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Socket Communications and Liquidmetal® Technologies Partner to Provide Rugged Line of Portable Data Collection Products
NEWARK and LAKE FOREST, CA, September 07, 2005 ----- Socket Communications, Inc (NASDAQ: SCKT), an innovative provider of mobile productivity products, and Liquidmetal® Technologies, Inc. (NASDAQ: LQMT) announced today an exclusive three-year agreement to develop and manufacture a line of ruggedized portable data collection products featuring the revolutionary Liquidmetal alloys.
“Liquidmetal alloys are over twice the strength of titanium, have ten-times better fabrication tolerances than standard molded plastic parts, can be designed for environmental sealing, and have a high material hardness rating, which translates to a product line being extremely durable and scratch resistant,” said Kevin Mills, president and CEO at Socket Communications. “This exclusive relationship for data collection products enables Socket to create rugged, small, and light devices that not only address existing markets, but new opportunities in the wearable data collection area. We’re very excited about the use of Liquidmetal in broadening our data collection products going forward.”
Liquidmetal Technologies Chairman & CEO John Kang adds, “We are pleased that Socket Communications has chosen Liquidmetal to develop a line of ruggedized portable data collection devices. We believe the strength and the durability of Liquidmetal alloys truly add value to this line of products and will enhance Socket’s customer’s productivity in more ruggedized environments.”
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About Socket Communications
Socket Communications (NASDAQ: SCKT) develops and distributes a broad range of data collection and network connectivity products for mobile devices such as PDA’s, Smartphones and tablet notebooks. Working collaboratively with mobile solutions from leading Strategic Vertical Integrators, world-class 3rd party software developers and OEM’s, Socket’s products are proven to drive operational efficiencies, increase mobile workforce productivity, boost corporate performance and improve customer satisfaction. Socket is headquartered in Newark, California and can be reached at 510-744-2700 or www.socketcom.com.
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.
Socket and Battery Friendly are registered trademarks of Socket Communications, Inc. The Mobile Connection Company, Mobility Friendly, and KwikBlue are trademarks of Socket Communications, Inc. The Bluetooth word mark and logos are owned by the Bluetooth SIG, Inc. and any use of such marks by Socket Communications, Inc. is under license. Wi-Fi® is a registered trademark of the Wi-Fi Alliance. All other trademarks and trade names contained herein may be those of their respective owners. © 2005, Socket Communications, Inc. All rights reserved.
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