Re. your comments that ".. there would be no pro-forma breakeven in 2015 ... means there is not going to be anything big happening in 2015."

At the risk of repeating myself ... I think there is AMPLE room for alternate interpretation. We could sign a transformational contract this month or next and,

o given reasonably expected timelines for contract to significant revenue recognition, and,

o given the LQMT outsized overhead,

We would still not be at BE on a pro-forma basis by calendar ye.

I believe it was 12 months. A totally new item, designed from scratch. Hopefully many contracts will be for parts already in use, but transitioning to LiquidMetal. The knife should be an example of the maximum. Contract negotiation, design, re design, mould, re design, mould, prototype, re design,mould, and finally product. That's a VERY intricate knife.

Tom Steipp - President and Chief Executive Officer
Yes. We successfully completed that SBIR, it was to make thin sheets of Liquidmetal, which could then be compressed with carbon fiber to make shields for meteorites in space. We did that in conjunction with local university and NAS, I think it was JPL, but we successfully completed that. We have thrown our hat in the ring for an extension, but at this point in time not sure where that will go, but we were…

Unidentified Analyst

You [indiscernible].

Tom Steipp - President and Chief Executive Officer
Yes. We have submitted an application for the follow-on. We feel as though the production of sheets is not something we are interested in doing right now, but longer term maybe something that would be more commercially viable and for that reason we are interested in pursuing it.

Unidentified Analyst

Operator

And our next question comes from Charlie Schar, Private Investor.

Tony Chung - Chief Financial Officer
Hi, Charlie.

Charlie Schar - Private Investor
Tom and Tony, hi.

Tom Steipp - President and Chief Executive Officer
How are you doing?

Charlie Schar - Private Investor
Yes, a couple of things please. Can you hear me?

Tom Steipp - President and Chief Executive Officer
Yes, clear. Yes.

Charlie Schar - Private Investor
Yes. On the Q2 revenue contracts, you mentioned the shorter term items can you provide any guidance for the remainder of ‘15 in terms of what might come around?

Tom Steipp - President and Chief Executive Officer
In terms of financial projections, no, we are not doing that at this point in time.

Charlie Schar - Private Investor
Okay.

Tom Steipp - President and Chief Executive Officer
Clearly, our emphasis is on the strategic projects automotive, aerospace and medical, because that’s where the big dollars are, but at the same time it’s unlikely I would say that we will get any production in those areas in 2015 although we will certainly be trying to get prototypes from them in 2015. And that’s why we are trying to get some of these smaller projects that have shorter decision criteria associated with them through the process.

Charlie Schar - Private Investor
Yes. Maybe a follow-up on that on the Miltner deal from start to finish, how long did it sort of take sort of get it going, see the deal, create the molds that type of thing?

Tom Steipp - President and Chief Executive Officer
The whole project probably lasted a year from the time they contacted us. But keep in mind that during that time period, we initially started with a contract manufacturing partner that we then were in arbitration with. So, I think if you just take a look at kind of how it wrapped up, it wrapped up subsequent to our settling that arbitration, which was during the third and fourth quarter of last year, Charlie.

Charlie Schar - Private Investor
Yes. What I am trying to ask is if another client comes through, what would you think is the normal sort of lead time to go from design to production?

Tom Steipp - President and Chief Executive Officer
So, to go from design all the way through production would be design and then a prototype mold and then probably a redesign and then a production mold. The only pieces of that that have much certainty associated with them are the amount of time it takes to do a prototype and a production mold. Those are about 12 weeks or 1 quarter. So, you can kind of put that together and say it takes somewhere in the neighborhood of 9 months to 12 months best case for us to get things through the process.

Tom Steipp - President and Chief Executive Officer
Hi, Clint.

Unidentified Analyst

I had a quick question, you guys were awarded an SBIR to the data on it here, but you are awarded an SBIR for extruding sheets Liquidmetal on both production. I was just wondering if you guys had any update on how that was going on?

Tom Steipp - President and Chief Executive Officer
Yes. We successfully completed that SBIR, it was to make thin sheets of Liquidmetal, which could then be compressed with carbon fiber to make shields for meteorites in space. We did that in conjunction with local university and NAS, I think it was JPL, but we successfully completed that. We have thrown our hat in the ring for an extension, but at this point in time not sure where that will go, but we were…

Unidentified Analyst

You [indiscernible].

Tom Steipp - President and Chief Executive Officer
Yes. We have submitted an application for the follow-on. We feel as though the production of sheets is not something we are interested in doing right now, but longer term maybe something that would be more commercially viable and for that reason we are interested in pursuing it.

Unidentified Analyst

Okay, thank you.

Tom Steipp - President and Chief Executive Officer
Clearly, our emphasis is on the strategic projects automotive, aerospace and medical, because that’s where the big dollars are, but at the same time it’s unlikely I would say that we will get any production in those areas in 2015 although we will certainly be trying to get prototypes from them in 2015. And that’s why we are trying to get some of these smaller projects that have shorter decision criteria associated with them through the process.

Steipp even said at a recent conference call that they were not actively pursuing sheets

Duh......what happened to the fishhooks?

Duh......what happened to the diaphragms in the Swatch Fathoms Watch?

Not recent enough for anyone?

Duh......what happened to the SCUBA GEAR HYPE.

Duh......what happened to the sheets of liquidmetal that were supposed to go on the hulls of the latest release of Navy vessels?

Guess I'm going to be a millionaire whether I like it or not !

in orders...and I HAVE NUMBER 53 !!!!! Looking forward to getting that in the mail.

Sean O'Keeffe, Engineer at Liquidmetal® Technologies, and Richard Miltner with Hybrid Knives ready in-hand at the Miltner Adams booth at the 2015 BLADE Show.

Edward W. Reuther It's beautiful. Wish I could've come to Blade this year. I really wanted to see it!
1 · 22 hours ago

Miltner Adams Company Thank you, Ed. Your comments and support are appreciated. Hopefully, you'll be able to find the Hybrid Knife at a local retailer in the near future.
1 · 13 hours ago

Tony Vasile Very nice! What have the sales of the knife been like so far? What kind of feedback is the consumer giving?
1 · 21 hours ago

Miltner Adams Company Thank you, Tony! Response from consumers and retailers has been overwhelmingly positive. Boaters especially like the Hybrid because of the Liquidmetal alloy's corrosion-resistance. The largest online retailer for knives, KnifeCenter.com will start selling the Hybrid after the show.

Knives at Knife Center
The original and largest online knife and cutlery catalog where you can buy pocket knives and...
KNIFECENTER.COM

This being a 2014 article can add to the argument that APPLEs 5C plastic case molding machines may have been converted to AAPL/LQMT
(Crucible) applications

Remember one of the Terminator movies with the liquid metal bad guy? The Miltner Adams Co. is making something like that. It’s a moldable metal that’s reported to be double the strength of titanium and was developed by Caltech/NASA. The metal technology allows you to injection mold complex shapes to a high degree of tolerance.

Liquidmetal is able to mold that piece in a single Monolithic part, and ....... outperformed all previous materials they used in order to make that particular piece.

There is no contradiction here.

Obviously Engel is now in the composites industry, but there is no indication they are involved in BMG sheets.

just before or at this event would be the perfect Time to announce it while the entire medical world is watching.

One impact is reduced use of powder metal parts. Another is to increase use of grinding and machining to achieve desired tolerances, steps that add significant cost. Another impact could be increased use of net shape metal injection molding.

The new 2015 Ford F-150 truck, which weighs700 pounds less than the 2014 model, uses aluminum body panels and high-strength steel ladder-frames—technologies adapted from the aerospace industry.

I wonder if ENGEL can configure their mould machines to have a spinning mould and inject it to make a cover for a phone.

........But, thanks for the link. I didn't know Engel was in this market.

Looks like Engel is branching out a bit, but I believe its highly unlikely they pursue a sheet machine anytime soon.......

Further, on a daily basis, it is totally clear by the PPS what is happening (or not).

Good luck to all PPS'ers, those who are satisfied with the status quo and those (like me) who are not

Go back and read my post. The answers are there. Engel lives in the real world coin what they do best and making money.

If ENGEL is in development in injection mould technology to develop Liquid Metal, Im sure they

could also develop the technology for "spin" and sheets Why do you think they can't or won't?