Apple signed a deal with Liquid Metal back in 2012 to use their technology in Apple devices, and now according to a recent report from Mac Rumors, Apple and Liquid Metal have extended their agreement until 2014.
The agreement was setup trough a subsidiary which is know as Crucible Intellectual Property LLC, and this provides Apple with a full license to all of the intellectual property from liquid metal.
The original deal ran out on the 5th of February 2012, but a new SEC filing has revealed that the deal has been extended to the 5th of February 2014.
Under the MTA [Master Transaction Agreement], the Company was originally obligated to contribute to Crucible Intellectual Property, LLC, a special purpose subsidiary of the Company, all intellectual property acquired or developed by the Company through February 5, 2012, and all intellectual property held by Crucible Intellectual Property, LLC is exclusively licensed on a perpetual basis to Apple for the field of use of consumer electronic products under the MTA. Under the Amendment, the parties agreed to amend the MTA to extend the February 5, 2012 date to February 5, 2014.
Apple previously used Liquid Metal in the SIM eject tool for the iPhone 3GS, although we suspect this was used as a test and Apple has bigger plans for this technology in the future.
Source TechMemeFiled Under: Apple, Technology News, Top News