Earnings Call Transcript

Good afternoon. Welcome to the Liquidmetal Technologies Third Quarter 2012 Conference Call. My name is Amber and I will be your conference operator this afternoon. Joining us on today's call are Liquidmetal’s President and CEO, Tom Steipp; and CFO, Tony Chung. Following their remarks we will open up the call for your questions.

Before we proceed, I would like to provide the company's safe harbor statement with important cautions regarding forward-looking statements made during this call as follows. All statements made by management during this call that are not based on historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933 as amended, and Section 21E of the Securities Exchange Act of 1934 as amended.

Such forward-looking statements include but are not limited to, those made by Mr. Steipp and Mr. Chung regarding the company's cash, revenue outlook and technology development.We mainly supply professional craftspeople with crys talbeads wholesale shamballa Bracele , While management has based any forward-looked statements made during the call on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number or risks,We mainly supply professional craftspeople with wholesale turquoise beads from china, uncertainties and other factors, many of which are outside the company's control that could cause actual results to materially differ from such statements.

Such risks and uncertainties and other factors include but are necessarily limited to, those that fall under risk factors in the company's annual report on Form 10-K for the year ended December 31, 2011.The term 'hands free access control' means the token that identifies a user is read from within a pocket or handbag. Accordingly, you should not place any reliance on forward-looking statements as a prediction of actual results. The company disclaims any intention and undertakes no obligation to update or revise any forward-looking statements. You are also urged to carefully review and consider the various disclosures in the company's annual report on Form 10-K for the year ended December 31, 2011, as well as other public filings with the SEC since such date.

Thank you, Amber. Welcome everyone and thank you for joining us on today's call. Highlight in the quarter was the shipment of four new prototype parts to new customers in the medical, industrial and aerospace industries, who have expressed a keen interest in the unique capabilities of Liquidmetal.

This brings the year-to-date total of prototype shipments to seven and our overall total to ten. As a general rule, in the prototype stage customers test and assess the quality of their initial part deliveries. Then once the engineering in test phase is completed and the production mold is finalized, we can begin the process of moving towards full production.Find a great buy mosaic Art deals on eBay! It’s important to understand that the evaluation of complex, high-value parts is time consuming and approval cycles for purchase orders are typically extended, particularly in the aerospace and medical industry.

Also during the quarter our company passed a significant milestone as our partner, The Swatch Group, transitioned from lab prototype shipments which have been ongoing for over 15 months, to full production status. This is the first occurrence of a customer advancing its production process beyond the prior lab prototype deliveries and into full scale production. This milestone gives us increasing confidence in the production capabilities of our contract manufacturing partner Visser Precision Cast as well as Materion Brush, who produces the bulk Liquidmetal alloy.

Both women agree that their family-room couches get the most human and animal contact, and both women suspect that their couches are the most overlooked areas when it comes to cleaning.We mainly supply professional craftspeople with wholesale agate beads from china, Local 6 asked Debbie and Karen permission to swab and vacuum their couches to see if, in fact, they're breeding grounds for germs or have contaminants that cause illness. Both families have allergy sufferers. Nervously, Debbie and Karen agreed to the tests.

Local 6 took the samples to EMSL, a lab where Dr. Blanca Cortes ran them through several tests for allergens, molds, and bacteria.

Cortes found three types of bacteria on Karen's couch, including a low count of Pseudonomas not aureaus. It's a bacteria that's typically found in hot tubs and can eat through blood.

"It can give you some nasty infections," Dr. Cortes said. She explained that the infections caused by Pseudonomas are very resistant to antibiotics.