Liquidmetal Technologies Names New Members to Board of Directors
October 14 2010 - 4:28PM
Business Wire
Liquidmetal® Technologies Inc. (OTCBB:
LQMT) today announced that it has named two new
members to the Board of Directors of the Company. Chairman Abdi
Mahamedi is welcoming Daniel Young and Ricardo Salas to board seats
being vacated by Martin Weinstein and Iraj Azarm.
“Liquidmetal Technologies is grateful for the contributions and
service of Dr. Weinstein and Mr. Azarm during their tenure as
directors. Their insights helped to guide the Company through
several complex and important matters,” commented Mr. Mahamedi. “We
also look forward to benefiting from the insights and experience
that our new directors bring to our Board at this exciting phase in
our technology’s commercialization.”
Incoming member Daniel Young is president of Irvine Community
Development Company LLC (ICDC), an affiliate of the 140-year-old
Irvine Company known for the planned development of the Irvine
Ranch properties in Orange County, California. In addition to the
master planned communities, the Irvine Company is also known for
its portfolio of elite investment properties in Orange County, San
Diego, West Los Angeles and the Silicon Valley. As president of
ICDC, Mr. Young guides all facets of the Irvine Company’s community
master-planning and development process. Mr. Young also has a
history of community involvement which includes 11 years on the
Santa Ana City Council, including 8 years as mayor. He has served
on the board of directors of several regional agencies. Mr. Young
is a graduate of California State University and has a master’s
degree in public administration from the University of Southern
California.
Current Liquidmetal Technologies Executive Vice President and
former company President Ricardo Salas is also joining the
Company’s Board of Directors. Mr. Salas previously served as a
board member of the Company from April 1995 to May 2003. Prior to
his tenure with Liquidmetal Technologies, Salas served as Chairman
and Chief Executive Officer of iLIANT Corporation, an information
technology and outsourcing service firm in the healthcare industry.
Mr. Salas currently serves as a director of CyberDefender
Corporation (CYDE) as well as two privately held technology
companies. Mr. Salas received his degree in Economics from Harvard
College.
This press release may contain
“forward-looking statements” that involve risks and uncertainties,
including statements regarding our plans, future events,
objectives, expectations, forecasts, or assumptions. Any
statement in this press release that is not a statement of
historical fact is a forward-looking statement, and in some cases,
words such as “believe,” “estimate,” “project,” “expect,” “intend,”
“may,” “anticipate,” “plans,” “seeks,” and similar expressions
identify forward-looking statements. These statements
involve risks and uncertainties that could cause actual outcomes
and results to differ materially from the anticipated outcomes or
result, and undue reliance should not be placed on these
statements. These risks and uncertainties may include:
our limited operating history in developing and manufacturing
products from bulk amorphous alloys; the adoption of our alloys by
customers; the commercial success of our customers’ products; our
ability to identify, develop, and commercialize new applications
for our alloys; competition with suppliers of incumbent materials;
the development of new materials that render our alloys obsolete;
the ability to manage our anticipated growth; our limited direct
experience in manufacturing bulk alloy products; scaling-up our
manufacturing facilities; protecting our intellectual property;
problems associated with manufacturing and selling our alloys
outside of the United States; and other risks and uncertainties
discussed in filings made with the Securities and Exchange
Commission (including risks described in subsequent reports on Form
10-Q, Form 10-K, Form 8-K, and other filings). Liquidmetal
Technologies disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events, or otherwise.
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