M Line Holdings Inc. (MLHC)

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M Line is a leading provider of manufactured precision metal products, assemblies and services to the high tech segment of aerospace, defense, medical and other industries with key customers that include Panasonic Avionics, UTC Aerospace Systems, and other leading aerospace customers. It is in the midst of a committed recovery and growth effort.

 

M Line currently(Can't be confirmed until current on all filings) (operates through their two wholly owned subsidiaries, Precision Aerospace and Technologies, Inc. (formerly Eran Engineering, Inc.), (“Precision”), and E.M Tool Company, Inc. dba Elite Machine Tool Company, (Elite”) .

Precision manufactures precision metal components out of its 50,000 square foot facility in Tustin, California.  OThe Company’s services and products are primarily marketed and sold to the commercial aviation, medical, oil and gas and defense industries.  PA&T enjoys an installed base of over forty CNC machines.  PA&T currently manufactures complete parts and assemblies for the In-Flight Entertainment (IFE) systems, cockpit systems, engine nacelles, electronic enclosures, engine exhaust, and waste systems on commercial and military aircraft.  Specific programs supported include Airbus A320neo, Mitsubishi RJ, Bombardier C series, Airbus A380, Boeing 787 and Boeing 737 aircraft.  In addition PA&T manufactures parts for the defense industry and the medical industry serving customers such as Beckman Coulter.

PA&T entered into a co-operation agreement with SIE (Structural Integrity Engineers, Inc.) an aerospace engineering company with facilities in the US and Europe. Precision is certified to AS9100 rev C, is proficient with Boeing D1-4426 and complies with Boeing D6-51991.

 

http://www.mlineholdings.com/
http://www.precisionaerotech.com/
http://www.elitemachinetool.com/elite/

Currently Panasonic is still Precision’s largest customer but now accounts for less than 50% of total revenues as business from other customers has increased. The company maintains considerable inventory, a high percentage to meet Panasonic’s order requirements.