Liquidmetal ® Technologies Inc. (OTCBB: LQMT ) today announced a strategic partnership with Materion Brush Inc., a unit of Mayfield Heights, Ohio-based Materion Corporation (NYSE: MTRN). With 2011 revenues expected to be approximately $1.55 billion, Materion is a leading global producer of advanced materials and services. As a part of the Certified Liquidmetal Partners Program, Materion will contribute alloy production technologies in partnership with Liquidmetal and other Certified Liquidmetal Partners to ensure that customers are provided consistently high quality products and support services.
Under terms of the partnership agreement, Materion will produce Liquidmetal alloy materials for use in making customer parts. The partnership will allow Liquidmetal to contribute and collaborate on R&D as well as leverage Materion’s extensive production facilities around the world.
“Our goal for the partnership with Liquidmetal Technologies is to define and set the market standards for production of next-generation products. As a technology driven company with a proven track record across more than 80 years enabling the mass scale production capabilities of the world’s leading technologies, Materion believes the alliance with Liquidmetal adds a new and unique capability within the marketplace today,” said Richard J. Hipple, Chairman, President and CEO of Materion.
Thomas Steipp, President and CEO, commented, “We are excited about adding Materion to our list of Certified Liquidmetal Partners. As we qualify each and every process step required for designing and manufacturing Liquidmetal parts, we look for those companies with an established track record in developing and successfully deploying new technology. Equally important, is a passion for allowing innovative companies to fundamentally rethink the way that they design complex parts for their solutions. Materion meets both of these criteria. By partnering with technology and manufacturing leaders such as Materion, we ensure our customers of extraordinary quality and unlimited ability to scale production.”