Published On: Wed, Aug 31st, 2016

Liquidmetal Technologies Inc (OTCMKTS:LQMT) To Present At 2016 Gateway Conference

Liquidmetal Technologies Inc (OTCMKTS:LQMT) has announced that it would be presenting at the 2016 Gateway Conference. The company stated that it had been invited to present at the conference, which would be held in San Francisco, from September 7 to 8, 2016. LQMT has announced that it would be available for one-on-one meetings throughout the conference and would be represented by CEO, Tom Steipp and CFO, Tony Chung.

In addition to this, LQMT has also made some amendments to its securities purchase agreement, signed earlier in March 2016. The agreement had been signed between Liquidmetal Technologies and Liquidmetal Technology Limited. The latter is controlled by Professor Lugee Li. Under the amended agreement, Liquidmetal Technology would now be allowed until December 31, 2016, to purchase the remaining 300 million shares of LQMT. The initial deadline had been August 17, 2016.

It is believed that the extended deadline would allow Professor Li to complete the international transfer of funds, which are needed for the investment. No other terms of the agreement had been amended. It should be noted here that the partnership had been in conjunction with a cross-licensing agreement, with Dong Guan EONTEC Co. Ltd. Regarding the partnership, Mr. Steipp had commented that the capital acquired from Prof. Li, would help accelerate the growth of LQMT. He also stated that the company would now be able to address customer needs in a better way.

Mr. Steipp also stated that it was understandable that transferring funds from China to the US can take some time, which is why the original agreement has been amended, keeping in mind shareholder interests. Prof. Li claimed that he had chalked out a plan for the two companies, which cannot be achieved by either one alone. He also expressed his excitement at what was to come in the near future.

Liquidmetal Technologies Inc (OTCMKTS:LQMT) moved up by 10.35%, during the August 30 trading session, over a trade volume of 13.4 million, to reach a close at $0.175 per share.

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