On August 5, 2010, we entered into a license transaction with Apple Inc. (“Apple”) pursuant to which, for a one-time license fee, we granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize our intellectual property in the field of “consumer electronic” products, as defined in the license agreement. As a result, we will not pursue application of our bulk Liquidmetal alloys in the consumer electronics field. However, we continue to work with Apple to develop and advance research and development in the amorphous alloy space to benefit both consumer (Apple sphere) and non-consumer (LQMT sphere) electronics fields. For more information regarding our transaction with Apple, see “ – Licensing Transactions” below.
Our revenues are derived from i) selling our bulk amorphous alloy custom products and parts for applications which include, but are not limited to, non- consumer electronic devices, medical products, automotive components, and sports and leisure goods (in other words, there are other categories not listed here which meet the Non-CE criteria); ii) selling tooling and prototype parts such as demonstration parts and test samples for customers with products in development; and iii) product licensing and royalty revenue.
Apple CE does not meet LQMT Non-CE criteria for listing. Contractually stated.
If Non-CE is NOT CE than you, tautologically, cannot say CE equals NON-CE.
A conntract which is not tautologically correct can not be enforced as a contract in ANY COURT of LAW. This is a LEGAL GIVEN.
So, Apple and LQMT are both continuing to work to improve LQMT formulations, processes, technology, etc which will provide benefit to each party in there sphere of the contract as delineated. NOTHING MORE, NOTHING LESS.
I much more greatly like the way I read contracts.
this is why I am never disappointed to the downsides from mis-reads hitting the fan.
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