Press Release
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(Liquidmetal Part Is Featured in Innovative SCH-X199 Model Being Introduced to Market by China Unicom)
Liquidmetal Technologies (NASDAQ:LQMT) today announced that its high-performance Liquidmetal(R) alloy is featured in a new line of stronger, thinner cellular phones to be launched by Samsung Electronics Company, affirming a Samsung announcement reported in the September 29 edition of Korean-language business publication The Korea Economic Daily.
Samsung teamed up with Liquidmetal Technologies to produce a super-thin LCD screen frame component for its innovative SCH-X199 mobile phone model. The phone is being introduced in China by leading wireless service provider China Unicom under an initial contract order with Samsung.
"Samsung is focused on reshaping the future of consumer electronics through technical excellence and superior design. Our application of Liquidmetal's revolutionary alloy in this exciting new phone concept is an excellent example of that spirit of innovation and product leadership," says G.H. Yoon, Vice President of Design Group, Telecommunication Network Business, Samsung Electronics. "With its exceptional strength, durability and processing advantages, Liquidmetal(R) alloy is poised to be a significant part of Samsung's growing family of cutting-edge products."
John Kang, Liquidmetal Technologies' president and chief executive officer, comments, "We are delighted with the close working partnership we have achieved with Samsung. With two-to-three times the strength of high-performance metals, including stainless steel and titanium, Liquidmetal(R) alloys are ideally suited to meet the design and technical advancements customers expect and for which Samsung is being recognized in the global marketplace. This is particularly true in premium-quality cell phone markets, where consumers are demanding smaller, thinner and more aesthetically pleasing designs along with increased functionality," Kang said.
The SCH-X199 parts are being produced at Liquidmetal Technologies' manufacturing operations near Seoul, South Korea, the global headquarters of Samsung Electronics. Liquidmetal Technologies is currently in production at its 13,000 square foot plant in Pyongtaek, South Korea. Construction of an adjoining 153,000 square foot building was completed as scheduled in September. Machinery, equipment and supporting infrastructure are now being installed as that facility begins ramping-up its manufacturing capacity.
About Liquidmetal Technologies
Liquidmetal 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, Tampa David Townsend, 813/314-0280, ext: 127 david.townsend@liquidmetal.com
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