A question to some of you who are long on this stock and familiar with it over the past year or two:
What has kept this stock from really exploding in value? I know it has a costly agreement with Apple, but if they actually do get the call to be the material for the next iPhone, the publicity should be pretty big which should drive other sales. Is the product relatively unknown or not cost affective to keep it from being widely used?
Ryan, I think you may have answered your own question. The product, despite it's long history, is relatively unknown.Up until very recently, the cost to fabricate was high and the method of manufacturing was constrained by lack of injection molding technology. These issues have been overcome, but the company has had to continue to issue shares to remain viable. So the company is sort of at a crossroads. They have a good plan of developing prototype parts in various industries (medical, sports, military, aerospace, autos) and eventually this should lead to contracts. The question is when.
Any chance this was a catalyst creating last weeks surge ????
..Liquidmetal Technologies Signs Manufacturers' Representation Agreement With TM&S, a Leading Sales and Marketing Firm for Specialty Metal Fabrication
Press Release: Liquidmetal Technologies, Inc. – Tue, Jul 16, 2013 4:00 PM EDT....Email0
RANCHO SANTA MARGARITA, Calif.--(BUSINESS WIRE)--
Liquidmetal® Technologies, Inc. (LTI) (LQMT) the leading developer of amorphous alloys and composites, has signed a Manufacturers' Representation Agreement with TM&S, LLC, also known as Technical Marketing and Sales. TM&S specializes in sales of Powder Metal and MIM (Metal Injection Molding) parts. “TM&S is a trusted advisor for established customers that procure Powder Metal and MIM parts, who often find Liquidmetal provides significant performance or cost advantages,” says Bruce Bromage, EVP of Business Development and Operations.
“Liquidmetal technology fills a critical gap for design engineers and sourcing professionals that need high precision parts in volume, and especially for those applications that require high quality surface finish or strength. I am pleased to be able to offer this exciting technology to my customers,” remarked Derek Rasmussen, President of TM&S.
I believe they have shipped 15 parts out for testing in the first quarter this year. They have a contractto be able to ramp up production, with room for growth if one should hit. They also just signed a contract with a company that will sell LQMT to its portfolio. That news just hit too...
Lqmt has the potential to be huge, but the money ends at the end of the year. They need to get a contract soon... very soon.
I will buy back low and hold. This wasn't the news... just yet.