Press Release

TAMPA, Fla.--(BUSINESS WIRE)--Aug. 22, 2003--The Board of Directors of 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 executive management team:

    --  John Kang, President and Chief Executive Officer, has been
        elected to the additional role of Chairman, effective
        September 1, 2003;

    --  James Kang, current Chairman, is relinquishing his operations
        management responsibilities in order to help lead the ongoing
        development of next-generation Liquidmetal(R) alloys through
        industry and institutional research partnerships;

    --  R. Brian McDougall, Executive Vice President and Chief
        Financial Officer, has been elected to the additional, newly
        established role of Chief Operating Officer.

William J. Johnson, Ph.D., co-discoverer of Liquidmetal alloys and a member of the company's board of directors, commented: "These executive changes augment the significant restructuring measures undertaken by the company in recent months and realign the activities of senior management to fit more precisely with our sharpened focus on building a profitable business and pervasive technology. James Kang has been a driving force behind the commercialization of Liquidmetal alloys virtually since the company's inception. His thorough knowledge of our technology and processes will provide invaluable support to John, who will continue to lead the company's customer and product development efforts as well as ongoing initiatives to engage strategic industry partners to accelerate the commercial adoption of Liquidmetal alloys across a range of applications."

Commenting on McDougall's expanded role as Chief Operating Officer, John Kang said: "This is a well-deserved acknowledgement of Brian's strong leadership and contributions to the company. It underscores our commitment to linking rigorous financial controls with efficient manufacturing operations at this important stage of the company's evolution."

McDougall, 40, joined Liquidmetal in March 2001 as chief financial officer and executive vice president. Prior to joining the company, he held various positions at Sage Best Software, including vice president of financial operations, chief information officer, and chief financial officer. McDougall's focus at Sage Best was to build an efficient financial and systems operating environment that supported the company as it grew, changed ownership structures from private to public, and was subsequently acquired. Prior to Sage Best he held various financial and operating management positions with AT&T Paradyne Corporation, a manufacturer of broadband network access products.

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.

    CONTACT: Liquidmetal Technologies, Inc., Tampa
             David Townsend, 813-314-0280 ext. 127
             david.townsend@liquidmetal.com

    SOURCE: Liquidmetal Technologies, Inc.