Tuesday, March 09, 2021 6:33:16 PM
2017-2020 10K
On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which, for a one-time license fee, we granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize our intellectual property in the field of “consumer electronic” products, as defined in the license agreement. As a result,
we will not pursue application of our bulk Liquidmetal alloys in the consumer electronics field.
However,
we continue to work with Apple to develop and advance research and development in the amorphous alloy space to benefit both consumer and non-consumer electronics fields. For more information regarding our transaction with Apple, see “ – Licensing Transactions” below.
2021 10K
On August 5, 2010,we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which, for a one-time license fee,we granted to Apple a perpetual,worldwide, fully-paid,exclusive license to commercialize our intellectual property in the field of “consumer electronic” products, as defined in the license agreement. As a result,
our ability to freely pursue applications of our bulk Liquidmetal alloys in the consumer electronics field is limited.
We will continue to identify and pursue opportunities in the consumer electronics field that do not violate our licence agreement with Apple.
Additionally,
we continue to work with Apple to develop and advance research and development in the amorphous alloy space to benefit both consumer and non-consumer electronics fields. For more information regarding our transaction with Apple, see “ – Licensing Transactions” below.
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