Press Release
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Trotter, 43, joins Liquidmetal Technologies December 1 from Howmet Castings, the Alcoa subsidiary and world's largest manufacturer of precision castings for jet aircraft and industrial gas turbine engines, where he has held a succession of operations management roles of increasing scope since joining that company in 1993. Most recently, he has been general manager with full operating and business development responsibility at Alcoa's Howmet Structural Casting division based in Hampton, Virginia, itself a leader in the production of complex super alloy and titanium aerospace components. Prior to Howmet, Trotter held various manufacturing operation, product development, and project engineering posts with Precision Castparts Corporation, United Technologies-Pratt & Whitney Aircraft, and the Castings Division of TRW, Inc.
In announcing Trotter's appointment today, Liquidmetal Technologies President and Chief Executive Officer John Kang said: "We are very excited about bringing Tom on board. He has an impressive track record of manufacturing leadership and performance. His hands-on experience with sophisticated casting processes and super alloys in the manufacture of precision, high-performance products is a glove fit with the demands of our advanced materials technology, rapid growth and world-class customer base. Longer term, we look forward to applying Tom's leadership skills across other emerging operations and manufacturing programs as we build capacity to service global markets for current and future generations of our Liquidmetal(R) alloys. It is truly an exciting time for Liquidmetal Technologies, and we welcome Tom to our team."
Trotter will have senior management responsibility for all aspects of implementing and managing the company's manufacturing operations. His initial focus will be on bringing full production capabilities to fruition at the company's 166,000 square foot plant facility in Pyongtaek, South Korea, with that focus expanding as new manufacturing operations are added in the U.S. and internationally in support of the company's anticipated growth.
About Liquidmetal TechnologiesLiquidmetal Technologies (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
Investors:
David Townsend, 813/314-0280 ext. 127
Media:
Otis Buchanan, 813/314-0280 ext. 109
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