Penny Stock Liquidmetal (LQMT) Soars On Apple iPhone Deal
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Little-known penny stock Liquidmetal Technologies Inc. (OTC: LQMT) soared 79% on Monday and another 72% on Tuesday following a disclosure of a deal with iPhone maker Apple (Nasdaq: AAPL).
In an 8-K disclosure on August 9th the company noted:
"On August 5, 2010, Liquidmetal Technologies, Inc., a Delaware corporation ("Liquidmetal"), entered into a Master Transaction Agreement with Apple Inc., a California corporation ("Apple"), pursuant to which (i) Liquidmetal contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary (the "IP Company"), (ii) the IP Company granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products in exchange for a license fee, and (iii) the IP Company granted back to Liquidmetal a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use (together with all ancillary agreements, the "Master Transaction Agreement")."
According to a Liquidmetal technology demo, the news could suggests some type of bounceable or unbreakable iPhone.
Liquidmetal is an elastic-like material that stores energy much better than stainless steel or Titanium. See the video demo below.
In an 8-K disclosure on August 9th the company noted:
"On August 5, 2010, Liquidmetal Technologies, Inc., a Delaware corporation ("Liquidmetal"), entered into a Master Transaction Agreement with Apple Inc., a California corporation ("Apple"), pursuant to which (i) Liquidmetal contributed substantially all of its intellectual property assets to a newly organized special-purpose, wholly-owned subsidiary (the "IP Company"), (ii) the IP Company granted to Apple a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in the field of consumer electronic products in exchange for a license fee, and (iii) the IP Company granted back to Liquidmetal a perpetual, worldwide, fully-paid, exclusive license to commercialize such intellectual property in all other fields of use (together with all ancillary agreements, the "Master Transaction Agreement")."
According to a Liquidmetal technology demo, the news could suggests some type of bounceable or unbreakable iPhone.
Liquidmetal is an elastic-like material that stores energy much better than stainless steel or Titanium. See the video demo below.
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