Trans-Pacific Aerospace Announces Purchase Order for Chinese Commercial Aerospace Sector
By Business Wire News
By Business Wire News
Trans-Pacific Aerospace Company, Inc. (“TPAC” or the “Company”) (OTCBB:TPAC) is pleased to announce that purchase order has been placed by a Chinese aerospace manufacturer for specialized self-lubricating bearings to be used in the Chinese commercial aerospace sector for production purposes.
Bill McKay, the CEO of TPAC stated: “This is a significant event for TPAC. The order, which is in excess of $100,000 represents far more than the monetary value thereof. We have worked very hard in the development and marketing of these bearings and are the only company in China able to meet the exacting blueprint requirements for performance. While it has taken a long time from product development to sales, our patience and efforts have been rewarded. We have seen over the past several months an increase in aerospace production and buying in China and are optimistic that we will become an integral part of this domestic expansion. Due to business practices and considerations, neither the project, the name of the customer nor the terms of the contract will be disclosed. We will continue our Chinese domestic marketing efforts and are making progress in expanding our marketing into North and South America and Europe with major aerospace OEMs and sub-tier contractors.”
About Trans-Pacific Aerospace
TPAC uses its proprietary aerospace bearing technologies at its facility in China to manufacture and sell component parts for both new commercial and general aviation aircraft and for spares for the existing commercial fleet. The component parts are referred to as self-lubricating spherical bearings and they help with several flight-critical tasks, including aircraft flight controls and landing gears. TPAC is the first and only manufacturer in China to qualify under SAE-AS81820 and 81934.
This press release contains or incorporates by reference “forward-looking statements” including certain information with respect to plans and strategies of TPAC. For this purpose, any statements contained herein or incorporated herein by references that are not statements of historical fact may be deemed forward looking statements. Without limiting the foregoing, the words “believes,” “suggests,” “anticipates,” “plans,” “expects,” and similar expressions are intended to identify forward-looking statements. There are a number of events or actual results of TPAC operations that could differ materially from those indicated by such forward looking statements.
Trans-Pacific Aerospace Company, Inc.
Bill McKay, CEO