"FACT 4) The EXACT same finger was given to ENGEL at the same OH.
Eontec has NOT purchased ANY ENGEL machines for itself or Dong Guan affiliates. The LQMT LF ENGEL machines have been MOTHBALLED indefinitely (meaning: forever. LQMT USA will NEVER buy any ENGEL machines again. Why? BECAUSE ENGEL IS SELLING their OWN VERSION of a machine MUCH IMPROVED over the MOTHBALLED MACHINES of LQMT LF."
FROM 10K:
"Eutectix Business Development Agreement
On January 31, 2020, we entered into a Business Development Agreement (the “Agreement”) with Eutectix, LLC, a Delaware limited liability company (“Eutectix”), which provides for collaboration, joint development efforts, and the manufacturing of products based on our proprietary amorphous metal alloys. Under the Agreement, we have agreed to license to Eutectix specified equipment owned by us, including two injection molding machines, the Machines, and other machines and equipment, all of which will be used to make products for our customers and Eutectix customers. The licensed machines and equipment represent substantially all of the machinery and equipment currently held by us. We have also licensed to Eutectix various patents and technical information related to our proprietary technology. Under the Agreement, Eutectix will pay us a royalty of six percent (6%) of the net sales price of licensed products sold by Eutectix, and Eutectix will also manufacture products for us. The Agreement has a term of five years, subject to renewal provisions and the ability of either party to terminate earlier upon specified circumstances."
Engel's machines have NOT been mothballed. FICTION
