Liquidmetal Technologies Inc (OTCMKTS:LQMT) the developer company of amorphous alloys, reported strong progress in launch of its new innovative technology with 101 Request For Quotations recorded during 2Q2015. The number of RFQ’s recorded in 1Q2015 was 36 while it stood at 4 in the second quarter of previous year.
The management view
Mr. Tom Steipp, the CEO and President of Liquidmetal Technologies, said that the record number of RFQs represents a significant achievement in the deployment of company’s innovative Liquidmetal technology. At this point, the management believes that they possess right processes and resources in place to harvest adequate quality leads in coming quarters, to achieve volume production in 2016 and ultimately break even.
The CEO further added that they recognize that quality leads need to translate into qualified opportunities that then generate prototype orders and eventually production orders. The entire process consumes time and the management certainly doesn’t expect all RFQs to translate into a production part. However, the increase in RFQs recorded in the front end of process in last some quarters, is beyond doubt encouraging.
Earlier in the month, Liquidmetal Technologies Inc (OTCMKTS:LQMT) reported that it obtained a prototype order from a world famous manufacturer. The order has to be delivered early this fall. The new order comes at a time when the company is witnessing a considerable growth in its customer RFQ activity. Both the news, the record number of RFQs and the new order highlights the growing interest of market participants in the technology.
On getting of new order, Mr. Steipp said that the success received in the recent order demonstrates the innovative manufacturing capabilities of company. It confirms that the technology is being accepted at international platform.
In last trading session, the stock price of Liquidmetal surged more than 2% to close the trading session at $0.135. The gains came at a share volume of 2.09 million compared to average share volume of 1.63 million.