RANCHO SANTA MARGARITA, Calif.–(BUSINESS WIRE)–Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the world’s arch developer of baggy alloys, appear today that it has entered into an alteration to its Securities Acquirement Agreement, anachronous March 10, 2016, with Liquidmetal Technology Limited, a aggregation endemic and controlled by Professor Lugee Li. Beneath the amendment, Liquidmetal Technologies agreed to extend to December 31, 2016 the borderline for the acquirement by Liquidmetal Technology Bound of the absolute 300,000,000 shares beneath the Securities Acquirement Agreement. The aboriginal borderline for the follow-on advance was August 17, 2016, and the alteration will accredit Professor Li to complete the all-embracing funds alteration action appropriate for the absolute investment. Added than the addendum of the closing date, the alteration did not materially adapt the acceding of the aboriginal Securities Acquirement Agreement.
The Securities Acquirement Acceding was entered into in March 2016 in affiliation with a cross-licensing acceding with DongGuan EONTEC Co., Ltd. (EONTEC), a all-around accomplishment aggregation headquartered in Hong Kong that specializes in the development of aggregate brownish glasses and added new materials. In commenting on the affiliation with Professor Li and EONTEC, Thomas Steipp, the CEO of Liquidmetal Technologies, stated, “Our affiliation with Mr. Li and EON continues to strengthen. We are authoritative accomplished advance on accretion the solutions accessible to our barter worldwide, accouterment a added ambit of allotment geometries, and adorable accomplishment options. We accept that the beverage of basic from Professor Li will acquiesce Liquidmetal to abound at a abundant faster amount affective forward, acceptance us to abode a broader ambit of barter and to aggrandize operations in North America and Europe. We accept that appointment funds from China to the US can present timing issues, and accept that this extension, which about leaves all aspects of our aboriginal acceding in place, is acutely in the best absorption of our shareholders.”
Professor Li, in commenting on the affiliation and added investment, stated, “I accept formed carefully with the Liquidmetal administration aggregation to appearance a eyes and a appropriate plan for the approaching that would not accept been accessible for either aggregation on its own. I attending advanced to furthering our accord and am aflame about the possibilities for 2017 and beyond.”
About Liquidmetal Technologies
Liquidmetal Technologies, Inc. is the arch developer of baggy alloys that advance the achievement advantages offered by baggy admixture technology. Baggy alloys are different abstracts that are acclaimed by their adeptness to absorb a accidental anatomy back they solidify, in adverse to the apparent diminutive anatomy that forms in accustomed metals and alloys. Liquidmetal Technologies is the aboriginal aggregation to aftermath baggy alloys in commercially applicable aggregate form, enabling cogent improvements in articles beyond a advanced arrangement of industries. For added information, go to www.liquidmetal.com.
This columnist absolution contains “forward-looking statements,” including but not bound to statements apropos the advantages of Liquidmetal’s baggy admixture technology, appointed accomplishment of chump genitalia and added statements associated with Liquidmetal’s technology and operations. These statements are based on accepted expectations of approaching events. If basal assumptions prove inaccurate or alien risks or uncertainties materialize, absolute after-effects could alter materially from Liquidmetal’s expectations and projections. Risks and uncertainties include, amid added things; chump acceptance of Liquidmetal’s technologies and acknowledged affiliation of those technologies into chump products; abeyant difficulties or delays in accomplishment articles accumulation Liquidmetal’s technologies; Liquidmetal’s adeptness to armamentarium its accepted and advancing operations; the adeptness of third affair suppliers and manufacturers to accommodated chump artefact requirements; accepted industry conditions; accepted bread-and-er conditions; and authoritative laws and regulations affecting Liquidmetal’s operations. Added advice apropos these and added accident factors can be begin in Liquidmetal’s accessible alternate filings with the U.S. Securities and Exchange Commission, including the altercation beneath the branch “Risk Factors” in Liquidmetal’s 2015 Annual Report on Anatomy 10-K.
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