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Saturday, May 13, 2017 9:42:25 AM
The 41,000 square-foot Lake Forest facility, equiped with several different types of metal processing machines, is something that LQMT could not have done before. Now LQMT Can.
Old RFQ/P Customers that where discouraged by the price per part and upfront costs, will now be more inclined to reconsider LQMT thanks to Li changing LQMT’s business model from Only providing prototypes and Licensing, to actually becoming a parts manufacture/supplier to those customers.
No more large upfront investment in machinery that discourages potential customers.
Cheaper quoted parts that are lower cost than CNC and manufactured by LQMT.
Prof. Li is also willing to bear the expense of making those prototype parts and delivering them for appraisal, like he did with Tesla.
LQMT is now a Manufacturer, not just a Patent Licensor.
"We are very excited about the purchase of our new corporate office and manufacturing facility. The new facility will allow us to expand our manufacturing capabilities in line with our overall strategy to prepare the Company to be the global leader in amorphous alloy production," said Professor Lugee Li, Chairman and CEO at LQMT.
Recent LQMT News
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/20/2024 08:11:00 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 05/09/2024 09:05:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 11/21/2023 10:15:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/21/2023 10:26:27 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/10/2023 08:37:18 PM
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