Message #11 From:
NewsBot Date: September 11, 2006 01:00:00 PM
LQMT News Liquidmetal(R) Technologies Announces Contract Award for Development of Reactive Projectiles
LAKE FOREST, Calif.--(BUSINESS WIRE)--Sept. 11, 2006--Liquidmetal(R) Technologies Inc. (OTCBB:LQMT) today announced it has signed an SBIR Phase II contract award with the U.S. Navy. The program goal is to develop reactive alloys and composites for inert warheads. The contract award is a result of successful completion of the SBIR Phase I effort which demonstrated the initial feasibility of certain Liquidmetal alloys and composites for reactive projectiles.
According to Ricardo Salas, President and CEO, "Liquidmetal Technologies has had a long-standing commitment to developing our technology in support of the U.S. Military. We are very pleased to be awarded this program by the U.S. Navy and to have another opportunity to demonstrate the use of our technology in military and defense applications in addition to our Kinetic Energy Penetrators currently in development with the U.S. Army."
The contract and its accompanying options will be administered by the Naval Surface Warfare Center Dahlgren Division in Washington D.C.
About Liquidmetal Technologies
Liquidmetal Technologies (http://www.liquidmetal.com) is the leading developer, manufacturer, and marketer of products made from amorphous alloys. Amorphous alloys are unique materials that are characterized by a random atomic structure, in contrast to the crystalline atomic structure possessed by ordinary metals and alloys. Bulk Liquidmetal(R) alloys are two to three times stronger than commonly used titanium alloys, harder than tool steel, and relatively non-corrosive and wear resistant. Bulk Liquidmetal alloys can also be molded into precision net-shaped parts similar to plastics, resulting in intricate and sophisticated engineered designs. 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. The combination of a super alloy's performance coupled with unique processing advantages positions Liquidmetal alloys for what the company believes will be The Third Revolution(TM) in material science.
