Liquidity Services Announces New Partnership with Core by Biocom California to Help Life Science Companies Maximize the Value of Their Assets

Rhea-AI Summary

Liquidity Services (NASDAQ:LQDT), operator of the world's largest B2B e-commerce marketplace for surplus assets, has announced a strategic partnership with Biocom California, the state's leading life science association representing over 1,800 members. The partnership adds Liquidity Services to Core by Biocom California's savings portfolio, enabling member companies to maximize value from surplus equipment and inventory.

Industry data suggests organizations typically maintain up to 20% surplus equipment that could be liquidated for capital. Through this partnership, Biocom California members will gain access to Liquidity Services' marketplace platform with exclusive savings for buying and selling specialized life science equipment, promoting both capital recovery and sustainability through asset redeployment.

Positive

• Strategic partnership with Biocom California provides access to 1,800+ life science companies
• Entry into specialized life science equipment market with high surplus potential (20% average)
• Expansion of customer base in California's premium life science sector

Negative

• None.

News Market Reaction – LQDT

+3.33%

1 alert

+3.33% News Effect

On the day this news was published, LQDT gained 3.33%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

BETHESDA, Md., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Liquidity Services, (NASDAQ:LQDT) which operates the world’s largest B2B e-commerce marketplace platform for surplus asset sales, today announced a strategic partnership with Biocom California, the state’s premier life science association representing over 1,800 members. As the newest addition to the Core by Biocom California savings portfolio, Liquidity Services will provide member companies with unique opportunities to recapture critical capital and secure savings through a streamlined approach to buying and selling surplus equipment and inventory.

"We're proud to partner with Liquidity Services to deliver valuable support in surplus equipment liquidation and purchases for life science members in California and beyond,” said Tim Scott, President and CEO, Biocom California. “This partnership helps accelerate innovation, unlocks capital, promotes sustainability through landfill diversion and ensures idle assets are redeployed to advance life-saving technologies—all critical to driving our industry's growth and impact."

Life science companies are highly dependent on specialized equipment to drive innovation. However, industry data indicates that on average, organizations carry up to a 20% surplus that they could sell to generate critical capital. Liquidity Services’ robust marketplace helps companies efficiently buy and sell quality surplus equipment while benefiting from exclusive Biocom California member savings.

“At Liquidity Services, we’re excited to partner with Core by Biocom California and its vibrant life science community,” said Elizabeth Maxted, GM & VP of Capital Assets Americas at Liquidity Services. “We look forward to delivering tailored support and excellent returns on unused or undervalued equipment to Biocom California members, allowing them to remain focused on advancing science and improving health outcomes.”

By partnering with Liquidity Services, Core by Biocom California continues to expand its portfolio of carefully vetted partners, enabling its member organizations to succeed in an increasingly competitive and resource-conscious market.

For more information on how Biocom California members can take advantage of Liquidity Services’ specialized platform and exclusive member benefits, find the program overview here.

About Liquidity Services

Liquidity Services (NASDAQ: LQDT) operates the world’s largest B2B e-commerce marketplace platform for surplus assets, with over $10 billion in completed transactions to more than 5 million qualified buyers worldwide and 15,000 corporate and government sellers. It supports its clients’ sustainability efforts by helping them extend the life of assets, prevent unnecessary waste and carbon emissions, and reduce the number of products headed to landfills.

About Core by Biocom California

Core by Biocom California helps life science companies secure critical products and services at reduced cost while conserving their resources and meeting corporate social responsibility goals. With a portfolio of 30+ unique savings programs and representation in over 40 states, Core by Biocom California saves members over $376 million annually. Our value-added resources and support remove barriers to business and allow industry leaders to concentrate on what matters most: scientific breakthroughs and world-changing innovation.

FAQ

What is the potential market opportunity for LQDT through the Biocom California partnership?

The partnership gives LQDT access to over 1,800 life science member companies, with industry data indicating these organizations typically carry up to 20% in surplus equipment that could be liquidated.

How will the February 2025 Biocom California partnership benefit LQDT's business model?

The partnership allows LQDT to expand its marketplace presence in the life science sector, providing exclusive member benefits for buying and selling surplus equipment while capturing value from unused assets.

What specific services will LQDT provide to Biocom California members?

LQDT will provide member companies with opportunities to recapture capital through surplus equipment liquidation and purchases, offering exclusive savings through their B2B e-commerce marketplace platform.

How does the LQDT-Biocom partnership promote sustainability?

The partnership promotes sustainability through landfill diversion by ensuring idle assets are redeployed to other life science companies, advancing life-saving technologies while reducing waste.