Averatek relaunches as – Raises $10M in Equity & Govt Funding

Names New Directors & Executives to focus on Liquid Metal Inks for Artificial Intelligence

Averatek Corp., developer of high-performance materials for advanced semiconductor manufacturing, today announced that it has relaunched as LQDX (‘lik-WID-ix) to focus on the rapid adoption of its Artificial Intelligence enabling chemistries and process technologies. To fund this next stage of growth, the company has concluded a combined equity and initial government funding round of $10M USD.

Further to this strategy LQDX has made substantive changes to its corporate governance and executive staff, naming Simon McElrea as Director and CEO, Rozalia Beica as Chief Commercial Officer, and Scott Meikle as Executive Chairman.

Simon McElrea joins LQDX having built and sold a number of technology businesses, most recently FreePower® the pioneering wireless charging innovator adopted by Tesla, and Semblant Inc. the nanomaterials provider adopted by Apple. Rozalia Beica joins from AT&S where she served as CSO and VP Strategic Marketing & Business Development, having previously held a range of Executive and C-Level positions at Dupont, Applied Materials and Yole Developpement. Scott Meikle PhD was previously SVP Customer Operations at Lam Research and President of Inotera Memories, now Micron Inc.

“We are thrilled to relaunch as LQDX,” announced Simon McElrea, CEO. “This is a pivotal moment for us and the entire semiconductor industry as we ready ourselves for the unprecedented inflection of AI and High-Performance Computing. The refocus enables us to build our team and support systems for the next phase of growth as an advanced chemical and process licensing business.”

“There has never been a time like this in the semiconductor industry,” said Scott Meikle, Chairman. “LQDX has reengineered every element of the company to prepare ourselves and our partners for the unprecedented ramp in advanced interconnect technology and chiplet-driven architecture.”

Learn more about us at and find your Liquid-X at

Explore AITechPark for the latest advancements in AI, IOT, Cybersecurity, AITech News, and insightful updates from industry experts!

Related posts

Dataminr expands strategic partnership with Carahsoft

PR Newswire

Juniper Networks Announces Acquisition of WiteSand

Business Wire

Moveworks opens its first regional data center in Australia

Business Wire