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Watts,
Thank you for the intro - I miss those good ol days but stay connected when I can.
The short answer to your questions is really simple - I have no direct confirmation whether or not Conextions or any other sources have confirmed this to be true. But rather than finding or providing proof, I have often sought to “disprove” the notion similar to what you’re asking me.
As with many others DD, sometimes there’s things that do not disprove this assumption but I’m beyond convinced there’s no other way they could have claimed the strength of such staples with any other material.
My prior DD with contacting Drs in South Africa during the clinical trial, scathing emails from Conextions reps claiming I’m requesting “proprietary information” about their product, and after seeing my questions in public forums erased by Conextions in response to my direct questions about the material they are using to seek clearance has led me to believe they are indeed using Liquidmetal.
The response could have simply been “No” but they have responded otherwise and taken action to avoid responding.
Maybe they’re too embarrassed to admit it “didn’t” work but watching a surgeon pull on a cadaver’s tendon saying “this is fu*king ridiculous” in response to the parts strength. The polyethylene “bands” he mentioned is the band that spans the two Liquidmetal clamps. You can see it much better on Conextions homepage: conextionsmed.com.
Reference video:
Conextions TR and Liquidmetal received FDA 510(k) clearance this week.
https://www.biospace.com/article/releases/conextions-tr-tendon-repair-system-receives-fda-clearance/
https://liquidmetal.gcs-web.com/news-releases/news-release-details/liquidmetal-technologies-announces-production-order-innovative
Bromage and Van are ousted…..the plan for the whales is coming home.
Someone try this experiment…post a comment to Conextions Medical LinkedIn post about Liquidmetal. I’ve seen someone post a question about Liquidmetal and they quickly delete it….why would they do that?
That’s not exactly true….staples do not necessarily have to deform to stay attached to its surface. It’s held in place on the retaining head by a retaining clip and it’s removed once it’s attached to the tendon. This is pretty obvious if you simple look at its picture and watched the videos.
The anchors or staples, as set forth herein, may be a metallic material or a polymeric material. Such metallic materials may be stainless steel, Nitinol, titanium, or magnesium, or combinations thereof or any other suitable biocompatible metallic material or bioresorbable materials, or the like. The polymeric materials may be any suitable polymeric material, such as a bioresorbable or bioabsorbable polymeric materials or any other suitable biocompatible polymeric material. The repair device, as set forth herein, may be any suitable biocompatible material, such as a metallic or polymeric material. The repair device may also include a bioresorbable material or components of the repair device that are bioresorbable.
https://www.freepatentsonline.com/9629632.html
Something to ponder - When do companies need to disclose the material properties of their devices?
Do companies “really” need to disclose they’re using Liquidmetal? Couldn’t anyone just say, “Oh it’s stainless steel….nothing amazing here”, due to NDAs?
I doubt anyone will get to see the details behind the 510k submission.
Since LQMT disclosed the previous relationship and initial production, does this satisfy or even nullify the need to report a material event? Their initial order did not trigger a 10k.
New Website: www.conextionsmed.com, gearing up for FDA approval.
Think this complex part was made by MIM?
Hmmmmm…
Conextions TR should be getting FDA approval any day now.
https://www.liquidmetal.com/conextions/
https://mobile.twitter.com/conextions_med?lang=en
It’s stupid John Kang was working with Arthrex about making 60,000 Liquidmetal parts per month earlier this year? There’s a difference between injection molding parts and coating a part with Liquidmetal.
Not to mention it confused the customer to the point they wanted to get confirmation from Bruce Bromage about the difference between John Kangs work and LQMT.
SALT LAKE CITY, Sept. 5, 2019 /PRNewswire/ -- CoNextions Medical, a developer of novel soft tissue repair devices, announced today that it has completed enrollment in a key clinical trial for its pioneering tendon-to-tendon repair device, CoNextions TR. Pending successful results of the trial, the company plans to submit a 510(k) application to the FDA for US marketing approval in the first quarter of 2020.
https://www.prnewswire.com/news-releases/conextions-medical-completes-enrollment-in-key-clinical-trial-of-novel-device-for-tendon-to-tendon-repair-300912692.html
Backed by an experienced team and a premier medical advisory board, CoNextions Medical looks to innovate soft tissue tendon repair. In an effort to find a manufacturing solution that allows for improved performance without inflated cost, Liquidmetal technology came to light.
https://www.liquidmetal.com/conextions/
This revenue will definitely be attributable to LQMT.
Implantations have been going on for a year with around 80 patients in South Africa (medical trial ends next week). Maybe see a 501(k) submission this year....
2013 article.
Keep in mind the fact that share price is not as highly correlated to revenue for this penny stock.
LQMT is one contract away of sending this to 0.50-$1.
Sure a temporary spike but I’m sure many of us are not in this for the long sprint.
There’s no reason for them to announce anything until a major company receives FDA clearance. Once CoNextions does, they will quickly be bought by a major medical player.
I’d be surprised if they’d make this complex part out of stainless steel.
Looks pretty strong to me.
CoNextions TR year long clinical trial in South Africa ends in June. Expect FDA 510k submission and approval later this year.
Would Apple do this on purpose to strategically increase the sales of iPhone X? If the IPhone X (assuming the back glass is stronger than the IPhone 8) can survive these very same tests and others, would you as a consumer pay the additional premium for less cracking potential? Hmmmmm...
I'm thinking ConeXtions.
As of the most recent 10-K, Visser has the following remaining warrants:
Shares/Exercise Price/Expiration
21,317,094 $ 0.16 June 1, 2017
10,540,750 $ 0.17 July 2, 2017
10,066,809 $ 0.07 March 10, 2026
They have no obligation to exercise these warrants but they will expire.
Merry Christmas.
I guess Chung knows something....
Steipp resigned. Can't wait to hear Watts reaction! LOL
Finally...
Expands Global Footprint and Product Offering-
RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Mar. 14, 2016-- Liquidmetal® Technologies, Inc. (OTCQB: LQMT) ("LQMT"), the world's leading developer of amorphous alloys, announced today that it closed on a financing transaction of up to $63.4 million (initial closing occurred on March 10, 2016 in the amount of $8.4 million through the sale of equity to a private investor, with a commitment for an additional investment in the amount of $55.0 million subject to an increase in authorized shares to be approved by shareholders) . The investment was made in conjunction with a cross-licensing agreement with DongGuan EONTEC Co., Ltd. ("EONTEC"), a publicly traded company on the Shenzhen Stock Exchange (300328.sz).
EONTEC is a global manufacturing company headquartered in Hong Kong with manufacturing plants in China. It specializes in new material development, such as bulk metallic glasses and medical grade magnesium for implants. The company possesses a full set of mass production capabilities for zirconium based amorphous alloys, including material refining, tooling, and machining, surface treatment, as well as equipment and machine building capabilities for making large parts out of bulk metallic glass.
The equity investment in LQMT was made by Professor Lugee Li, who is also the Chairman and majority stockholder of EONTEC. Professor Li serves as an Analyst for the Institute of Metal Research at the Chinese Academy of Sciences and teaches at several universities in China. As part of the transaction, Professor Li was elected as a Board member of LQMT.
"EONTEC's capabilities complement LQMT's focus on production of high-performance parts, allowing LQMT to address a broad range of market opportunities from automotive, medical, and industrial customers. This partnership positions LQMT well to support design and production globally at a vastly increased pace," said Professor Li.
"This investment and partnership recognizes the significant advancements in technological and commercial capabilities that Liquidmetal has forged over the last five years. Our brand and market positions in North America and Europe are without peer," said Thomas Steipp, President and CEO at LQMT. "This financing transaction and cross-licensing agreement provides us with the platform and resources necessary to establish a global market in Liquidmetal® alloy solutions and to fast-track the market development of our core offerings. With this partnership, we will extend our capabilities to significantly larger parts, as well as offering substantially lower price points for some consumer markets. EONTEC and Liquidmetal each bring significant capabilities to this partnership, and we believe that result will be a much larger market that develops much more quickly," continued Mr. Steipp.
For more information, please refer to our Form 8-K describing the transaction filed with the Securities and Exchange Commission on March 14, 2016.
At the forum, I'm still wondering why Materion said liquidmetal metal will cost ~$100-150 per kg in 3-5 years?
That's a bug jump from $200-250.
They were at the forum yesterday.
Edgar Vidal was at the Engel "dog and pony" show.....Looks like Materion is in on it too!!!
As well as Mercedes. I live in Stuttgart and they're telling me the event is sold out.....bummer.
“This is a remarkable technology,” Linder added, referring to his current company’s CoNextions TR device and procedure, which he pointed to as the preeminent example from his career of the kind of innovative accomplishment for which BioUtah distinguished him with its Outstanding Entrepreneurial Spirit Award.
http://www.prweb.com/releases/2015/12/prweb13116190.htm
Let the dead wood continue to resign.
RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Jul. 15, 2015-- Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the world's leading developer of amorphous alloys, announced continuing progress in the rollout of its new technology with 101 RFQ's (Request For Quotations) received during the second quarter of 2015. This represents an increase from 36 in the prior quarter and an increase from 4 in the second quarter of 2014.
"This represents a significant milestone in the deployment of Liquidmetal technology," said Tom Steipp, President and CEO. "At this point, we believe that we have the right resources and processes in place to harvest sufficient quality leads every quarter, to move toward volume production next year and ultimately break even. We recognize that leads need to become qualified opportunities that then yield prototype orders and ultimately production orders. This takes time and we certainly don't expect every RFQ to turn into a production part, but the increase that we've seen in the front end of our process over the last several quarters, is truly encouraging."
I already asked lol....have to wait until next conference call....
More Liquidmetal phones?
http://www.gsmarena.com/doogee_f2015_will_come_spouting_a_liquid_metal_body-news-12943.php
The latest in this line of weird models is the Doogee F2015. The company has said that the high-end device will be made out of liquid metal. The material typically sees a lot of use in sports equipment, like tennis rackets and golf clubs, mostly because of its vibration-absorbing properties and endurance. The material, the company says it will make for a tougher device with improved resistance to scratches and dents.
http://hothardware.com/news/turing-announces-pre-orders-for-worlds-first-liquid-metal-frame-smartphone
Turing Announces Pre-Orders For World’s First Liquid Metal Frame Android Smartphone
3 Share1 Tweet6 0 Share17
Liquid Metal is an alloy metal (technically, bulk metallic glass) that manages to combine the best features of a wide variety of materials into one product. Liquid Metal manages to incorporate high corrosion resistance, high tensile strength, remarkable anti-wear characteristics. It can be though of a super strong thermoplastic — a material that can also be heat-formed.
Given its unique properties, Liquid Metal has been used in a number of industries, including in smartphones. However, it has been limited to small-scale applications (Apple made the iPhone 3G/3GS SIM removal tool out of Liquid Metal). But what would happen if a manufact
urer would make an entire case out of single piece of Liquid Metal? We’re about to find out as Turing Robotic Industries (TRI) today announced pre-orders for the world’s first liquid metal-frame smartphone.
Read more at http://hothardware.com/news/turing-announces-pre-orders-for-worlds-first-liquid-metal-frame-smartphone#FGUJIHmjQ2vc4jW1.99
New LQMT interview videos being posted on YouTube.
Engel sure does make a splash!
http://www.themoldingblog.com/2015/06/26/engel-makes-public-splash-with-its-liquidmetal-machine/
Global machinery builder Engel is jumping in with both feet to promote its unique Liquidmetal injection molding machine. The company is going public for the first time about its partnership with Liquidmetal. The technology was featured at the company’s recent Austrian symposium—not just as an interesting technology demonstration, but as a major development—and Engel also just issued a press release providing new details about how its equipment works.
It’s an important development for Liquidmetal, a 1990s spinoff from Caltech that has struggled to find its footing while racking up huge losses.
The company’s decision four or so years ago to focus on injection molding as its target manufacturing method was an important one because of the ability of the molding process to mass produce net shapes. Liquidmetal had no real manufacturing experience and desperately needed a partner. Engel’s willingness to participate was a critical factor, and one the company would only acknowledge in cursory fashion in response to direct questions. Engel’s involvement was virtually ignored by much of the global trade press until the recent symposium.
http://www.engelglobal.com/en/at/news-press/news-press-releases/detail/news/detail/News/engel-exclusive-machine-partner-of-liquidmetal-technologies.html
Here are a few tidbits from the press release:
Liquidmetal alloys are fed into the injection unit as slugs cut from round rods. These blanks are then melted inductively under a high vacuum condition in a melting chamber. A piston pushes the liquid into a mold where it is cooled very rapidly in an oxygen-free environment to create the amorphous structure, which is the important calling card to the Liquidmetal alloys. It’s a significantly more complicated process than standard plastic injection molding in which shear heat from screws is used to prepare the mixture for injection into a mold.
The fact remains that no injection molders have yet ordered an Engel Liquidmetal machine, although at least one (Phillips-Medisize) has been watching the technology closely for several years. It’s still not clear if the high expense of the materials and equipment are justified by the additional value it offers.
Slugs are automatically fed into a melting chamber. (Engel)
Engel feels that the LM process has good potential for precision medical parts such as forceps, hip joints or stents.
Engel feels that the LM process has good potential for precision medical parts such as forceps, hip joints or stents.
The number of "parts" in my calcs would of course increase if multiple parts are made with 1 shot.
I assume 1 shot = 1 part for this exercise.
Also....I'm assuming these figures based upon a 80g shot (100g ingot - 20g header).
You may argue LQMT may charge per "part" not per "shot".
80g of material is 80g of material. No matter if it produces one part or 20 parts.
The additional costs may come as NRE, i.e. mold and design engineering?
What do you think?
Reference my earlier post.
Need some help with its validity.