Liquidmetal Technologies Inc (LQMT)

[The Paraclete]

Forget the licensing model. That was Tom’s plan.

The old licensing model was predicated on the fact that LQMT didn’t have the means (the # of machines, the factory floor space to accommodate more machines, or the capital to invest in additional machinery) to handle large orders on their own. So they tried to get major product companies (like Boston Scientific, Medtronic, etc.) to buy their own, licensed machines, or get existing manufacturing companies to invest in Engel machines in order to become a licensed, certified contract manufacturer. Fat chance!

This was their licensing plan in a nut shell: “Hi their. My name is Paul. Did you know that you can buy a license, and then invest millions of dollars on machinery, to become one of our certified manufacturers? It will give you the opportunity to make parts using costly alloys that have no track records. And by the way, at no extra charge, our engineers will have your back at no extra charge.”

Thanks to Lugee, they already have the capital, the expertise, and the equivalent of a ready made contract manufacturer standing by to fill large orders.