Liquidmetal Technologies Inc (LQMT)

[JoTu]

2019 Restructuring Plan
In July 2019, the Company adopted a restructuring plan pursuant to which the Company elected to wind down its prior manufacturing operations at the Company’s Lake Forest, CA facility and proceeded to outsource the manufacture of parts utilizing the Company’s technology through its domestic and international manufacturing partners (the “2019 Restructuring Plan”). In connection with the 2019 Restructuring Plan, the Company shifted its business strategy from internal manufacture of parts and products for customers toward the use and reliance of outsourced manufacturers, which will initially be Dongguan Yihao Metals Materials Technology Co., Ltd. (“Yihao”), a China-based company that is an affiliate of our largest beneficial stockholder, CEO and Chairman, Professor Lugee Li (“Professor Li”).

'initially be' so more/bigger outsourced manufactures to come.

lugee proudly representing lqmt wearing the money clip as a tie clip.
i guess we know where lugee sees his future.
http://www.lqmtchina.com/detail.aspx?id=239