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Replies to post #174674 on Liquidmetal Technologies Inc (LQMT)
06/24/19 6:30 AM
10.
Covenant Not to Compete.
(a)
LMT shall not, and shall ensure that its direct and indirect subsidiaries shall not, directly, or indirectly through or in association with any person, business enterprise or otherwise, (i) develop, design, manufacture, sell, offer for sale or otherwise distribute or provide any (x) Consumer Electronic Products or (y) materials, components, manufacturing services or technology for use or integration therewith; (ii) own or acquire any interest in, manage, operate, control or participate in any business which is engaged in any of the activities described in preceding subsection (i); or (iii) act as a consultant or advisor, loan or otherwise provide funds or assistance of any sort, or sell or license intellectual property to any business enterprise which is or is attempting to engage in any of the activities listed in subsection (i) or (ii) hereof.
"Consumer Electronic Products" means personal computers (portable and desktop); tablet or slate style computing devices; handheld electronic and/or communication devices (e.g., smartphones, digital music players, multi-function devices, etc.); any device whose function includes the creation, storage or consumption of digital media; any component or sub-component in any Consumer Electronic Product; and any accessory that is the same or similar (in Apple's sole discretion) to an accessory made or sold by or on behalf of Apple (regardless of when Apple sold or started to sell such accessory, including after the Closing Date) that is suitable for use with any Consumer Electronic Product.
2.2. Patent License Grant to LMT. Upon the terms and conditions set forth herein (including the termination provisions in Article 7 hereof) and subject to the Field of Use Restrictions, Eontec hereby grants to LMT a non-revocable, paid-up, royalty-free, perpetual license (or sublicense, as the case may be) to the Eontec Licensed Patents and Eontec Licensed Technical Information to make, have made, use, offer to sell, sell, export and import LMT Licensed Products within the LMT Field in the LMT Exclusive Territory and Non-Exclusive Territories. Such license shall be exclusive to LMT (including to the exclusion of Eontec and its Affiliates) in the LMT Exclusive Territory and shall be non-exclusive in the Non-Exclusive Territories. Notwithstanding the foregoing, nothing in this Agreement shall prohibit LMT from engaging in research or development activities in the Eontec Exclusive Territory.
Dr. Bromage continued that “several projects are underway in collaboration with Yihao Metals, taking advantage of Liquidmetal’s amorphous metals expertise and proximity to US customers to develop parts that can be produced in high volumes in Asia. Liquidmetal and Yihao are working together to improve the cost of commercial AMM machines, alloys and processing methods to open markets globally.”
Dr. Bromage continued, “Our building power upgrade is near completion, allowing us to further expand our manufacturing footprint. On the research and development front, we continue to learn more about the unique capabilities of our materials and production methods, especially for consumer and medical applications.”
Lugee Li owns both Eon Industrial (Lugee East) and Liquidmetal HK (Lugee West).
Eon industrial is still the biggest shareholder of Eontec despite controllership has been passed along to the State.
LiquidMetal HK is the biggest shareholder of LQMT and Leader Medical
All the JV (majority own) and subsidiaries (100% own) by Eontec is listed within Eontec 10K. Yes, JV are losing money (just like all startup) and it does affect bottom line of Eontec. This is no different than Googe and Alphabets.
Eontec and LQMT signed a cross license agreement (non-CE only to shut off Apple) for everything each entity owns before March 2016.
Eontec and LQMT are jointly development partner after March 2016. Both companies shared everything developed after March 2016. Note Apple CIP cookie jar was closed on Feb 2016.
Eontec machine robotic enhancement and 106c formulation are joint development after March 2016.
LQMT-CHINA is the only public disclosed entity that oversees three entities namely Eontec, LQMT and Yi Hao Metal
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=135988209&txt2find=leader|medical
PLA is not effective until 11/2016
CIP cookie jar closed on 02/2016.
Apple ROFR expired on 02/2018.
Anything Eon “filed” before 02/2016 and “granted” within the window of “11/2016 till 02/2018” is isolated by CE exclusion clause within PLA.
Anything Eon and/or LQMT “filed” after 02/2016 is outside of CIP but can be “outbid” by Apple if it is sold.
Anything Eon and/or LQMT “filed” after 02/2018 is outside of Apple reach forever.
Reposting - Eontec Q&A:
Question: 2019?02?20? 14:06
Excuse me, Apple $20 million obtained LQMT company permanent irrevocable global patent exclusive license, at present still valid.Is there any legal barrier to the sale of your liquid metal products in the United States or around the world.
Eon Response: 2019?02?21? 15:11
How do you do? Thank you for your attention to the company.LQMT's patented use of consumer electronics products has authorized Apple, and the rest is free to use. LQMT's scientific department has also been communicating with Apple. In addition to the exclusive use of LQMT patents in Asia (excluding consumer electronics), Yian itself has many more suitable patent formulations, so global sales are accessible. Thanks!
http://irm.cninfo.com.cn/ircs/interaction/viewQuestionForSzse.do?questionId=6251836
ZHUZHOU INVESTMENT IN EONTEC
Many of you have asked about the recent announcement made by Dongguan Eontec, Ltd (“EONTEC”) regarding new investments made in the company and changes in their overall ownership structure. According to the announcement, Zhuzhou State-owned Assets Investment Holding Group Co., Ltd. (“Zhuzhou”), a state-sponsored investment vehicle will make a significant investment in EONTEC, resulting in Zhuzhou being the largest shareholder in EONTEC. It is our understanding that the focus of the transaction is to foster the development of promising technologies for the local population and that no fundamental changes in business operations or management structure are expected.
We are not privy to details of this transaction, but we can note the following:
• The Parallel License Agreement with EONTEC remains in place, on its original terms, and we will continue to partner with EONTEC to develop synergies, lower cost solutions for alloy and production tooling, and identifying new applications for the technology.
• Professor Li remains committed to the development of amorphous metal technologies and will not be changing course on this as he continues to lead the operations of both Liquidmetal Technologies and EONTEC.
• Professor Li’s investment in Liquidmetal Technologies continues to be held separate from his investment in EONTEC, and the Zhuzhou transaction will have no impact on our ownership, Board of Directors composition, or operations.
While we do not foresee a need to provide formal updates on this matter, to the extent there are additional related events or circumstances impacting Liquidmetal Technologies we will clarify such developments in future postings.
Sincerely, Bryce Van
06/24/19 12:44 PM
If the Zenfone 6 uses a non apple patented amorphous alloy and non apple patented process via yihao/eontec, can LQMT make a buck in Europe and NA [color=red]if [LQMT] were part of the design/engineering/sales[/color]?
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