Liquidmetal Technologies Inc (LQMT)

[Blotty]

Question #2

"Milestone Payments"

LQMT got the whole $20MM the first time around, we don't know the details of the second contract.

If Liquidmetal is to receive these Milestone Payments in the second contract I don't see us getting paid a dime as we have no R&D currently and really have nothing to offer short of the original patent/IP?

From the S1/original MTA:


On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which (i) we contributed substantially all of our
intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary, called Crucible Intellectual Property, LLC (“CIP”), (ii) CIP
granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products,
as defined in the license agreement, in exchange for a license fee, and (iii) CIP granted back to us a perpetual, worldwide, fully-paid, exclusive license to
commercialize such intellectual property in all other fields of use. Additionally, in connection with the license transaction, Apple required us to complete a
statement of work related to the exchange of Liquidmetal intellectual property information. The Company recognized a portion of the one-time license fee
upon receipt of the initial payment and completion of the foregoing requirements under the license transaction. The remaining portion of the one-time license
fee was recognized at the completion of the required statement of work.


What was the statement of work for?

Do you think there was no revenue associated with it?

Do you think the recent extension had anything to do with the completion of this statement of work?

... and there is something to offer other than the original IP.

I have a feeling the extension has something to do with this.

http://www.freepatentsonline.com/20110163509.pdf

Assignee: Crucible Intellectual Property

Inventors: Theodore Andy Waniuk & Quoc Tran Pham