Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

As far as Conmed being a customer...

Even though it's true that LQMT lists ConMed as a customer, it's important to note that there are two distinct types of customers. 1) There are customers who have ordered relatively few prototype parts - numbering only in the several hundreds to a few thousands - parts that undergo extensive testing anywhere from months to a year or more; and 2) there are customers who, after the completion of successful testing, sign a multi-year contract for regular production parts. Those contracts result in parts orders that will number in the many tens or hundreds of thousands (or more) parts each year. At this point in time, we do not know which type of customer relationships exists between ConMed and LQMT.

ConMed stated that "Liquidmetal hit every deliverable they committed to and enabled us to test our device in a clinical setting early in our development process." I'm sure you recall that Lockheed-Martin was once a customer (for missile canards) and worked with LQMT for about 3 years. In the end, they never went beyond the stage of being a customer that only ordered and tested prototype parts.

It's too soon too start celebrating. After all, if LQMT signed a contract with ConMed for full production parts, instead of just prototype parts, wouldn't we have seen a PR to that effect? Such news isn't likely to infringe on a NDA.