RANCHO SANTA MARGARITA, Calif.--(EON: Enhanced Online News)--Liquidmetal® Technologies, Inc. (OTCQB: LQMT), the leading developer of amorphous alloys and composites, has reported delivery of its customized induction melt system, developed to adapt standard plastic injection molding machines to manufacture Liquidmetal components.
“Collaboration between both companies has been ongoing for several years. Joint advancements with Liquidmetal’s induction melt system and Engel's injection molding machinery have led to a process capable technology platform. Engel Machinery, in conjunction with Liquidmetal Technologies, looks forward to bringing this exciting economical technology to market”
After extensive revisions and trials with the current Liquidmetal system, Liquidmetal Technologies and Engel Austria GmbH (Engel), a Certified Liquidmetal Partner, have agreed to a configuration that can be commercially supplied and supported by Engel. The Liquidmetal-designed system has been shipped to Engel to be installed as part of a standard injection-molding machine.
- This important milestone represents the culmination of many iterations of design, which will now be tested to assure the commercial readiness of this breakthrough manufacturing technology.
- Current and future licensees of LQMT may soon be able to purchase a Liquidmetal injection-molding machine from Engel to manufacture Liquidmetal parts as part of a turnkey solution.
- The availability of the Liquidmetal injection-molding machine supplied by Engel indicates the readiness of Engel to utilize its worldwide network to provide ongoing service and spare parts procurement.
- Developed by LQMT’s engineers in Orange County with active support from Engel, the system incorporates the latest advancements to produce high quality Liquidmetal parts. This includes developments that reduce consumable costs and increase maintainability while precisely controlling melt temperature.
“Licensing our technology to partners in vertical markets, such as medical, aerospace and sporting goods applications, promises to be of increasing importance to the Company going forward. The readiness of the Liquidmetal injection molding machine, which will be sold and supported by Engel, is an important step forward in our licensing strategy,” commented Tom Steipp, Liquidmetal Technologies’ President and CEO.
"Collaboration between both companies has been ongoing for several years. Joint advancements with Liquidmetal’s induction melt system and Engel's injection molding machinery have led to a process capable technology platform. Engel Machinery, in conjunction with Liquidmetal Technologies, looks forward to bringing this exciting economical technology to market," said Mark Sankovitch, President, Engel North America.
About Liquidmetal Technologies
Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the leading developer of bulk alloys and composites 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.
About ENGEL AUSTRIA GmbH
ENGEL is one of the globally leading manufacturers of plastics processing machines. Today, the ENGEL Group offers a full range of technology modules for plastics processing as a single source supplier: Injection molding machines for thermoplastics and elastomers, and automation, with the assurance that individual components are also competitive and successful in the world markets. With eight production plants in Europe, North America and Asia (China and Korea), subsidiaries and representatives in over 85 countries, ENGEL offers its customers the optimal global support they need to compete and succeed with new technologies and leading-edge production systems. For more information, go to www.engelglobal.com.