Liquidmetal(R) Technologies, Inc. (OTC:LQMT) has announced that
Ricardo A. Salas will join the company as President and CEO effective
January 1, 2006. John Kang will transition these positions to Mr.
Salas and will remain as the Chairman of the company. Mr. Kang will
also continue to serve the company on a full-time basis with a focus
on sales and business development.
Regarding the election of Mr. Salas, Mr. Kang commented: "Rick
brings many years of management and operations experience in leading
companies in expanding their business operations. Rick's professional
experience complements our current people and assets at a time when we
believe that our business opportunities are expanding. His reputation
for setting and achieving high standards and goals makes Rick an ideal
addition to our team. In addition, his prior familiarity with the
company as a board member until 2003 will allow him to contribute
immediately as we enter the next phase of the company. We are excited
to be able to bring him on to help lead the company."
According to Mr. Salas, "Liquidmetal Technologies is a company
with great potential built around its proprietary technology,
dedicated people and a growing customer base. I look forward to being
part of the team that is going to enable Liquidmetal to achieve its
next level of growth."
Salas is the chairman of iLIANT Corporation, a leading technology
and business service provider to the healthcare industry which he
founded in early 2000. He has previously been in executive and
operational management roles in several manufacturing, technology and
service companies.
In addition, the Company announced that Vincent Addonissio has
resigned as a director and audit committee chairman. His position as a
director will be taken by Ricardo Salas. Dean Tanella, a current Audit
committee member, has assumed the role as the committee's chairman.
About Liquidmetal Technologies, Inc.
Liquidmetal Technologies, Inc. - 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 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.
