Press Release

TAMPA, Fla.--(BUSINESS WIRE)--May 22, 2003--Liquidmetal(R) Technologies (Nasdaq:LQMT) announced today that it has entered into an agreement with Sony Corporation to develop an exterior casing made from Liquidmetal(R) alloys for Sony digital still cameras.

This represents the first product development initiative between the global consumer products giant and Liquidmetal Technologies, the leading developer and manufacturer of products made from amorphous alloys. It targets the fast-growing market for digital cameras produced by Japanese manufacturers, which industry sources report grew to an estimated 23.1 million units in 2002 from 14.8 million the previous year.

"Developing casing components for a world-wide consumer electronics company in the class of Sony Corporation is obviously a significant advance in our efforts to establish Liquidmetal alloys as the material of choice for product applications where superior strength, durability and aesthetics are driving design considerations," said John Kang, Liquidmetal Technologies President and CEO. "With strength two-to-three times greater than titanium and the ability to be molded to precision net shapes, our alloys are ideally-suited for use as a high-performance camera casing."

The agreement with Sony signals the latest product application Liquidmetal Technologies is developing for its unique alloys. The company is currently manufacturing prototype or production-quantity components for cell phones and other consumer electronics, sporting goods, fine jewelry, medical devices and defense-related products with industry leaders including Samsung Electronics, Rawlings, HEAD Sports, TAG Heuer, DePuy Orthopaedics, Surgical Specialties, Lockheed Martin and the Department of Defense.

About Liquidmetal Technologies

Tampa, Florida-based Liquidmetal Technologies (http://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, 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
             Investors:
             David Townsend, 813/314-0280 ext. 127
             david.townsend@liquidmetal.com
             or
             Media:
             Otis Buchanan, 949/206-8020
             otis.buchanan@liquidmetal.com

    SOURCE: Liquidmetal Technologies