Press Release

TAMPA, Fla.--(BUSINESS WIRE)--Nov. 22, 2002--Liquidmetal Technologies (NASDAQ: LQMT) is a winner in INDUSTRYWEEK'S 10th annual Technology and Innovation Awards Program.

The editors of the leading manufacturing management magazine have selected Liquidmetal(R) alloys as one of seven Technologies of the Year for 2002.

"We are honored to receive this acknowledgement by INDUSTRYWEEK, a magazine noted for its in-depth coverage of manufacturing management and innovation," said John Kang, President and Chief Executive Officer of Liquidmetal Technologies. "The award is a validation of Liquidmetal Technologies' world-class technology and diverse applications."

Winners of INDUSTRYWEEK'S Technology and Innovation Awards span the entire range of science and engineering. The editors seek developments that show great potential for redirecting business opportunities and creating new growth in the manufacturing world. A complete list of the winners and a profile of each winning technology are featured in INDUSTRYWEEK'S December 2002 issue and at www.industryweek.com.

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.

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