Apple has re-signed its exclusive agreement to license Liquidmetal intellectual property for two more years, encompassing the company's continuous access to any additional progression until early 2014. Despite the fact that it may not be Liquidmetal that will contribute to delivering next-generation iPhone case for a 2012 release, presumably we’ll see Apple releasing the products out of the unique metal sometime in the next two years.
The document of the extension to a Master Transaction Agreement (MTA) (originally signed in August, 2010) was filled on Friday and officially announced on Monday, June 18th. Under the terms of the agreement that ended in early February, Apple donated $20 million to Liquidmetal subsidiary Crucible Intellectual Property, LLC to get the exclusive perpetual rights to any IP created or attained by the company for use in the iPad maker's products.
According to the newly edited document provided below, Apple extends the terms of the original filing to February 2014. This gives Apple an extra two years of exclusive access to further progress or new devices from Liquidmetal that will be perpetually licensed under the MTA. With the rumors about the iPhone 5 to be made from the alloy, according to Dr. Atakan Peker, Liquidmetal inventor, it would cost $300 million to $500 million dollars and at least three years of development to ready the metal for mass production yields. To get to know further details about the Liquidmetal technology, first used the metal in a SIM card ejector tool for the iPhone 3G, check one of our previous posts.