In order for us to produce significant quantities
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Posted On: 12/31/2017 10:26:35 AM
In order for us to produce significant quantities of bearings in China we need a Chinese partner. This has been stated over and over. We have had long, long discussions with AVIC, Harbin Bearing, Timken, AVIC Zhuhai just to make a few. We cannot force them to enter agreements, even when they are the ones pushing Letters of Intent. So if you have a way to coerce them into forming a partnership, I’m all ears.
Because we relied on others to agree to form these partnerships and we are still waiting, we have and will continue to explore other ways to generate revenue, while still working on bearing sales. If you have another idea, again I am all ears. With bikes and with blockchain we can control our own destiny and not rely upon a partner to come along with us. While we are still very optimistic about bearings, we need other sources of revenue.
Because we relied on others to agree to form these partnerships and we are still waiting, we have and will continue to explore other ways to generate revenue, while still working on bearing sales. If you have another idea, again I am all ears. With bikes and with blockchain we can control our own destiny and not rely upon a partner to come along with us. While we are still very optimistic about bearings, we need other sources of revenue.
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