Liquidmetal Technologies Inc (LQMT)

[liljoe]

Liquidmetal Technologies Names New Members to Board of Directors

http://phx.corporate-ir.net/phoenix.zhtml?c=130649&p=irol-newsArticle&ID=1483014&highlight=

RANCHO SANTA MARGARITA, Calif., Oct 14, 2010 (BUSINESS WIRE) --16:28 EDT

Liquidmetal(R) Technologies Inc. (OTCBB: LQMT) today announced that it has named two new members to the Board of Directors of the Company. Chairman Abdi Mahamedi is welcoming Daniel Young and Ricardo Salas to board seats being vacated by Martin Weinstein and Iraj Azarm.

"Liquidmetal Technologies is grateful for the contributions and service of Dr. Weinstein and Mr. Azarm during their tenure as directors. Their insights helped to guide the Company through several complex and important matters," commented Mr. Mahamedi. "We also look forward to benefiting from the insights and experience that our new directors bring to our Board at this exciting phase in our technology's commercialization."

Incoming member Daniel Young is president of Irvine Community Development Company LLC (ICDC), an affiliate of the 140-year-old Irvine Company known for the planned development of the Irvine Ranch properties in Orange County, California. In addition to the master planned communities, the Irvine Company is also known for its portfolio of elite investment properties in Orange County, San Diego, West Los Angeles and the Silicon Valley. As president of ICDC, Mr. Young guides all facets of the Irvine Company's community master-planning and development process. Mr. Young also has a history of community involvement which includes 11 years on the Santa Ana City Council, including 8 years as mayor. He has served on the board of directors of several regional agencies. Mr. Young is a graduate of California State University and has a master's degree in public administration from the University of Southern California.

Current Liquidmetal Technologies Executive Vice President and former company President Ricardo Salas is also joining the Company's Board of Directors. Mr. Salas previously served as a board member of the Company from April 1995 to May 2003. Prior to his tenure with Liquidmetal Technologies, Salas served as Chairman and Chief Executive Officer of iLIANT Corporation, an information technology and outsourcing service firm in the healthcare industry. Mr. Salas currently serves as a director of CyberDefender Corporation (CYDE) as well as two privately held technology companies. Mr. Salas received his degree in Economics from Harvard College.