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Liquidmetal Technologies forms new subsidiary

By Tim Wright | July 31, 2007

Liquidmetal Technologies forms new subsidiary

Liquidmetal Technologies, Inc. has completed an $11.1 million financing transaction in which it transferred the assets of its Liquidmetal Coatings division to a newly formed, newly capitalized subsidiary named Liquidmetal Coatings, LLC in a sale transaction. Going forward, Liquidmetal Coatings, LLC, referred to as "LMC," will own and operate the Liquidmetal Coatings business as a separate entity in which Liquidmetal Technologies, Inc. will retain a 69.25% equity interest.