Liquidmetal appoints Tony Chung to the Board of Directors, Announces Transition in Principal Financial Officer Role
LAKE FOREST, Calif.--(BUSINESS WIRE)--Aug. 22, 2017--
Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the leading
developer of amorphous alloy technologies, elected Mr. Tony Chung as a
director of the Company. In connection with his appointment to the Board
of Directors, Mr. Chung resigned as Chief Financial Officer of the
Company, and Mr. Bryce Van, former Corporate Controller, was appointed
as Vice President of Finance and will serve as the Company’s principal
financial and accounting officer.
Mr. Chung served as Liquidmetal’s Chief Financial Officer for nearly 10
years. During this time, he served a critical role in ensuring that the
Company had adequate funding for operations and helped lead the Company
to fulfill its vision as the leader of amorphous alloy technology.
“Tony’s expertise in the legal and financial realms has helped propel
the Company for many years. We value his experience and are delighted to
know that he will continue to contribute to Liquidmetal’s future success
as a member of our Board of Directors,” said Professor Lugee Li,
Chairman and CEO.
“Now that the Company has a secure financial foundation, the time is
right for me to transition to our Board of Directors, allowing me to
spend more time with my family and on other meaningful ventures. But I
remain fully committed to realizing the uncommon potential of
Liquidmetal. I look forward to greeting our customers and investors at
our upcoming Open House on October 17 as a member of our Board of
Directors,” said Mr. Chung.
Bryce Van has been a key member of Liquidmetal’s leadership team,
serving as Corporate Controller for the last four years. “Bryce has
impressed me with his understanding of the strong financial discipline
we need for the next phase of our Company’s development: Growing revenue
and generating profits. I have great confidence in him,” said Professor
Li.
About Liquidmetal Technologies
Lake Forest, California-based Liquidmetal Technologies, Inc. is the
leading developer of products manufactured with bulk amorphous alloys.
Amorphous alloys are unique materials that are distinguished by their
ability to be injection molded and die cast into high performance
applications from a broad range of markets. For more information, go to www.liquidmetal.com.
Forward-Looking Statement
This press release contains "forward-looking statements," including but
not limited to statements regarding the advantages of Liquidmetal's
amorphous alloy technology, scheduled manufacturing of customer parts
and other statements associated with Liquidmetal's technology and
operations. These statements are based on current expectations of future
events. If underlying assumptions prove inaccurate or unknown risks or
uncertainties materialize, actual results could vary materially from
Liquidmetal's expectations and projections. Risks and uncertainties
include, among other things; customer adoption of Liquidmetal's
technologies and successful integration of those technologies into
customer products; potential difficulties or delays in manufacturing
products incorporating Liquidmetal's technologies; Liquidmetal's ability
to fund its current and anticipated operations; the ability of third
party suppliers and manufacturers to meet customer product requirements;
general industry conditions; general economic conditions; and
governmental laws and regulations affecting Liquidmetal's operations.
Additional information concerning these and other risk factors can be
found in Liquidmetal's public periodic filings with the U.S. Securities
and Exchange Commission, including the discussion under the heading
"Risk Factors" in Liquidmetal's 2016 Annual Report on Form 10-K.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170822005996/en/
Source: Liquidmetal Technologies
Liquidmetal Technologies, Inc.
Otis Buchanan
Media Relations
949-635-2120
otis.buchanan@liquidmetal.com
