Press Release

LAKE FOREST, Calif., Mar 1, 2004 (BUSINESS WIRE) -- Liquidmetal(R) Technologies, Inc. (Nasdaq:LQMT), the leading commercial developer of amorphous alloy and coatings technology, today announced the following changes to the company's board of directors:

• Marine Corps Lieutenant General (Ret.) Jeffrey W. Oster, a director since April 2002, has been appointed Deputy Chief Operating Officer for the Coalition Provisional Authority (CPA) headed by Ambassador L. Paul Bremer in Baghdad, Iraq. As a result of his new assignment and transfer, General Oster has resigned from the Liquidmetal Technologies board of directors, effective February 29;
• Dean G. Tanella, currently President and CEO of AJD Capital, LLC, a Florida-based private wealth management firm, and formerly Senior Managing Director for U.S and European Institutional Equity Sales for Raymond James & Associates, Inc., has been elected a director of Liquidmetal Technologies, effective March 1.

Commenting on General Oster's resignation, John Kang, Chairman and CEO, said: "General Oster has been an admired and invaluable board member for whom we have the highest respect, as evidenced by his recent appointment as our lead independent director. Unfortunately, prior to his recent departure for Iraq, he concluded that it would not be feasible to continue his service on the board. We regret, but completely understand his decision and wish him God speed in this important new undertaking."

General Oster agreed to assume his new duties with the CPA at the request of officials in the U.S. Department of Defense. The CPA is the temporary governing body designated by the United Nations as the lawful government of Iraq until that nation is politically and socially stable enough to assume its sovereignty. As Deputy Chief Operating Officer, General Oster will help oversee the rebuilding of Iraqi security, police and military forces, and the reconstruction of oil, electrical, communication, transportation, water and other governmental services.

Tanella, 43, is a 20-year veteran of the institutional investment business. He founded Safe Harbor Capital Management, LLC, the predecessor to AJD Capital, in 1999. In addition to his Raymond James tenure, his prior Wall Street experience includes positions with such leading firms as CS First Boston Corp., Adams Harkness & Hill, Drexel Burnham Lambert Inc., Kidder Peabody & Co. and The Vanguard Group. He earned a bachelors degree with honors from Princeton University and an MBA from Harvard Graduate School of Business Administration.

Commenting on Tanella's appointment, Kang said: "Dean's proven expertise in marketing and business strategy, and his thorough knowledge of public securities markets and corporate governance, offer a new level of perspective and energy to the board. We welcome him and look forward to his leadership and guidance."

About Liquidmetal Technologies, Inc.

Liquidmetal Technologies, Inc. (http://www.liquidmetal.com) is the leading developer, manufacturer, and marketer of products made from amorphous alloys. Amorphous alloys are unique materials that are characterized by a random atomic structure, in contrast to the crystalline atomic structure possessed by ordinary metals and alloys. Bulk Liquidmetal(R) alloys are two to three times stronger than commonly used titanium alloys, harder than tool steel, and relatively non-corrosive and wear resistant. Bulk Liquidmetal alloys can also be molded into precision net-shaped parts similar to plastics, resulting in intricate and sophisticated engineered designs. 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. The combination of a super alloy's performance coupled with unique processing advantages positions Liquidmetal alloys for what the company believes will be The Third Revolution(TM) in material science.

This press release may contain "forward-looking statements" that involve risks and uncertainties, including statements regarding our plans, future events, objectives, expectations, forecasts, or assumptions. Any statement in this press release that is not a statement of historical fact is a forward-looking statement, and in some cases, words such as "believe," "estimate," "project," "expect," "intend," "may," "anticipate," "plans," "seeks," and similar expressions identify forward-looking statements. These statements involve risks and uncertainties that could cause actual outcomes and results to differ materially from the anticipated outcomes or result, and undue reliance should not be placed on these statements. These risks and uncertainties may include: our limited operating history in developing and manufacturing products from bulk amorphous alloys; the adoption of our alloys by customers; the commercial success of our customer's products; our ability to identify, develop, and commercialize new applications for our alloys; competition with suppliers of incumbent materials; the development of new materials that render our alloys obsolete; the ability to manage our anticipated growth; our limited direct experience in manufacturing bulk alloy products; scaling-up our manufacturing facilities; protecting our intellectual property; problems associated with manufacturing and selling our alloys outside of the United States; and other risks and uncertainties discussed in filings made with the Securities and Exchange Commission (including risks described in subsequent reports on Form 10-Q, Form 10-K, Form 8-K, and other filings). Liquidmetal Technologies disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.

SOURCE: Liquidmetal Technologies, Inc.