Liquidmetal Technologies Inc (LQMT)

[jrs5]

LAKE FOREST, Calif.--(BUSINESS WIRE)--Aug. 4, 2020-- Liquidmetal® Technologies, Inc. (OTCQB: LQMT), a leading authority on commercial applications of amorphous alloys, reported results for its second quarter ended June 30, 2020.

Management Commentary

Our second quarter results reflect our continued shifting of manufacturing operations to trusted suppliers, refinement of our operating cost structure, and active management of the Company’s assets to maximize value. During the second quarter, we have continued to engage with our primary supplier, Yihao, to advance product development and design efforts, improve manufacturing throughput, and deliver bulk metallic glass parts into key markets. This has resulted in securing our first orders for recurring, volume, deliveries of functional parts utilizing our technology. Monthly shipments began in July and will result in regular supply into a targeted market, along with providing market participants with needed benchmarks on the advantages of our technology.

If they started production orders in July, there must be a contract for this. Yet they have not announced said contract. Therefore, there must also be an NDA with this company(s). It may be assumed this is non-CE production. So there must be more than Apple & Huawei with NDA's.