Press Release

LAKE FOREST, Calif.--(BUSINESS WIRE)--Feb. 12, 2004--Liquidmetal(R) Technologies (Nasdaq:LQMT), the world's leading developer of amorphous alloy materials, announced today that Vertu Limited, the world's first luxury personal communication company, is featuring the revolutionary Liquidmetal(R) alloy in the design of its new collection of luxury mobile phones. The new Vertu Ascent Collection was recently unveiled at launch events in Paris, New York, Singapore and Hong Kong.

The Vertu Ascent Collection complements the Signature Collection, launched in January 2002, which pioneered the use of ceramic, sapphire crystal, stainless steel, and precious metals in creating the world's first luxury personal communication instruments. In the Vertu Ascent Collection, Liquidmetal alloy has been selected exclusively for the phone's prominent front bezel and battery cover.

Vertu selected Liquidmetal alloy for its exceptional durability and scratch resistance. Liquidmetal alloys possess a unique amorphous atomic structure that combines strength and hardness two-to-three times greater than titanium with the ability to be molded into precision parts.

Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, and the alloys are considered a breakthrough in material science. Other current and developing applications for Liquidmetal alloys include sporting goods, electronics, defense products and medical devices, where high strength and performance are driving factors in product design and material selection.

The Vertu Ascent Collection and its accessories are available at Vertu Stores in Paris and Singapore, Vertu Client Suites in Hong Kong and Singapore, and in select fine jewelry and department stores worldwide. For more information, please visit www.vertu.com.

About Liquidmetal Technologies

Lake Forest, California-based Liquidmetal Technologies, Inc. (Nasdaq:LQMT), is the leading developer of coatings, powders, 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 atomic 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 additional product and marketing contact information, please visit the Liquidmetal Technologies website at www.liquidmetal.com, or direct phone inquiries to Liquidmetal Technologies-Marketing at 949-206-8021.

About Vertu

Vertu is the first luxury personal communication company specializing in handcrafted mobile communication products. Vertu is headquartered in the United Kingdom with offices in Paris, New York, Singapore and Hong Kong.

Vertu is a registered trademark of Vertu Limited. Vertu's product names are either trademarks or registered trademarks of Vertu Limited.

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, Inc. 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(R) Technologies, Lake Forest
             Media:
             Otis Buchanan, 949/206-8020
             otis.buchanan@liquidmetal.com
             or
             Investors:
             David Townsend, 813/314-0280
             david.townsend@liquidmetal.com

    SOURCE: Liquidmetal(R) Technologies