Liquidmetal Technologies to Provide Turnkey Manufacturing Solution to
RANCHO SANTA MARGARITA, Calif. -- October 9, 2013
Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the leading developer of
amorphous alloys and composites, has reported delivery of its customized
induction melt system, developed to adapt standard plastic injection molding
machines to manufacture Liquidmetal components.
After extensive revisions and trials with the current Liquidmetal system,
Liquidmetal Technologies and Engel Austria GmbH (Engel), a Certified
Liquidmetal Partner, have agreed to a configuration that can be commercially
supplied and supported by Engel. The Liquidmetal-designed system has been
shipped to Engel to be installed as part of a standard injection-molding
*This important milestone represents the culmination of many iterations of
design, which will now be tested to assure the commercial readiness of
this breakthrough manufacturing technology.
*Current and future licensees of LQMT may soon be able to purchase a
Liquidmetal injection-molding machine from Engel to manufacture
Liquidmetal parts as part of a turnkey solution.
*The availability of the Liquidmetal injection-molding machine supplied by
Engel indicates the readiness of Engel to utilize its worldwide network to
provide ongoing service and spare parts procurement.
*Developed by LQMT’s engineers in Orange County with active support from
Engel, the system incorporates the latest advancements to produce high
quality Liquidmetal parts. This includes developments that reduce
consumable costs and increase maintainability while precisely controlling
“Licensing our technology to partners in vertical markets, such as medical,
aerospace and sporting goods applications, promises to be of increasing
importance to the Company going forward. The readiness of the Liquidmetal
injection molding machine, which will be sold and supported by Engel, is an
important step forward in our licensing strategy,” commented Tom Steipp,
Liquidmetal Technologies’ President and CEO.
"Collaboration between both companies has been ongoing for several years.
Joint advancements with Liquidmetal’sinduction melt system and
Engel'sinjection molding machinery have led to a process capable technology
platform.Engel Machinery, in conjunction with Liquidmetal Technologies,looks
forward tobringing this exciting economicaltechnology to market," said Mark
Sankovitch, President, Engel North America.
About Liquidmetal Technologies
Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the
leading developer of bulk alloys and composites that utilize the performance
advantages offered by amorphous alloy technology. Amorphous alloys are unique
materials that are distinguished by their ability to retain a random structure
when they solidify, in contrast to the crystalline atomic structure that forms
in ordinary metals and alloys. Liquidmetal Technologies is the first company
to produce amorphous alloys in commercially viable bulk form, enabling
significant improvements in products across a wide array of industries. For
more information, go to www.liquidmetal.com.
About ENGEL AUSTRIA GmbH
ENGEL is one of the globally leading manufacturers of plastics processing
machines. Today, the ENGEL Group offers a full range of technology modules for
plastics processing as a single source supplier: Injection molding machines
for thermoplastics and elastomers, and automation, with the assurance that
individual components are also competitive and successful in the world
markets. With eight production plants in Europe, North America and Asia (China
and Korea), subsidiaries and representatives in over 85 countries, ENGEL
offers its customers the optimal global support they need to compete and
succeed with new technologies and leading-edge production systems. For more
information, go to www.engelglobal.com.
Liquidmetal Technologies, Inc.
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