Liquidmetal Technologies Inc (OTCMKTS:LQMT) Shares Ready to Break Out?

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Liquidmetal Technologies Inc (OTCMKTS:LQMT) shares were up 1.88% to $0.163 on Friday and flat in after-hours trading. The company has a market cap of $96.70 million at 582.33 million shares outstanding. Share prices have been trading in a 52-week range of $0.06 to $0.19.

Liquidmetal Technologies Inc is a materials technology and manufacturing company that develops and commercializes products made from amorphous alloys. Its primary business is to develop and manufacture products and applications from amorphous alloys. The company designs, develops, manufactures and sells products and components from bulk amorphous alloys to customers in a range of industries. Its liquidmetal alloys consist of a range of bulk alloys and composites that utilize the amorphous alloy technology. The company also partners with third-party manufacturers and licensees to develop and commercialize Liquidmetal alloy products.

Earlier in the month, Liquidmetal Technologies entered into a Securities Purchase Agreement with Investor, a Hong Kong-based company and signed a licensing agreement with DongGuan Eontec Co., Ltd for the cross licensing of respective technologies.

Our collaboration with Eontec has begun, and we are all very excited about the ongoing synergies between LQMT and EONTEC as we seek to develop and grow the market for Liquidmetal on a global basis,” said Liquidmetal Technologies CEO Thomas Steipp.

With these partnerships, Liquidmetal Technologies aims to pursue more growth opportunities in China and in Asia, later on addressing growing customer needs in North America and Europe as well. The company has already reported revenues of $34,000 in the second quarter and continues to aggressively pursue growth opportunities.

Apart from that, there is a potential that the company’s alloys will be used in the manufacture of Apple’s iPhone 7 so strong sales of the unit could keep shares supported and on track for more gains. Back in 2010, the company signed a deal with Apple touse its metal alloy technologies in its line of products and this was renewed in 2015.

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