Liquidmetal Technologies Inc (OTCMKTS:LQMT) declined more than 5% to close at $0.160 on Monday’s trading session. The decline came at a low volume of 3.60 million. The downfall in last trading session can be termed as a minor pull-back after the company stocks surged in past one week.
Liquidmetal Technologies Inc (OTCMKTS:LQMT) is in the news from past few weeks. The speculation on Samsung’s upcoming new model Galaxy S6 has fueled optimism for the company’s stocks. The new model is expected to have a metal body. It will use Liquidmetal for the outer cover. The teaser video of Galaxy S6 focused on liquid metal animations, which are imperfect predictors of metal alloy utilized within a Smartphone. The company extended its exclusive license to Apple Inc. (NASDAQ:AAPL). It was related to the use of IP in the consumer electronics goods. However, the extension expired on February 5, 2015.
Liquidmetal Technologies stocks are gaining more on rumors than reported news. The company’s share price surged last week amidst speculation that liquid metal can be used in upcoming Apple’s car. The NY Post reported that Former Ford VP Steve Zadesky, who is believed to lead Apple’s effort, was the signatory on a business contract with Liquidmetal in 2010. The post stated that Liquidmetal and Apple have filed seventeen patents together. The involvement of Zadesky with Apple has increased the optimism for Liquidmetal to be used in Apple’s rumored cars.
Additional Engel Machine
In unrelated news, Liquidmetal announced that it is awaiting delivery of an additional Engel Machine. The fully automated machine will improve he existing Manufacturing Center, highlighting the company’s commitment to manufacturing and implementing the features of its technology. After the Engel machine goes operational, it will result in additional capacity of parts production. Liquidmetal Technologies Inc (OTCMKTS:LQMT) will benefit from increased capacity ahead of strong demand. The customer needs can be adequately managed resulting in utmost customer satisfaction.