Liquidmetal Technologies Appoints Former Xilinx Senior Executive, Richard Sevcik, to its Board of Directors
RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--May. 31, 2013--
Liquidmetal® Technologies, Inc. (LTI) (OTCQB: LQMT), the leading
developer of amorphous alloys and composites, has appointed high-tech
industry veteran and noted business success author, Richard Sevcik, to
its board of directors, increasing the number of independent directors
to four out of seven serving in total.
“Richard brings more than 40 years of management and high-tech
development experience to our board of directors, as well as significant
experience in corporate governance,” said Tom Steipp, president and CEO
of Liquidmetal Technologies. “He has a very strong background of
operational excellence coupled with significant experience on both
public and private company boards.”
Sevcik is currently president of Sevcik Consulting, which since 2006 has
provided consulting services to leading semiconductor companies. He
currently serves on the board of directors of Alpha Omega
Semiconductors, a NASDAQ-listed leader in the power semiconductor
market. He previously served on the board of directors at SiliconBlue
Technologies from 2008 until its acquisition by Lattice Semiconductor in
2011. Prior to SiliconBlue, Sevcik served as executive vice president
and board member at Xilinx, a billion dollar supplier of programmable
logic devices, where he was instrumental in driving the company’s
quarterly revenue from $135 million to more than $470 million.
Sevcik has also held various management positions at Hewlett Packard
ranging, from general manager of HP’s business computing client server
systems, to group general manager responsible for five divisions,
several billion dollars in revenue and 2,000 employees. He also held
various positions with Bell Northern Research (now Nortel Networks) and
Bell Laboratories. Sevcik has authored two books, “Character Plus Common
Sense” and “Self-Talk at Work.” He holds a Bachelor of Science degree in
engineering physics from the University of Illinois and a Master’s
degree in electrical engineering from Northwestern University.
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.
Forward-Looking Statement
This press release contains "forward-looking statements," including but
not limited to statements regarding the advantages of Liquidmetal's
amorphous alloy technology, scheduled manufacturing of customer parts
and other statements associated with Liquidmetal's technology and
operations. These statements are based on current expectations of future
events. If underlying assumptions prove inaccurate or unknown risks or
uncertainties materialize, actual results could vary materially from
Liquidmetal's expectations and projections. Risks and uncertainties
include, among other things; customer adoption of Liquidmetal's
technologies and successful integration of those technologies into
customer products; potential difficulties or delays in manufacturing
products incorporating Liquidmetal's technologies; Liquidmetal's ability
to fund its current and anticipated operations; the ability of third
party suppliers and manufacturers to meet customer product requirements;
general industry conditions; general economic conditions; and
governmental laws and regulations affecting Liquidmetal's operations.
Additional information concerning these and other risk factors can be
found in Liquidmetal's public periodic filings with the U.S. Securities
and Exchange Commission, including the discussion under the heading
"Risk Factors" in Liquidmetal's 2012 Annual Report on Form 10-K.
Source: Liquidmetal® Technologies, Inc.
Liquidmetal Technologies, Inc.
Otis Buchanan
Media Relations
949-635-2120
otis.buchanan@liquidmetal.com
or
Liolios
Group, Inc.
Matt Glover or Michael Koehler
Investor Relations
949-574-3860
LQMT@liolios.com
