“We are very excited about the purchase of our new corporate office and manufacturing facility. The new facility will allow us to expand our manufacturing capabilities in line with our overall strategy to prepare the Company to be the global leader in amorphous alloy production,” said Professor Lugee Li, Chairman and CEO at LQMT.
When? January 2017. What for? Read it again!
Seven months later…
“The Company has devoted much of 2017 to acquiring and building out its new manufacturing facility. Now that we are here, we are truly excited to share our continuing story as we begin manufacturing operations in our new building. I welcome our partners, shareholders and anyone interested in our technology to come join us in celebration of our accomplishments and to get a glimpse of what the future holds for Liquidmetal,” said Professor Li, Chairman and CEO.
When? August 2017. What for? Read it again!
Two months later…
Liquidmetal welcomed more than 180 investors, customers, and partners to its headquarters in Lake Forest, California. Professor Lugee Li, Chairman and CEO, personally greeted attendees. “I relish the chance to meet our investors,” said Professor Li. “It isn’t something I get to do often.”
On display were Liquidmetal’s three production lines: Medical-grade amorphous metal molding, Industrial-grade amorphous metal molding, and newly-added MIM (Metal Injection Molding).
Presentations were also given by representatives from certified partners ENGEL and Materion,
“It was a pleasure to be able to discuss our business directly with customers and investors,” said Professor Li. “They had many excellent questions.”
When? October 2017. What for? Read it again!
Two years & nine months later….
Professor Lugee Li, the Company’s Chairman and Chief Executive Officer, stated, “Liquidmetal Technologies is a world leader in developing and manufacturing amorphous metal applications. Our Restructuring Plan allows the Company to focus on commercializing its unique technology and developing its markets while closely managing costs. This is a critical step toward pursuing growth and profitability."
Liquidmetal® Technologies, Inc. (OTCQB: LQMT) (the “Company”), a leading developer of amorphous alloys and composites, today announced that, as a result of its comprehensive strategy review,
The Restructuring Plan is the culmination of the Company’s recent reevaluation of its current and forecasted business outlook and resulting decision to shift the Company’s focus from manufacturing operations at its Lake Forest, California, facility to the outsourced manufacture of the Company’s products.
When? July 2019. What for? Read it again!
Two years later…
Liquidmetal® Technologies, Inc. (OTCQB: LQMT) (the “Company”), a leading developer of amorphous alloys and composites, today announced that Professor Lugee Li, Chairman of the Company’s Board of Directors, has resigned as CEO and President. Citing the company’s readiness for the next phase of its development.
Professor Lugee Li, the Company’s Chairman stated, “Liquidmetal Technologies remains a world leader in developing and manufacturing amorphous metal applications. Although I am stepping down from the CEO role, as Chairman I am fully committed to accomplishing the vision of the Company. I have full confidence that Tony and his executive team are capable of taking the Company to the next phase of development: bringing amorphous alloy technology more fully into the marketplace.”
“I thank the Board of Directors for this opportunity to fulfill what I have known all along, throughout my many years with the Company,” Mr. Chung stated. “Our technology is revolutionary and unmatched by any other. I will continue on the trajectory set by Professor Li and will pursue every opportunity toward achieving our goal of being at the forefront of amorphous alloy technology, building our customer base, and increasing shareholder value.”
“Professor Li has provided valuable direction over the past half decade, and we would not be where we are now without him,” Mr. Bresnick stated. “Today, Liquidmetal has a strong, lean team of dedicated experts. I am grateful for the opportunity to serve as their President, and together, I believe we will make Liquidmetal a success.”
When? July 2021. What for? Read it again!
What’s this all about? When reading the directions the company was headed towards for growth ever since the shut down of domestic manufacturing in LF CA., and publicly stated in 2018, LQMT concentrated all of it’s growth in Asia and where customers are much closer to it’s manufacturing source in China.
That is and was the next phase.
As far as domestic manufacturing goes for LQMT. It takes less than a year to start up and begin manufacturing in a new facility. In fact LQMT did this with the purchase and completion of it’s new facility in LF CA., back in 2017. They were about to expand this facility in 2018. At that point Professor Li, did not share the same views or necessity for LQMT to invest more money in a facility where there was a insufficient pipeline of customers. Hence the restructuring and outsourcing of manufacturing to China where all parts can be made until LQMT was ready for domestic expansion if and whenever they have a sufficient contract or contracts necessitating the higher costs for manufacturing or exchange much of the profits for outsourcing domestic manufacturing.
So far the next phase has not produced any significant contracts abroad in LQMT’s footprint. When you read the rhetoric from Professor li, it’s easy to interpret the timeframe to be soon or the next phase to be a fact.
There are many arguments that can be factually made that Professor li, has made many mistakes and missteps with bringing about success to LQMT. From the OH, to the relationships with Engel and Materion to the executive changes. There too are arguments that can be made for the attempt to streamline costs at LF CA.
Although annual revenue growth is not consistent. Nevertheless LQMT, has had growth in revenues from 2016. Not anywhere near the point of success or a hint of success.
LQMT is not a new company. It was first incorporated over 35 years ago and reincorporated about 20 years ago. It has not evolved. In fact it has depleted many of it’s most valuable assets beginning with it’s knowledgeable experts in the field of amorphous metal to the selling and sharing of it’s IP with partners and the restrictions on use in the area of CE to survive.
The loss of CE use is not the end to LQMT’s manufacturing of parts that may be exempt from the agreements involving CE parts. And I’m not talking about amorphous metal formula which must be transferred to Apple via the structure set up in the agreements. To understand this, carefully read the reasons for the trademarks and use of parts legal definitions. Another reason why LQMT silenced itself.
There is absolutely no timeline for LQMT to and a significant contract of value the size that would support a dollar a share. Imho, It’s either ludicrous or ridiculous strategy to say if LQMT does not land a whale by X amount of time, that it is time to sell. Knowing LQMT’s managerial history and it’s sales history anytime is the right time to invest in LQMT or to divest from LQMT. There are no timeframes for success if anyone cares to believe in what LQMT states.
On the other hand there are plenty of timeframes from decisions based on positive or negative emotions. For me the reality is simply this. LQMT is a extremely low interest, low trading volume, low penny stock high risk dice roll. Always has been and will be until higher value contracts are signed and parts shipped.
Good luck to all in LQMT.
