Las Vegas, NV -- (SBWIRE) -- 01/25/2013 -- Liquidmetal Technologies Inc (OTC:LQMT) and its board of directors are being investigated by Levi & Korsinsky LLP in possible involvement in breaches of fiduciary duty for seeking shareholder approval to amend company’s incentive plan.
Despite the ongoing investigation the stock price ended 0.30 percent up in its last trading session to close at $0.101. The share price has traded within the ranges of $0.10 to $0.63 in last one year.
Liquidmetal Technologies Inc also recently presented its amorphous alloys and its benefits in “Space Spinoffs” gallery arranged by the Tellus Science Museum. The company unveiled the unique characteristics of their amorphous alloys which were developed from a research jointly funded by NASA, the California Institute of Technology and U.S. Department of Energy.
Liquidmetal’s alloy is now regarded as a new class of material which can bring an industrial revolution in the same way invention of steel and plastics did. Alloy acts like metal with twice the strength of titanium metal while its amorphous structure also gives it qualities of plastics. The metal comes with characteristics of strength, elasticity, hardness, less weight and resistance to corrosion.
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