Thursday, October 22, 2009 11:49:29 AM
On the torque and HP, I know one of the new JV deals they did recently was for a mine generator engine prototype being built and tested at the partners expense, and IIRC Mitsubishi is a part owner of that China firm. Mine generator engine is probably in 5000 hp category IMHO (I don't know the size for sure), but one parnter is building a motorcycle prototype for testing (millions per year potential for China motorcycles), another is a mid sized one for truck engines to compete with diesels (so it must have plenty of torque or they would not be following that path), and the third is heavy industry mine applications in remote areas for power. I am real tempted to buy more shares here today based on the Asia office opening news and mention of M&A discussions at that office. M&A discussions could move the stock price quickly, and if they get bought up the game is over.
Recent NVOS News
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