Replies to post #190658 on Liquidmetal Technologies Inc (LQMT)

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What you believe and what is stated in the PR are worlds apart:


Eutectix and Liquid Metal Technologies enter into Manufacturing Partnership
February 05, 2020 05:00 PM Eastern Standard Time
LAKE FOREST, Calif.–(BUSINESS WIRE)–Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the world’s foremost authority on the commercialization of zirconium-based bulk metallic glasses (BMGs), has joined with Eutectix, the largest American producer of BMGs, to form a manufacturing partnership. The partnership combines licensed IP, specialized equipment, and facilities to support manufacturing performed by Eutectix in Tolleson, AZ. The operation supports a broader range of alloys, including high performing beryllium-containing formulations, produced using Liquidmetal’s latest technology. US-based customers can expect continuity, as legacy applications will be supported.

Eutectix is uniquely able to provide US-based, high-volume alloy fabrication and recycling operations, which are essential for managing trade restrictions and production costs. Moreover, Eutectix’s expertise and customer base provide access to new markets for BMGs. Liquidmetal Technologies will continue to work closely with its Chinese manufacturing partner, Yihao Metals, leveraging rapid advances in BMG manufacturing capabilities and low-cost offshore production.

“I have worked closely with the Eutectix team throughout my tenure with Liquidmetal. They have been a top-tier, trusted supplier,” said Dr. Bruce Bromage, Liquidmetal’s Chief Operating Officer. “We are excited to announce our new manufacturing partnership. It is a key element of Liquidmetal’s growth plan, providing an efficient, domestic option that is valued by US customers.”

Dr. Nicholas Hutchinson, Eutectix’ Research & Development Director, said, “Liquidmetal clearly provides the best technology available for commercial BMG production. Our partnership significantly expands Eutectix’s market reach, allowing us to leverage our deep BMG expertise to develop high value customer solutions. This is a major step in our company’s growth.”