$TPAC We are starting to looking really good here
Post# of 22940
Charting aside, this is the week that the $100K purchase order is to be delivered. It may or may not even be announced, seeing as Bill has already stated that it would happen; much in the way he didn't show proof of being a Boeing approved supplier until the "Ye of little faith" Tweet. With the recent meetings and progress with Boeing, Bill has shown himself good for his word, so I am of the opinion that whether or not he shows the extra courtesy of announcing the delivery a second time, as of 4/1/16 it has been delivered unless announced as being delayed.
This is an exciting month to come. We not only have the purchase order, but also the next meeting with Boeing, likely taking place at the BCIAerospace Convention, Apr 14-15 in Seattle. Here is a participant's list of 2014's version of the Aerospace Defense and Supplier Summit: http://seattle.bciaerospace.com/images/downlo...1_2014.pdf The list of familiar(and unfamiliar) names is quite impressive. Some of the familiar players: Embraer, Boeing, Bombardier, Avcorp, AVIC, Dassault, Airbus, GE, Honda, Mitsubishi, Porsche Consulting, Rolls-Royce, etc. What is equally impressive, are the number of govt/institutional entities that attended the last event. And to top it off, there appeared(upon a cursory glance) to be a very significant presence from the Middle East, aside from just US, Canada, China, etc. The significance of that is that the Australian marketing group is going to be targeting business for us in Australia, SE Asia, and the Middle East; so, a strong showing from entities in Turkey, etc. may prove additionally beneficial.
Also to consider for the coming month are the meetings. TPAC will be meeting with AVIC, Align, Projen, Shareholders and HK Bankers. There are also parts to be made, not just ship. The capacity meeting with Boeing just took place. Next up is the meeting mentioned above, mid Apr. And following within what appears to be 2-4wks of that will be Boeing inspecting the facility in China. NAVAIR's last step before giving TPAC final unconditional approval was a factory inspection. I can't see Boeing wanting to flirt any longer after that. They will know. All that may be needed between the visit and the green light could be small modifications or approval conditional upon finalization of upgrading to REV C of AS9100, which is AS9100C.
Once either Boeing or AVIC inks with TPAC, the other should follow close suit, seeing as TPAC is the connecting entity that bridges the two other parties, bringing NAVAIR to China. Capacity and ability to expand without significant time or cost interference must have been satisfactory for the meeting to have gone well and for Boeing to want to get eyes on the operation by May(though possibly as soon as Apr). If the HK bankers love NAVAIR, imagine the ease in funding if Boeing and/or AVIC is secured. The acquisitions to be made will serve these companies and more, which equals revenues and profits, which thus means low-risk funding and security with profitable and timely return. It's all adding up now.
And then with the addition of being the only bearing supplier to an international aerospace distributor, we are making our way into automotive, then to maritime. It was mentioned that we had an additional product, aside from bearings, that would specifically serve maritime/defense. It should also be stated that we likely have some very solid footing with the international distributor. If we are the only bearing maker, than we are even more importantly, the only NAVAIR certified maker, which then narrows competition to only six other companies. Considering they are an international distributor, and we are the only NAVAIR cert in China, that cements us that much further. We also crush the competition in our delivery times, as mentioned on the presentation: Delivery in two weeks vs 28-52wks, and a host of other benefits. And with a quick flashing back to Boeing: If we need AS9100C for Boeing, and our partner BTL has AS9100C, we may land Boeing via getting funding approval on this upcoming China trip, if BTL is up for grabs. Bill can then go back to the States mid-Apr, meet with Boeing at BCIAero Convention, present the acquisition(and thus a capacity expansion of sorts) and Boeing can then head to China for the inspection of TPAC/BTL operations, both of which NAVAIR already approved:
"But we took the extra step and had NAVAIR personnel visit, inspect, review and approve BTL. We wanted this assurance"
https://twitter.com/TPACbearings/status/703428125565161473
Then, the next logical step(or even the preceding step) would be the finalization of the joint venture with AVIC.
Everything is falling into place now: the chart, the company, the deals, etc. We're on our way and we have a very eventful year to come, with only 4months down and 8 to go.