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Liquidmetal amends sub-license deal with Visser Precision

  • Liquidmetal's (LQMT) amended sub-license agreement with Visser Precision free the former from its commitment to use Visser as its exclusive contract manufacturer, and frees the latter from having to use Liquidmetal as its exclusive sales/R&D channel.
  • The company have also "agreed to dismiss their private arbitration and have settled and released all claims and disputes between them."
  • Liquidmetal asserts the deal will allow it to "enter into contracts with other manufacturers to serve a broad array of specialized industries and geographies." Visser will maintain "a license to the full portfolio of technology developed by Liquidmetal that exists as of the date of the agreement."
  • Previous: Liquidmetal falls after posting Q1 results
Comments (14)
  • MFG-DN
    , contributor
    Comments (4) | Send Message
     
    This is highly beneficial to free LiquidMetal to find the best manufacturers that can support recent patented production technologies and to aggressively sell licenses for its technology portfolio in a wide range of markets.
    20 May, 06:44 PM Reply Like
  • lqmtgold
    , contributor
    Comments (2) | Send Message
     
    Some are speculating that Visser got all rights to IP/patents developed by LQMT, does,this include those patents held jointly with Apple in Crucible, I highly doubt it. Some are speculating that LQMT gave away too much once again, my thought is these are the shorts who just got caught with their pants down and are no panicking. I see it as a win-win for both LQMT and VPC and the longs are on their way to seeing some overdue gain on their investment. That is as soon as some contracts are signed and revenue begins to flow.
    20 May, 06:45 PM Reply Like
  • Hawkeye_1
    , contributor
    Comments (2) | Send Message
     
    "Under the terms of the amended sublicense agreement, VPC will have rights to manufacture, market, and sell amorphous metal products directly to customers, and it will retain a license to the full portfolio of technology developed by Liquidmetal that exists as of the date of the agreement."

     

    Will LQMT receive any royalties from the license that VPC retains?
    20 May, 06:57 PM Reply Like
  • MFG-DN
    , contributor
    Comments (4) | Send Message
     
    Since the statement did not say "royalty-free", I hope this means Visser is licensed to use the technology but pay royalties for each instance of use.
    20 May, 08:36 PM Reply Like
  • magictuzi
    , contributor
    Comments (6) | Send Message
     
    it is royalty free..
    21 May, 08:12 AM Reply Like
  • Chad Harpel
    , contributor
    Comments (2) | Send Message
     
    In my opinion that is irresponsible to say. Its pure speculation at this point. Even if you are/were a contract lawyer, you were not privy to the final documents.
    23 May, 02:26 AM Reply Like
  • ans_chandra
    , contributor
    Comments (3) | Send Message
     
    Royalties part is not clear yet. But certainly VPC will have no rights to the 60 patents filed with Apple. And thats where the future is hopefully.
    20 May, 08:11 PM Reply Like
  • lqmtgold
    , contributor
    Comments (2) | Send Message
     
    I don't think the new terms imply VPC can sell licensing to their customers if they wish to manufacture themselves. LQMT will still get any licensing royalties when VPC clients wish to use any IP related to production. I'm sure all the nuances of the new sub-license agreement will come to light in the near future. In the meantime, up-up and away for LQMT.
    20 May, 08:36 PM Reply Like
  • loloaaa
    , contributor
    Comments (4) | Send Message
     
    Great news ...
    Engel machine is ready... :

     

    http://bit.ly/1k4TTFL

     

    Next step a big contract. With luck very soon...

     

    Good luck... All looonnnngggggs :-)
    21 May, 08:11 AM Reply Like
  • ans_chandra
    , contributor
    Comments (3) | Send Message
     
    Machine looks beautiful...wow!
    21 May, 03:59 PM Reply Like
  • EL34
    , contributor
    Comments (6) | Send Message
     
    Hope we see some upward movement. I have been accumulating LQMT at these lower levels. I like this company
    21 May, 09:02 AM Reply Like
  • Chad Harpel
    , contributor
    Comments (2) | Send Message
     
    I must say I am surprised by the sell off. I am well familiar with the wall street mantra to "sell the news". But I did expect to close above .20. Anyone care to speculate? (other than the rumor that LQMT is soft and gave away royalty rights; which is probably very false) I would like to hear technical theories as well.
    23 May, 02:26 AM Reply Like
  • eBay's Savior
    , contributor
    Comments (80) | Send Message
     
    These are my guesses:

     

    1. Visser Precision nor its customers will have to pay anything to LQMT for any liquidmetal products Visser makes and sells. This is what is meant by "retain a license to the full portfolio". From June 2012 agreement: "agreed to sublicense to Visser, on a fully-paid up, royalty-free, irrevocable, perpetual, worldwide basis, all rights held by the Company in the LMT Technology". In other words, Visser didn't just hand over a few million dollars only to get no rights to IP in the end.
    2. Apple agreement dates back to 2010, so any I.P. after that, developed by Apple R&D and placed into Crucible LLC, is not licensed by Visser. Most of this IP relates to manufacturing, not the metal itself. So long as Visser doesn't use Apple's(Crucible) patented mfg methods, Visser can turn liquidmetal into things and sell those things with no money going to Liquidmetal.
    3. Visser's right to make liquid metal products will now be NON-exclusive. This simply means LiquidMetal or any Liquidmetal licensees in the future can use whomever they want to make the products Visser previously had an exclusive license to make (not electronics per Apple agreement). This would be the good news for Liquidmetal.

     

    This is my best understanding, and could be wrong, but it's from interpreting the legalese in the documents.
    22 May, 01:20 PM Reply Like
  • MFG-DN
    , contributor
    Comments (4) | Send Message
     
    Wow, You really think Visser got away with a deal? Do some DD! They are licensed for old technology only, not the new production technologies. If you think casting can keep up with rapid blow molding and MIM you are sadly wrong. Visser got little, and LiquidMetal wins the day.

     

    The PPS is off because of selling the news combined with historic low process before Memorial Day. Add into that no announced sales contracts, and you have the situation. This stock is on its way up thanks to 60+ new patents for production technologies as a result of R&D with Apple.
    23 May, 09:12 AM Reply Like
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