Liquidmetal Technologies Inc (LQMT)

[jaybiscuit]

TESLA CONNECTION TO LIQUIDMETAL: UPDATED

TESLA/CATL/Liquidmetal Timeline—from Liquidmetal notes:
(BB) 08/27/2019 Chinese power battery behemoth Contemporary Amperex Technology will join with three partners to co-invest CNY2 billion (USD280 million) to jointly develop a magnesium alloy project to achieve further lightening of new energy vehicle materials. A joint venture company will be set up to take charge of the project's implementation, and the trio have already penned a corresponding investment framework agreement, Guangdong-based Dongguan Eontec (Liquidmetal’s china partner—they share patents within agreed upon territories), one of the partners, said in a statement yesterday. Ningde, Fujian province-based CATL, Dongguan Eontec, which has the technology to process magnesium alloy, Fujian-based Sanxiang Advanced Materials, a firm with magnesium resources in Ningde and the technology to process the element, and auto parts processor Jiangsu Vansun Group, or their subsidiaries, will contribute 30 percent, 25 percent, 25 percent and 20 percent of the investment, respectively, to form the JV firm in the port city of Ningde.
(AA) 02/05/2020 Eutectix and Liquidmetal Technologies enter into Manufacturing Partnership. Eutectix has significant experience in the battery industry. Eutectix, LLC manufactures and processes metal alloys and battery electrodes at its facilities in Troy Michigan. Its custom alloys are used as additives for manufacturing high tolerance specialty alloys and for hydrogen storage, battery, and magnet applications. Eutectix LLC was founded in 2014 by Dr. John de Neufville, CEO, Dr. Henry Lee, Interim COO, Thomas Smith, CFO, and Robert Russotti. All four founders of Eutectix worked together at Voltaix, Inc., a leading manufacturer of gases and chemicals for the photovoltaic and semiconductor industries. De Neufville, Lee and Russotti were formerly employed by Energy Conversion Devices which was the original parent, via its Ovonic Battery Company subsidiary, of the Great Western Troy operations. They founded Voltaix in 1986. The Chief Executive Officer of Eutectix, John de Neufville, was formerly a Vice President and Director of Energy Conversion Devices, Inc., the Chief Executive Officer of the Ovonic Battery Company and the Chief Executive Officer and Principal Scientist of Voltaix, Inc. This is one hell of a battery connection. Eutectix also has specific experience in supplying specific elements which could have an impact in the new aluminum allow used by tesla in the giga press for frame structure.
(R) 03/06/2020 Yihao (yi’an/Eontoec) and Sanxiang Zirconium (Sanxiang Advanced Materials—FJSX) sign the “Amorphous Alloy (Liquidmetal) Project Cooperation Investment Agreement”. This document was signed by Lugee Li, COB for liquidmetal. $100,000,000 yuan as invested—60% Sanxiang/40% Yi’an Tech (Yihao) In order to give full play to their respective advantages and strengths, enhance the ability of industrial chain integration, and further expand and strengthen the liquid metal industry, on March 6, 2020, The company and Ningde Sanxiang zirconium magnesium industry equity investment partnership (limited partnership) (hereinafter referred to as "Sanxiang zirconium magnesium") signed the cooperation investment agreement on amorphous alloy (liquid metal) project with the industrial fund established by Sanxiang New Material Co., Ltd. with registered capital of RMB 100 million, Sanxiang zirconium magnesium and the company jointly invest in the amorphous alloy (liquid metal) project with a ratio of 60%: 40%, and the implementation subject is Ningde Sanxiang, which is jointly established by both parties. (see entry (T) about Ningde Sanxiang paying Yihao Metals for patent/technology license)
(S)On March 10, 2020, Ningde Sanxiang (jointly owned by Yihao/Eontec and Sanxiang) completed the industrial and commercial registration.
(T) 03/17/2020 Yi'an technology, Dongguan Yihao Metal Materials Technology Co., Ltd. (hereinafter referred to as "Yihao metal") and Ningde Sanxiang (Sanxiang Advanced Materials—FJSX) jointly signed the "amorphous alloy (liquid metal) technology license agreement", which agreed that Yi'an technology and Yihao metal would license the patents and proprietary technologies related to amorphous alloy (liquid metal) owned and had the right to use to Ningde Sanxiang, Ningde Sanxiang paid 40 million yuan (including 23 million yuan to Yi'an technology and 17 million yuan to Yihao metal) to Yian technology and Yihao metal. As of the end of the report period, Yian technology and Yihao metal have respectively received the first phase of technology license fees.
(U) 4/8/2020 Yihao and Ningde Sanxiang (Nigde jointly owned by jointly signed the "Equipment Sales Contract". Ningde Sanxiang agreed to purchase 10 units anfd two from Yian Technology. Various types and specifications of liquid metal machinery and equipment, with a total amount of RMB 30.8 million.
(W) 08/26/2020 China`s leading amorphous alloy material manufacturer (FJSX—Sanxiang Advanced Materials) and CATL will jointly develop magnesium alloy precision shell structures for lithium batteries. Key wording: china’s leading amorphous alloy material manufacturer---will jointly develop magnesium alloy shell structures for lithium batteries. TESLA—4680?
(X) 09/xx/2020 Liquid metal financial statements show that they significantly invested in corporate bond debt securities. They increased their debt securities position to nearly $24,000,000. Previously the majority of this new investment in debt securities was held as cash on their financial statement. In fact, compared to the Q2/2020 financials, total debt securities (long and short term) increased by 157% in Q3/2020. This is even more interesting when you see that total debt securities actually DECREASED by 9% in Q1 compared to the previous financials, and DECREASED BY 11% in Q2/2020 compared to the Q1/2020 financials. It is obvious that Liquidmetal invested in something…especially since they were content to sit on the majority of their cash position for so many years. What did they invest in? The precision shell structures for lithium batteries—See R, S, T, U, V, and W. Debt securities are similar to a loan to another entity. Liquidmetal gave another entity cash, in exchange for a debt security position—in a big way. Essentially Liquidmetal took their strong cash position, and invested it into another corporation. Why—working capital (materials and/or equipment) to support a VERY large sale. TESLA
(Q) 12/24/2020 Bromage hints: The upside is tremendous: a single project can make a company. Liquidmetal’s market potential is large within our target markets.
(F): 01/15/2021 Bruce Bromage and Bryce Van signed new Confidentiality, Non-Solicitation, and Invention Assignment Agreement, dated January 15, 2021. (Other employees probably signed them as well—however we found out about these as they were mentioned in the terms of their resignations.) Normally these are signed upon hiring and updated on your work anniversary or employment contract renewal dates—which are both in November (if memory serves me right). Why were these updated mid term? An Apple requirement? The timing of the selling of previous suppliers (F) and these new confidentiality agreements makes sense.
(Y) 02/12/2021 Liquidmetal Technology LTD formed
(M) 5/18/2021 Liquidmetal Expansion Initiated: In order to meet the increasing demand of customers for liquid metal materials on May 18, 2021, the Yihao’s (Eontec) 2020 annual general meeting of shareholders reviewed and approved and agreed to terminate the "Amorphous Alloy (Liquid Metal) R&D Center Construction Project", and at the same time implement the "Amorphous Alloy (Liquid Metal) Precision Structural Part Industrialization Expansion Project". The initial investment for this project was RMB 105,741,513.
(B): 6/29/2021 Eontec/Yihao set up a $30,000,000 forex for US Dollar exchange rate fluctuations. I am unsure if the $30,000,000 would be the total sales amount, or the amount of risk just in the exchange rate fluctuation. Both are significant… Let’s see if the math works for Tesla. Let’s assume that Tesla makes 500,000 new cars with liquidmetal technology in the 12 months. Each car (if using the new 4680 shell) will use 960 individual cells. So that would be 480,000,000 cells. Yup, the math works…If we assume only $3 per cell, that would be $1,440,000,000. $30,000,000 would represent roughly 2%. But what if “structural” meant something other than for the cells—the math still works as the sales/profit would be larger for structural parts. It is still unknown what this is for…could if be the cells, the cell pack’s “sandwhich” materials, or could it be the actual frame or another component?
(K) On 7/9/2021, Lugee Li then appoints Tony Chung as CEO—with a salary, and a unique stock option plan that rewards him for getting LQMT on nasdaq and for the stock being over $1 per share. Keep in mind that Li was previously the CEO and did the work for no pay. Now he is paying Tony for the job, plus stock options. Tony is also offered accelerated vesting and a decent salary. In fact, Tony Chung’s new stock options of $2,500,000 will be fully vested on 10/7/2021. That is one hell of a short vesting period! In total, he will receive $7,500,000 shares of stock options in his new role. Plus, he received a $20,000 signing bonus. It sure looks as if he is being rewarded!
(V) 07/16/2021 Ningde Sanxiang Liquid Metal Technology Co., Ltd., a joint venture between Yihao (eontec) and Sanxiang, has opened and is in trial production. The implementation entity is Ningde Sanxiang Liquid Metal Technology Co., Ltd. (hereinafter referred to as "Ningde Sanxiang") jointly established by the two parties.
(I) 07/19/2021 Remember that $30,000,000 exchange rate fluctuation info (item B above) that was dated 6/29/2021? The next month, July 19th, 2021, Yihao (Eontec) was named a “Little Giant” for companies in China that are expected to have hyper growth….AND, the article specifically mentions “structural parts”. Here is a quote about the structural parts: “Amorphous alloy precision structural parts have been mass-produced. With strong technical strength and industry resources, Yihao Metal has become a leader in the industrialization of amorphous alloys. It is the first to realize the industrialization of large industrial-grade amorphous alloys in China.” Remember that the new 4680 battery cell configuration is to become a part of the vehicle frame---"structural part”. However, a structural part could mean anything “structural”. The timing seems perfect here for something Tesla.
(N) 08/02/2021 Liquidmetal Global Limited incorporated in China. After everything to date, it looks like liquidmetal is going to be the next big thing….bigger than plastic, bigger than steel. So they form a new company called Liquidmetal Global Limited. Why confuse the miracle metal with the operations of Yihao and Eontec—take advantage of the Liquidmetal brand!
(L) 8/30/2021 Bromage and Van resign--but it’s not the typical resignation—as in resign or you’re fired. Instead, it reads more like a pat on the back for a job well done. Get this, they both resign for future dates—and receive accelerated stock options and cash payouts! It seems they (Li, Bromage, Van, Chung, and the entire board of directors) know something we don’t know. The board of directors and Li REWARD Bromage and Van with no outward news of a contract, or any news increased income?!? Come on… Name another time in the history of forever, that a company lets two employees resign for a future date and then rewards them with accelerated stock options and a cash payout. Oh yeah, I forgot to mention: both Bromage and Van’s employment contracts were set to renew in November—just a few months away. Why didn’t Li and the board just wait for the contracts to expire, and not renew them? Why were they rewarded? Why was it allowed for them to stay on after the resignation announcements? Answer: Because they helped land a whale of a contract, Li and the board rewarded them. Bromage and Van know about a whale contract and that the stock price is going to skyrocket and they will never have to work again….ever.
(CC) Tony Chung’s new stock options of $2,500,000 will be fully vested on 10/7/2021---TESLA's EARNINGS RELEASE DATE IS>>>> 10/7/2021! Ok this might be a stretch….
(DD) While researching Tesla’s giga press (the HUGE one), I learned that it is made by IDRA. IDRA’s only shareholder is LK technology, who manufactures presses for Liquidmetal’s china manufacturing partner (Eontec/Yihao). In 2008 LK acquired Idra. Tesla’s new alloy doesn’t require heat treating, which seems to be an amazing feature, but how? Could it be due to an amorphous structure or a partially amorphous structure that gives the alloy more strength? After all the new alloy cools from a temp of 1400-1600F in a very short time. Another important feature, is that the new alloy resists hot tearing. See (EE)
(EE) Tesla’s patent for W0 2020028730 for aluminum alloy’s for die casting shows Charlie Kuehmann as one of the inventors. Charlie was a main contributor to Apple’s amorphous alloy R&D with Liquidmetal via a jointly owned company called “crucible intellectural property” (or properties). Crucible (apple and liquidmetal) spent significant R&D on cooling rates, alloy formulas, and manufacturing methods of amorphous alloys that could be molded like plastic yet were super strong. When I saw that IDRA is owned by the same company that liquidmetal uses for presses, and this connection of tesla to apple via kuehmann, it peaked my interest. This patent specifically mentions the resistance to hot tearing.
(FF) Finally, I search tesla suppliers and find that liquidmetal is listed via a few sources/locations. The key to this chart is professor Lugee Li. Lugee Li’s company, Eontec, makes door hinge/strike plates for Tesla—solving a problem that tesla needed. I remember reading that they went from a prototype to a full production part in just a few months to correct a problem that Tesla was having. Lugee Li invested $63,000,000 into Liquidmetal in 2016 and became it’s largest shareholder, CEO, and Chairman. In exchange for the $63,000,000 Liquidmetal and Eontec agree to share their respective patent portfolios. Eontec receives rights for asian countries, and Liquidmetal receives rights for North America, Europe and a few others via a parallel license agreement. Keep in mind that Liquidmetal has rights to patents created with Apple via Crucible Intelectual Property, LLC—where Charlie Kuehmann constributed—for all non consumer electronic markets—opening up those patents to the AUTO MARKET via Liquidmetal!!!! Kuehmann would have been keenly aware of this when he left Apple to go to Tesla. So essentially, tesla via a relationship with liquidmetal could have access to all of Kuehmann’s (and other Apple scientists’) work while he was at Apple!
(GG) for reference…below is a link of the liquidmetal contractual connections via Dongguan Eontec Here is a picture for reference:
(FF) Some history—and an interesting timeline! In December of 2015, Charlie Kuehmann leaves Apple and Questek to join Tesla. The formal announcement was made in February of 2016. Just a few months later, Lugee Li enteres into a securities purchase agreement with Liquidmetal (March 2016) for a total of $63,000,000. Liquidmetal and Charlie have worked together for years via Crucible Intelectual Properties (Apple and Liquidmetal jointly owned company), and Lugee Li and Eontec have worked together for years on the door hinge/strike plate. Then Kuehmann goes to Tesla…and Lugee buys a controlling share in Liquidmetal?!?! $63,000,000! Seems like a hell of a connection. So Tesla, in just a few months, hires Apple’s main scientist, gets access to knowledge about Liquidmetal and Apple’s R&D / amorphous metals patents, but he can’t use them. Then, out of no where, Lugee Li, who already makes an amorphous door latch for Elon, and owns an amorphous metals manufacturing company in china partners with liquidmetal for a hefty sum of $63,000,000 in exchange for being the CEO, Chairman of the board, and gets over 400,000,000 shares of the stock. The deal opens up all of the patents jointly developed with Apple for auto manufacturing…only consumer electronics applications are locked up via the agreement for the shared apple patents held in crucible.

(A) https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162448026
(B) https://www.reddit.com/r/LQMT/comments/oan1ud/what_30_million_whale_will_only_pay_in_us/?utm_source=share&utm_medium=web2x&context=3, https://www.torquenews.com/14093/tesla-18650-2170-and-4680-battery-cell-comparison-basics
(C) https://www.cnbc.com/2021/09/15/iphone-13-poised-to-continue-apples-super-cycle-of-sales.html
(D) https://appleinsider.com/articles/21/02/28/demand-for-iphone-13-could-be-boosted-by-iphone-12-supercycle
(E) https://www.taipeitimes.com/News/biz/archives/2021/02/01/2003751535; https://inf.news/en/economy/aaedc6c6176ea601274dca0fb8d844bc.html; https://www.reuters.com/article/us-catcher-lens-apple-idUSKCN25E18G; https://www.reddit.com/r/LQMT/comments/p9z9ua/apple_changing_cases_for_iphone13_liquidmetal/?utm_source=share&utm_medium=ios_app&utm_name=iossmf
(F) https://liquidmetal.gcs-web.com/node/11671/html#ex_281117.htm Bromage; https://liquidmetal.gcs-web.com/node/11671/html#ex_281118.htm Van
(G) http://static.cninfo.com.cn/finalpage/2021-08-27/1210870360.PDF
(H) https://hitechglitz.com/chinese-electronics-company-luxshare-precision-joins-supply-chain-for-apples-iphone-13-on/
(I) https://www.reddit.com/r/LQMT/comments/osyect/not_123_but_4_usa_whales/
(J) https://www.youtube.com/watch?v=EvGOlAkLSLw&t=1783s
(K) https://www.businesswire.com/news/home/20210903005442/en/Liquidmetal-Technologies-Announces-Further-Changes-to-Management-Structure; https://liquidmetal.gcs-web.com/node/11651/html#ex_262709.htm; https://www.businesswire.com/news/home/20210709005448/en/Liquidmetal-Technologies-Announces-Changes-to-Management-Structure; https://liquidmetal.gcs-web.com/node/11671/html#ex_281117.htm; https://liquidmetal.gcs-web.com/node/11671/html#ex_281118.htm
(L) https://liquidmetal.gcs-web.com/node/11671/html#ex_281117.htm Bromage; https://liquidmetal.gcs-web.com/node/11671/html#ex_281118.htm Van
(M) https://www.reddit.com/r/LQMT/comments/pdvlrl/liquidmetal_expansion_initiated/
(N) https://www.hkcorporationsearch.com/companies/3072737/ ; and https://preview.redd.it/8v9fas085zn71.png?width=376&format=png&auto=webp&s=6f98dfbc0dc7d8d4d7019730985f8b7753a152af ; and https://www.reddit.com/r/LQMT/comments/pprhcb/someone_says_whats_up_with_this/
(O) https://www.reddit.com/r/LQMT/comments/oitgbk/facts_does_matter/; https://tsdr.uspto.gov/documentviewer?caseId=sn88863010&docId=ORC20210530022654#docIndex=0&page=1 ; https://tsdr.uspto.gov/documentviewer?caseId=sn88862972&docId=ORC20210530022653#docIndex=0&page=1 ; https://www.reddit.com/r/LQMT/comments/opkokb/liquidmetal_trademark_status_in_china/
(P) http://static.cninfo.com.cn/finalpage/2021-08-27/1210870360.PDF
(Q) https://liquidmetal.com/market-development-dec-2020/
(R) https://stock.us/stock/sz/300328/guidance/review ; https://www.reddit.com/r/LQMT/comments/oksuvd/heres_business_model_for_all_up_and_coming_cm/
(S) https://stock.us/stock/sz/300328/guidance/review; https://www.reddit.com/r/LQMT/comments/oksuvd/heres_business_model_for_all_up_and_coming_cm/
(T) https://stock.us/stock/sz/300328/guidance/review ; https://www.reddit.com/r/LQMT/comments/oksuvd/heres_business_model_for_all_up_and_coming_cm/
(U) https://www.reddit.com/r/LQMT/comments/oksuvd/heres_business_model_for_all_up_and_coming_cm/
(V) https://www.caishen.co/china-market-data/0916002007982025; https://www.reddit.com/r/LQMT/comments/oksuvd/heres_business_model_for_all_up_and_coming_cm/
(W) http://www.haythink.com/insights/detail.asp?ID=9377
(X) See financial statements
(Y) https://preview.redd.it/zxxhuqo45zn71.png?width=385&format=png&auto=webp&s=e00c299fb3462898a7789f508769bfef63d970f8
(Z) http://translate.google.com/translate?hl=en&sl=zh-CN&tl=en&u=https%3A%2F%2Fxueqiu.com%2F2361692109%2F142384902; https://www.reddit.com/r/LQMT/comments/pvln6c/china_investor_research_notes_on_eontec_that/
(AA) https://eutectix.com/about/eutectix-news/eutectix-liquid-metal-bmg/
(BB) https://www.yicaiglobal.com/news/catl-to-form-usd280-million-nev-magnesium-alloy-light-materials-jv
(CC) https://www.tesla.com/2021shareholdermeeting
(DD) http://www.lk.world/en/history.php
(EE) https://electrek.co/2020/02/07/tesla-aluminum-alloys-die-casting-in-electric-car-parts/
(FF) https://csimarket.com/stocks/competition2.php?supply&code=TSLA, https://csimarket.com/stocks/suppliers_glance.php?code=TSLA, https://csimarket.com/stocks/competitionNO3.php?supply&code=TSLA, https://ar-earnmoneyfromhometoday-com.translate.goog/who-are-teslas-main-suppliers?_x_tr_sl=ar&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=nui,sc, https://www.investopedia.com/ask/answers/052815/who-are-teslas-tsla-main-suppliers.asp
(GG) https://preview.redd.it/905fp8a23tt71.png?width=1842&format=png&auto=webp&s=41c2f29c9121a2a0c912d4924a0e69678d77eddc
(FF) https://electrek.co/2016/02/24/apple-alloy-expert-tesla-spacex/, https://www.businesswire.com/news/home/20161027006467/en/Liquidmetal-Technologies-Finalizes-63.4-Million-Equity-Raise, https://www.businesswire.com/news/home/20161214005978/en/Professor-Lugee-Li-Named-President-CEO-of-Liquidmetal%C2%AE-Technologies