Liquidmetal Technologies Inc (OTCMKTS:LQMT) the pioneer producer firm of amorphous alloys reported that it fetched a first European prototype order from a top manufacturer company for delivery this fall. The company has recently recorded a considerable increase in clients RFQ activity, and the new order validates the growing industry interest in the company’s products and technology.
Tom Steipp, the CEO and President of Liquidmetal, said that the receipt of recent global prototype order highlights manufacturing capabilities of company and its growing operations on the worldwide platform. The company was recently featured during a conference in St. Valentin and Linz, Austria funded by machine manufacturer and Liquidmetal manufacturing associate ENGEL GmbH.
Liquidmetal is known for producing the amorphous alloys showcasing the benefits of amorphous alloy technology. In fact, the amorphous alloys retain a random form when they solidify, compared to the crystalline atomic form seen in ordinary alloys and metals. Liquidmetal is the first entity to produce this unique material in commercially feasible bulk form, allowing noteworthy improvements in products in different industries.
Recently, the company announced that Apple Inc. (NASDAQ:AAPL) has decided to extend its deal with Liquidmetal. After the announcement, the stock of Liquidmetal posted gains of over 13.5% in single trading session.
Liquidmetal informed that Apple extended its license contract for utilizing IP developed or bought by firm on or after August 5, 2010. It is just confined to consumer electric products. Before this extension, the license was valid until February 5, 2015, but after renewed deal it will end next year in February.
In last trading session, the stock price of Liquidmetal jumped more than 3% to close the trading session at $0.132. The gains came at a share volume of 1.07 million compared to average share volume of 1.56 million. The market cap stands at $61.22 million.