It has been a few months since the last time we talked about Liquidmetal Technologies Inc (OTCMKTS:LQMT) here on Street Register. The company is a developer of amorphous alloys, which are unique materials that are distinguished by their ability to be injection molded and die cast into applications for a broad range of markets.
There has not been a whole lot in the way of operational updates since our last mention of the stock, but the company has undergone some significant managerial changes in recent weeks which we felt warranted our attention.
Liquidmetal Technologies Inc (OTCMKTS:LQMT) announced the appointment of Bruce Bromage as its Chief Operating Officer. As COO, Dr. Bromage shall be responsible for executing business strategy and management of all Company functions, and report to Professor Lugee Li, Chairman and CEO. In addition to the managerial duties he previously held, Dr. Bromage is responsible for ensuring the achievements of and coordinating and supporting the objectives of the Company’s sales, legal, human resources, and accounting functions.
“This appointment provides direct accountability for the Company’s operational and financial performance,” said Professor Li, “and I have great confidence in Bruce. He has demonstrated great leadership since I first invested in Liquidmetal.”
Dr. Bromage previously served as Liquidmetal’s Executive Vice President of Business Development and Operations. Since 2011, he has actively managed Liquidmetal operations and successfully transitioned the company’s focus from intellectual property development to volume manufacturing. Before joining Liquidmetal, Dr. Bromage was Executive Vice President and General Manager of Symmetricom’s Timing, Test, and Measurement division, growing annual revenues over a four-year period from $40 million to more than $90 million. Dr. Bromage has previously held executive positions with Hewlett-Packard and Hughes Aircraft Company, and he began his career as a Human Performance Engineer with Bell Laboratories.
In addition to welcoming Dr. Bromage, LQMT elected Mr. Tony Chung as a director of the Company. In connection with his appointment to the Board of Directors, Mr. Chung resigned as Chief Financial Officer of the Company, and Mr. Bryce Van, former Corporate Controller, was appointed as Vice President of Finance and will serve as the Company’s principal financial and accounting officer.
Mr. Chung served as Liquidmetal’s Chief Financial Officer for nearly 10 years. During this time, he served a critical role in ensuring that the Company had adequate funding for operations and helped lead the Company to fulfill its vision as the leader of amorphous alloy technology.
“Tony’s expertise in the legal and financial realms has helped propel the Company for many years. We value his experience and are delighted to know that he will continue to contribute to Liquidmetal’s future success as a member of our Board of Directors,” said Professor Lugee Li, Chairman and CEO.
Bryce Van has been a key member of Liquidmetal’s leadership team, serving as Corporate Controller for the last four years. “Bryce has impressed me with his understanding of the strong financial discipline we need for the next phase of our Company’s development: Growing revenue and generating profits. I have great confidence in him,” said Professor Li. (Source: Business Wire)
In terms of the stock itself, LQMT has been gathering some steam, after recently rebounding off of a bottom, and has seen a significant increase in liquidity over the past few sessions. We’ll be sure to stay on top of its activity in sessions to come. All you need to do is stay locked to Street Register for updates, and we’ll deliver important developments on LQMT as they unfold. In the meantime, if you’ve yet to sign up for our 100% free newsletter, do so now! Just enter your active email address into the box below and submit!
Disclosure: No one at Street Register has been compensated in any way for the publishing of this article, nor do we hold any position in LQMT stock, short or long.