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Here's an example of royalty payment to Yihao and Eon
http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=https%3A%2F%2Fwenku.baidu.com%2Fview%2F8f10e7baf505cc1755270722192e453611665b57.html
Timing is EVERYTHING
https://www.cnn.com/2021/03/15/tech/xiaomi-stock-us-court-ruling-intl-hnk/index.html
https://www.gizchina.com/2021/02/26/xiaomi-foldable-smartphone-will-be-released-in-march-and-will-be-so-affordable/
https://www.gizchina.com/2021/03/29/xiaomi-mi-mix-foldable-phone-screens-come-from-these-manufacturers/
Question:
Is there any cooperation between your company and Xiaomi in the hinge business, thank you
Answer:
Hello! Thank you for your interest in the company. The company and Xiaomi are cooperating to develop liquidmetal hinges. Thank you!
Wonder what the compliant material can be....
https://www.patentlyapple.com/patently-apple/2021/03/apple-wins-a-patent-for-a-new-apple-watch-protective-case.html
https://uspto.report/patent/grant/10,945,664
Note filing date is Aug 31 2016.....
Bunch of CIP patents filed around that time despite TTA expiration.
Is the Apple folding screen coming?
Will Huawei's zirconium-based liquid metal hinges and Samsung folding screens fold more BOOM~?
https://www.iqiyi.com/v_118vwu3puo0.html
Key for Rollable phone is the "collapsible" screen support structure.
Here's how OPPO solved the problem via WARP TRACK LAMINATE.
Follow the machines (to the big whale partners)
Battery + Zirconium/Magnesium + LiquidMetal Machines = ???
https://www.catl.com/en/
http://www.fjsx.com/en/index.aspx
http://lktechnology.com/en/
Stock code: 300328 Stock abbreviation: Eontec Announcement No.: 2020-021
Eontec Co., Ltd.
Announcement on the signing of equipment sales contracts and related party transactions
The company and all members of the board of directors guarantee that the information disclosed is true, accurate and complete, and there are no false records, misleading statements or major omissions.
1. Overview of this transaction
(1) Basic information
On April 8, 2020, Eontec, Ltd. (hereinafter referred to as the "Company" or "Eontec" or "Party B") and Ningde Sanxiang LiquidMetal Technology Co., Ltd. (hereinafter referred to as "Ningde Sanxiang" or "Party A") have jointly signed the "Equipment Sales Contract" (hereinafter referred to as "this connected transaction"), Ningde Sanxiang agreed to purchase 10 liquid metal machinery and equipment of two types and specifications from Yian Technology, with a total amount of RMB 30.8 million.
(2) Description of the relationship
The shareholders of Ningde Sanxiang are Eontec and Ningde Sanxiang Zirconium Magnesium Industry Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Sanxiang Zirconium Magnesium"). Eontec’s investment in Ningde Sanxiang is RMB 40 million, and the shareholding ratio is 40%. Sanxiang Zirconium Magnesium has a capital investment of RMB 60 million in Ningde Sanxiang and the shareholding ratio is 60%. Ningde Sanxiang is a shareholding company of Eontec. According to the "Shenzhen Stock Exchange's GEM Stock Listing Rules" and other regulations, Ningde Sanxiang is the company's related legal person, so this time the company and the related legal person Ningde Sanxiang jointly signed an equipment purchase contract The matter constitutes a connected transaction.
(3) Approval status
On April 8, 2020, the third meeting of the company's fourth board of directors reviewed and approved the "Proposal on Signing Equipment Sales Contracts and Related Party Transactions", and agreed to sign the equipment sales contracts and related transactions this time.
No related directors in this related transaction need to abstain from voting, and independent directors issued agreed prior approval opinions and independent opinions on this related transaction. This related party transaction does not need to be submitted to the general meeting of shareholders for deliberation, and does not constitute a major asset reorganization as required by the Measures for the Administration of Major Asset Restructuring of Listed Companies.
2. Basic situation of related parties
(1) Name: Ningde Sanxiang LiquidMetal Technology Co., Ltd.
(2) Registered capital: RMB 100 million
(3) Residence: Sanxiang Science and Technology Park, Nanyang Town, Shouning County, Ningde City, Fujian Province
(4) Legal representative: Xiao Chuanzhou
(5) Business scope: development of amorphous alloys (liquid metal), rolling processing, production and sales of rare rare earth metals; liquid metal technical consultation and promotion services. (Projects that are subject to approval in accordance with the law can be operated only after being approved by relevant departments)
(6) Name of shareholders, capital contribution and shareholding ratio:
Name of shareholder Capital contribution (RMB 10,000) Shareholding ratio (%)
Sanxiang Zirconium Magnesium 6,000 60%
Yian Technology 4,000 40%
3. The main content of the equipment sales contract
(1) Subject of contract
Party A: Ningde Sanxiang Liquid Metal Technology Co., Ltd.
Party B: Dongguan Yian Technology Co., Ltd.
(2) Main content
i. Party A purchases 10 liquid metal machinery and equipment of two types and specifications from Party B, the total amount is RMB 30.8 million.
ii. Party A paid Party B RMB 30.8 million in three installments.
4. The transaction pricing policy and pricing basis
The price of this related party transaction was finally determined after friendly negotiation between the two parties, and it complied with relevant laws, regulations, etc., and did not harm the interests of the company and all shareholders.
5. The impact of equipment sales contracts on the company
The signing of the equipment purchase and sale contract on the one hand increased the liquid metal equipment production capacity of Ningde Sanxiang, a joint-stock company, paving the way for the gradual introduction of liquid metal technology and mass production of liquid metal products, and on the other hand, it satisfies the growing scale of the liquid metal industry. The expanded demand extends the company's liquid metal industry chain, promotes the development of the liquid metal industry, and enhances the company's comprehensive competitiveness, which is in line with the company's development strategy. This equipment sales contract will have a positive impact on the company's financial status and operating results.
6. The total amount of various related party transactions that have occurred with the related party from the beginning of the year to the date of disclosure
Except for this related party transaction, the total amount of various related party transactions that have occurred with the related party from the beginning of the year to the disclosure date is RMB 40 million.
7. Prior recognition and independent opinions of independent directors
(1) Prior approval opinions of independent directors
i. This related party transaction was conducted on the basis of fairness and reasonableness and consensus between the two parties. It did not harm the interests of the company and other shareholders, especially small and medium shareholders, and would not affect the company’s independence, nor would it affect the company’s ability to continue operations. influences.
ii. We have no objection to this related party transaction and agree to submit the matter to the third meeting of the fourth board of directors of the company for deliberation.
(2) Independent opinions of independent directors
i. This related party transaction has been approved by us before it is submitted to the board of directors for deliberation.
ii. On the one hand, this related party transaction increased the production capacity of liquid metal equipment of Ningde Sanxiang, a joint-stock company, and pave the way for the gradual introduction of liquid metal technology and mass production of liquid metal products. On the other hand, it satisfies the growing scale of the development of the liquid metal industry. In order to extend the company’s liquid metal industry chain, promote the development of the liquid metal industry, enhance the company’s comprehensive competitiveness, and conform to the company’s development strategy. This related party transaction was conducted on the basis of fairness and reasonableness and mutual agreement, and did not harm the interests of the company and other shareholders, especially small and medium shareholders.
(3) This related transaction has been reviewed and approved at the third meeting of the fourth board of directors of the company. The convening, convening, review and voting procedures of the board of directors meeting are in compliance with relevant laws and regulations and the "Articles of Association". In summary, we unanimously agree to this related party transaction.
8. Sponsor's verification opinions
Upon verification, the sponsor believes that:
(1) This related party transaction was conducted on the basis of fairness and reasonableness and mutual agreement, and did not harm the interests of the company and other shareholders, especially small and medium shareholders.
(2) This connected transaction is conducive to further expanding the company's liquid metal product market, and is in line with the company's development strategy and the interests of all shareholders.
(3) This related party transaction has been reviewed and approved by the company’s board of directors and board of supervisors, independent directors previously approved and issued consent opinions, fulfilled the necessary approval procedures, and its decision-making procedures comply with the "Guidelines for the Standardized Operation of Listed Companies on the Growth Enterprise Market of Shenzhen Stock Exchange", "Shenzhen Stock Exchange Rules for the Listing of Stocks on the Growth Enterprise Market". The "Articles of Association" and other relevant regulations do not damage the interests of the company and shareholders.
In summary, the sponsor has no objection to the company's related transactions.
9. Documents for reference
(1) "Resolutions of the Third Meeting of the Fourth Board of Directors of Eontec, Ltd."
(2) "Resolutions of the Third Meeting of the Fourth Board of Supervisors of Eontec, Ltd."
(3) "Pre-approved opinions of independent directors of Eontec, Ltd. on matters related to the third meeting of the fourth board of directors of the company"
(4) "Independent opinions of independent directors of Eontec, Ltd. on matters related to the third meeting of the fourth board of directors of the company"
(5) "The Verification Opinions of China Securities Co., Ltd. on Eontec's Signing of Equipment Sales Contracts and Related Party Transactions"
(6) "Equipment Sales Contract"
Special announcement,
Eontec, Ltd.
Board of Directors
April 8, 2020
http://static.cninfo.com.cn/finalpage/2020-04-08/1207467089.PDF
Life will be even better after 3/30/21
https://tsdr.uspto.gov/documentviewer?caseId=sn88863010&docId=ROA20210223193106#docIndex=1&page=1
Final amendment was added on 02/23/21
Note the choice of word "UNIQUE"
https://tsdr.uspto.gov/documentviewer?caseId=sn88863010&docId=ROA20210223193106#docIndex=4&page=1
Applicant proposes to amend the following:
Current:
Class 006 for Metals and metal alloys; Amorphous metals; Common metals and their alloys; Metal castings; Metal hinges; Metal hardware, namely, springs, washers, nuts, pins, nails, screws, bolts, and rivets
Proposed:
Class 006 for Metals and metal alloys; Amorphous metals; Common metals and their alloys; Metal castings; Metal hinges; Metal hardware, namely, springs, washers, nuts, pins, nails, screws, bolts, and rivets; all of the foregoing made using or consisting substantially in part of a UNIQUE amorphous metal alloy
LM106c is available for all customers including Apple
One can compare the new trademark “application field” vs the previous trademark that was established many many years ago.
There are many many specific spell out upgrade in CE, medical and auto industries.
All the explicit language in section 5 JDP was drafted very carefully and for very specific reasons.
Life is good after 3/10/21
Dongguan Eontec Investor Relations Activity Part 2 : Q&A
Question: What is the synergy effect between LQMT and the company in the development of liquid metal?
Answer: As we all know the strength and influence of the US LiquidMetal Company (LQMT) in patent research and development, the HK LiquidMetal Ltd., funded by the company's chairman, Mr. Lugee Li, controls LQMT. As a related party of the company, signed a parallel license agreement (PLA) with the company in terms of patents. As a liquidmetal manufacturer, we can use the LQMT platform and customer groups to participate in customer research and development in the early stage and provide customers with targeted material solutions. And applicable liquid metal products. Currently the company and LQMT have projects in cooperation.
Question: LiquidMetal's competitors and profit margins?
Answer: At present, the liquidmetal market has not yet formed a complete competition pattern. There are very few companies that can achieve industrialized production. This is why the company has been constantly looking for and cultivating partners. It is difficult for only one supplier to enter the supply chain of well-known companies. We hope to find and support partners to jointly expand the liquidmetal market. The profit margin is also different for different products, but as the production process matures and the yield rate increases, even if the customer's price is adjusted, a better profit can still be maintained.
Question: The company is currently diversified and the three key industries span a wide range. How does the company view this issue?
Answer: The company's three key developments are all centered on the application of new materials. For the company, the principles are the same. Liquid metal, magnesium alloy, and aluminum alloy are just the difference between materials, and the production processes and skills are all the same.
Question: What is the future sales layout of the company's magnesium nails?
Answer: The company's high-purity magnesium bone nails have been clinically conducted in 8 hospitals in China. In the first half of the year, the clinic was affected by the epidemic. In the second half of the year, the clinical progress and follow-up follow-up of patients after implantation were still in line with expectations. After clinical completion, the company will register the product before it goes on sale. On the one hand, the company is already establishing its own sales team, on the other hand, it will also cooperate with distributors and large medical institutions. After obtaining the EU CE certification abroad, the company has signed a "cooperation agreement" with the Georgian Batumi Republic Clinical Hospital and Georgia International Innovative Medical Service Company, and has received 1,500 orders from Georgia International Innovative Medical Service Company. The smooth promotion and sales of the company's high-purity magnesium bone nails in the Georgian market and rapid sales are the first step for the company's high-purity magnesium bone nails to enter the EU market. At the same time, the company is also advancing the certification of the United States, Russia and other countries and alliances.
Question: Will magnesium nails go to the United States for clinical practice? How many are sold now? What is the gross profit margin?
Answer: The company is already preparing for the US FDA registration certification. The price belongs to the company's trade secrets. It is currently undergoing clinical trials in China and has not yet been put on the market. The price and gross profit margin have not yet been determined.
Question: Why has Chaohu Eon Yunhai lost so far?
Answer: Eon Yunhai needs to carry out system certification and customer product sample confirmation in the early stage. The product needs a longer certification period from sample confirmation to mass production, and it is also affected by many factors such as large initial fixed cost, production capacity, epidemic situation, etc. , Unrealized profit. Chaohu Eon Yunhai is also constantly enhancing its core competitiveness and vigorously developing products that meet market needs. At present, 2 sets of 4200T, 1 set of 3500T, 2 sets of 2700T and 1 set of 1600T have been put into production of large-scale brand die casting machine equipment, which can meet the production needs of different products of customers. The first phase of the plant has been put into production, and the second phase of the plant has a construction of 34,590 square meters. At present, the main project has been completed and the interior and exterior decorations are in progress. There are many target customer groups in the Yangtze River Delta, and we are optimistic about the future development potential.
Question: What is the current progress of the company's magnesium alloy material projects with Sanxiang New Materials, Ningde Times, and Wanshun Group?
Answer: The investment framework cooperation agreement signed in the previous period has been announced, and there is no latest progress. If there are new developments in the future, an announcement will be made in a timely manner.
Question: What are the advantages of the company's overall integration of light alloys in automotive products compared to the production of many scattered parts?
Answer: The company's overall integration of new energy vehicle products, by forming multiple parts through large-scale precision die-casting at one time, the product will be lighter and meet the requirements of new energy vehicles to reduce weight and increase cruising range. Product performance and quality can better meet customer needs. The company's overall integration has been implemented in new energy vehicle motors, electronic controls, battery packs, instrument panels, automobile doors and other products through different large-scale die-casting equipment such as 4200T and 3500T.
Overall integration will also be the future development trend of automobiles. The integration of traditional automobile structural parts and integrated molding will require more precise materials, equipment, molds, and process requirements. Based on the company's accumulated experience in the precision die casting industry for more than 20 years With the accumulation of technology, the company will also combine the market development and the actual needs of customers' products, and cooperate with equipment manufacturers to jointly develop die-casting integrated molding equipment with a tonnage of 6000T and above, integrate new energy automobile parts, and realize a wider application in large-scale automobile die-casting products;
level 2
BOLD MOVE INDEED.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=159561110&txt2find=bold|move
Existing cash position WILL NOT sustain the current runway (dental only) business
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162450635
IT IS BOOM OR BUST......
WHAT'S BEHIND ME IS NOT IMPORTANT!!!!!
Judgement Date 03/10/2021
https://www.sec.gov/Archives/edgar/data/1141240/000143774916027548/ex10-2.htm
This Parallel License Agreement (“Agreement”) is entered into as of March 10, 2016 (the “Effective Date”), by and between DongGuan Eontec Co., Ltd., a corporation organized under the laws of the People’s Republic of China having an address of Yin Quan Industrial District, Qing Xi, DongGuan, China (“Eontec”), and Liquidmetal Technologies, Inc., a corporation organized under the laws of the State of Delaware, having an address of 30452 Esperanza, Rancho Santa Margarita, California 92688 (“LMT”). Either Eontec or LMT may be referred to individually herein as a “party”, and Eontec and LMT may be referred to collectively herein as the “Parties”.
ARTICLE 5
TECHNOLOGY DEVELOPMENT AND DERIVATIVES
5.1. Technology Development. The Parties will work together to jointly improve and further develop the Technologies for a period of five (5) years (“Joint Development Period”). The scope and nature of such joint efforts, and the respective responsibilities of the parties in connection therewith, will be set forth in one or more mutually agreeable development agreements or other similar agreements to be entered into by the Parties (“Development Agreements”).
5.2. Improvements and Derivatives. 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 Trademarks shall be owned exclusively by that party.
CHANGE IS GOOD......STAY TUNE
2020 Annual Report PR
Cash and restricted cash totaled $19.5 million at December 31, 2019, as compared to $35.2 million at December 31, 2018. The change is primarily associated with the purchase of investments in debt securities,
which have resulted in an increase interest and investment income to $459 thousand during 2019 from $259 thousand during 2018.
2021 Annual Report PR
As of December 31, 2020, the Company had $1,519 thousand in cash and cash equivalents and restricted cash, as well as $27,488 thousand in investments in debt securities.
Those readily available sources of liquidity are accessible to advance the Company’s existing strategy, and/or the pursuit of an alternative strategy.
LISTEN TO WHAT THE MAN SAID...
2017-2020 10K
On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which, for a one-time license fee, we granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize our intellectual property in the field of “consumer electronic” products, as defined in the license agreement. As a result,
we will not pursue application of our bulk Liquidmetal alloys in the consumer electronics field.
However,
we continue to work with Apple to develop and advance research and development in the amorphous alloy space to benefit both consumer and non-consumer electronics fields. For more information regarding our transaction with Apple, see “ – Licensing Transactions” below.
2021 10K
On August 5, 2010,we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which, for a one-time license fee,we granted to Apple a perpetual,worldwide, fully-paid,exclusive license to commercialize our intellectual property in the field of “consumer electronic” products, as defined in the license agreement. As a result,
our ability to freely pursue applications of our bulk Liquidmetal alloys in the consumer electronics field is limited.
We will continue to identify and pursue opportunities in the consumer electronics field that do not violate our licence agreement with Apple.
Additionally,
we continue to work with Apple to develop and advance research and development in the amorphous alloy space to benefit both consumer and non-consumer electronics fields. For more information regarding our transaction with Apple, see “ – Licensing Transactions” below.
Rome is not built in one day.
Roman Empire is now at the end of the tunnel.
Zirconium 101 will help clarification
https://www.zircon-association.org/zircon-sponge-and-alloys.html
“pure zirconium” (native raw and pure hence expensive)
“Synthetic zirconium” (Zirconium sponge which is human made hence cheap)
Similar comparison can be made between diamond vs cubic zirconia
Lugee found a way to produce BMG ingot by utilizing zirconium sponge instead of pure zirconium hence lower cost
Early BMG Lugee created was cheaper but it does have oxidation side effect as “sponge” suck in the oxygen. End product will look tarnish and does not have mirror finish. Those at open house can see that.
Yes, Azus had the same oxidation problem.
In the meanwhile LM105 was made with pure zirconium (by Materion) and it has mirror finish. Look at the money clip and flags that was hand out at open house.
LM106c turn out having best of both world. Cheap yet mirror finish. Magic come with a touch of Yttrium which is a Rare Earth element. We all know China owns the global production of Rare Earth.
Notebook/iPad is about the max in consumer demand high volume market
Weaving will be a better way to go for BIG size
Engel machine was not designed to scale up (in vertical direction).
Not sure if amorphous can scale up linearly but it did move up from 300 to 500 to 1000 in relative short time frame
For auto industry, BMG weaving might be the better solution.
Secret sauce was from China Academy of science overlay on top of Base LK machinery.
Yes via LekOn JV
Follow the maze
Sorry no
This is single page flat org chart like investment map
Detail can be found via Web link
Yellow circles are private company
Dates are inception
Dash lines are partnership
Qualcomm does not know how to fabricate chip either
How do we get pay?
SURE THING:
Apple (equivalent) sales in US (west)
NEVER:
Huawei (equivalent) sales in China (east)
ONE OF THE TWO (NOT BOTH):
Apple (equivalent) sales in China (east)
Huawei (equivalent) sales in US (west)
BIG is a relative word
when there exist one billion (authorized) shares with 100 millions (true) floats.
With that being said, I only hope for "potential" BIG.
Light at the "end" of the tunnel is always a good start when one has been trapped inside a cave for 20 years.
Most are part of the Maze
Some has been taken off the Maze
Liaoning Gold is from 2015 but they are crucial for what we have today.
I will add them in.
Ningde battery box is part of the maze
but not with ChangYing precision