Liquidmetal Technologies Inc (LQMT)

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Our partner -- with our machines Sanxiang quote: "As the world's leading supplier of new energy vehicle batteries, CATL has also deployed magnesium alloy die casting for battery packs. In November 2020, CATL, Sanxiang Advanced Materials, Vansun Group, and Zhuhai Hengqin Yinmei Technology jointly established Ningde Wenda Magnesium-Aluminum Technology Co., Ltd. to build a magnesium-aluminum alloy project with a total investment of RMB800 million. The products include die casting structural parts for battery casings.

Remember that yihao "licensed" sanxiang: Yi'an Technology (Yihao) announced that the company, Yihao Metal and Ningde Sanxiang jointly signed the "Amorphous Alloy (Liquid Metal) Technology License Agreement". According to the agreement, Yi'an Technology and Yihao Metal licensed the patents and proprietary technologies related to amorphous alloys (liquid metals) that they own and have the right to use to Ningde Sanxiang. Ningde Sanxiang paid Yian Technology and Yihao Metal a technology license fee of 40 million yuan (including 23 million yuan to Yian Technology and 17 million yuan to Yihao Metal), and the technology license fee was paid in two installments.

Yian Technology licenses liquid metal technology for Ningde Sanxiang

The announcement shows that the shareholders of Ningde Sanxiang are Yi'an Technology and Ningde Sanxiang Zirconium Magnesium Industry Equity Investment Partnership (Limited Partnership) (hereinafter referred to as "Sanxiang Zirconium Magnesium"). Yi'an Technology's capital contribution to Ningde Sanxiang is 40 million yuan, and the shareholding ratio is 40%. Sanxiang Zirconium and Magnesium's capital contribution to Ningde Sanxiang is 60 million yuan. The shareholding company of An Technology, according to relevant regulations, Ningde Sanxiang is an affiliated legal person of Yi'an Technology. Therefore, the company and the affiliated legal person Ning De Sanxiang jointly signed a technology licensing agreement to constitute an affiliated transaction.

Yi'an Technology said that through the increase in the acceptance of liquid metals in related industries, more and more companies use liquid metal materials to design and manufacture efficient and precise complex structural parts, and the demand for liquid metals is increasing. In order to continue to develop the liquid metal product market, the company has accelerated its market layout. The gradual progress of this technology license agreement is conducive to enhancing the ability of the joint-stock company Ningde Sanxiang to independently develop and produce amorphous alloy (liquid metal) products and improve the amorphous alloy (liquid metal) Product market competitiveness, enhancing the company's overall competitiveness, and promoting the development of the liquid metal industry are in line with the company's development strategy. This technology license will have a positive impact on the company's financial situation and operating results.

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