Around Christmas Eve 2020 a former executive stated many forward words and expectations for 2021. As we all know many of those expectations were never achieved.
In that statement was stated what he thought LQMT needed for further success.
“Multiple, readily available manufacturing sources. Top tier customers are reluctant to rely on single source manufacturing or a technology that is tightly controlled.”
This still appears to be a problem unsolved today.
Another quote: “Our primary supplier is Yihao Metals in Dongguan, China, who is certified to meet the demanding quality requirements for some of the world’s largest companies.”
And then this quote: “We have addressed many of the commercial barriers we previously faced by refining our technology and restructuring operations. Thanks to our partnership with Yihao, we are collectively making progress fielding lighthouse products. Work continues, especially in China, to expand the availability of materials, molding machines and manufacturing operations in anticipation of rapidly growing demand.”
From what others have researched from websites abroad, without being able to verify the actual $$$$$$ from these parts or sales depicted. It is safe to say that these parts are indeed being manufactured abroad and have been manufactured abroad for the purpose of selling those parts.
It is also safe to say that the executive in question was stating the truth within any of his forward worded commentary.
Yihao has/is indeed using the LQMT IP and any improved process developed. The process often is worth far more than the patent.
As stated in a few of my recent posts! Those doing research on abroad websites can verify those parts by paying a little more attention here in the USA on the LQMT website. It will not indicate any sales or potential sales. But it will verify what some have posted about potential parts being manufactured abroad. It will not verify what parts if any have been ordered or what quantities of any parts using the LQMT IP.
This is not a theory. What remains to be seen is if LQMT can ink a deal before 2027 with a tier one company, a mega company even if the deal is not a mega $$$$$$ deal.
As the former executive believed. One deal can make a company!
Clues to why I state before 2027 are imo from reading the last 10K.
Good luck to all in LQMT and those who know how to research.
Wish TC luck. He may be getting closer.
The above statements have no bearing on LQMT’s past or present fundamentals.
