LQMT News Liquidmetal(R) Technologies Schedules Update Call Introducing New President and CEO
LAKE FOREST, Ca.--(BUSINESS WIRE)--Liquidmetal® Technologies Inc.(OTCBB:LQMT)
today announced the hiring of Larry E. Buffington as the new President
and CEO replacing Ricardo Salas effective October 8th.
Mr. Buffington is an experienced senior executive with a track record of
over 36 years in building successful manufacturing. Highlights of Mr.
Buffington’s manufacturing experience include
18 years with AMP, Inc. where he built and managed several divisions.
One division, he grew from approximately $31 million to $124 million in
5 years. In another assignment, he consolidated 2 divisions to form a
$120 million division and put it on a growth plan exceeding 20% per
year. He was then recruited to Northern Telecom where he led the
turnaround solution for a $100 million plus division. In the 90’s,
Mr. Buffington was called to the Communications Division for Augat Inc,
a public company, where he led the team that grew revenue from $44
million to $180 million plus and profits from $4 million to $24 million
annually. Additional background information concerning the new CEO can
be found in a form 8K filed by the company today.
Chairman John Kang along with new CEO Larry Buffington will host a call
to shareholders and other interested parties on Wednesday October 11th
at 8:30 a.m. eastern standard time to introduce Mr. Buffington.
Listeners may access the call live over the Internet from Liquidmetal
Technologies’ website http://ir.liquidmetal.com
or at www.companyboardroom.com.
The dial-in-number to access this operator-assisted call is toll free
1-877-502-9274 or 913-981-5584 for International callers. Institutional
investors can also access the call via CCBN’s
password-protected event management site, StreetEvents (www.streetevents.com).
About Liquidmetal Technologies
Liquidmetal Technologies (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® 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™
in material science.
This press release may contain “forward-looking
statements” that involve risks and
uncertainties, including statements regarding our plans, future events,
objectives, expectations, forecasts, or assumptions.Any
statement in this press release that is not a statement of historical
fact is a forward-looking statement, and in some cases, words such as
"believe," "estimate," "project," "expect," “intend,”“may," "anticipate," "plans," "seeks," and
similar expressions identify forward-looking statements.These
statements involve risks and uncertainties that could cause actual
outcomes and results to differ materially from the anticipated outcomes
or result, and undue reliance should not be placed on these statements.These risks and uncertainties may include:our limited
operating history in developing and manufacturing products from bulk
amorphous alloys; the adoption of our alloys by customers; the
commercial success of our customer’s
products; our ability to identify, develop, and commercialize new
applications for our alloys; competition with suppliers of incumbent
materials; the development of new materials that render our alloys
obsolete; the ability to manage our anticipated growth; our limited
direct experience in manufacturing bulk alloy products; scaling-up our
manufacturing facilities; protecting our intellectual property; problems
associated with manufacturing and selling our alloys outside of the
United States; and other risks and uncertainties discussed in filings
made with the Securities and Exchange Commission (including risks
described in subsequent reports on Form 10-Q, Form 10-K, Form 8-K, and
other filings).Liquidmetal Technologies disclaims any intention
or obligation to update or revise any forward-looking statements,
whether as a result of new information, future events, or otherwise.
