TODAYS EMAIL FROM TPAC IR Specialist EX-IM BA
Post# of 22940
Posted On: 05/11/2016 8:58:43 AM
TODAYS EMAIL FROM TPAC IR Specialist
EX-IM BANK MAKES TPAC AWARE OF NEW PROGRAM ALTERNATIVE FOR CHINA BUSINESS
Yesterday, TPAC successfully answered questions concerning:
(1) Holdings in the USA and China
(2) USA Supply Chain
(3) Raw Materials
(4) Explanation of Military Customer Base for End Product
Ex-Im Bank makes TPAC aware of a China-U.S. Export-Import program. TPAC makes a strategic move and applies for Ex-Im Bank Sovereign Guarantee Loan Program (This is an alternative funding and business strategy while the Senate decides approval of Board nominees). Note: This program is not unencumbered by Senator Richard Shelby’s views. In January 2005, Ex-Im Bank signed a Framework Agreement with the Ministry of Finance of the People's Republic of China, which broadly outlined the structure under which the Ministry of Finance would provide its sovereign guarantee to Ex-Im Bank on medium term and long term transactions.
This program provides a guarantee of payment from the China Government on approved transactions from USA to China.
TPAC can now engage China’s state procurement bid process using the spherical bearings and associated parts as the product line for the new C919 airliner built by a China state-owned manufacturer. The C919 Chinese superjet is a single-aisle narrow-body jet designed to seat 168 passengers, and has a non-stop standard flight range of 2,500 miles.
C919 is China’s offering to compete with Boeing and Airbus by capturing market share of the aviation sector. It is being compared to Boeing 737 and Airbus 320 passenger planes. China reports it has received over 500 orders from Chinese and abroad interests.
If approved, TPACs loan value will need to be raised to $100M to meet the program minimum.
TPAC AUSTRALIA and SLA
After Ex-Im Bank, FR and BDG teams refocus efforts on SLAs for Godfrey and TPAC AU.
More information on both topics will be provided as details emerge.
TPAC IR Specialist
ir@tpacbearings.com
EX-IM BANK MAKES TPAC AWARE OF NEW PROGRAM ALTERNATIVE FOR CHINA BUSINESS
Yesterday, TPAC successfully answered questions concerning:
(1) Holdings in the USA and China
(2) USA Supply Chain
(3) Raw Materials
(4) Explanation of Military Customer Base for End Product
Ex-Im Bank makes TPAC aware of a China-U.S. Export-Import program. TPAC makes a strategic move and applies for Ex-Im Bank Sovereign Guarantee Loan Program (This is an alternative funding and business strategy while the Senate decides approval of Board nominees). Note: This program is not unencumbered by Senator Richard Shelby’s views. In January 2005, Ex-Im Bank signed a Framework Agreement with the Ministry of Finance of the People's Republic of China, which broadly outlined the structure under which the Ministry of Finance would provide its sovereign guarantee to Ex-Im Bank on medium term and long term transactions.
This program provides a guarantee of payment from the China Government on approved transactions from USA to China.
TPAC can now engage China’s state procurement bid process using the spherical bearings and associated parts as the product line for the new C919 airliner built by a China state-owned manufacturer. The C919 Chinese superjet is a single-aisle narrow-body jet designed to seat 168 passengers, and has a non-stop standard flight range of 2,500 miles.
C919 is China’s offering to compete with Boeing and Airbus by capturing market share of the aviation sector. It is being compared to Boeing 737 and Airbus 320 passenger planes. China reports it has received over 500 orders from Chinese and abroad interests.
If approved, TPACs loan value will need to be raised to $100M to meet the program minimum.
TPAC AUSTRALIA and SLA
After Ex-Im Bank, FR and BDG teams refocus efforts on SLAs for Godfrey and TPAC AU.
More information on both topics will be provided as details emerge.
TPAC IR Specialist
ir@tpacbearings.com
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