Liquidmetal Technologies Inc (LQMT)

[JoTu]

needing to document/consolidate answers to those questions for the sake of my own sanity/investment.
yes to the first question based on
-territorial rights set out in the pla.
-bb statements on yihao collaboration and consumer applications.
-end of cip and beginning of pla with eon/yihao/lqmt holding new alloy/machine patents that apple can’t touch.
-direct answer form eon.

territorial rights
https://www.lawinsider.com/contracts/1TmD56hFYcjaQd38UsAHRz/liquidmetal-technologies-inc/license-agreement/2016-03-14

2.2.     Patent License Grant to LMT.   Upon the terms and conditions set forth herein (including the termination provisions in Article 7 hereof) and subject to the Field of Use Restrictions, Eontec hereby grants to LMT a non-revocable, paid-up, royalty-free, perpetual license (or sublicense, as the case may be) to the Eontec Licensed Patents and Eontec Licensed Technical Information to make, have made, use, offer to sell, sell, export and import LMT Licensed Products within the LMT Field in the LMT Exclusive Territory and Non-Exclusive Territories. Such license shall be exclusive to LMT (including to the exclusion of Eontec and its Affiliates) in the LMT Exclusive Territory and shall be non-exclusive in the Non-Exclusive Territories. Notwithstanding the foregoing, nothing in this Agreement shall prohibit LMT from engaging in research or development activities in the Eontec Exclusive Territory.

bb statements
http://ir.liquidmetal.com/news-releases/news-release-details/liquidmetal-technologies-reports-third-quarter-2018-results

Dr. Bromage continued that “several projects are underway in collaboration with Yihao Metals, taking advantage of Liquidmetal’s amorphous metals expertise and proximity to US customers to develop parts that can be produced in high volumes in Asia. Liquidmetal and Yihao are working together to improve the cost of commercial AMM machines, alloys and processing methods to open markets globally.”

http://ir.liquidmetal.com/news-releases/news-release-details/liquidmetal-technologies-reports-results-fiscal-year-2018

Dr. Bromage continued, “Our building power upgrade is near completion, allowing us to further expand our manufacturing footprint. On the research and development front, we continue to learn more about the unique capabilities of our materials and production methods, especially for consumer and medical applications.”

end of cip and beginning of pla beautifully articulated by a really smart poster.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=143017439

Lugee Li owns both Eon Industrial (Lugee East) and Liquidmetal HK (Lugee West).

Eon industrial is still the biggest shareholder of Eontec despite controllership has been passed along to the State.

LiquidMetal HK is the biggest shareholder of LQMT and Leader Medical

All the JV (majority own) and subsidiaries (100% own) by Eontec is listed within Eontec 10K. Yes, JV are losing money (just like all startup) and it does affect bottom line of Eontec. This is no different than Googe and Alphabets.

Eontec and LQMT signed a cross license agreement (non-CE only to shut off Apple) for everything each entity owns before March 2016.

Eontec and LQMT are jointly development partner after March 2016. Both companies shared everything developed after March 2016. Note Apple CIP cookie jar was closed on Feb 2016.

Eontec machine robotic enhancement and 106c formulation are joint development after March 2016.

LQMT-CHINA is the only public disclosed entity that oversees three entities namely Eontec, LQMT and Yi Hao Metal

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135988209&txt2find=leader|medical

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147969754

PLA is not effective until 11/2016

CIP cookie jar closed on 02/2016.

Apple ROFR expired on 02/2018.

Anything Eon “filed” before 02/2016 and “granted” within the window of “11/2016 till 02/2018” is isolated by CE exclusion clause within PLA.

Anything Eon and/or LQMT “filed” after 02/2016 is outside of CIP but can be “outbid” by Apple if it is sold.

Anything Eon and/or LQMT “filed” after 02/2018 is outside of Apple reach forever.

direct answer from eon
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147018687

Reposting - Eontec Q&A:

Question: 2019?02?20? 14:06
Excuse me, Apple $20 million obtained LQMT company permanent irrevocable global patent exclusive license, at present still valid.Is there any legal barrier to the sale of your liquid metal products in the United States or around the world.

Eon Response: 2019?02?21? 15:11
How do you do? Thank you for your attention to the company.LQMT's patented use of consumer electronics products has authorized Apple, and the rest is free to use. LQMT's scientific department has also been communicating with Apple. In addition to the exclusive use of LQMT patents in Asia (excluding consumer electronics), Yian itself has many more suitable patent formulations, so global sales are accessible. Thanks!

http://irm.cninfo.com.cn/ircs/interaction/viewQuestionForSzse.do?questionId=6251836

my rambling opinions to the second question.
(although i believe answers to the first question negates the second question)
regardless.
-100 people will interpret the mta 100 different ways. it can be argued/debated endlessly.
-the mta supposedly allows apple to define any future products in any market category (auto/medical) as a ce once apple begins to sell products into those markets. it makes no sense and questions the enforceability/validity of sections in the mta if not its entirety.

meanwhile back in the real world.
-lugee has significant control over new machinery/alloy formulations/supply/production/maze of companies/patents and lqmt has rights/access to them all via the pla.
-state-sponsored investment in eon gives lugee more power/connections.
-new patents/alloys/supply/smartphone sales have shifted and apple is no longer in a strong negotiating position.
-i believe the current reality/situation trumps the decade old nonsensical infused mta.
https://www.liquidmetal.com/exec-supporters/

ZHUZHOU INVESTMENT IN EONTEC
Many of you have asked about the recent announcement made by Dongguan Eontec, Ltd (“EONTEC”) regarding new investments made in the company and changes in their overall ownership structure. According to the announcement, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd. (“Zhuzhou”), a state-sponsored investment vehicle will make a significant investment in EONTEC, resulting in Zhuzhou being the largest shareholder in EONTEC. It is our understanding that the focus of the transaction is to foster the development of promising technologies for the local population and that no fundamental changes in business operations or management structure are expected.
We are not privy to details of this transaction, but we can note the following:
• The Parallel License Agreement with EONTEC remains in place, on its original terms, and we will continue to partner with EONTEC to develop synergies, lower cost solutions for alloy and production tooling, and identifying new applications for the technology.
• Professor Li remains committed to the development of amorphous metal technologies and will not be changing course on this as he continues to lead the operations of both Liquidmetal Technologies and EONTEC.
• Professor Li’s investment in Liquidmetal Technologies continues to be held separate from his investment in EONTEC, and the Zhuzhou transaction will have no impact on our ownership, Board of Directors composition, or operations.
While we do not foresee a need to provide formal updates on this matter, to the extent there are additional related events or circumstances impacting Liquidmetal Technologies we will clarify such developments in future postings.
Sincerely, Bryce Van