RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Dec. 13,
2007--Liquidmetal(R) Technologies, Inc. (OTCBB:LQMT) today announced
the signing of a manufacturing agreement with Buhler Die Casting,
through its wholly owned subsidiary BuhlerPrince, Inc. to manufacture
the next generation of die casting equipment for Liquidmetal alloys.
The long awaited advancement to the next generation of manufacturing
technology expands the applications and feasibility of deploying the
Company's Liquidmetal alloys to an even broader range of industries
and products. The new machine, which is the result of collaboration by
both companies, is now completed and is available for immediate
deployment.
Buhler, headquartered in Uzwil, Switzerland, is a global leader in
the supply of process engineering solutions. Buhler is present in over
140 countries and employs some 6,600 people. Buhler Die Casting, a
division of Buhler, is a leading manufacturer of cold-chamber die
casting machines in Europe, North America, and large parts of Asia,
renowned in the marketplace for its cutting-edge systems for real-time
control of die casting machines. Under the terms of the agreement,
Buhler Die Casting will develop, manufacture and supply die casting
equipment to the Company and licensees of the Liquidmetal technology
to manufacture products made of Liquidmetal alloys on a global basis.
John Kang, Chairman of Liquidmetal Technologies, stated, "By
partnering with Buhler Die Casting, we have engaged the most
experienced experts in die casting technology to advance the
manufacturing capabilities of today's most revolutionary materials
technology in Liquidmetal alloys. By equipping our Company and our
licensees with these next generation machines, our Liquidmetal
technology reaches a new level of manufacturing and processing
capabilities with lower costs and higher quality."
Mark Los, President and CEO of BuhlerPrince, added, "Liquidmetal
alloys present an exciting technology with growing market
opportunities across a broad range of industries and applications.
Buhler is pleased to bring our extensive, worldwide experience in die
casting equipment into our collaboration with Liquidmetal
Technologies."
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.