Liquidmetal Technologies, Inc.
(OTC: LQMT) is the leading developer of amorphous alloys – unique materials
capable of retaining a random structure when they solidify, in contrast to the
crystalline atomic structure that forms in ordinary metals and alloys. As the
first company to produce amorphous alloys in commercially viable bulk form,
Liquidmetal has developed an explicit strategy for advancing the commercial
adoption of its technologies. The basis for this strategy is a strong
intellectual portfolio, valuable partnerships and a strong sales team.
More than double the strength of
titanium, highly elastic, non-magnetic and resistant to corrosion, Liquidmetal
alloys are a metallic glass that enable applications to achieve unprecedented
performance and accuracy levels, making them ideal for medical, military,
consumer, industrial and sporting goods products.
Liquidmetal has control of
intellectual property rights for this technology with more than 70 U.S. patents
– and the applications within this IP portfolio continue to expand. The company
recently received an annual purchase order from CoNextions to produce a
critical medical device component to be used for suture-based tendon repairs,
and, in December, Liquidmetal began selling its Liquidmetal Hybrid Knife, which
embodies a geometry that is impractical to produce with any other metal forming
process.
“The ability of the Liquidmetal
process technology to provide such a high level of part to part dimensional
precision and repeatability is showcased by the precise fit of the knife blade
and protector,” Paul Hauck, vice president of World-Wide Sales and Marketing,
stated in a news release. “After more than 30 years of involvement with metal
parts fabrication technologies, I have not witnessed anything like the
precision of this molding technology…”
Liquidmetal manufactures its
components through a network of Certified Liquidmetal Partners (CLP) comprised
of leading alloy material suppliers, machine & mold manufacturers,
government agencies, and commercial companies. This structure ensures that each
CLP adheres to rigorous testing and certification requirements and means each
customer who purchases Liquidmetal parts and services receives a consistently
high quality.
The company also maintains the
highest standards for itself and kicked off 2016 with news it has received its
formal ISO 9001: 2008 certification, which the company says places it in a
position to close the gap between early prototypes and high volume dual source
to outsourced production.
Liquidmetal reported $42,000 in
revenues for third-quarter 2015, down from $97,000 in the comparable quarter of
2014, but marking the fifth consecutive quarter with a significant sequential
increase in the number of request for quotes (RFQs).
“In the third quarter of FY15 we
again received over 100 RFQs and again achieved an all-time high. Just as
significant about 25% of these RFQs came from Europe. RFQs are the lifeblood of
our future and this significant quarter-over-quarter increase along with their ever-improving
quality gives us substantial reason for optimism as we look towards 2016,”
company CEO Tom Steipp stated in the third-quarter earnings call
(source:www.seekingalpha.com).
As Liquidmetals prepares to
ramp-up production and shipment revenues in the upcoming year, customer
education and confidence will play a vital role in its success. For this,
Liquidmetals has a strong sales and marketing team.
“During the past 18 months, we’ve
worked hard to assemble an internal and external team of sales and marketing
professionals … The total team at Liquidmetal is now processing more than 100
RFQs per quarter and more than 200 general technology inquiries … The
increasing number and quality of RFQs is a clear reflection of their
significant contribution to educating customers on the design principals and
material property benefits that come from our technology…,” Hauck stated in the
quarterly earnings call.
After hitting several key
milestones in 2015, Steipp says the company has built a solid foundation for
the beginning and increase of production revenue in the year ahead.
For more information, go to www.liquidmetal.com
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