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From PrometalTech website: "WINTOP is the parent company of PrometalTech, and supply more than five thousand CNC machines annually, mainly to largest EMS companies including Foxconn, BYD, Jabil, etc. WINTOP has been searching for new technologies to meet product requirements that demand high performance metal products with high cosmetic finishes. In this respect, AM is the best emerging technology to provide the most value to customers in conjunction with durable WINTOP’s CNC for AM machining."
Looks like this company may be a supplier of amorphous alloy die cast and/or injection mold machines to Apples suppliers. The more info that continues to trickle out, the more impressed I am with Li.
He is the real deal.
No idea, maybe they forgot to pay their web hosting provider. Or maybe the company is no longer. Or maybe it never really existed and was just a shell company. Your guess is as good as mine.
Never questioned the nepotism you note in this company and don't like it either. Just find it odd that you have been so negative towards Stephanie in the past and called for her removal along with the others you note, but now you call her a great research scientist. Your statements towards her are inconsistent.
Funny, about two years ago he totally trashed her calling her dead wood that should be removed along with a list of others. Now he says she's a great scientist. I have been on this board for four years and have noted some discrepancies with that user name.
Agree, it will take at least that much time to get a 20+ machine facility going. As long as we continued progess towards this goal, shareholders can remain content.
How about you demonstrate how you believe that Li purchased 300,000,000 shares of common stock in this company just to let all the revenues to go elsewhere and the share price to tank?
I'm not an attorney, but since most articles reference "liquid metal " and not the trademark Liquidmetal name when discussing it's use in non-Apple CE devices, I'm guessing he is staying away from using the Trademark name for this area.
Apple does not have the rights to Li's formulas. Unless Apple buys the rights to Li's formulas, he can sell them to anyone he wants.
"In fact, if they are willing to announce the deal with Samsung, why not let LiquidMetal announce their huge contract? "
Because Apply has already decided on OLED for this years models. They have likely not decided on the body of the phone yet. They probably still have many prototypes under evaluation.
It will likely be announced who the manufacturer is (usually not directly by Apple) once Apple has decided. That usually comes later in the year. But still may not know the material used even then, just will know who is making the cases.
Yes, I did. He still lists his title as VP Engineering at Liquidmetal.
Where did you see this? His LinkedIn profile still lists himself as employed with
Liquidmetal. Would think he would have changed this.
The original LM driver heads were die cast heads and were subject to cracking and failing. The new LM that is injection molded doesn't have these flaws so in theory could be used. However, the size limitation prohibits it from molding an entire driver head (too large a part). They could make just a face insert for a driver, however, the USGA put a limit on the coefficient of restitution (COR) some years ago which put a damper on using LM on the face of a driver as the COR would be far exceeded. There is no COR limit on other clubs yet, so in theory the material could still be used as a face insert for
other clubs. So there is still a market there that could be tapped. The company no longer makes its own clubs, but changed its strategy to selling LM to existing club makers (such as Callaway, Taylormade etc) to incorporate the material into their clubs. We will see how it pans out.
Where did you get "20 dozen" machines from? Did Li state this?
Excellent find! And this company produced the Socket Mobile Liquidmetal Scanner. Now we need to find out how this company is related to Liquidmetal.
TRI has been around for at least 4 years now promising everything and delivering nothing. Their prior phone model was supposed to use block chain technology and be the most secure phone in the world. Apparently that got dropped. It was shown on this board that Li has ties to this company and the idea was floated that TRI may just have been shell company used to negotiate with Apple.
Why is this bad news? It is very good news as it points towards the use of sapphire in phones which points towards LM being used. Go back to the LM/Sapphire unibody phone patents that were updated the end of last year. This laser machine could be used to polish a sapphire translucent screen that is encased in LM (which protects the sapphire from cracks/breaks). If the ceramic sapphire is used, it is a very good sign for LM.
As Josh noted, Li is setting his companies up to be able to supply Apple AND other companies in the CE field. Apple can use the high end injection mold materials and other CE companies (like cell phone makers in China) will use the less expensive die cast materials (which are not covered in Apple's agreement ). It's a perfect win-win for all of his companies. This guy is a very shrewd business man and will dramatically improve this company in the next year or two.
Excellent point, I agree that Apple does not appear to have exclusive CE rights to DC-105s. Li may intend to sell this to other phone makers. The question is, will any revenue and benefit by seen by LQMT shareholders under this scenario?
Can you please explain how Li's investment put a "freeze" on all sales for 9 months? Thanks
Thanks, so both alloys can be used in Engel machines. But only Li's alloy works in Li's machine.
Can you please provide the source for your statement that materion ingots will not work in Eontec machine? My recollection was that they do work in both machines. Thanks
Has anyone determined where this new Eontec machine is to be housed? If I recall correctly, the posters on this board concluded that the current location of the two Engel machines was at or very near the maximum capacity of that location. There was some type of restraint at the location.
Yes, one machine is very disappointing. So we are supposed to make $ with one Eontec machine and two Engel machines? ? Boy I hope he is opening a large facility in China.
In the Q4 Earnings call on 3/16/16, Hauck stated: "We track the value of these applications in terms of projected annualized revenue. Our list totaled $500,000 at the end of 2014 but grew to 27 million by the end of 2015. Seeing in the increase in application opportunities is exciting, however, more important to me is the quality of customers we’ve managed to engage with to see their serious interest in our technology.
We are talking to global leaders in a broad range of markets. In the medical market, we are seeing many applications from the largest medical device manufacturers in the world. We are also discussing joint development agreements, which demonstrates strong interest by customers to leverage the benefits of our technology.
The automotive market also continues to show interest in our technology and we are discussing opportunities to both directly manufacture parts and to license our manufacturing technology.
While our sales cycle is long, our efforts throughout 2015 have moved several applications far enough along the development path that we anticipate being able to secure 10 to 15 new customer orders this year. I am enthusiastic about our ability to achieve these results evidenced by the nine orders we received in 2015, all of which were identified on our 2014 opportunities list."
I am only aware that he estimated 10-15 new customer orders in 2016, not contracts. I suppose we may find out in the next earnings call how many orders they had in 2016 - if Hauck participates in the call.
Do you have the link to show where he made this statement? I don't recall that statement being made. Thanks
Its the latter. The last paragraph sums up the case study well:
White paper
In summary, a potential user can see that Liquidmetal alloy LM105 is not an efficient electromagnetic shielding material and is actually quite transparent to RF radiation when compared to ferrous materials with similar densities and strengths. However, with a large enough wall-thickness and Faraday cage designs, it is possible to create a barrier for weak signals if necessary.
It provides less shielding than typical ferrous metals. Ergo, good for scanners or cell phones etc. Socket Mobile had a LM Scanner that was on their website for a while and then removed. They even had a case study (also removed) of the Postal Service in England using this LM scanner in their fleet.
He knows? What does he know?
He couldn't know anything because that would be insider trading, right?? :)
If there is a large announcement on the 15th and he knew about it
before making the trades, then it is text book insider trading.
http://www.sec.gov/answers/insider.htm
Buys 6,144,242 / Sells 3,510,435
This stock moved 4 cents on only 2.63M purchased shares.
"Illegal insider trading refers generally to buying or selling a security, in breach of a fiduciary duty or other relationship of trust and confidence, while in possession of material, nonpublic information about the security."
http://www.sec.gov/answers/insider.htm
Not sure why there is all this speculation when he already announced the next step on Eontec's website for a day. Just go back and read what they posted:
4. Factory for Amorphous alloy raw material: Eontec and LQMT is planning to start our own facility to make our proprietory patented raw material ready for bulk supply to the industry, in another word, dominate the Amorphous alloy raw material supply market.
5. Factory for related production equipment: Eontec, LQMT, Ingel (Austria) has joined force to start a China manufacturing point ready for the next generation of Amorphous alloy manufacturing.
Sounds pretty clear to me that they will soon be announcing this joint facility with Engel in China.
https://ycharts.com/companies/LQMT/market_cap
Market cap has fallen as share price has dropped, until more dilution has occurred which raised it back up. Y charts only goes back 5 years. But it was much higher in the early years when the price was significantly higher, even with the smaller # of shares outstanding.
But the other poster was correct in that the increase in market cap is certainly not due to growth.
Yes market cap increases with dilution. But has declined between dilutions. 2014-16 saw steady decline in market cap. Go way back to when the price was $20/share with 100M outstanding, far higher market cap that what we see today, even after the Li deal. But you are correct that when it has increased, it was for the wrong reasons.
I believe you mean to say that the number of shares outstanding has grown through the years, not the market cap. Market cap is defined as the share price times the number of shares outstanding at any point in time. Market cap for LQMT had declined steadily to the low point earlier this year when the share price was around 6 cents.
The fact that Li has already announced a joint manufacturing facility in China with LM and Engel tells me that Apple is involved as they are connected to Engel. So I am not ruling out a contract for some small parts in the new MacBook that Apple recently announced. If this were the case, I would expect the conference call to be done before year end.
Li already told the world (for one day) what LQMT will announce
on their next conference call - for those that were paying attention:
"4. Factory for Amorphous alloy raw material: Eontec and LQMT is planning to start our own facility to make our proprietory patented raw material ready for bulk supply to the industry, in another word, dominate the Amorphous alloy raw material supply market.
5. Factory for related production equipment: Eontec, LQMT, Ingel (Austria) has joined force to start a China manufacturing point ready for the next generation of Amorphous alloy manufacturing."
They are going to announce their new joint manufacturing facility in China.
Just went through the 10-Q posted online and could not find anything related to lawsuit or legal proceedings. Only found the statement: " Item 1 – Legal Proceedings
There have been no significant developments with respect to legal proceedings specifically affecting Liquidmetal Technologies, Inc. or its subsidiaries since the filing of the 2015 Annual Report."
So perhaps this means whatever the delay was, it was immaterial?
http://seekingalpha.com/filing/3290749?app=1&uprof=45
"Perhaps, and my best answer is that Lugee Li's own auditors could not come to terms with the current auditor's audit and wanted to make some changes to the filing."
One has to believe Lugee Li's auditors have already completed a thorough financial review prior to him investing into this company. I find it hard to believe this would be the cause of delay. Seems more plausible that something else external to the company caused it.
No, the sapphire portion would be transparent. There was a great blog written by a materials engineer a couple years ago from a guy who stated to be related to apple. He wrote a very detailed scientific document on why he believe that apple will be using a unibody liquidmetal/sapphire case in one of its future phones. It had much to do with the properties of each of these materials (hardness coefficients, thermal expansion properties etc.) and how they are unique to each other in that they can be perfectly molded together and form a perfect bond. We know the beneficial properties of liquidmetal and there are many beneficial properties to the sapphire screen. He laid the argument out quite well and made a very compelling argument. Some of the info he provided I had not seen in crucibles patents, so not sure where he got his info from. I cannot find this web blog any longer though and wish I had copied and saved it.
Materion Earnings Call Transcript - Joe Kelly:
"Now let me review our performance by business. Our Performance Alloys and Composites segment value-added sales totaled $87.2 million in the third quarter of 2016, an increase of 10% from the $79.6 million of value added sales recorded in the prior year third quarter.
The increase in value-added sales compared to the prior year period can be attributed to increased raw material beryllium hydroxide sales and success with new product connector material being sold into the consumer electronics market. 70% of the segment's quarterly value-added sales growth in this end market can be attributed to this newly developed connector material."
That is $5.3M in sales this quarter alone for this "newly developed connector material". Could this be BMG used in the Macbook?