Liquidmetal Technologies Announces Amendment to Securities Purchase Agreement
-Technology Partnership Continues to Strengthen-
Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the world’s leading developer of amorphous alloys, announced today that it
has entered into an amendment to its Securities Purchase Agreement, dated March 10, 2016, with Liquidmetal Technology Limited, a
company owned and controlled by Professor Lugee Li. Under the amendment, Liquidmetal Technologies agreed to extend to December 31,
2016 the deadline for the purchase by Liquidmetal Technology Limited of the remaining 300,000,000 shares under the Securities
Purchase Agreement. The original deadline for the follow-on investment was August 17, 2016, and the amendment will enable Professor
Li to complete the international funds transfer process required for the remaining investment. Other than the extension of the
closing date, the amendment did not materially modify the terms of the original Securities Purchase Agreement.
The Securities Purchase Agreement was entered into in March 2016 in conjunction with a cross-licensing agreement with DongGuan
EONTEC Co., Ltd. (EONTEC), a global manufacturing company headquartered in Hong Kong that specializes in the development of bulk
metallic glasses and other new materials. In commenting on the partnership with Professor Li and EONTEC, Thomas Steipp, the CEO of
Liquidmetal Technologies, stated, “Our partnership with Mr. Li and EON continues to strengthen. We are making excellent progress on
expanding the solutions available to our customers worldwide, providing a wider range of part geometries, and attractive
manufacturing options. We believe that the infusion of capital from Professor Li will allow Liquidmetal to grow at a much faster
rate moving forward, allowing us to address a broader range of customers and to expand operations in North America and Europe. We
understand that transferring funds from China to the US can present timing issues, and believe that this extension, which
essentially leaves all aspects of our original agreement in place, is clearly in the best interest of our shareholders.”
Professor Li, in commenting on the partnership and additional investment, stated, “I have worked closely with the Liquidmetal
management team to shape a vision and a tactical plan for the future that would not have been possible for either company on its
own. I look forward to furthering our relationship and am excited about the possibilities for 2017 and beyond.”
About Liquidmetal Technologies
Liquidmetal Technologies, Inc. is the leading developer of amorphous alloys that utilize the performance advantages offered by
amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random
structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal
Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements
in products across a wide array of industries. For more information, go to www.liquidmetal.com.
Forward-Looking Statement
This press release contains "forward-looking statements," including but not limited to statements regarding the advantages of
Liquidmetal's amorphous alloy technology, scheduled manufacturing of customer parts and other statements associated with
Liquidmetal's technology and operations. These statements are based on current expectations of future events. If underlying
assumptions prove inaccurate or unknown risks or uncertainties materialize, actual results could vary materially from Liquidmetal's
expectations and projections. Risks and uncertainties include, among other things; customer adoption of Liquidmetal's technologies
and successful integration of those technologies into customer products; potential difficulties or delays in manufacturing products
incorporating Liquidmetal's technologies; Liquidmetal's ability to fund its current and anticipated operations; the ability of
third party suppliers and manufacturers to meet customer product requirements; general industry conditions; general economic
conditions; and governmental laws and regulations affecting Liquidmetal's operations. Additional information concerning these and
other risk factors can be found in Liquidmetal's public periodic filings with the U.S. Securities and Exchange Commission,
including the discussion under the heading "Risk Factors" in Liquidmetal's 2015 Annual Report on Form 10-K.
Liquidmetal Technologies, Inc.
Otis Buchanan
Media Relations
1-949-635-2120
otis.buchanan@liquidmetal.com
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