RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--Nov. 23, 2009-- Liquidmetal^® Technologies Inc. (OTCBB: LQMT) today reported financial results for the three months ended September 30, 2009. For the Third Quarter, the Company reported revenue of $4.2 million achieving a 20% increase in revenue over the prior quarter. The increase in revenue was achieved in both the Bulk Alloys and Coatings businesses.

Gross Margins were 31% in the Third Quarter reflecting a higher level of alloy deliveries to licensees. Selling, General & Administrative Expenses were $1.3 million and Research & Development Expense was $0.3 million.

Mr. Larry Buffington, President and C.E.O., commented, “We are encouraged that the Third Quarter results were driven by increased activity at both our Bulk Alloys and Coatings businesses. While the depth of the economic recession may have caused swift responses by customers, we believe that Liquidmetal Technologies possesses a materials technology that can fundamentally changing the use of metals in products today. We are experiencing an increasing number of opportunities in consumer electronics as well as new markets. We are also beginning to see success in the luxury products market as well as the medical market as seen in the product releases that have been recently announced by our customers. We expect to continue to see great improvements in these markets in the coming year as we build upon the momentum that is being generated.”

Conference Call

As previously announced, Liquidmetal Technologies will host a conference call at 4:30 pm (EST) on November 23rd, 2009 to discuss the results. The dial-in-number to access this operator assisted call is toll free 1-877-627-6544 or Toll 1-719-325-4916 for International callers. Institutional Investors can access the call via CCBN’s password protected event management site, StreetEvents. (http://www.streetevents.com) Listeners may access the conference call live over the Internet from Liquidmetal Technologies' website http://ir.liquidmetal.com or at http://www.companyboardroom.com.

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.

Source: Liquidmetal Technologies Inc.

Liquidmetal Technologies
Otis Buchanan, 949-635-2120
otis.buchanan@liquidmetal.com