CEO INFO: Let me add a few things to the conferen

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Let me add a few things to the conference call points of discussion.
1. We do need the approval of NAVAIR to sell to commercial OEMs like Boeing and Airbus. We do have that approval.
2. When Navy personnel visited our facility in August 2014 they called on and reviewed BTL operations and were quite happy, as BTL is AS9100-C approved.
3. BTL manufactures our components and does all of the machining. We install the liner and assemble the bearings. This is acceptable per AS81820 and allows us to have an environmentally friendly shop with no contaminants produced.
4. While it is true that we do not get a 24% direct tax advantage, our parts are not subject to the 24% import duty paid by other bearing manufacturers whose products are imported for production aircraft. Therefore, our parts are necessarily 24% cheaper by virtue of the fact we don't pay import tax.
5. We are in the process of soliciting quotes on behalf of BTL and TPAC Australia for various products. For BTL, these are parts that they are capable of making. For TPAC Australia, they are parts that would be made by TPAC and BTL.
6. We are still in discussions with AVIC regarding a partnership in China, but since we are partnered with BTL, we are in a different (and better) bargaining position and are selective as to what the potential partner can offer us.

We plan to do both. The sale of raw material is seen as a way to generate revenue more an existing demand

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