"TPAC EX-IM BANK TPAC's BDG after careful analy
Post# of 22940
Posted On: 04/21/2016 11:28:21 AM
"TPAC EX-IM BANK
TPAC's BDG after careful analysis of present day source vending, open-orders and request for quotations has determined TPAC to be under capitalized to meet the commitments from the re-seller channels in the aeronautical market. Although TPAC has no contract base at this time its open-orders and quotations are strong.
TPAC's move to provide substantial samples to many re-sellers in the aeronautical space presents the condition for new revenue flows even without BOEING but also presents a challenge to its manufacturing capabilities.
This is the current status that we are looking at to determine what the revenue flows will be and who they will come from in the next 45-90 days. TPAC over the last 6 yeas has indeed struggled with its current business model to engineer a product for the aeronautical market. Although this seems to have weakened the company at its core, CEO Bill McKay has done one thing right, he was smart to provide not only BOEING but various re-seller channels samples of his SAE-AS81820 self-lubricating plain spherical bearings.
Now using his NAVAIR certification and status as 1 of 6 certified companies in the world to produce this product and a positive registration from BOEING, re-sellers presently selling to BOEING on long term agreements have begun requesting quotes averaging upward of $25,000,000.
This is truly the phoenix rising from the ashes. TPAC faces just one major challenge, supply and demand. There is no problem actually manufacturing the actual part. What we are seeing is more capitalization is needed to manufacture the volume needed per the quotations and open-orders. For this follow USA Financial Regent to explain the financial plan for funding."
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