Liquidmetal Technologies, Inc. (OTCQB: LQMT) is engaged in the development and marketing of bulk alloys and composites through amorphous alloy technologies. Shares of the liquid alloy company are diving 13.18%, during early trading on Friday, December 16, 2016. Over the past month, the company has seen average daily volume of 2.17 million shares. However, volume of 4.22 million shares or dollar volume of $811,210, has already exchanged hands through early trading Friday.
Shares of Liquidmetal Technologies, Inc. are diving Friday, after the company recently appointed a new president and CEO. The company has tapped Professor Lugee Li to be the new president and CEO of Liquidmetal Technologies, Inc. Mr. Li has been serving on the company’s board of directors since March 2016. Here is the full press release detailing of the leadership change:
Liquidmetal Technologies, Inc. Press Release:
Liquidmetal® Technologies, Inc. (OTCQB: LQMT) announced today that it has named Professor Lugee Li as President and Chief Executive Officer of Liquidmetal Technologies effective immediately. Professor Li has served as a member of the Company’s Board of Directors since March 10, 2016 and is the sole owner of Liquidmetal Technology Limited, a Hong Kong company that is the Company’s largest shareholder. Professor Li will not be taking any compensation as a result of his appointment as President and Chief Executive Officer.
Professor Li will make his first public remarks as President & CEO at the Company’s previously announced special investor update conference call to be held on Thursday, December 15, 2016. The dial-in details for the conference call are included in the press release announcing the call previously issued on December 1, 2016.
About Liquidmetal Technologies, Inc.
Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the leading developer of bulk alloys that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. 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. For more information, go to www.liquidmetal.com.