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.”
For more information about Liquidmetal’s Certified Partner program, please visit www.liquidmetal.com/partners.Materion Corporation, through its wholly owned subsidiaries, supplies highly engineered advanced enabling materials to global markets. Products include precious and non-precious specialty metals, inorganic chemicals and powders, specialty coatings, specialty engineered beryllium alloys, beryllium and beryllium composites, and engineered clad and plated metal systems. 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.