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State of art factory.lol do they have a sign yet? I don't know how many factories or shops you've been in but state of the art is not what I would call it. Tpac is a start up with no sales... nothing more.
Still owned by Americans and an American company...yes. Just because toyota has a plant in the US doesn't make it an American company. China wants our technology not our companies.
First off, tpac is not a chinese company....they are an American company in China, therefore this whole statement is false.
Yep tpac's "consultants and administrators " how much a year does bills wife make? Surely they have not lived for the past 5 almost 6 years income free, California is mighty expensive.
Lol .all my debt is in friendly hands also , until they don't get their money...good luck to them converting @ .25 must be after the r/s
It sounds like there is still $260000 left in toxic debt, I guess your definition of eliminated is different than mine. I could of sworn the toxic debt was all paid off in August and now more in October. Hmmmmm???
It seems they are tripping over themselves trying to get to tpac and it's potential. All the pos and jv's tpac has already gotten shows what a powerhouse in the industry they are. That have the best r&d dept. Out there and have secrets no other bearing company has...lol. I'm sure there is a reason NO company has associated with tpac so far.
Results of Operations
Nine Months Ended July 31, 2015 and 2014
We have not commenced revenue producing operations and do not expect to until the fourth quarter of 2015, at the earliest, at which time we expect to commence the distribution of Godfrey’s line of spherical bearings. During the nine months ended July 31, 2015, we incurred $4,187,916 of operating expenses compared to $2,526,836 during the nine months ended July 31, 2014. Our operating expenses consist primarily of professional fees, consulting fees, and other general and administrative expenses. The increase in operating expenses for the nine months ended July 31, 2015 compared to the same period in fiscal 2014 was primarily resulted from issuance of options for common stock to board of directors. We expect our operating expenses will significantly increase at such time as we commence the distribution of Godfrey’s spherical bearings.
During the nine months ended July 31, 2015 and 2014, we incurred a net loss from operations of $4,582,913 and $2,763,524, respectively. The increase was primarily resulted from issuance of common stock options to board of directors.
As of July 31, 2015 and October 31, 2014, as a result of the increased ownership to 55% in Godfrey, we recorded non-controlling interest of $609,797 and $489,407, respectively. The net loss attributable to the Company was $4,462,523 and $2,518,260 for the nine months ended July 31, 2015 and 2014, respectively.
Financial Condition
Liquidity and Capital Resources
As of July 31, 2015, we had total assets of $105,383 and a working capital deficit of $390,367. Since July 31, 2015, our working capital has decreased as a result of continuing losses from operations. We estimate that we require approximately $2 million of additional working capital over the next 12 months in order to fund our expected marketing and distribution of the initial line of aircraft component products to be manufactured by Godfrey and to fund our expected operating losses as we endeavor to build revenue and achieve a profitable level of operations. However, there are no commitments or understandings at this time with any third parties for their provision of capital to us.
http://ih.advfn.com/p.php?pid=nmona&article=68590603
Lol.just like every other penny stock CEO ...always looking out for their investors.
They have to post that on twitter?? Isn't that the same thing they've been working on for years and years??? This is nothing new....probably has another meeting coming up also.
Great volume this week.lol. I did email Chris and asked him to stepdown as ceo and appoint someone else or sell the shell... hoping he takes my advice. I have 25 million shares I'll take to the grave with me b4 I do a tax write off on.lol
No you are claiming the reason buffet isn't invested in tpac is because he can't. .. but would if he could. My reasoning is he would not because it is a pos.
It sure sounded like it was over. In fact bill said it was over.
Bill stated the Timken deal was over and by the sounds of the IR dept. email they weren't too happy with the last pr he released. He also stated they had filled the order with some parts lying around a warehouse and they were just parts for testing and no revunue was generated. Timken on the other hand stated the order was never filled and it would have paid tpac $9000 had the order been filled.
No , that's not my reasoning. ..that's yours. My reasoning is totally different.
I thought it was 1 of 7??? ...did one get deflated???(maybe tom brady involved) . If you think about it...it's not that impressive considering the bearing industry is consolidated with larger companies owning smaller and the smaller ones not having to be NAVIR approved to supply commercial aircraft compaines.
doesn't look like they are NAVAIR approved... I can't belive buffet bought them. but they are pretty similar to tpac... 1 ish manufacturing facility vs 157 facilities, 7 ish employees vs 29350 , $0 revenue vs 10 Billion...very close companies can't belive Warren isn't all over TPAC.
http://www.usatoday.com/story/money/2015/08/10/warren-buffett-buys-aerospace-firm-37b/31399535/
The company has about 29,350 employees at 157 manufacturing facilities. It derives about 72% of its revenue from aerospace business, with 15% coming from the energy industry and 13% coming from general industrial customers and other industries.
Precision Castparts had $10 billion in revenue in its 2015 fiscal year with $1.5 billion in net income from continuing operations.
The global manufacturer makes castings, forged components, aerostructures and fasteners for the aerospace market. It also produces pipe and fittings for the power business and many other parts.
Yep, North Mexico, South Mexico, East Mexico, West Mexico and New Mexico. I'm sure Bill is setting up "factories" as we speak, he's got 5 guys in the US ...1 for each territory.
They are talking about Mexico...everyone knows mexico's aerospace is heating up (maybe not everyone).
http://offshoregroup.com/2015/06/25/why-mexicos-aerospace-manufacturing-sector-is-so-hot/
Is this the pimpled faced kid???
http://www.biomech.tugraz.at/index.php/people/15-co-workers/58-kewei-li
Kewei Li
Kewei Li
Graz University of Technology
Institute of Biomechanics
Stremayrgasse 16/2
8010 Graz, Austria
Phone: 0316-873-35504
Phone (overseas): ++43-316-873-35504
Fax: 0316-873-35502
Fax (overseas): ++43-316-873-35502
E-mail: kewei.li@TUGraz.at
Biography
Education
8/08 – 9/13:
Ph.D. Mechanical Engineering (Biomechanics), University of Connecticut, Connecticut, United States
9/05 – 6/08:
M.Sc. Mechanical Engineering, Shanghai University, Shanghai, China
9/01 – 6/05:
B.Sc. Mechanical Engineering, Xiangtan University, Hunan, China
Professional Appointments
Since 2/14:
Universitätsassistent, Institute of Biomechanics, Graz University of Technology, Austria
11/13 – 1/14:
R&D Intern, Dassault Systèmes Simulia Corp., Providence, Rhode Island, United States
8/08 – 8/13:
Graduate Assistant, Department of Mechanical Engineering, University of Connecticut, Connecticut, United States
9/05 – 6/08:
Research Assistant, Department of Mechanical Automation Engineering, Shanghai University, Shanghai, China
Research Experience
11/13 – 1/14:
R&D Intern at Dassault Systèmes Simulia Corp. Worldwide Headquarters in Providence, Rhode Island, United States
8/08 – 8/13:
Ph.D. Thesis project: Biomechanical Simulations of Transcatheter Aortic Valve, Department of Mechanical Engineering, University of Connecticut, Connecticut, United States
9/05 – 6/08:
Master Thesis project: Stress analysis and wear simulation of spherical plain bearings with self-lubricating fabric liner, Department of Mechanical Automation Engineering, Shanghai University, Shanghai, China
Awards and Honors
Graduate Travel Award (for SBC 2013), University of Connecticut, 6/2013
Excellent B.Sc. Thesis Award, Xiangtan University, 6/2005
Fu Rong Wang Scholarship, Xiangtan University, 5/2005
Publications
K. Li, Q. Wang, T. Pham and W. Sun [link]
Quantification of structural compliance of aged human and porcine aortic root tissues.
Journal of Biomedical Materials Research: Part A, 102:2365–2374, 2014.
E. Sirois, K. Li, J. Calderan, L. Ai and W. Sun [link]
Hemodynamic Impact of Transcatheter Aortic Valve Deployment Configuration.
Journal of Medicine Devices , 7:040922, 2013.
W. Sun, K. Li and E. Sirois [link]
Simulated elliptical bioprosthetic valve deformation: Implications for asymmetric transcatheter valve deployment.
Journal of Biomechanics, 43:3085-3090, 2010.
K. Li and W. Sun [link]
Simulated thin pericardial bioprosthetic valve leaflet deformation under static pressure-only loading conditions: implications for percutaneous valves.
Annals of Biomedical Engineering, 38:2690-2701, 2010.
Patents
W. Sun, E. Sirois, T. Pham and K. Li [link]
Prosthetic heart valve.
WO Patent 2012161786, Nov 29, 2012.
Biographical Sketch
Kewei Li received his B.S. and M.S. degrees both in Mechanical Engineering from Xiangtan University (2005) and Shanghai University (2008), respectively. He investigated the structural responses of spherical plain bearing for his Master’s thesis. In 2008, he proposed the first Finite Element model of spherical plain bearing with detailed description of self-lubricating composite liner. After completing his Master's degree, Kewei started his Ph.D. research in Computational Biomechanics field at Dr. Wei Sun’s Tissue Mechanics Laboratory in University of Connecticut. In this research, Kewei developed the first computational model of transcatheter heart valve to quantify the effects of unique valve designs (for example, no stent deflection), leaflet thickness, and tissue compliance on structural response and deformation of transcatheter heart valve in both circular and elliptical configurations. Later on, he proposed a probabilistic computational scheme to evaluate the impact of leaflet geometry on the valve peak stress. Recently, Kewei worked on fluid-structure interaction simulations of transcatheter heart valve using the smoothed particle hydrodynamics method. In 2013, he successfully defended his Ph.D. thesis titled "Biomechanical Simulations of Transcatheter Aortic Valve".
After finishing his Ph.D. degree, he worked as an R&D Intern in the Computational Biomechanics field at Dassault Systèmes Simulia Corp., Providence, Rhode Island.
He has co-authored numerous journal publications and one world patent on heart valve design. His research interests include cardiovascular solid mechanics, computational biomechanics and experimental methods for testing of soft tissues.
What cheaper than Sweden and SKF who are already on the c919... Sweden and China also have free trade. How about Thialnd and minebea? I don't think the US is a competitor in China....we all know they can produce cheaper over there. By the way SKF had 18....yes 18 factories over in China and just put a 77 million (euro) r & d technology center in china. Tpac is a spec among giants
A real machinist would have made his own sign.
What do you mean advantage against US? So far Navair approval has brought nothing but posters able to say navair approved over and over.
This is old news...so i know it doesn't count, but it doesn't sound like Minebea is just content to sit there as some claim.
http://www.asiabearings.com/News/194779.html
Minebea Will Expand Aerospace Bearing Production Minebea Co. Ltd. (Japan) said it plans even more aggressive market and manufacturing expansion efforts for its rod end and spherical bearing product lines, especially into the aerospace industry.
Already dominant in the world market for rod end bearings, Minebea holds a 60% share. They are also the world's largest manufacturer of miniature bearings, with a similar market share.
In particular, Minebea company said it will be building on recent supply contract wins to further extend its aerospace bearing market penetration.
Minebea recently won a contract to supply rod end and spherical bearings to Airbus SAS for its upcoming A380 jet airliners, due in 2006. The A380 will be the world's largest airliner, with two full-length levels of seating and two aisles in each. A standard passenger configuration, with generous seating areas and open space, will carry 555 passengers. In freight configuration, the plane will have three cargo decks.
Although Airbus released no information about how many bearings each A380 will use, Alcoa revealed it supplies more than one million fasteners for each A380.
As part of its new program, Minebea has earmarked USD $6.4 million to expand rod end and spherical bearing manufacturing capacity in existing plants in the United States, Japan and the United Kingdom.
Looking to the future, Minebea said it is also developing a wider variety of nonferrous aerospace bearings made from advanced composites, metal matrix, aluminum, titanium, and other materials.
Oh, does Minebea own NHBB? Then they must know all about liner technology.
http://nhbb.com/products/spherical-bearings.aspx
Our Astro Division developed the first liner system for spherical bearings that qualifies to the threshold of 100,000 cycles for bearing life (industry standard AS81820 Type 'A'). Our customized and standard bearings also include swaged, split ball, spit race, fracture race, snap assembled, and loader slot.
NHBB understands the importance of choosing materials to match your operating environment. We design bearings using cadmium-free stainless steel, titanium, Inconel® 718 (a nickel-chromium based super-alloy for high-temperature applications), and Stellite™ (cobalt and nickel-based alloy), in both metal-to-metal and self-lubricating PTFE-lined versions.
Here mineba investor presentation for 2014 , their presence in China us undeniable...twice as many sale than in the US. The largest bearing manuf, has no intrest or presence in China...c'mon man.
https://www.google.com/url?sa=t&source=web&rct=j&url=http://www.minebea.co.jp/english/corp/environment/reports/2014/__icsFiles/afieldfile/2014/10/21/r2014_en.pdf&ved=0CB4QFjAAahUKEwiQnsja6Z_IAhVOjpIKHVmaBr8&usg=AFQjCNHG3KQlshRNIf6Sr6uajX-3TUEggg&sig2=x4dkYt_NlGm9VqrGkcA4gQ
And Japan and Thialnd have free trade...ship bearings to Thailand... Thailand and china have free trade. companies do it here all the time ship from overseas to a factory they have in Canada cheaper and then ship down to US, thanks to nafta.
http://www.businessinsider.com/barclays-china-is-worse-than-we-thought-2015-9
"Excess Capacity." Davis said that he toured many US company's factories in China and they were running under peak capacity. This, combined with a more vacant real estate and a focus on growth in smaller cities, means that there are simply less things to make.
"Local Chinese players are building skill in manufacturing." Davis said that in previous trips, Chinese-owned factories were disastrous but that has turned around significantly. He cites more skilled workers, better facilities and better manufacturing techniques as examples of the quality improvements.
"Export of Technology." Not only have the Chinese begun to take on their own industrial projects within the country, but they are beginning to export these efforts to other emerging markets as well. Since Chinese companies have the backstop of the government, they are willing to do projects at lower margins and higher risks, cutting off a source of growth for US industrials.
This is the middle of a significant shift, says Davis, and it's a tough road ahead for US companies that many won't survive.
what's the difference between a Navair approved spherical bearing company in china and a non-Navair spherical bearing company in China? One has sales and is actually on planes and one isn't. I guess there are a lot of planes fling around without bearings waiting for tpac to go into full production.
looks like they have plenty to choose from in china
http://rbcbearings.com/spb-aerospace/index.htm
http://rbcbearings.com/spb-aerospace/index.htm
Shanghai Motion Control
Technology Co., Ltd.
Shanghai 200060, P.R. China
Tel. 0086 21-61484822
Fax. 0086 21-61484821
Email: sales@mct-eia.com
Web: www.mct-eia.com
BDI (Tianjin) Bearing Co., Ltd
No.1 Muning Road, TEDA,
Tianjin, P.R. China
Tel. 0086 22-25324166
Fax. 0086 22-25325504
Email: info@bdichina.com
Web: www.bdichina.com
What about SKF...they are already involved in the C919 build
http://www.skf.com/uk/our-company/Business-Units/aerospace/Aerospace-Clevedon/Product-overview/AMPEP-self-lubricating-plain-bearings/index.html
http://www.skf.com/group/news-and-media/news-search/2015-mar-18-SKF-supplies-bearings-for-next-generation-aircraft-engines-1842865.html
China wants technology....tpac must not have much to offer otherwise it would be in a jv already. Since they've already done test flights on th c919 they either left out the bearings that tpac is the only company able to produce (lol) or they went with someone else. As far as how many are still in jvs... idk, I'm sure if there is money and technology being made I'd say a good deal...these a billion $ companies, not a sub penny with 1 employee.
Lol, that's how long other companies have been forming jvs and partnerships ...long before tpac has even sold a part in china or any other country....5 year head start.lol lol
http://centreforaviation.com/analysis/more-c919-partners-falling-into-place--suppliers-share-wrap-30790
More than 80% of the aircraft’s systems will be designed and manufactured outside of China, but local participation will increase. The goal for COMAC is to reduce foreign participation to around 50%, including a switch over to an indigenously manufactured engine.
Each of the US companies will be partnered by a Chinese counterpart for the programme. Rockwell Collins and China Electronics Technology Avionics Co Ltd (CETCA) signed a memorandum of agreement to establish a China-based JV, which is expected to sign the formal supply agreement with COMAC by the end of this year. Honeywell is collaborating with Hunan Boyun New Materials Co Ltd and Changsha Xinhang Wheel and Brake Co Ltd, and is expected to sign a JV with the Chinese suppliers to provide the wheels and brake system for the C919. GE Aviation Systems has partnered with AVIC Systems and will also form a JV.
These aren't sub penny companies getting in on this build here. Does tpac even have a realistic shot at this? How can they compete with the bigs that have already been in China greasing palms?
You mean the secret liner lube that every bearing company has of their own sauce? Bill doesnt posses anything that other companies don't have...that is why this company is worthless and has sold no bearings
China and Thailand have free trade along with some other countries. ...do you think they just picked Thailand out of a hat? Why not build in japan?
Money talks and if boeing want mineba on china boeing get them. This and and china have free trade