Responding to shareholder’s 5/23 morning question: Are there any updates?
12:00PM -- CEO Bill McKay reports to IR -- signing of new LA and first SLA for BTL.
ABOUT BTL
Billion Technology Limited (BTL), founded in May 2003 and matured to a corporation with more than 200 staff and 5500 sq. m (old factory), 3600 sq. m (new factory) facilities, is an ISO 9001 / ISO 13485 / AS9100C Certified privately held company with diverse capabilities to provide high precision machining products, mold & die engineering and manufacturing, plastic injection molding, assembly, technical design support and turnkey services to simplify outsourcing efforts. Factories are located in the most strategic low cost area of China-Dongguan, Guangdong.
Producer of:
· Aircraft Parts
· Electric Instrument Parts
· Dental Equipment Parts
· Identification Inspection Equipment Parts
· Plastic Parts
Billion Technology Limited – approximate value $16M - $21M -- joins TPAC to expand its aeronautical market share using TPACs Licensing Agreement with NAVAIR certification.
DEAL STRUCTURE
· Licensing Agreement valued at $1M annually
· 10 Year Service Level Agreement valued at $135M
· 3 – 36Month Cost Reviews
· Annual Products and Services Procurement
· SLA Commencement Begins January 2017
With the signing of the LA/SLAs, TPAC positions itself to receive income from the company it was to acquire without spending capital in the process. This will allow TPAC to apply more currency to cash-on-hand reserves triggering a stronger price per share. This is the forward thinking that will stabilize TPACs long term shareholders positions. The SLA holder will expand its client base receiving higher revenues and TPAC will provide supplies, machinery and consulting to BTL for constructing proprietary spherical bearings and other metal works. This strengthens TPACs future as it now expands its operational base making TPAC more attractive to operations like Boeing (which just reported jet orders from VietJet Air valued at $11.3B) for the premier status. By connecting various bearings/metal works facilities, TPAC can compete against high volume bearing producers while delivering a higher grade product at a lower cost to the aerospace/defense industries.
Let’s take a couple of great questions by shareholders:
Q: Why No PR in 2016?
As stated in the 19 May report, there are four base areas that the reconstruction is built upon: (1) Management, (2) Business Development, (3) Operations, and (4) Finance.
As each reconstruction process takes place, synchronization of the business units is not 100 percent. Reconstruction efforts are reformatting how TPAC will create, implement, maintain and secure its new framework. Many new scenarios are taking shape and their total impact cannot readily be forecasted.
What might be said today may be retracted tomorrow due to other influences within another area in the reconstruction process. In time, the reconstruction will sync all four areas. When that happens, PRs will again emerge.
Some may ask why report if not using PRs. TPAC shareholders express/request information on daily business dealings that cater to contracts and/or revenue. IR will report as these events happen. IR has minimized all news of contracts with a revenue value under $250K – as this currency is highly in TPACs daily operational demand and does little to stabilize stock price. Simply….we report because we are asked.
Q: Why has reconstruction changed from 45 days to 6 months?
As stated on 25 April, the 90 days is in reference to the analytical process of the reconstruction phase, which currently we have roughly a little more than 60 days to complete. After such time, a comprehensive up-to-date fact sheet with a business timeline will be published to the email group so that again you can stay informed of the progress and how long it will take to complete the reconstruction phase. There has been no time frame change.
RECAP (MAY 2016 RECONSTRUCTION EFFORTS)
· CEO Bill McKay Delivers Bid Package to AVIC
· Meeting Next Week to Discuss Next Steps for AVIC Procurement
· Boeing Representative Schedules Tentative Meeting with TPAC Next Month
· USA FR Constructs MRVB Demo for CEO Bill McKay
· CEO Bill McKay Greenlights MRVB Application Process
· BDG approaches Southwest Airlines for Supplier Diversity Program
· BDG Samples Global Marketing System Promoting TPACs Spherical Bearings on 6 of 7 Global Continents
· BDG/USA FR Still Engaged in TPAC Australia SLA for Manufacturing Facility
OPT-OUT: If you no longer wish to receive email or tweet communications, please email ir@tpacbearings.com to be removed from all listings.
TPAC IR Specialist
ir@tpacbearings.com
12:00PM -- CEO Bill McKay reports to IR -- signing of new LA and first SLA for BTL.
ABOUT BTL
Billion Technology Limited (BTL), founded in May 2003 and matured to a corporation with more than 200 staff and 5500 sq. m (old factory), 3600 sq. m (new factory) facilities, is an ISO 9001 / ISO 13485 / AS9100C Certified privately held company with diverse capabilities to provide high precision machining products, mold & die engineering and manufacturing, plastic injection molding, assembly, technical design support and turnkey services to simplify outsourcing efforts. Factories are located in the most strategic low cost area of China-Dongguan, Guangdong.
Producer of:
· Aircraft Parts
· Electric Instrument Parts
· Dental Equipment Parts
· Identification Inspection Equipment Parts
· Plastic Parts
Billion Technology Limited – approximate value $16M - $21M -- joins TPAC to expand its aeronautical market share using TPACs Licensing Agreement with NAVAIR certification.
DEAL STRUCTURE
· Licensing Agreement valued at $1M annually
· 10 Year Service Level Agreement valued at $135M
· 3 – 36Month Cost Reviews
· Annual Products and Services Procurement
· SLA Commencement Begins January 2017
With the signing of the LA/SLAs, TPAC positions itself to receive income from the company it was to acquire without spending capital in the process. This will allow TPAC to apply more currency to cash-on-hand reserves triggering a stronger price per share. This is the forward thinking that will stabilize TPACs long term shareholders positions. The SLA holder will expand its client base receiving higher revenues and TPAC will provide supplies, machinery and consulting to BTL for constructing proprietary spherical bearings and other metal works. This strengthens TPACs future as it now expands its operational base making TPAC more attractive to operations like Boeing (which just reported jet orders from VietJet Air valued at $11.3B) for the premier status. By connecting various bearings/metal works facilities, TPAC can compete against high volume bearing producers while delivering a higher grade product at a lower cost to the aerospace/defense industries.
Let’s take a couple of great questions by shareholders:
Q: Why No PR in 2016?
As stated in the 19 May report, there are four base areas that the reconstruction is built upon: (1) Management, (2) Business Development, (3) Operations, and (4) Finance.
As each reconstruction process takes place, synchronization of the business units is not 100 percent. Reconstruction efforts are reformatting how TPAC will create, implement, maintain and secure its new framework. Many new scenarios are taking shape and their total impact cannot readily be forecasted.
What might be said today may be retracted tomorrow due to other influences within another area in the reconstruction process. In time, the reconstruction will sync all four areas. When that happens, PRs will again emerge.
Some may ask why report if not using PRs. TPAC shareholders express/request information on daily business dealings that cater to contracts and/or revenue. IR will report as these events happen. IR has minimized all news of contracts with a revenue value under $250K – as this currency is highly in TPACs daily operational demand and does little to stabilize stock price. Simply….we report because we are asked.
Q: Why has reconstruction changed from 45 days to 6 months?
As stated on 25 April, the 90 days is in reference to the analytical process of the reconstruction phase, which currently we have roughly a little more than 60 days to complete. After such time, a comprehensive up-to-date fact sheet with a business timeline will be published to the email group so that again you can stay informed of the progress and how long it will take to complete the reconstruction phase. There has been no time frame change.
RECAP (MAY 2016 RECONSTRUCTION EFFORTS)
· CEO Bill McKay Delivers Bid Package to AVIC
· Meeting Next Week to Discuss Next Steps for AVIC Procurement
· Boeing Representative Schedules Tentative Meeting with TPAC Next Month
· USA FR Constructs MRVB Demo for CEO Bill McKay
· CEO Bill McKay Greenlights MRVB Application Process
· BDG approaches Southwest Airlines for Supplier Diversity Program
· BDG Samples Global Marketing System Promoting TPACs Spherical Bearings on 6 of 7 Global Continents
· BDG/USA FR Still Engaged in TPAC Australia SLA for Manufacturing Facility
OPT-OUT: If you no longer wish to receive email or tweet communications, please email ir@tpacbearings.com to be removed from all listings.
TPAC IR Specialist
ir@tpacbearings.com
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