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Monday, April 01, 2019 9:03:15 PM
Based on the answers you received, what is your take on 106c and it adhering to the PLA with respect to when it was actually created? IE; the PLA is only for date of signature alloys and beyond, no?
Let's start with some facts.
Vitreloy 105 is chemically a formula patented by CalTech (long before 2016).
105(abcd) is a variant under the basic formula.
LQMT has a license for all of Cal Tech formula.
LM105 variant is solely under LQMT LF.
LM105 is part of CIP.
LM105 is DEAD in 2019 for following reasons:
1. Cost too much
2. 106c is "good enough" for all markets. FDA characterization needs to take place.
3. One machine, one ingot is the correct way to run long term business
Formula with basic chemical mix and percentage implies 100% pure elements.
Pure elements implies high cost.
Zirconium is a relatively high cost element.
Zirconium sponge is not pure but 5 to 10x cheaper.
105s is a variation that contains impure elements.
105s is much lower cost
105s is not fit for mirror finish hence require multi steps polishing finish
LM105 does not contains impure element (hence very high cost)
LM105 is much higher cost
LM105 is not fit for CE (or any high volume) market
106c is a variation that contains impure elements.
106c is much lower cost
106c is good enough fit for mirror finish hence net shape finish.
Was/is LM106c an existing allow that skips the PLA?
Vitreloy 106 is chemically a formula patented by CalTech (long before 2016).
106(abcd) is a variant under the basic formula.
LQMT has a license for all of Cal Tech formula.
106c variant is "joint effort" between LQMT LF and YiHao Metal (after 04/02/2018).
106c is not part of CIP due to non renewal by Apple.
CIP cookie jar closed on 02/2016.
Apple ROFR expired on 02/2018.
YiHao Metal is 60% owned by Eontec after 04/02/2018.
PLA is between LQMT LF and Eontec.
PLA has exclusivity of CE hence Apple cannot be any part of Eontec.
PLA has an out clause for "life after 2016" via section 5.1 and 5.2.
Any joint development does not have to obey PLA rule.
Where's the Beef?
My answer above does/can not in any way to create guarantee revenue for LQMT.
However, I can assure you 106c success in CE (commercialization) will improve odd significantly that LQMT PPS will rise.
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