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No, Trademark is owned by CIP. https://uspto.report/TM/88862995
106C is owned by LQMT, along with the machines, molds, and IP to develop any product with 106C.
LQMT's current formula (106C) on their website is NOT part of CIP. This means Apple does NOT have free access to it. What Apple does have is free access to the LQMT Trademark.
You are correct, there is a two year lockup period (and a three year) before the shares can be sold. Unless the entire company is sold, then he gets all the shares and can sell them immediately.
Apple always does test runs of new parts without publicly disclosing it. As you noted, there is clearly still the interior headphone part on the website for the Beats Headphones. I think they accidentally put up the Beats Headphones because they thought it was okay to do so. But it wasn't. I have said all along that Apple will be the company to announce this material to the world. There is a reason the LQMT Trademark is being protected.
Obviously the new CEO would not have an incentive clause (which is the bulk of his pay) in his employment contract of requiring the company to be listed on the NYSE or Nasdaq or have the stock worth over $1 per share within the next two years if it wasn't a reasonable expectation. No CEO would sign this if there wasn't a 90% chance of this happening.
No, there is a two year lockup.
Yes, from TC's contract:
https://liquidmetal.gcs-web.com/node/11651/html#ex_262709.htm
It was an Eontec announcement that they had a customer purchasing $30M worth of equipment in USD. So it was a US customer. We do not know who the customer is at this point. But considering that we now clearly see Apple parts on their website, it is likely a Apple manufacturer here in the US.
Yep, clearly Beats Headphones on their US website. How much more proof do the bears need???
Josh just posted that a "Form 4 is next"....
Reverse Wireless Charging on IPhone 13. Look at the midframe....
https://www.macrumors.com/2021/07/10/top-stories-iphone-13-14-ipad-pro-rumors/
Only a matter of time now folk. Better get in soon or you'll miss the train.
Wow, 6 Mil plus in volume and a 40% increase. Looks like the train has left the station.
I have said for years that Li did not come to this company by coincidence. He was brought in brought in by Apple to bring this material to mass production. His stepping down means "mission accomplished ".
Sit back and enjoy the ride folks.
Liquidmetal Technologies Announces Changes to Management Structure
July 09, 2021 04:30 PM Eastern Daylight Time
LAKE FOREST, Calif.--(BUSINESS WIRE)--Liquidmetal® Technologies, Inc. (OTCQB: LQMT) (the “Company”), a leading developer of amorphous alloys and composites, today announced that Professor Lugee Li, Chairman of the Company’s Board of Directors, has resigned as CEO and President. Citing the company’s readiness for the next phase of its development and the ongoing restrictions on international travel, Professor Li reiterated his support for the Company and its management team. Following Professor Li’s resignation, the Board of Directors appointed Mr. Tony Chung as Interim CEO, and Mr. Isaac Bresnick as President. Mr. Chung will take responsibility for the strategic direction of the Company, while Mr. Bresnick will take responsibility for its day-to-day operations and customer service. Professor Li will stay on as the Company’s Chairman.
“I thank the Board of Directors for this opportunity to fulfill what I have known all along, throughout my many years with the Company”
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Management Commentary
Professor Lugee Li, the Company’s Chairman stated, “Liquidmetal Technologies remains a world leader in developing and manufacturing amorphous metal applications. Although I am stepping down from the CEO role, as Chairman I am fully committed to accomplishing the vision of the Company. I have full confidence that Tony and his executive team are capable of taking the Company to the next phase of development: bringing amorphous alloy technology more fully into the marketplace.”
“I thank the Board of Directors for this opportunity to fulfill what I have known all along, throughout my many years with the Company,” Mr. Chung stated. “Our technology is revolutionary and unmatched by any other. I will continue on the trajectory set by Professor Li and will pursue every opportunity toward achieving our goal of being at the forefront of amorphous alloy technology, building our customer base, and increasing shareholder value.”
“Professor Li has provided valuable direction over the past half decade, and we would not be where we are now without him,” Mr. Bresnick stated. “Today, Liquidmetal has a strong, lean team of dedicated experts. I am grateful for the opportunity to serve as their President, and together, I believe we will make Liquidmetal a success.”
About Liquidmetal Technologies
Lake Forest, California-based Liquidmetal Technologies, Inc. is a leading developer of parts made with amorphous alloys, also known scientifically as Bulk Metallic Glasses or BMGs. The non-crystalline atomic structure of these materials allows for unique performance properties, including the ability to injection-mold with micron-level precision, lustrous finishes, high strength, hardness and corrosion resistance, and remarkable elasticity. Liquidmetal Technologies is the first company to develop amorphous alloy parts commercially, enabling significant improvements in products across a wide array of industries. For more information, go to www.liquidmetal.com.
Forward-Looking Statements
This press release contains "forward-looking statements," including but not limited to statements regarding the advantages of Liquidmetal's amorphous alloy technology, regarding the leadership of the Liquidmetal, and other statements associated with Liquidmetal's technology and operations. These statements are based on current expectations of future events. If underlying assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from Liquidmetal's expectations and projections. Risks and uncertainties include, among other things; customer adoption of Liquidmetal's technologies and successful integration of those technologies into customer products; potential difficulties or delays in manufacturing products incorporating Liquidmetal's technologies; the ability of third party suppliers and manufacturers to meet customer product requirements; general industry conditions; general economic conditions; and governmental laws and regulations affecting Liquidmetal's operations. Additional information concerning these and other risk factors can be found in Liquidmetal's public periodic filings with the U.S. Securities and Exchange Commission, including the discussion under the heading "Risk Factors" in Liquidmetal's 2020 Annual Report on Form 10-K.
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Contacts
Bryce Van
Media Relations
Liquidmetal Technologies, Inc.
949-635-2107
bryce.van@liquidmetal.com
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LIQUIDMETAL TECHNOLOGIES, INC.
OTCQB:LQMT ? ?
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Yes, it’s our territory.
Probably about 80 or so.
No, this is Eontec's Board approval of financial arrangements to sell up to $30M USD of equipment to another entity. Given the transaction will be in USD, it is likely a US company purchasing the equipment.
Securities Short: Yi'an Technology Announcement No. 2021-035
Dongguan Yi'an Technology Co., Ltd
Announcement on the company's forward settlement and sale of foreign exchange business
The Company and all members of the Board of Directors warrant that the information disclosed is true, accurate and complete, and that there are no false records, misleading statements or material omissions.
On June 29, 2021, Dongguan Yi'an Technology Co., Ltd. (hereinafter referred to as "Company" or "Yi'an Technology") held the 12th and 11th meetings of the 4th Board of Supervisors, considered and adopted the Bill on the Company's Forward Settlement and Sale of Foreign Exchange Business, and agreed to carry out forward closing business between the Company and financial institutions such as banks totalling not more than US$30 million (or other currencies equivalent).
According to the Shenzhen Stock Exchange GEM Stock Listing Rules and the Articles of Association and other relevant provisions, the forward closing and sale of foreign exchange matters fall within the decision-making authority of the board of directors of the company, without the need to submit to the general meeting of shareholders for consideration. This forward settlement and sale of foreign exchange does not constitute a related transaction and a major asset reorganization as stipulated in the Measures for the Administration of Major Assets Reorganization of Listed Companies. The details are as follows:
1. First, the purpose of carrying out forward settlement and sale of foreign exchange business
The company's overseas sales are mainly settled in US dollars, and when the exchange rate fluctuates greatly, the exchange gain or loss will have a certain impact on the company's operating performance. In order to reduce the impact of exchange rate fluctuations on the company's performance, after careful consideration, the company intends to carry out forward settlement and sale of foreign exchange business with banks and other financial institutions.
The company carries out forward settlement and sale of foreign exchange transactions based on normal business operations, based on the principle of soundness, with the purpose of preserving the value of the currency and reducing exchange rate risk, do not do speculative transactions without actual demand, do not conduct foreign exchange transactions solely for profit purposes, and reduce the risk of exchange rate fluctuations by locking the exchange rate.
2. Overview of forward closing and sale of foreign exchange business
Forward settlement and sale of foreign exchange is a foreign exchange risk-averse financial product approved by the Chinese People's Bank of China. The trading principle is: sign a forward settlement contract with the bank, agree on the future settlement or sale of foreign exchange currency, amount, exchange rate and period, when the maturity date of foreign exchange income or expenditure, and then in accordance with the forward settlement contract agreed to the currency, amount, exchange rate of the settlement or sale of foreign exchange business, thereby locking in the current closing cost of foreign exchange.
Third, forward closing and sale of foreign exchange business scale, business period, business authorization The Company intends to use its own funds to carry out forward settlement and sale of foreign exchange business to a total of not more than US$30 million (or equivalent).
other currencies), which may be used on a rolling basis within the limits and valid for 12 months from the date of consideration and adoption by the Current Board of Directors. The Board of Directors of the Company authorizes management to conduct forward closing and selling of foreign exchange within the scope of this amount in accordance with the business situation and actual needs.
Fourth, the background and feasibility of carrying out forward settlement and sale of foreign exchange business
In recent years, influenced by international political and economic uncertainties, the foreign exchange market fluctuates more frequently and the exchange rate fluctuates more and more frequently, leading to an increase in operational uncertainties. There are overseas sales and overseas procurement in the course of the company's business activities, so when the exchange rate fluctuates greatly, the exchange rate profit and loss will have a greater impact on the company's business performance. In order to guard against foreign exchange rate risk, it is necessary for the company to carry out the forward settlement and sale of foreign exchange business according to the specific situation. The forward settlement and sale of foreign exchange business carried out by the company is closely related to the company's business, based on the company's foreign exchange assets, liabilities and foreign exchange income and expenditure business, can further improve the company's ability to deal with the risk of foreign exchange fluctuations, better avoid and prevent the company's foreign exchange rate, interest rate fluctuations risk, enhance the company's financial soundness.
The company's forward settlement and sale of foreign exchange business will be carried out around the company's main business, based on specific business operations, not simply for profit purposes of forward foreign exchange transactions. By locking the exchange rate as a means to avoid and prevent the risk of exchange rate fluctuations, it is necessary for the company to protect the normal operating profits, the company has perfected the relevant internal control process, the targeted risk control measures taken are feasible. By carrying out forward closing and selling foreign exchange business, we can lock in the transaction income or cost at the future point in time and realize the preservation of assets for risk aversion purposes. Therefore, it is necessary and feasible for the company to carry out forward settlement and sale of foreign exchange business to effectively reduce the risk of exchange rate fluctuations.
V. Risk analysis of forward closing and selling foreign exchange business
The company carries out forward settlement and sale of foreign exchange business in accordance with the principle of soundness, does not carry out foreign exchange transactions for speculative purposes, all forward settlement and sale of foreign exchange business is based on normal production and operation, based on specific business operations, in order to avoid and prevent exchange rate risks for the purpose. However, there are risks in making forward closings and selling foreign exchange:
(1) Risk of exchange rate fluctuations
When the foreign exchange rate fluctuates greatly, the company will cause exchange losses when it determines that the direction of large exchange rate fluctuations is inconsistent with the direction of forward settlement and sale business contracts, and if the exchange rate fluctuates in the future, the deviation from the forward settlement and sale business contracts will also result in exchange losses.
(2) Risks of internal control
Forward closing and selling of foreign exchange business is highly specialized and complex, which may pose risks due to inadequate internal control mechanism.
(3) The risk of default on the transaction
In the event of default, the counterparty of the forward closing and sale of foreign exchange business cannot pay the profits of the company's forward settlement and sale of foreign exchange transactions in accordance with the agreement, thus failing to hedge the actual exchange losses of the company, which will result in the loss of the company.
(4) The risk of receiving and receiving payment forecast
The company according to sales orders and purchase orders, such as collection and payment forecast, in the actual implementation process, customers or suppliers may adjust the order, resulting in the company's payment forecast is not correct, resulting in delivery risk.
6. Risk control measures taken by the company
(1) In order to avoid the risk of large fluctuations in exchange rates, the Company will strengthen the research and analysis of exchange rates, pay real-time attention to changes in the international market environment, adjust business strategies in a timely manner, and minimize exchange losses.
(2) In order to control the risk of default on a transaction, the company shall conduct forward settlement and sale of foreign exchange only with financial institutions approved by the State Administration of Foreign Exchange and the Chinese People's Bank, qualified for the operation of forward settlement and sale of foreign exchange options, and pay close attention to relevant policies and regulations at home and abroad to ensure the legality of the conduct of transaction management.
(3) The Company will carefully review the terms of contracts with eligible financial institutions and strictly implement the risk management system to guard against legal risks.
(4) The company's forward settlement and sale of foreign exchange business must be based on the company's careful forecast of foreign currency receipts (payments), and the delivery date of the forward settlement and sale of foreign exchange business shall match the foreign currency receipt, deposit time or foreign currency payment time predicted by the company. The foreign currency amount of the transaction contract must not exceed the foreign currency receipt or the forecast amount of the foreign currency payment.
(5) In order to prevent the deferred delivery of forward closing and sale of foreign exchange, the Company shall control the total amount of foreign exchange funds and the time of settlement and sale of foreign exchange in strict accordance with the payment plan.
(6) The Company shall regularly review the actual operation, use of funds and profit and loss of forward settlement and sale of foreign exchange business.
The impact of forward closing and selling of foreign exchange business on the company
At present, there is great uncertainty about global economic and trade relations and economic development trends, foreign exchange rate fluctuations are large, the conduct of this business is conducive to the company to avoid the risk of exchange rate fluctuations, as far as possible to minimize the adverse effects of the company due to foreign currency exchange rate changes. The business is to meet the company's own actual business needs, in line with the overall interests of the company and long-term development, there is no harm to the interests of the company and shareholders.
Opinions of independent directors
Upon verification, the independent directors believe that the company's forward settlement and sale of foreign exchange business is carried out around the company's main business,
It is necessary to avoid and prevent the risk of exchange rate fluctuation in order to protect normal operating profit.
The decision-making procedure in this matter conforms to the relevant laws, regulations and the provisions of the Articles of Association, and the review procedure is lawful and valid, and there is no situation that harms the interests of the company and all shareholders, especially small and medium-sized shareholders. All independent directors agree that the Company will conduct forward closing and selling foreign exchange business this time.
Opinions of the Supervisory Board
After examination, the Supervisory Board held that: the company's forward settlement and sale of foreign exchange business is carried out around the company's main business, to currency preservation and avoid exchange rate risks for the purpose, rather than purely for profit purposes of forward foreign exchange transactions. This matter complies with the relevant laws and regulations, normative documents and the Articles of Association, and the review procedure is lawful and effective. Therefore, the Supervisory Board agreed to the Company's forward settlement and sale of foreign exchange business this time.
Ten, check the documents
(1) Resolution of the 12th Meeting of the 4th Board of Directors of Dongguan Yi'an Technology Co., Ltd.
(2) Resolution of the 11th Meeting of the 4th Supervisory Board of Dongguan Yi'an Technology Co., Ltd.
(3) Independent Opinions of Independent Directors of Dongguan Yi'an Technology Co., Ltd. on Matters Related to the 12th Meeting of the 4th Board of Directors of the Company
We hereby make this announcement.
Dongguan Yi'an Technology Co., Ltd
June 29, 2021
It appears a US entity will be purchasing up to $30M of equipment from Eontec.
From Josh at another site:
What $30 million Whale will only pay in US$?
https://pdf.dfcfw.com/pdf/H2_AN202106291500755234_1.pdf
https://docs.google.com/document/d/1BY3FdcsAZJdoeeXB3rZFua4CK2cDeJOC0Gx6-rE09Js/edit
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3. The scale of the forward foreign exchange settlement and sale business, the business period, and the business authorized
company intends to use its own funds to carry out the forward foreign exchange settlement and sale business, the total amount does not exceed 30 million U.S. dollars (or equivalent in other currencies), and it can be rolled within the quota. Use, the validity period is 12 months from the date of review and approval by the board of directors. The company's board of directors authorizes the management to carry out forward foreign exchange settlement and sale business within this limit according to business conditions and actual needs.
They actually have 32 part mold cavities now (for small enough parts) making the small parts highly cost efficient and scalable.
Apple just completed the update of the LQMT Trademark to include hinges and small gears (among other items).
Apple has been testing BMG hinges this past summer for idevices. People speculated it to be for a foldable phone, but I think it was for the Macbook Pro/Air which are due second half of this year. These devices are said to be redesigned with a much thinner body (which was already extremely thin to begin with).
ASHM seemed to me to be thrown together hastily, as if they had other plans. The Macbook Pro was expected to be released days before the ASHM, but Apple pulled it for an unknown reason.
And Apple Watch 7 expected for release in September, also with a completely redesigned body.
Apple puts out RFP's for any new part they plan to use. Any company in the world that can meet the specifications for the best price, will be awarded the production of that part. Apple produces nothing themselves. Pretty simple, you seem to want to complicate it.
Because who else can provide it? Eon/LQMT are the only companies in the world who can provide it and have the expertise and patented machines and molds to make the parts Apple needs. Of course Apple will pay for this. But they won't have to pay to use the Trademark. But who cares about that, because once Apple uses the LQMT Trademark, this company will become known worldwide. What do you think will happen with the share price?
Do you understand the difference between a trademark and a license to use a material? The two are mutually exclusive. LQMT only advertises 106C, this is NOT part of CIP. If Apple uses 106C (or a variant), they must pay to use the material. But they still own the trademark and do not have to pay for this.
Two of the new updated trademarks were finalizedon 6/15. These Trademarks belongto Crucible(Apple) and the major changes with the trademarkincludes hinges and gears. (Thanks to gamesc for posting this on another site) Clearly Apple is still involved here. Please note the Apple hinge patent from earlier this year that uses micro sized gears (BMG only application). This patent was for any I device, including a MacBook Pro...
https://tsdr.uspto.gov/documentviewer?caseId=sn88863010&docId=ORC20210530022654#docIndex=0&page=1
https://tsdr.uspto.gov/documentviewer?caseId=sn88862972&docId=ORC20210530022653#docIndex=0&page=1
Not sure what you are talking about with all the other things you wrote....all I stated was that the meeting will start at 9am PT and be live.
It starts at 9am PT, will be live.
Because it is either not yet being sold in the EU or US, hence no need to announce. Or even if it starts to sell in these areas, an NDA may preclude public disclosure.
The device must be sold in EU or US for revenue to go to LQMT. Don't worry, there will be positive news coming soon.
Yes, I get plenty of Proxies and have never seen this statement.
So please post the pic of any other company Proxy.
Simply click on your mailbox, click on my profile, click on edit profile image (on left side of screen), click browse to find the file on your PC, click upload and it will upload that image. Then highlight the embedded image address under the image and paste it in the post.
So you have no excuse now not to post another image from another company.
2020 Gross Profit on sales was $368K. A 250% increase to this would be $1,288,000 profit for 2021. Not including royalties. And that is only from Yihao. We should hear soon who our US manufacture will be.
Yes, regardless if delay or terminated, the important take away is that they are using funds to increase production capacity now. This is due to an increase in demand.
So the initial plan was to build the R&D Center first and then the BMG production facility. I read the announcement to state that they are delaying the R&D Center and moving up the expansion of BMG production to present. This means they are not meeting demands with the current production facilities and are building more production capacity now instead of later.
LK makes the base machine. Not the final. After LK it goes to one of the maze companies that transforms it into our BMG machine. So looking at LK's price is irrelevant. All the modifications and automation done to these machines under the JDP is now fully available to LQMT.
Actually, you have it backwards. LQMT can do what it wants now with LM016C and the fully automated LM Die Cast Machines which were jointly developed under the PLA.
You might want to call and see if you can attend, if you plant to. The fact that it is being held live via webcast implies no in person attendance.