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Apple has extended its exclusive rights with Liquidmetal Technologies for another year

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Apple has extended its exclusive rights with Liquidmetal Technologies for another year

Apple has renewed its rights to make use of Liquidmetal Technologies’ distinctive steel alloys in its merchandise, according to a brand new SEC submitting. As noted through MacRumors, a record used to be submitted to the G.I. Securities and Exchange Commission these days that extends the 2 firms’ settlement.

According to the aforementioned record that used to be just lately filed with the SEC, Apple has extended its exclusive rights with Liquidmetal Technologies for another year. That way the present dating among the corporations will proceed till February 5, 2016, because the preliminary report used to be signed on February 5, 2015.
“On June 17, 2015, Liquidmetal Technologies, Inc. (the “Company”) and Apple Inc. (“Apple”) entered into a 3rd modification (the “Third Amendment”) to the Master Transaction Agreement that used to be at the start entered into on August 5, 2010 and amended on June 15, 2012 and May 17, 2014 (the “MTA”). Under the MTA and its first amendments in 2012 and 2014, the Company used to be obligated to give a contribution to Crucible Intellectual Property, LLC, a different objective subsidiary of the Company, all highbrow assets obtained or evolved via the Company from August 5, 2010 thru February 5, 2015, and all highbrow assets held through Crucible Intellectual Property, LLC used to be solely authorized on a perpetual foundation to Apple for the sector of use of shopper digital merchandise underneath the MTA.”
As it stands presently, Apple has used the alloys from Liquidmetal Technologies for the SIM removing software for the iPhone 3G long ago while, and another use of the alloys has now not been showed up till this aspect. However, Apple’s steady extension of its exclusive rights to the alloys has many believing that, in the future one day, Apple will use it for one thing else. 
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