imagine anyone else buying these unless for that purpose.
CYYT was what Bond wrote about. Check his blog. I believe the first phase was magnesium alloy production for auto. The second phase is liquid metal for CE.
“ The iPhone maker may pull this off by shifting more research and development of components, like the redesigned metal chassis and frame, to its in-house division.”
FOXCONN
https://wccftech.com/apple-iphone-12-price-5g-metal-frame-not-high/
The antennas can be cast into the midframe. Do not know about circuitry.
No there are always components that must be added (processor, battery, etc.). But with BMG, the midframe can be cast to Apple's iPhone specific needs with little to no follow up steps like with stainless. And LM106C (with Nb) is the most frequency transparent structure material for a phone midframe.
Thanks, I am expecting that Foxconn (Hon Hai) will be the producers of a BMG midframe if Apple were to do this. So any articles that point to the "new metal frame" and Foxconn are of interest. Your article is very interesting as it points to a large revenue increase in Q3 for Foxconn and it directly states because of "new metal frame" design. Here is another article in the US that notes the same: https://www.loveios.net/2019/09/kuo-2020-iphones-will-feature-new-metal.html
Foxconn and Jabil to be suppliers. Remember, Eon has a contract with Foxconn (for years now) and has been working with Foxconn's BMG division. So this is where I am looking for 2020. Expect more articles like this to start leaking.
Can you please provide a link to this article? Thanks
Although I do find one of his blog posts rather interesting and something I have never heard from LQMT. BMG used to reduce CO2.
http://www.johnkangliquidmetal.com/blogs/john-kang-liquidmetal-co2-storage/
BMG, more specifically LM106C would be the most wireless transparent “metal” structural frame that could be used. Hence it’s benefits over stainless, titanium, aluminum, etc. If Li truly can build mass production (likely via Foxconn for Apple, with other vendors like Huawei, Yihao, Pamti to provide multiple quotes for Apple) and make it cost competitive as he has stated, then it becomes a viable alternative to those metals. But the infrastructure has to be there for it to happen.
What I find most interesting about this patent is that the glass fusion temperature is 800*F. This is also the transition temperature of LM. It makes me wonder if the glass front and back plates will be fused to the LM midframe, making it one unibody construction. Perhaps they are making Job’s dream come true of a “single sheet of glass” iPhone. Remember BMG is “glass” so when articles speak of an “all glass” iPhone, the midframe (structural portion) is likely metallic glass.
"As shown in FIG. 8, device 10 may have a housing member such as housing sidewall structure 18 that is interposed between upper and lower glass housing structures 20. Structure 18 may be formed from metal, glass, ceramic, plastic, fiber-based composite material, other materials, or a combination of these materials. Upper and lower glass housing structures 20 in FIGS. 7 and 8 may have recessed portions (e.g., rectangular recesses), as described in connection with FIG. 5. Display structures and other internal device components may be received within the recesses of structures 20 of FIGS. 7 and 8."
Two sheets of glass with a metal midframe.
https://patents.justia.com/patent/10512176
“Most diehard shareholders will give up this year 2020 after the 10 K comes out around Mar 15. “
Will that include you?
Non-disclosure Agreement. You can look it up and read all about them. Fun stuff.
Then you are most certainly not familiar with NDA's.
I ask this question to all the negative posters here, if you really believe what you say then you must believe the share price will drop to zero. So why don't you sell and move on?
He said that Peker was working for IBM, not some semiconductor company in Turkey. Do you have the company website?
BTW, he has been working as a CONSULTANT for Prometaltech and continues to do so. That doesn't preclude him from other ventures. If you have this Turkish company website showing him as GM, please post.
Facts always resolve any questions.
If we knew the answers to your questions, the share price would be much different than current. It’s a waiting game as we don’t know. Keep a positive outlook as things are coming together and 2020 may provide us some growth. Remember, speculation drives share price, revenues provide a base.
https://www.androidheadlines.com/2019/12/huawei-developing-a-smartphone-with-three-flip-up-cameras.html
Huawei developing phone with flip camera, just like the Asus flip camera (which uses BMG).
No link, no credit. Happy New Year to you “pal”.
https://www.linkedin.com/in/atakan-peker-b62b2a10/
Nov 2017 to present "I am currently in transition into a new venture"
He started as a consultant with Prometaltech in 2017.
Again, if you have something factual and constructive to post, please do so. Just attacking others with nothing behind it is weak and unnecessary.
Nope, website is accurate. If you have more info then post it.
It's where Atakan Peker is now.
“It changes the math”
Actually, the stock hit $20 just on speculation of Apple’s use. And there are now 10x more shares today. So that actually equates to about $2. And if you remove Li’s shares which are locked up, then it becomes equal to $3-$4. All just on speculation. And those of us following the progress know that we are closer to that reality now than back then. So his math is actually pretty good.
http://english.etnews.com/20191218200002
Microled’s are coming...another opportunity for a thin, strong, durable, and flexible material. Hmmmm....
https://www.patentlyapple.com/patently-apple/2017/11/future-foldable-iphone-may-use-a-micro-led-display-and-liquid-metal-as-a-shape-memory-alloy.html
“Judgement debtor exam”....he owes LQMT $$ and isn’t paying. He better have his assets not attached to him or he could be in trouble. It will be interesting to know what that dollar amount is.
“Since the glass article can remain transparent (or substantially transparent) even with the sapphire coating, the coated glass article thus remains suitable for use as a user interfacing surface. In one embodiment, the sapphire coating can be deposited using a plasma-assisted Physical Vapor Deposition (PVD) process.”
https://www.patentlyapple.com/patently-apple/2018/05/apple-invents-a-strong-cover-glass-andor-portion-of-an-idevice-housing-using-sapphire-or-fiberglass-ribbing.html
Sapphire is not glass, it is primarily aluminum oxide with a few other trace metals.
https://9to5mac.com/2018/05/31/apple-resistive-glass-patent/
https://www.gsmarena.com/apple_iphone_11_pro-9847.php
Frame is stainless steel, front and back are glass. My belief is that the back glass is sapphire coated to make it so durable (Pro model). There have been recent Apple patents about sapphire coatings to improve durability of glass. If you have been around long enough, you may recall Apple's grand plan was to create a Liquidmetal and Sapphire phone. This is because the physical properties (such as hardness coefficient etc.) are so similar, that these two materials make a perfect match. The concept was to mold Liquidmetal around the sapphire to create a beautiful unibody, unbreakable phone. Then of course GTAT happened and severely set back this idea.
If you look at Apples recent patents, they again are again looking at at a Liquidmetal (called amorphous metal in patent) frame with glass "trenched" into the frame and then coated with sapphire to make a waterproof seal. I think this is what we will see next September.
Here is a good refresher post from Josh about all the variants of BMG and how LQMT fits in:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147945050
Interesting, I didn't realize magnesium was needed for the process. Thanks
Josh, are you referring to the recent patent issues to Materion that notes the use of "Zirconium Sponge"?
http://www.freepatentsonline.com/10494698.html
This was Li's original patent, no? Or did Li never patent this "sponge" form of BMG (106C) because it is so specialized? So are you thinking this is being granted or allowed to Materion is for purpose to be a US supplier to a "whale"?
SWOT - is this a Strength or is it a Threat?
Thank you for the summary - it is much appreciated.
Yes, this all points to Apple's continued interest and potential use of this material.