Project Preparation Grants Were Approved (USD 900

Approved in basic principle, Ethiopia’s investment plan demands AfDB technical support and guidance to prepare and implement Phase II of the Aluto Langano geothermal project. Project preparation grants were approved (USD 900,000) so work can get underway. Ethiopia will seek full endorsement of its investment plan by early May 2012. The Bank expects to channel USD 22.6 million in SREP financing to Ethiopia.

This can cause a trade deficit and son, do we’ve a big one. But, although imports and exports are important factors in the fitness of our economy, like everything we’ve significantly looked at so, their impact can have both good and bad effects, and it is complicated. The largest destination for U.S. The answer is Canada, and, in case you were questioning, the second- and third-largest is Mexico and China, respectively.

The No. 1 source of imports? That one was easy. Our largest trading partner overall? The most valuable export in real dollars? We’re a service economy also. Night So understand that for trivia. Basically, we are killing it in this sector. So there you have it! Have something to increase this whole tale? Comment below or join the discussion on Facebook.

That was whenever we signed a cross- licensing agreement with EONTEC, a worldwide producer with deep expertise in volume production of amorphous metals. While not popular in the U.S., EONTEC has focused on developing low-cost alloys and machines that can handle making bigger parts, which address different applications, different price material and factors performance requirements that will vary from ours.

These EONTEC capabilities complement our concentrate on the production of high-performance parts with demanding applications inside our targeted UNITED STATES and European markets. Combining these manufacturing features shall allow us to address a much broader range of market opportunities from automotive, medical and industrial customers. Moving forward, Liquidmetal will concentrate on North America and Europe, while EONTEC shall focus on the vast Asian market, that they understand and cover well extremely.

63.4 million of cash allowing us to speed up getting parts to advertise, increasing revenues and moving towards breakeven profitability. We see this investment as validating the guarantee of our markets and our readiness to implement with customers. Beyond this, we think that the structure of the agreements closely aligns the goals of both companies with those of existing shareholders. With that, I’d like to switch the decision over to Tony now.

Thanks, Tom, afternoon and good, everyone. 63.4 million investment in our recent funding purchase. The period-over-period decreases are attributable to a shift from a focus of research and development projects with licensees towards prototyping and onsite manufacturing attempts. 4.8 million of profit the lender. 63.4 million in conjunction with a parallel license agreement with EONTEC, a Hong Kong-based company publicly exchanged on the Shenzhen Exchange. 8.4 million was received on March 10 and we expect the rest of the 55 million to be funded sometime in the 3rd one fourth of 2016, at the mercy of shareholder authorization of our request to increase the company’s authorized stocks. 63.4 million investment was created by Mr. Lugee Li who is the CEO and Chairman of EONTEC.

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0.16 per talk about, that was 100% premium on our stock price at the time of the transaction. In addition, Mr. Li’s investment will have a tremendous effect on our ability to progress our Liquidmetal technology. In comparison to prior fundraisers done through investment funds, Mr. Li’s investment is long term and is strategically focused, which aligns well with the company’s financial goals. We are able to now concentrate on deploying our financial resources to invest in global operations with no concern for raising money in the near future.

I am truly worked up about the partnership with EONTEC and look forward to working with Mr. Li as our latest Board member. I’d prefer to now turn the call over to Paul who’ll offer you a perspective on the progress that we’ve been making in sales. Thanks, Tony. 2015 was a pivotal yr for Liquidmetal Technologies as we continue steadily to perform on our long-term business strategies to develop an industry.