Penny Stock Liquidmetal (LQMT) Soars On Apple iPhone Deal
Tweet
Share
E-mail
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.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- enVVeno Medical (NVNO) files $100M mixed shelf
- Active options: AAPL NVDA TSLA SPCX AAPL MSTR INTC MRNA WMT AMZN
- Andersen closes secondary offering of 4.9M shares at $44 each
Create E-mail Alert Related Categories
Corporate News, Insiders' Blog, Momentum MoversRelated Entities
UBSSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
