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Liquidmetal® Technologies Establishes Exclusive Partnership with Italian Eyewear Maker Safilo SpA
LAKE FOREST, CA, August 16, 2005 ----- Liquidmetal® Technologies, Inc. (OTC: LQMT.OB). With the joint mission to launch a Liquidmetal line of eyewear and sunglasses, Liquidmetal Technologies and Safilo, worldwide leader in the manufacturer of Eyewear, have entered into an exclusive worldwide agreement to further Develop, Research and produce the Liquidmetal alloys for eyewear components.
With a number of designs already showcasing the material from the standpoint of flexibility and strength, plans are to expand into a variety of products focusing on extrusion and molding capabilities of Liquidmetal. Safilo supplies frames and sunglasses for most of the luxury brands and currently has operations in more than one hundred twenty countries reaching 130,000 customers worldwide.
In the meantime, Liquidmetal has established a long term multi-faceted European base in Padova, Italy to further support and develop the growing Italian and European interest in Liquidmetal’s enabling technology.
With plans underway to work under the Veneto Nanotech initiative alongside the Italian Universities of Padova and Civen, Liquidmetal Technologies and its partnership team are looking forward to continuing the research and development of the Liquidmetal alloys, specifically micro-replication and extrusion as part of a strategic partnership with The Galileo Science Park in Padova.
The recently announced agreement comes in response to a rapidly growing blue-chip customer base which calls for expanded licensing and second tier supply arrangements in strategic locations worldwide to satisfy large volume customers.
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About Liquidmetal® Technologies, Inc
Liquidmetal® Technologies, Inc. (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.
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.
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