Liquidmetal® Technologies Inc. (LTI) (OTCQB: LQMT), the leading developer of amorphous alloys and composites, reported results for the third quarter ended September 30, 2012.
Q3 2012 Operational Highlights
- During the quarter, the company shipped four new Liquidmetal prototype parts to customers in the industrial, medical, and aerospace industries, bringing the total number of prototypes shipped in 2012 to seven.
- LTI expanded its strategic partnership with Materion Brush, the company’s certified Liquidmetal alloy production partner, adding the expertise and customer relationships of their global sales team to LTI’s sales and marketing efforts.
- LTI engaged Nomad Sales, an independent manufacturer’s representative firm, to promote commercial applications of Liquidmetal in the aerospace, medical and industrial markets. The Nomad Sales partners each have more than 25 years of industry experience, and will leverage their relationships to promote Liquidmetal alloy in the Midwest region of the U.S.
- At quarter-end, the company’s IP portfolio included more than 50 licensed U.S. patents, with an additional 50+ patent applications pending. Its patent applications relate to the composition, processing, and application of Liquidmetal alloys.
- LTI completed a $12 million senior convertible note financing to fund additional sales and marketing initiatives focused on accelerating customer acceptance and revenue growth.
“During the third quarter of 2012, we made progress toward the continued commercialization of our revolutionary Liquidmetal technology,” said Tom Steipp, president and CEO of Liquidmetal Technologies. “We achieved several operational milestones in the quarter, including the delivery of four new prototype parts, the expansion of our sales reach through partnerships with Materion and Nomad Sales, and the shipment of our first production parts as produced by our new certified Liquidmetal manufacturing partners. We believe that we now have the resources and infrastructure in place to support continued growth of prototype parts leading to full production within our targeted applications and accounts.”
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV