Swatch Group signs Exclusive License Agreement with Liquidmetal Technologies
Biel / Bienne (Switzerland) and Rancho Santa Margarita, California (USA), March 10, 2011 – The Swatch Group Ltd signs Exclusive License Agreement with Liquidmetal Technologies.
Liquidmetal® Technologies Inc. (OTCBB: LQMT) and The Swatch Group Ltd (SIX: Uhr / Uhr N) today announced that they have signed an exclusive licensing agreement, allowing the Swiss manufacturer to utilize the Liquidmetal alloy technology worlwide. Within the Swatch Group, the Liquidmetal technology has been used for the first time in 2009 for the Omega Seamaster Planet Ocean, and in 2010 for the Breguet «Reveil Musical». The present contract will allow the Swatch Group to use the technology exclusively in their entire line of timepieces.
The alloys belonging to this class of materials with amorphous atomic structure (by contrast to the crystalline structure) are particularly well adopted for the utilization in the watch industry, as they lend themselves to process technology similar to that possessed by plastics and present unique properties with respect to forming. Liquidmetal Technologies Inc. masters the technology and the development of amorphous alloys. This agreement will open new horizons to both partners in this field.
The Swatch Group Ltd is the world's foremost manufacturer of finished watches. With its nineteen watch brands – Breguet, Blancpain, Glashütte Original, Jaquet Droz, Léon Hatot, Omega, Tiffany & Co., Longines, Rado, Union Glashütte, Tissot, ck watch & Jewelry, Balmain, Hamilton, Certina, Mido, Swatch, Flik Flak, and Endura – Swatch Group has a presence in all segments of the watch market. The Group employs some 25,000 persons in more than 50 countries. Its turnover reached 6.44 billion Swiss francs in 2010.
About Liquidmetal Technologies
Rancho Santa Margarita, California-based Liquidmetal Technologies, Inc. is the leading developer of bulk alloys and composites, coatings and powders that utilize the performance advantages offered by amorphous alloy technology. Amorphous alloys are unique materials that are distinguished by their ability to retain a random structure when they solidify, in contrast to the crystalline atomic structure that forms in ordinary metals and alloys. Liquidmetal Technologies is the first company to produce amorphous alloys in commercially viable bulk form, enabling significant improvements in products across a wide array of industries.
The Swatch Group Ltd
Phone: +41 32 343 68 33
Phone: +1 949-635-2120
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