In a Securities and Exchange Commission filing made today, Liquidmetal Technologies announced that its agreement with Apple has been extended to effectively license its ongoing intellectual property development for an additional two years.
The agreement, which is funneled through a subsidiary known as Crucible Intellectual Property, LLC, provides Apple with a full license to all of Liquidmetal’s intellectual property for commercialization in consumer electronics. The original deal required that Liquidmetal submit all of its intellectual property discoveries to the subsidiary through February 5, 2012, but the new amendment effective as of last Friday extends the agreement through February 5, 2014.
Apple obtained the rights to Liquidmetal’s amorphous metal alloys after having tested the material in the iPhone 3G SIM eject tool. Recently CEO Thomas Steipp (above) hinted that Apple plans to commercialize the technology. Rumors have indicated it could be used in products on a larger scale in the near future.