Press Release
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"We are delighted to work with an industry leader like Cleveland Golf," said Liquidmetal Technologies president and CEO John Kang. "With strength that is 2-3 times greater than conventional titanium and stainless steel and with less energy absorbed at impact, Liquidmetal alloy delivers maximum performance for golf clubs. We look forward to helping Cleveland Golf create a next-generation golf club for the benefit of all golf enthusiasts."
Commenting on the relationship, Cleveland Golf President Greg Hopkins said, "We are excited about this opportunity to combine our industry leading expertise in golf club technology with a next-generation material like Liquidmetal alloy to bring about an improvement in golf club performance."
Under the agreement, Liquidmetal Technologies and Cleveland Golf will work together to develop and produce Cleveland golf clubs that incorporate Liquidmetal alloy.
The agreement with Cleveland Golf represents one of many applications Liquidmetal Technologies has developed for its alloys. In addition to sporting goods, the company also produces amorphous alloy products for electronic product casings, medical devices, defense applications, and industrial coatings. The company's business of developing, manufacturing, and selling golf club components to golf equipment manufacturers is conducted through its majority owned subsidiary, Liquidmetal Golf.
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
Otis Buchanan, 813/314-0280, ext. 109
otis.Buchanan@liquidmetal.com
or
Burson-Marsteller
Freeman Miller, 212/614-4216
freeman_miller@nyc.bm.com
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