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Maybe I'm incorrect but I don't think any of LQMT's patented formlations includes gold and gallium. So I am thinking this is not a LQMT "liquid metal".
So you think that when he is using the term "glass", that he is referring to a silica based glass such as gorilla glass and not BMG or ceramic? If this is correct, then what is your rational for this belief? There has not been any other description provided from this insider other than the word "glass" to be used for the chassis.
"I have always believed when Ming Chi Kuo says "glass", he meant "non metallic glass""
Josh - what exactly do you mean by a "non metallic glass"?
Thanks for the response. I am not sure this technology is just software though. When you read the article I sent in the prior post, the Turing CEO (Chao) makes the statements "They employ a software–based crypto-technology that creates a circle of trust. But in our terms we think that the software based encryption can still be compromised,” said Chao. “But when it comes to hardware, it’s far more difficult to hack to obtain your private key.”"
The Turing Phone is molded from a single unit of liquidmorphium, an alloy of zirconium, copper, aluminum, nickel and silver that provides greater tensile strength than either titanium or steel, according to the statement."
This statement implies that the hardware in the phone is being used as part of the encryption process. It appears the private security key is part of the phones hardware. This could be where LM comes in.
Sorry to disagree, but the Turing Phone has revolutionary security technology for smart phones. Its called blockchain technology and is most widely know to be used by bitcoin. It allows data to be transferred securely between users without any third party authentication. It is the future of security and is going to change allot of how we doing things in the future. Here is an article about Turing's blockchain technology: http://upstart.bizjournals.com/entrepreneurs/hot-shots/2015/04/23/turing-robotics-industries-unveils-first-phone.html?page=all
And here is a general article about blockchain technology and how it work and its uses: http://www.fastcoexist.com/3056481/how-the-technology-behind-bitcoin-is-going-to-change-the-lives-of-the-bottom-billion.
I believe Apple is very interested in this technology that Li has developed for smart phone use. I think it is very possible that Li launched the Turing Phone at this time not with the real intent to commercialize, but more so as a bargaining or leverage to negotiate with Apple. It certainly is not coincidence that he has showed up and is involved with LM. There is something going on between these three parties and we will learn about it within the next year or so. And hopefully whatever the outcome is, will be beneficial for the shareholders.
"They won't be able to do mass production runs for companies like Apple," Why not? Engel machines have been ready for mass production for about a year now. What about the plastic injection molding machines that Catcher used for the IPhone 5? They could already be retrofitted to LM and ready for production. Even if only for some minor parts of one of the the IPhone 7 models. If they do plan to use LM in a major way in next years model (which is already rumored), it would not be unreasonable to use it on a limited basis for this model to test the production capabilities.
I am sure it is virtually impossible to predict what a communist dictatorship government will do. I personally believe that Li is making this transaction from his own funds and not his company funds in order to try to minimize issues with the ChiComm government. I understand (from what I have read) that and corporate financial transactions outside of the country are very heavily scrutinized by the ChiComm government. A transaction with personal funds probably would see less scrutiny. However, Li may have underestimated the level of scrutiny even with this type of transaction.
"However, what WILL bring the pps down is that this means there are obviously no large producton runs/projects/deals, as some had surmised or hoped, on the horizon or in the pipeline between now and December."
Really? How do you know this? Do you have insider information?
So Engel will not be able to complete any contracts by year end? So LQMT will not be able to complete any smaller contracts by year end? Li's coming aboard has nothing to do with any revenue or contracts this year...regardless of whether the contract is completed now or at year end. Li is being brought in for FUTURE projects...meaning 2017 earliest. However, Engel may very well have customers ready at present. The Li deal will have no bearing on immediate contracts.
If you read the last CC, Steipp stated "We will do everything possible to get this funding closed, but are keenly aware of some of the challenges of getting funds transferred between China and the U.S." Hedidn't say between the companies, he said China and US, implying that one or both governments may be holding the transfer up. More than likely the Chicom's. So it may be no fault of either party. And both parties agreed to extend, so it is shouldn't be seen as a negative event. With this stock, patience is a virtue.
It is interesting that there is not much discussion about any of the materials being used in this years phone. In past years models there were a substantial amount of articles about the materials.
Apple gets their current bodies from a number of different manufacturers in different parts of the world. One of the major ones in Cathcer in Taiwan. China will likely require (or strongly suggest) that future iphone bodies sold in China be made in China. Hence the Li connection - and why Cook has been visiting there recently. Apple will likely have multiple manufacturers in multiple countries making the bodies of the next phones. I believe Catcher already has a large number of Engel molding machines as they made many of the iphone 5 plastic cases. These machines can be retrofitted to LM from what I understand. So we would never see or hear about this from Engle or any other entity (and could already be done). But you are correct that Apple is incredibly secret in everything they do.
This question was discussed a year or two ago and I recall that the current two machines is either at or very near the maximum capacity of the current facility. I can't recall of it was zoning issues or electrical issues, but there was some limitation to the current site to only a few machines. So yes, if they need even just a few more machines, they would likely need to move to another location.
Many articles about the iphones non-moving flush home button that will use pressure sensors underneath. The source is cited as highly credible. "Mac Otakara's report refers back to an April home button rumor from Stormmedia and confirms its veracity, citing unspecified supply chain sources and saying there's a "high possibility" the rumor is accurate." Why is the supply chain "unspecified"?
http://www.macrumors.com/2016/07/26/iphone-7-flush-3d-touch-home-button/
You will not be told anything of substance on the cc, other than their minimum financial reporting obligations. They will hand pick a few idiot callers that will tell them how cool their product is and then ask a couple stupid questions in which they will provide non-re
sponse responses. And then they will make a few vague statements about future prospects and then hang up. Nothing will happen publicly with this company until Apple uses this material. Until then they will continue to keep their mouths shut.
Article says the first phones to be shipped July 12th. A week ago... anyone receive this phone yet? Have any actually gone out? Perhaps they yet again pushed back the date?
Thank you for clarifying.
This, as well as the prior patent you posted a couple days ago, makes no reference to BMG, Liqidmetal, Alloy, or glass. None of these keywords are used. Only plastic and metal is used for material terms. So I am not understanding the link between these patents and Liqidmetal. Am I missing something? Thanks
ZADESKI listed as on of the inventors of this patent filed today?
So he is still with Apple and still working on BMG? Interesting...
It is the first technology that makes it to mass production that wins, not the best technology (just ask Bill Gates). The first to the market will win the $$ and then will buy out the competition. LM is far ahead of the other technologies in terms of commercialization. Those other two technologies may very well be purchased by LM (Li, not Steipp)in 5-10 years. Li has a much broader and better understanding of how to grow this material.
Excellent find rige...the last sentence states "For further details contact Patrick Bracke of Greentech Machinery on TEL: 083 444 7012 or email patrick@greentechmachinery.co.za"
If you go to the website of http://www.greentechmachinery.co.za/#
you find the main web page with the statement "Something new and exciting coming soon." And shows a photo of a what appears to be a portion of an Engel LM Machine. This company is located in South Africa. Doesn't seem a stretch to figure that they may very well be purchasing/using LM Engel machines. Great find!
http://www.forbes.com/sites/gordonkelly/2016/06/16/iphone-7-leak-no-more-home-button/#182c8c23508b
http://www.forbes.com/sites/ewanspence/2016/06/17/apple-news-digest-iphone-leak-watchos-macos-ios-tvos-siri-wwdc/#2c94a79f198e
"Following leaks in April, MobiPicker has published photos of what it claims is a new iPhone 7 home button and it is the biggest redesign since Touch ID. In short: it’s no longer a button.
Instead Apple has turned it into a touch sensitive surface. As MobiPicker explains:
“Our source tells us that this button is perfectly in level with the rest of the bezel and cannot be pressed in. The button is touch-sensitive and users will have to perform tapping actions for various functions, like tap and hold for Siri, double tap to see the running apps, etc.”
This, in addition to the IOS 10 with greatly expanded 3d touch, looks promising for the use of LM in the home button. While not a huge part of the phone, it is certainly better than nothing. It would also make sense for Apple to try this material (with the new Engel machines) on a small scale before on a large scale in the next model.
It does appear the ChiComms are going after Apple.
http://seekingalpha.com/news/3189413-cnbc-apple-products-still-sale-china
It makes one wonder if this is perhaps the reason why there is a
shared IP deal with Li and his Chinese company. Perhaps the ChiComm govt. is pushing Apple to produce LM there for future CE products in their country.
Hi RG, the Turing Phone was created and developed by Turing Robotics whos CEO is SYL Chao. The Turing Phone is stated to use Liquidmorphium™ which was developed by Prof. Lugee Li, founder of New Technology and Material, Inc., (and also Founder/Chairman of Eontec and personal investor in Liquidmetal Technologies) and material scientist Dr. Atakan Peker, co-inventor of the liquidmetal alloy.
I am not sure that it is accurate to state that Eontec makes the phone, but they might be supplying the "Liquidmorphium™" for it.
http://www.prnewswire.com/news-releases/turing-robotic-industries-to-launch-first-turing-phone-300070908.html
https://www.engadget.com/2016/06/13/apples-ios-10-is-all-about-expanded-3d-touch/
"Apple announces iOS 10, which puts 3D Touch almost everywhere"
Hopefully also in a pressure sensitive home button too.
iphone 4 used Aluminosilicate Glass, very similar to gorilla glass,
http://www.tested.com/tech/smartphones/429-whats-so-special-about-iphone-4s-aluminosilicate-glass/
Do you really think Materion is going to announce a ramp up in BMG production for Apple (just like GTAT did)??
It was Huck that made the statements about prospective contacts this year.
Here is a historical article from 2013 about LQMT supplying the canards for the MHTK. There is also a link in the article to the case study KQMT conducted. Its good to see there is some progress with this project from Lockheed. Thanks for the article you provided.
http://www.dailyfinance.com/2013/10/15/liquidmetal-missile-canard-targeted-for-future-loc/
Really, how are you so sure about this?
Yes, it would appear that the language change would allow Apple to
use LM in their Apple Watch. I wish the question could have been asked at the last conference call, although they probably wouldn't give a straight answer anyway. I guess time will tell.
"In March 2009, we entered into a license agreement with Swatch Group, Ltd. ("Swatch") under which Swatch was granted a perpetual non-exclusive license to our technology to produce and market watches and certain other luxury products. In March 2011, this license agreement was amended to grant Swatch exclusive rights as to watches, and our license agreement with LLPG was simultaneously amended to exclude watches from LLPG's rights. We will receive royalty payments over the life of the contract on all Liquidmetal products produced and sold by Swatch. The license agreement with Swatch will expire on the expiration date of the last licensed patent. "
Yes, but please explain how revenue will come back Liqidmetal if a large non-ce order is manufactured in China.
This was the best post of the day sparky. You are absolutely correct. This company just gave about 30% of the existing shareholders equity to a foreign entity in exchange for $60M cash. Additionally they gave 3 spots on the Board which will give them enormous power in the company. And this entity can produce a wide variety of LM products in Asia under the trademark name of Liquidmetal with no royalties coming back to the company (and shareholders).
So if you are a large medical company looking for a LM device, you can get the parts from Liquidmetal Technologies in the US or Europe (via Engel) which will bring revenue back to the company and shareholders. Or you can go to this company in China and purchase the LM parts from them (possibly at lower cost) and pay no royalties to the company or shareholders. So shareholders get nothing for LM devices made in China (or anywhere in Asia). That is not good for the shareholder as it in effect has created competition for ourselves, at our cost. Even if there is a huge medical contract in China, I cannot see how revenue gets back to this company and shareholder. Please someone correct me here if I am missing something.
At the end of the day, this just bought more time for the company to sell its products through Engel. At the cost of the shareholder. After reviewing this 8K, I still think Engel (and Apple) are the only hope for substantial revenue for this company and shareholder. Unless it comes up with new products and ways to manufacture the new products.
I still cannot figure out why they did this, especially if they have pending Engel contracts with pending revenues. Makes no sense to give up this much control of the company.
http://seekingalpha.com/news/3167113-liquidmetal-raising-63m-part-alliance-chinese-firm-shares-jump
For better or worse, this is legit.
Securities code: 300328 Securities abbreviation: Yi an Tech Bulletin ID: 2016-015
Dongguan Yi ' an technology company limited
On the actual control of the company, and investment control of liquid metal Liquidmetal Technologies, Inc. and the company with the Liquidmetal Technologies,Inc. sign
Strategic cooperation agreements (parallel licensing agreements) notice
The company and all members of the Board to ensure the disclosure of truthful, accurate and complete, no false record, misleading statement or material omission.
Dongguan Yi ' an technology company limited (hereinafter " Yi ' an technology " " Company " ) And Liquidmetal Technologies,Inc. (registered in United States) (hereinafter " LQMT " ) In liquid metal field are has their advantage resources, for promoted liquid metal related technology development and the cooperation process, better to promote liquid metal technology of industry into and application, company actual control people Li Yangde Mr control of liquid metal limited (this company is for shares LQMT established of, registered to for Hong Kong) intends shares United States OTCBB tone listed Enterprise LQMT 18% of equity and signed related cooperation agreement, LQMT signed a strategic cooperation agreement with the company simultaneously (parallel agreement). Will now be announced as follows:
A, LQMT profile
(A) name: Liquidmetal Technologies, Inc.
(United States listed on the OTCBB company)
(B) registered address: 1209 Orange Street,Wilmington, DE 19801,USA.
(C) type: company
(D) the registered capital: us $ 710,000.00
(E) operating range: operation of amorphous metal product development and sales
(F) established: May 15, 2003
(G) the past three-year period the main Financial indicators are as follows :
Project
The year 2012
The year 2013
The year 2014
2015 1 September
Total assets
8,973
4,103
12,284
9,006
Shareholders ' equity
-1,572
-2,703
8,617
5,626
Total income
650
1,026
603
107
Net profit
-14,025
-14,206
-6,546
-5,789
Data from finance.Yahoo.com
Second, liquid metals, Ltd plans to invest LQMT and Yi ' an technology LQMT signed a strategic cooperation agreement with (parallel agreement)
(A) recently, company actual control people Li Yangde Mr control of liquid metal limited and LQMT signed cooperation agreement, both agreed liquid metal limited shares LQMT 18% of equity, for LQMT first big shareholders, Li Yangde Mr served as LQMT Director, and in future further holdings to 46% around; while company and LQMT signed strategy cooperation agreement (parallel license agreement), both agreed will their of patent, and trademark authorized other in their of exclusive regional within using.
(B) the actual control of the company, and shares control of liquid metal LQMT Mr Li Yangde 18% stakes, LQMT signed a strategic cooperation agreement with the company (parallel agreement) constitute a connected transaction. Liquid metal under the actual control of the company control limited investment LQMT companies LQMT signed a strategic cooperation agreement with (parallel agreement) Bill be submitted to the company's Board of Directors for consideration. Independent Director independent comments on the Bill, details of cninfo online disclosure of information-related announcements.
(C) liquid metals limited shares in the early first LQMT mainly for the following reasons:
1, LQMT United States listed on the OTCBB company, appropriate technology such as direct participation involves long approval process, could not immediately seize the investment opportunities. Liquid metals limited is registered for Hong Kong enterprises, investment more flexible and time advantages.
2,, and willing to go ahead using its own funds invested in liquid metal, and strive to retain access to the investment of science and technology consolidation opportunities. And its commitment to future interests in LQMT share, to the amount of their investment and the corresponding financial costs, reasonable taxes and fees associated with the project, such as determining the fair price, Yian technology preference.
3 ? LQMT Now In a State of operating losses, if Yi ' an technology direct stakes in, may adversely affect Yi ' an technology, in favor of Yee on branch Ripe circumstances, by Yi ' an technology, and holds the liquid metal LQMT For all of the shares.
Three, and investments, liquid metal LQMT companies LQMT signed a strategic cooperation agreement with (parallel agreement) of the objective and its impact on companies
(A) LQMT advantage
1, patent advantage
As United States OTCBB tone listed enterprise, LQMT is world top of block non-Crystal metal of development and the commercial enterprise, has global most core, and most full of block non-Crystal metal related of intellectual property, also is United States Apple company in block non-Crystal metal and the technology of relies on units (LQMT from February 2013 began license Apple company in consumption electronic products field exclusive using its non-Crystal metal all patent and the intellectual property).
2, marketing advantages
Apple, Microsoft, Google and other big corporate headquarters, CMF, and design departments in the United States, California, LQMT on promotion of bulk amorphous has natural advantages.
3, niche market advantage
LQMT had worked closely with luxury brands such as Vertu,Omega, for luxury goods market has its own unique market advantage. Also, like many other fields of science and technology, such as medical, auto, golf, aerospace, tool has been developed and potential customers.
4, visibility
" Liquid metal " Nouns are used by LQMT was founded and the exclusive LIQUIDMETAL trademark, and is the industry standard-setters, and visibility was near-monopoly in the market. There are a large number of enquiries and visitors per month, almost no difficulty in marketing.
(B) advantages of Yian technology
1, technology and research and development advantages
Yi an tech ultra 20 Materials research for many years Preparation, molding, tooling, machinery and production experience, has a complete industrial chain, has a very high position in metals, has now become a materials company with strong growth potential, to consolidate top scientific resources in the field of liquid metal, liquid metal patents related to scientific research institutes, institutions of rapid industrialization. Yi ' an technology combined with the Institute of metal research, Chinese Academy of Sciences, has excellent solutions for technical problems. In the top a-expert technical support in recent years, the successful development and production of large bulk amorphous series, is the only company in the world to announce so far with large bulk amorphous metals forming ability of enterprises .
2, market advantage
China is the global production base for a variety of industries, especially in consumer electronics, auto parts, tooling fixtures, audio, sports goods, medical equipment, with the visibility of Yian technology for many years, if you have the best products, the market is easy to explore.
3, capital platform
Yi ' an technology to the transformation and upgrading of new materials has been active since the listing, by virtue of its resources in the capital market, the opportunity to obtain funding to further expand production and develop new markets.
(C) shares after LQMT's influence on Yi ' an technology
1, and after shareholder LQMT, liquid metal, in order to avoid competition in the industry, at the right time, all rights associated with LQMT (including equity) are priority assigned to Yi ' an technology at a fair price.
2, in terms of production technology, LQMT amorphous metals is the world's most prestigious Research Institute, covering the world's most amorphous metal core formula, key processing technology and related intellectual property rights, due to the lack of mold design, equipment design, production technology, has been confined to the production of small products.
Yian technology by liquid metals limited shares after LQMT will organize the world's two greatest amorphous business resources and intellectual property advantage, to further strengthen production technology of amorphous metal is bound to accelerate the commercial applications of amorphous metals, promoted revolutionary breakthrough of amorphous metals to improve the company's amorphous alloy industry product technology content and added value in the field, create new sources of profit growth for the company.
3, in terms of marketing and research, LQMT and build Apple's research team, previously limited to materials research and development, and Yi ' an technology cooperation, will provide a lot of machinery, equipment and production technology, third-party applications to develop new products in the future.
Besides Apple, and other companies such as SWATCH's watch industry, LLPG luxury industry, and golf, racquet sports equipment, medical, tools, cars, Intelligent robot equipment, stereos, and so on, will have leap-type development.
Four, concerning the regulation of related party transactions and to avoid competition with the commitment letter
Company Actual control of Mr Li Yangde, and shares control of liquid metal LQMT Unit Right after the company and the LQMT Signed strategic cooperation agreements (parallel agreement) constitute a connected transaction. While LQMT business with the same composition . Specification for related party transactions and to avoid competition, Mr Li Yangde actual control of the company and its letter of commitment control of liquid metal. Details of cninfo information network
Related announcement on disclosure.
Hereby notice.
Dongguan Yi ' an technology company limited
The Board of Directors
2016 Year 3 Month 10
Thanks for the response and yes the BMG is made in the Brush Bertllium & Composite Division but is also considered an alloy. If you look at their website, BMG is listed under Performance Alloys and the BMG brochure states as much also. It is not listed under Beryllium Products.
I will have to disagree with your assessment that Liquidmetal and their own BMG products are one in the same. But thanks for responding.
"We’ve talked also about our bulk metallic glass product in the past. It’s another emerging product that we have. I don’t think we will see a lot of that in 2016, but there actually are developments in that today, that I see that on longer-term 2018, 2019 basis to just give you a few examples." -Dick Hipple, CEO, Materion
This could also mean what he actually says, which is THEIR BMG's are not going to see increased sales until a couple years. Their BMG products are the Vitreloy product line which includes Vit1b, Vit105 and Vit106a. Their product line does not include Liquidmetal®. Liquidmetal® is a specialty performance alloy that they produce (upon request) from Liquidmetal technologies. So when he speaks of their BMG's, why does anyone believe this is referring to Liquidmetal®?
One can also look at the statement made by Hipple in their recent filing: "...the Company forecasts business levels to pick up moving into the second and third quarters of 2016 as some of our new product sales and the long lead time orders in our Performance Alloys and Composites segment are expected to contribute to sequential improvements in profitability."
I think it is more reasonable that Mr. Hipple considers Liquidmetal® a Performance Alloy rather than one of their BMG's.
Words are very important.