Press Release

LAKE FOREST, Calif.--(BUSINESS WIRE)--March 29, 2006--The NASD informed Liquidmetal Technologies (OTCBB:LQMT) on March 28, 2006 that, pending the filing of an amendment to Liquidmetal's Form 10-K for the 2005 fiscal year containing additional information requested by the NASD, an "e" has been placed next to Liquidmetal's trading symbol on the OTC Bulletin Board effective Tuesday March 28th, 2006. The NASD informed Liquidmetal that, in order for Liquidmetal's common stock to continue to be eligible for quotation on the OTC Bulletin Board, Liquidmetal needs to include a statement in its Form 10-K for the 2005 fiscal year indicating that the company's management has entirely completed an assessment of the company's internal controls over financial reporting and stating management's conclusions from such assessment. The NASD has informed the company that the company can regain compliance with OTC Bulletin Board requirements by filing a 10-K amendment containing such information, even if even if such amendment continues to contain a disclaimer of opinion by the company's independent auditor with respect to such assessment. Liquidmetal Technologies has a thirty day period to file such an amendment that is acceptable to the NASD before its common stock is no longer eligible for quotation on the OTC Bulletin Board, and the company is currently diligently working toward preparation and filing this amendment within the prescribed time period.

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., Lake Forest
             Otis Buchanan, 949-206-8020
             otis.buchanan@liquidmetal.com

    SOURCE: Liquidmetal(R) Technologies Inc.