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发帖数: 3492 | 1 Mon, 18 Jun 2012 13:37:04 PDT
In a Securities and Exchange Commission filing made today, Liquidmetal
Technologies announced that it has extended its agreement with Apple to
effectively license its ongoing intellectual property development for an
additional two years.
The agreement, which is funneled through a subsidiary known as Crucible
Intellectual Property, LLC, provides Apple with a full license to all
Liquidmetal's intellectual property for commercialization in consumer
electronics. The original deal required that Liquidmetal submit all of its
intellectual property discoveries to the subsidiary through February 5, 2012
, but the new amendment effective as of last Friday extends the agreement
through February 5, 2014.
Under the MTA [Master Transaction Agreement], the Company was originally
obligated to contribute to Crucible Intellectual Property, LLC, a special
purpose subsidiary of the Company, all intellectual property acquired or
developed by the Company through February 5, 2012, and all intellectual
property held by Crucible Intellectual Property, LLC is exclusively licensed
on a perpetual basis to Apple for the field of use of consumer electronic
products under the MTA. Under the Amendment, the parties agreed to amend
the MTA to extend the February 5, 2012 date to February 5, 2014.
The foregoing does not purport to be a complete description of the Amendment
and is qualified by reference to the full text of such agreement, which
will be filed with the Company’s next Quarterly Report on Form 10-Q.
Apple acquired the rights to Liquidmetal's amorphous metal alloys in August
2010 after having tested the material in the iPhone 3G SIM eject tool. But
broader use of Liquidmetal's alloys, which offer improvements in strength
and durability over current alloys while proving easy to cast into complex
shapes, is likely several years off. |
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