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Liquidmetal® Technologies Joins With Sony Corporation to Develop
High-Performance Casing for Digital Still Cameras
TAMPA, Fla., May 22, 2003 -- Liquidmetal® Technologies(NASDAQ:LQMT) announced today that it has entered into an agreement with Sony Corporation to develop an exterior casing made from Liquidmetal® 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.
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About Liquidmetal Technologies
Liquidmetal Technologies (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® 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 RevolutionTM in material science.
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