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Liquidmetal Technologies, Inc. (LQMT) Advances with EONTEC Collaboration following Completion of $63.4 Million Equity Raise

Company: Liquidmetal Technologies, Inc. (LQMT)
Category: News

Earlier this week, Liquidmetal Technologies, Inc. (OTCQB: LQMT) announced completion of the additional closing pursuant to a securities purchase agreement signed with a Hong Kong company owned by Professor Lugee Li in March of this year. Notably, Professor Li is also the Chairman and majority shareholder of EONTEC, a global manufacturing company headquartered in Hong Kong with manufacturing plants in China.

In conjunction with this investment, Professor Li became the Chairman of the Board. In a quote, he expressed his excitement to fully incorporate EONTEC’s capabilities with LQMT’s focus on production of high-performance parts, allowing LQMT to address a broad range of market opportunities. The financing, in addition to the collaboration with EONTEC, is expected to help establish Liquidmetal as a global force and fast-track market development of its core technologies.

To view the full press release, visit: http://nnw.fm/5VSnf

About Liquidmetal Technologies, Inc.

Liquidmetal Technologies, Inc. is the leading developer of amorphous alloys that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. 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.

About NetworkNewsBreak

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