April 19, 2024


The Business & Finance guru

Liquidmetal Enters into Source Agreement With Yihao Metallic Technological innovation

LAKE FOREST, Calif.–(Business WIRE)–Liquidmetal® Systems, Inc. (OTCQB: LQMT), the foremost supplier of programs for zirconium-dependent bulk metallic eyeglasses (BMGs), has entered into a manufacturing provide arrangement with Dongguan Yihao Metal Technology Co., Ltd. (“Yihao”), the world’s premier producer of BMG merchandise.

“While Liquidmetal has currently been working with Yihao as its agreement manufacturer around the a long time, this source arrangement now solidifies our long-time period connection. I can’t emphasize more than enough how vital it is to have the suitable partners in position to bring about new technological know-how into the forefront of results, and our partnership with Yihao completes our evolution of advancing the technologies and bringing Liquidmetal applications and products and services to the world-wide provide chain like no other,” stated Tony Chung, CEO of Liquidmetal Technologies, Inc.

“Our production abilities coupled with Liquidmetal’s brand name, expertise and know-how in the amorphous alloy room results in a potent, built-in vertical supply chain that can’t be matched. We are dedicated to the eyesight of bringing Liquidmetal engineering to the masses and glance ahead to a very long and prosperous enterprise partnership,” claimed Peter Gao, CEO of Dongguan Yihao Steel Engineering Co., Ltd.

For a lot more facts, refer to the Company’s 8-K filing with the SEC on January 19, 2022.

About Liquidmetal Systems

Lake Forest, California-dependent Liquidmetal Systems, Inc. is the primary developer of sections designed with bulk amorphous alloys, also recognized scientifically as bulk metallic glasses or BMGs. The non-crystalline atomic composition of these materials imparts special general performance houses, such as the means to injection-mould with micron-amount precision, lustrous finishes, superior power, hardness and corrosion resistance, and outstanding elasticity. Liquidmetal Technologies is the initially corporation to develop amorphous alloy components commercially, enabling important enhancements in items across a extensive array of industries. For additional info, go to www.liquidmetal.com.

About Dongguan Yihao Metallic Know-how

China-dependent Dongguan Yihao Steel Engineering Co., Ltd. was started in November 2014 and has created BMG technological innovation for more than a decade to provide knowledge in all facets of BMG production. The Organization operates out of a 200,000 sq. foot facility in the province of Guangdong and maintains far more than 90 BMG production machines to service its customers. For a lot more information and facts, go to www.yihaometal.com.

Forward-Looking Assertion

This press release contains “ahead-searching statements,” which include but not minimal to statements with regards to the positive aspects of Liquidmetal’s amorphous alloy technologies, scheduled producing of purchaser elements and other statements associated with Liquidmetal’s technological innovation and operations. These statements are primarily based on latest expectations of future activities. If underlying assumptions verify inaccurate or unknown hazards or uncertainties materialize, actual final results could range materially from Liquidmetal’s anticipations and projections. Challenges and uncertainties involve, between other items purchaser adoption of Liquidmetal’s technologies and profitable integration of those people technologies into buyer solutions potential complications or delays in producing products incorporating Liquidmetal’s technologies Liquidmetal’s skill to fund its recent and anticipated operations the capacity of 3rd celebration suppliers and makers to meet buyer product or service requirements standard field situations general economic disorders and governmental legal guidelines and regulations impacting Liquidmetal’s operations. More data concerning these and other threat factors can be discovered in Liquidmetal’s public periodic filings with the U.S. Securities and Trade Fee, which includes the dialogue under the heading “Danger Elements” in Liquidmetal’s 2018 Yearly Report on Type 10-K.